Diebold Nixdorf, Incorporated $DBD Stock Sold by Prescott Group Capital Management L.L.C.

Prescott Group Capital Management L.L.C. cut its holdings in shares of Diebold Nixdorf, Incorporated (NYSE:DBD) by 29.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 217,904 shares of the technology company’s stock after selling 89,987 shares during the period. Diebold Nixdorf makes up about 1.2% of Prescott Group Capital Management L.L.C.’s investment portfolio, making the stock its 14th largest holding. Prescott Group Capital Management L.L.C. owned about 0.64% of Diebold Nixdorf worth $13,340,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in DBD. Dimensional Fund Advisors LP boosted its position in Diebold Nixdorf by 16.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,148,962 shares of the technology company’s stock worth $86,672,000 after acquiring an additional 165,324 shares during the period. Skylands Capital LLC increased its holdings in shares of Diebold Nixdorf by 13.3% during the third quarter. Skylands Capital LLC now owns 531,510 shares of the technology company’s stock valued at $32,539,000 after purchasing an additional 62,325 shares during the period. Arrowstreet Capital Limited Partnership increased its holdings in shares of Diebold Nixdorf by 20.6% during the first quarter. Arrowstreet Capital Limited Partnership now owns 519,201 shares of the technology company’s stock valued at $39,169,000 after purchasing an additional 88,534 shares during the period. Bank of New York Mellon Corp acquired a new position in shares of Diebold Nixdorf during the second quarter valued at $14,740,000. Finally, First Trust Advisors LP raised its stake in shares of Diebold Nixdorf by 56.8% during the first quarter. First Trust Advisors LP now owns 129,301 shares of the technology company’s stock valued at $9,754,000 after purchasing an additional 46,856 shares in the last quarter. 97.04% of the stock is owned by institutional investors.

Diebold Nixdorf Trading Down 0.0%

NYSE DBD opened at $56.02 on Wednesday. Diebold Nixdorf, Incorporated has a twelve month low of $52.87 and a twelve month high of $92.08. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.84 and a current ratio of 1.27. The stock has a market cap of $1.88 billion, a price-to-earnings ratio of 9.14 and a beta of 1.25. The firm’s 50 day moving average price is $64.65 and its two-hundred day moving average price is $74.77.

Diebold Nixdorf (NYSE:DBD) last released its earnings results on Wednesday, October 28th. The technology company reported $1.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.31 by $0.03. The company had revenue of $990.90 million during the quarter, compared to analyst estimates of $971.70 million. Diebold Nixdorf had a return on equity of 21.53% and a net margin of 1.96%. Equities analysts anticipate that Diebold Nixdorf, Incorporated will post 4.66 EPS for the current year.

Diebold Nixdorf declared that its Board of Directors has authorized a share repurchase plan on Wednesday, October 28th that allows the company to buy back $250 million in outstanding shares. This repurchase authorization allows the technology company to purchase up to 12.7% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Wedbush decreased their target price on shares of Diebold Nixdorf from $100.00 to $90.00 and set an “outperform” rating for the company in a research report on Thursday, October 29th. DA Davidson restated a “buy” rating and set a $100.00 price target on shares of Diebold Nixdorf in a research report on Tuesday, October 27th. Zacks Research lowered shares of Diebold Nixdorf from a “hold” rating to a “strong sell” rating in a research note on Friday, October 30th. Wall Street Zen cut shares of Diebold Nixdorf from a “strong-buy” rating to a “hold” rating in a report on Saturday, August 1st. Finally, Weiss Ratings lowered shares of Diebold Nixdorf from a “buy (b-)” rating to a “hold (c)” rating in a research note on Thursday, October 29th. Two analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Diebold Nixdorf currently has a consensus rating of “Hold” and an average price target of $95.00.

Diebold Nixdorf Profile

Diebold Nixdorf, Incorporated provides technology, software and services for the banking and retail industries. Its portfolio includes automated teller machines (ATMs), cash-management systems, self-service kiosks, branch-automation solutions and software designed to support transactions, payments and customer interactions.

For retailers, the company offers point-of-sale systems, self-checkout solutions, payment technologies, software and related services. Diebold Nixdorf also provides professional services, maintenance, monitoring and managed services to help financial institutions and retailers operate and modernize their in-person and self-service channels.

The company traces its history to Diebold, founded in 1859, and Wincor Nixdorf, which was established in Germany in 1952.