Rhumbline Advisers Makes New $1.41 Million Investment in Diebold Nixdorf, Incorporated (NYSE:DBD)

Rhumbline Advisers purchased a new position in shares of Diebold Nixdorf, Incorporated (NYSE:DBD) during the second quarter, HoldingsChannel.com reports. The institutional investor purchased 36,614 shares of the technology company’s stock, valued at approximately $1,409,000.

A number of other hedge funds have also recently added to or reduced their stakes in DBD. nVerses Capital LLC acquired a new stake in shares of Diebold Nixdorf during the 2nd quarter valued at approximately $35,000. Commonwealth Equity Services LLC purchased a new stake in shares of Diebold Nixdorf during the 2nd quarter valued at $303,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Diebold Nixdorf by 215.7% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,770 shares of the technology company’s stock worth $145,000 after purchasing an additional 2,576 shares during the period. Skylands Capital LLC boosted its position in Diebold Nixdorf by 24.1% during the 2nd quarter. Skylands Capital LLC now owns 252,100 shares of the technology company’s stock worth $9,701,000 after purchasing an additional 49,000 shares during the period. Finally, Summit Securities Group LLC purchased a new stake in Diebold Nixdorf during the 2nd quarter worth $125,000. Institutional investors and hedge funds own 97.04% of the company’s stock.

Insider Transactions at Diebold Nixdorf

In other Diebold Nixdorf news, CFO Thomas S. Timko purchased 1,400 shares of the company’s stock in a transaction dated Friday, August 9th. The shares were bought at an average price of $38.71 per share, for a total transaction of $54,194.00. Following the purchase, the chief financial officer now directly owns 48,219 shares in the company, valued at approximately $1,866,557.49. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO Octavio Marquez purchased 1,100 shares of Diebold Nixdorf stock in a transaction on Friday, August 9th. The stock was purchased at an average cost of $37.34 per share, with a total value of $41,074.00. Following the acquisition, the chief executive officer now directly owns 135,774 shares in the company, valued at $5,069,801.16. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Thomas S. Timko acquired 1,400 shares of the company’s stock in a transaction dated Friday, August 9th. The stock was acquired at an average price of $38.71 per share, with a total value of $54,194.00. Following the purchase, the chief financial officer now owns 48,219 shares in the company, valued at approximately $1,866,557.49. The disclosure for this purchase can be found here. Insiders have acquired a total of 3,650 shares of company stock worth $141,935 in the last 90 days. 0.04% of the stock is owned by insiders.

Wall Street Analyst Weigh In

DBD has been the topic of a number of recent analyst reports. Wedbush reiterated an “outperform” rating and issued a $50.00 price objective on shares of Diebold Nixdorf in a report on Thursday, September 12th. StockNews.com cut shares of Diebold Nixdorf from a “buy” rating to a “hold” rating in a research report on Thursday, July 11th. Finally, DA Davidson increased their price objective on shares of Diebold Nixdorf from $55.00 to $65.00 and gave the company a “buy” rating in a report on Friday, August 9th.

Diebold Nixdorf Trading Up 2.5 %

NYSE DBD opened at $44.21 on Friday. The stock has a market cap of $1.66 billion and a price-to-earnings ratio of 7.58. The firm’s 50 day moving average price is $41.41 and its two-hundred day moving average price is $38.98. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.95 and a current ratio of 1.42. Diebold Nixdorf, Incorporated has a twelve month low of $17.38 and a twelve month high of $45.15.

Diebold Nixdorf (NYSE:DBD) last released its quarterly earnings data on Wednesday, August 7th. The technology company reported $1.16 earnings per share for the quarter, beating the consensus estimate of $1.11 by $0.05. The firm had revenue of $939.70 million for the quarter, compared to analyst estimates of $899.30 million. Diebold Nixdorf had a net margin of 56.28% and a return on equity of 226.25%. Equities analysts anticipate that Diebold Nixdorf, Incorporated will post 5.3 EPS for the current year.

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.