Insider Selling: Diebold Nixdorf, Incorporated (NYSE:DBD) Major Shareholder Sells 450,000 Shares of Stock

Diebold Nixdorf, Incorporated (NYSE:DBD) major shareholder Millstreet Capital Management sold 450,000 shares of the business’s stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $42.50, for a total transaction of $19,125,000.00. Following the transaction, the insider now directly owns 6,027,361 shares in the company, valued at $256,162,842.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Millstreet Capital Management also recently made the following trade(s):

• On Wednesday, March 20th, Millstreet Capital Management sold 457,715 shares of Diebold Nixdorf stock. The stock was sold at an average price of $33.95, for a total transaction of $15,539,424.25.

Diebold Nixdorf Stock Up 0.4 %

DBD traded up $0.17 during trading on Friday, hitting $44.56. The company had a trading volume of 298,671 shares, compared to its average volume of 148,015. The company has a current ratio of 1.39, a quick ratio of 0.94 and a debt-to-equity ratio of 1.08. Diebold Nixdorf, Incorporated has a 1-year low of $16.50 and a 1-year high of $45.15. The business has a 50-day moving average of $36.10 and a 200-day moving average of $31.48.

Diebold Nixdorf (NYSE:DBD) last released its earnings results on Thursday, May 2nd. The technology company reported $1.19 earnings per share for the quarter, beating the consensus estimate of $0.03 by $1.16. The business had revenue of $895.40 million for the quarter, compared to the consensus estimate of $872.40 million. On average, equities analysts anticipate that Diebold Nixdorf, Incorporated will post 5.79 EPS for the current fiscal year.

Hedge Funds Weigh In On Diebold Nixdorf

Several institutional investors have recently modified their holdings of the company. Tower Research Capital LLC TRC acquired a new stake in Diebold Nixdorf in the 4th quarter valued at about $46,000. Public Employees Retirement System of Ohio purchased a new stake in Diebold Nixdorf during the third quarter valued at about $79,000. SG Americas Securities LLC purchased a new stake in Diebold Nixdorf during the first quarter valued at about $105,000. Citigroup Inc. purchased a new stake in Diebold Nixdorf during the third quarter valued at about $135,000. Finally, Cannon Global Investment Management LLC purchased a new stake in Diebold Nixdorf during the first quarter valued at about $276,000. Institutional investors own 97.04% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on DBD shares. StockNews.com cut shares of Diebold Nixdorf from a “buy” rating to a “hold” rating in a research report on Monday. Wedbush raised shares of Diebold Nixdorf from a “neutral” rating to an “outperform” rating and upped their price target for the company from $40.00 to $50.00 in a report on Friday, May 3rd.

Diebold Nixdorf Company Profile

Diebold Nixdorf, Incorporated engages in the automating, digitizing, and transforming the way people bank and shop worldwide. It operates through two segments, Banking and Retail. The company offers cash recyclers and dispensers, intelligent deposit terminals, teller automation tools, and kiosk technologies, as well as physical security solutions; and front-end applications for consumer connection points and back-end platforms that manage channel transactions, operations and integration, and facilitate omnichannel transactions, endpoint monitoring, remote asset management, customer marketing, merchandise management, and analytics.