Invesco Senior Secured Management Inc. ADV Cuts Position in Diebold Nixdorf, Incorporated (NYSE:DBD)

Invesco Senior Secured Management Inc. ADV trimmed its position in shares of Diebold Nixdorf, Incorporated (NYSE:DBD) by 2.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 195,973 shares of the technology company’s stock after selling 5,306 shares during the period. Diebold Nixdorf comprises 8.1% of Invesco Senior Secured Management Inc. ADV’s holdings, making the stock its 4th biggest holding. Invesco Senior Secured Management Inc. ADV owned approximately 0.52% of Diebold Nixdorf worth $8,435,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Vestcor Inc bought a new stake in Diebold Nixdorf during the 4th quarter valued at $119,000. KLP Kapitalforvaltning AS bought a new position in Diebold Nixdorf during the 4th quarter worth about $146,000. Dynamic Technology Lab Private Ltd purchased a new position in Diebold Nixdorf during the 4th quarter valued at about $250,000. XTX Topco Ltd bought a new stake in shares of Diebold Nixdorf in the 3rd quarter valued at about $275,000. Finally, Ritholtz Wealth Management purchased a new stake in shares of Diebold Nixdorf in the 4th quarter worth approximately $303,000. Hedge funds and other institutional investors own 97.04% of the company’s stock.

Insider Transactions at Diebold Nixdorf

In other news, Director Emanuel R. Pearlman sold 2,000 shares of the stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $43.68, for a total value of $87,360.00. Following the completion of the sale, the director now directly owns 40,000 shares in the company, valued at $1,747,200. This represents a 4.76 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.26% of the company’s stock.

Wall Street Analysts Forecast Growth

DBD has been the topic of a number of recent analyst reports. StockNews.com cut shares of Diebold Nixdorf from a “buy” rating to a “hold” rating in a report on Thursday, March 27th. DA Davidson upped their target price on Diebold Nixdorf from $65.00 to $80.00 and gave the company a “buy” rating in a research report on Thursday, February 27th. CJS Securities upgraded shares of Diebold Nixdorf to a “strong-buy” rating in a report on Tuesday, April 1st. Finally, Wedbush reiterated an “outperform” rating and issued a $60.00 target price on shares of Diebold Nixdorf in a research note on Thursday, February 13th.

Diebold Nixdorf Stock Down 4.8 %

Diebold Nixdorf stock opened at $38.13 on Monday. The company has a quick ratio of 0.90, a current ratio of 1.32 and a debt-to-equity ratio of 0.99. The firm has a market cap of $1.43 billion, a price-to-earnings ratio of -86.66 and a beta of 1.73. The business’s 50-day moving average price is $43.64 and its 200 day moving average price is $44.22. Diebold Nixdorf, Incorporated has a 52 week low of $30.34 and a 52 week high of $51.81.

Diebold Nixdorf (NYSE:DBD) last issued its quarterly earnings data on Wednesday, February 12th. The technology company reported $0.97 EPS for the quarter, missing the consensus estimate of $1.22 by ($0.25). Diebold Nixdorf had a negative net margin of 0.44% and a positive return on equity of 14.28%. As a group, sell-side analysts anticipate that Diebold Nixdorf, Incorporated will post 4.59 earnings per share for the current year.

Diebold Nixdorf announced that its Board of Directors has initiated a stock buyback plan on Wednesday, February 12th that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the technology company to repurchase up to 5.7% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s leadership believes its shares are undervalued.

About Diebold Nixdorf

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.