Hsbc Holdings PLC Acquires New Shares in Diebold Nixdorf, Incorporated (NYSE:DBD)

Hsbc Holdings PLC purchased a new position in Diebold Nixdorf, Incorporated (NYSE:DBD) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 8,745 shares of the technology company’s stock, valued at approximately $337,000.

A number of other hedge funds have also recently made changes to their positions in the company. Amalgamated Bank bought a new stake in Diebold Nixdorf in the second quarter valued at approximately $34,000. Renaissance Technologies LLC lifted its position in Diebold Nixdorf by 233.4% during the 2nd quarter. Renaissance Technologies LLC now owns 249,700 shares of the technology company’s stock valued at $9,608,000 after acquiring an additional 174,800 shares during the period. Dimensional Fund Advisors LP grew its holdings in Diebold Nixdorf by 89.9% in the second quarter. Dimensional Fund Advisors LP now owns 418,549 shares of the technology company’s stock worth $16,103,000 after purchasing an additional 198,177 shares during the period. William Blair Investment Management LLC bought a new position in shares of Diebold Nixdorf during the second quarter valued at approximately $12,849,000. Finally, Cornercap Investment Counsel Inc. purchased a new position in shares of Diebold Nixdorf during the second quarter valued at approximately $492,000. 97.04% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Diebold Nixdorf Stock Down 2.4 %

DBD opened at $42.29 on Thursday. Diebold Nixdorf, Incorporated has a 1-year low of $17.38 and a 1-year high of $47.73. The firm’s 50 day simple moving average is $41.46 and its two-hundred day simple moving average is $39.51. The company has a current ratio of 1.42, a quick ratio of 0.95 and a debt-to-equity ratio of 1.09. The company has a market capitalization of $1.59 billion and a PE ratio of 7.25.

Diebold Nixdorf (NYSE:DBD) last released its quarterly earnings results on Wednesday, August 7th. The technology company reported $1.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.11 by $0.05. The business had revenue of $939.70 million during 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%. As a group, equities analysts forecast that Diebold Nixdorf, Incorporated will post 5.3 EPS for the current year.

Insider Buying and Selling

In related news, CEO Octavio Marquez bought 1,100 shares of the stock in a transaction dated Friday, August 9th. The shares were purchased at an average price of $37.34 per share, with a total value of $41,074.00. Following the completion of the acquisition, the chief executive officer now owns 135,774 shares of the company’s stock, valued at $5,069,801.16. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, CEO Octavio Marquez acquired 1,100 shares of the firm’s stock in a transaction dated Friday, August 9th. The shares were acquired 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 of the company’s stock, valued at $5,069,801.16. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Thomas S. Timko purchased 1,400 shares of the firm’s stock in a transaction that occurred on Friday, August 9th. The shares were acquired at an average cost of $38.71 per share, for a total transaction of $54,194.00. Following the purchase, the chief financial officer now owns 48,219 shares of the company’s stock, valued at $1,866,557.49. The disclosure for this purchase can be found here. In the last quarter, insiders bought 3,650 shares of company stock valued at $141,935. Company insiders own 0.04% of the company’s stock.

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.