Hein Park Capital Management LP Reduces Holdings in Diebold Nixdorf, Incorporated $DBD

Hein Park Capital Management LP lowered its stake in Diebold Nixdorf, Incorporated (NYSE:DBD) by 37.4% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 1,268,461 shares of the technology company’s stock after selling 759,219 shares during the quarter. Diebold Nixdorf makes up 51.6% of Hein Park Capital Management LP’s portfolio, making the stock its biggest position. Hein Park Capital Management LP’s holdings in Diebold Nixdorf were worth $70,273,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in DBD. Engineers Gate Manager LP purchased a new position in Diebold Nixdorf during the second quarter valued at $429,000. Bank of America Corp DE increased its holdings in shares of Diebold Nixdorf by 10.7% during the second quarter. Bank of America Corp DE now owns 96,425 shares of the technology company’s stock valued at $5,342,000 after acquiring an additional 9,326 shares in the last quarter. Jane Street Group LLC raised its position in shares of Diebold Nixdorf by 78.9% in the 2nd quarter. Jane Street Group LLC now owns 74,935 shares of the technology company’s stock worth $4,151,000 after purchasing an additional 33,044 shares during the last quarter. Raymond James Financial Inc. bought a new position in Diebold Nixdorf in the 2nd quarter worth about $105,000. Finally, Quantinno Capital Management LP purchased a new stake in Diebold Nixdorf during the 2nd quarter valued at about $747,000. Hedge funds and other institutional investors own 97.04% of the company’s stock.

Wall Street Analysts Forecast Growth

DBD has been the subject of several recent analyst reports. DA Davidson reaffirmed a “buy” rating and issued a $80.00 target price on shares of Diebold Nixdorf in a report on Tuesday, August 19th. Wedbush restated an “outperform” rating and issued a $80.00 price objective on shares of Diebold Nixdorf in a report on Tuesday, November 18th. Wall Street Zen raised Diebold Nixdorf from a “buy” rating to a “strong-buy” rating in a research report on Saturday, October 11th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Diebold Nixdorf in a report on Monday. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $80.00.

Insider Activity at Diebold Nixdorf

In related news, major shareholder Millstreet Capital Management sold 38,963 shares of the company’s stock in a transaction on Thursday, September 18th. The stock was sold at an average price of $60.08, for a total transaction of $2,340,897.04. Following the completion of the sale, the insider owned 5,968,398 shares in the company, valued at approximately $358,581,351.84. This represents a 0.65% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.26% of the stock is owned by insiders.

Diebold Nixdorf Stock Up 0.0%

DBD opened at $67.66 on Friday. The stock has a market capitalization of $2.43 billion, a price-to-earnings ratio of 49.38 and a beta of 1.56. The firm has a 50 day moving average price of $61.44 and a 200-day moving average price of $58.57. Diebold Nixdorf, Incorporated has a twelve month low of $34.88 and a twelve month high of $68.59. The company has a quick ratio of 0.89, a current ratio of 1.36 and a debt-to-equity ratio of 0.84.

Diebold Nixdorf (NYSE:DBD) last issued its earnings results on Wednesday, November 5th. The technology company reported $1.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.66 by $0.73. The company had revenue of $945.20 million for the quarter, compared to analysts’ expectations of $947.43 million. Diebold Nixdorf had a net margin of 1.37% and a return on equity of 10.89%. Equities research analysts forecast that Diebold Nixdorf, Incorporated will post 4.59 earnings per share for the current year.

Diebold Nixdorf declared that its Board of Directors has initiated a stock repurchase program on Wednesday, November 5th that permits the company to repurchase $200.00 million in outstanding shares. This repurchase authorization permits the technology company to repurchase up to 8.7% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s board believes its stock is undervalued.

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.