Bank of New York Mellon Corp Purchases 8,249 Shares of Diebold Nixdorf Inc (DBD)
Bank of New York Mellon Corp grew its position in shares of Diebold Nixdorf Inc (NYSE:DBD) by 0.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,111,917 shares of the technology company’s stock after acquiring an additional 8,249 shares during the quarter. Bank of New York Mellon Corp owned about 1.47% of Diebold Nixdorf worth $25,407,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio increased its holdings in shares of Diebold Nixdorf by 4.1% during the second quarter. Public Employees Retirement System of Ohio now owns 6,923 shares of the technology company’s stock valued at $194,000 after acquiring an additional 271 shares in the last quarter. Westside Investment Management Inc. bought a new stake in shares of Diebold Nixdorf during the second quarter valued at approximately $167,000. Virtu KCG Holdings LLC increased its holdings in shares of Diebold Nixdorf by 2.3% during the second quarter. Virtu KCG Holdings LLC now owns 8,053 shares of the technology company’s stock valued at $225,000 after acquiring an additional 180 shares in the last quarter. Stifel Financial Corp bought a new stake in shares of Diebold Nixdorf during the second quarter valued at approximately $244,000. Finally, Coastline Trust Co increased its holdings in shares of Diebold Nixdorf by 3.2% during the second quarter. Coastline Trust Co now owns 8,645 shares of the technology company’s stock valued at $242,000 after acquiring an additional 270 shares in the last quarter.
Shares of Diebold Nixdorf Inc (NYSE:DBD) opened at $18.00 on Thursday. Diebold Nixdorf Inc has a 1-year low of $16.00 and a 1-year high of $31.85. The stock has a market capitalization of $1,397.38, a price-to-earnings ratio of 17.45 and a beta of 1.92. The company has a current ratio of 1.47, a quick ratio of 1.01 and a debt-to-equity ratio of 3.00.
Diebold Nixdorf (NYSE:DBD) last announced its quarterly earnings results on Tuesday, October 31st. The technology company reported $0.58 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.18 by $0.40. Diebold Nixdorf had a positive return on equity of 11.39% and a negative net margin of 4.40%. The business had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter in the prior year, the company posted $0.34 earnings per share. Diebold Nixdorf’s revenue was up 14.2% compared to the same quarter last year. analysts forecast that Diebold Nixdorf Inc will post 1.09 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, December 8th. Investors of record on Friday, November 17th were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, November 16th. This represents a $0.40 annualized dividend and a yield of 2.22%. Diebold Nixdorf’s dividend payout ratio (DPR) is currently -14.81%.
In related news, SVP Alan Kerr purchased 2,750 shares of the firm’s stock in a transaction that occurred on Friday, November 3rd. The stock was acquired at an average price of $18.28 per share, for a total transaction of $50,270.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.37% of the company’s stock.
Several research firms have recently commented on DBD. Imperial Capital restated a “hold” rating on shares of Diebold Nixdorf in a report on Wednesday. Zacks Investment Research upgraded Diebold Nixdorf from a “sell” rating to a “hold” rating in a report on Tuesday, September 19th. KeyCorp restated a “hold” rating on shares of Diebold Nixdorf in a report on Friday, October 20th. J P Morgan Chase & Co upgraded Diebold Nixdorf from a “neutral” rating to an “overweight” rating and set a $24.00 price objective for the company in a report on Thursday, November 16th. Finally, Credit Suisse Group restated an “outperform” rating on shares of Diebold Nixdorf in a report on Tuesday, September 5th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $26.75.
Diebold Nixdorf Company Profile
Diebold Nixdorf, Incorporated provides connected commerce services, software and technology. The Company’s geographic segments include North America (NA), Asia Pacific (AP), Europe, Middle East and Africa (EMEA), and Latin America (LA). These segments sell and service financial self-service (FSS), retail solutions and security systems.
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