AQR Capital Management LLC Grows Stock Position in Diebold Nixdorf, Incorporated (NYSE:DBD)

AQR Capital Management LLC lifted its stake in shares of Diebold Nixdorf, Incorporated (NYSE:DBD) by 436.7% in the 2nd quarter, Holdings Channel.com reports. The firm owned 40,355 shares of the technology company’s stock after buying an additional 32,836 shares during the quarter. AQR Capital Management LLC’s holdings in Diebold Nixdorf were worth $1,553,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of the stock. Sei Investments Co. raised its stake in shares of Diebold Nixdorf by 35.9% during the second quarter. Sei Investments Co. now owns 15,590 shares of the technology company’s stock worth $600,000 after purchasing an additional 4,119 shares during the last quarter. Inspire Investing LLC purchased a new position in shares of Diebold Nixdorf in the second quarter valued at $772,000. Hsbc Holdings PLC purchased a new position in shares of Diebold Nixdorf in the second quarter valued at $337,000. Amalgamated Bank purchased a new position in shares of Diebold Nixdorf in the second quarter valued at $34,000. Finally, Renaissance Technologies LLC increased its position in shares of Diebold Nixdorf by 233.4% in the second quarter. Renaissance Technologies LLC now owns 249,700 shares of the technology company’s stock valued at $9,608,000 after buying an additional 174,800 shares in the last quarter. Hedge funds and other institutional investors own 97.04% of the company’s stock.

Diebold Nixdorf Stock Down 0.0 %

Shares of NYSE:DBD opened at $44.86 on Friday. The stock’s 50-day moving average price is $41.58 and its two-hundred day moving average price is $39.86. The company has a current ratio of 1.42, a quick ratio of 0.95 and a debt-to-equity ratio of 1.09. Diebold Nixdorf, Incorporated has a 12-month low of $17.38 and a 12-month high of $47.73. The firm has a market cap of $1.69 billion, a price-to-earnings ratio of 7.69 and a beta of 2.18.

Diebold Nixdorf (NYSE:DBD) last issued its quarterly earnings results on Wednesday, August 7th. The technology company reported $1.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 return on equity of 226.25% and a net margin of 56.28%. On average, research analysts forecast that Diebold Nixdorf, Incorporated will post 5.3 EPS for the current year.

Insider Activity

In other news, EVP Frank Tobias Baur acquired 1,150 shares of Diebold Nixdorf stock in a transaction dated Tuesday, August 27th. The shares were acquired at an average cost of $40.58 per share, with a total value of $46,667.00. Following the purchase, the executive vice president now directly owns 24,262 shares of the company’s stock, valued at approximately $984,551.96. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Diebold Nixdorf news, EVP Frank Tobias Baur acquired 1,150 shares of the company’s stock in a transaction on Tuesday, August 27th. The shares were bought at an average cost of $40.58 per share, for a total transaction of $46,667.00. Following the acquisition, the executive vice president now directly owns 24,262 shares of the company’s stock, valued at $984,551.96. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Octavio Marquez bought 1,100 shares of the firm’s stock in a transaction dated Friday, August 9th. The stock was purchased at an average price of $37.34 per share, with a total value of $41,074.00. Following the transaction, the chief executive officer now owns 135,774 shares in the company, valued at approximately $5,069,801.16. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders have bought 3,650 shares of company stock valued at $141,935 in the last three months. Corporate insiders own 0.04% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. StockNews.com lowered Diebold Nixdorf from a “buy” rating to a “hold” rating in a research note on Friday. Wedbush reaffirmed an “outperform” rating and set a $50.00 price objective on shares of Diebold Nixdorf in a research note on Thursday, September 12th. Finally, DA Davidson increased their price objective on Diebold Nixdorf from $55.00 to $65.00 and gave the company a “buy” rating in a research note on Friday, August 9th.

Diebold Nixdorf 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.