Diebold Nixdorf, Incorporated $DBD Position Trimmed by Skylands Capital LLC

Skylands Capital LLC trimmed its position in Diebold Nixdorf, Incorporated (NYSE:DBD) by 8.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 486,520 shares of the technology company’s stock after selling 46,780 shares during the period. Diebold Nixdorf comprises about 3.8% of Skylands Capital LLC’s portfolio, making the stock its 4th largest holding. Skylands Capital LLC owned approximately 1.33% of Diebold Nixdorf worth $27,746,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. William Blair Investment Management LLC increased its position in shares of Diebold Nixdorf by 9.5% during the second quarter. William Blair Investment Management LLC now owns 1,622,642 shares of the technology company’s stock worth $89,894,000 after purchasing an additional 140,290 shares in the last quarter. American Century Companies Inc. grew its holdings in shares of Diebold Nixdorf by 364.5% during the second quarter. American Century Companies Inc. now owns 289,029 shares of the technology company’s stock worth $16,012,000 after buying an additional 226,810 shares in the last quarter. Marshall Wace LLP raised its position in shares of Diebold Nixdorf by 75.2% in the second quarter. Marshall Wace LLP now owns 159,632 shares of the technology company’s stock valued at $8,844,000 after buying an additional 68,503 shares during the last quarter. Bank of America Corp DE lifted its stake in shares of Diebold Nixdorf by 10.7% in the second quarter. Bank of America Corp DE now owns 96,425 shares of the technology company’s stock worth $5,342,000 after buying an additional 9,326 shares in the last quarter. Finally, Jane Street Group LLC lifted its stake in shares of Diebold Nixdorf by 78.9% in the second quarter. Jane Street Group LLC now owns 74,935 shares of the technology company’s stock worth $4,151,000 after buying an additional 33,044 shares in the last quarter. Institutional investors and hedge funds own 97.04% of the company’s stock.

Insider Buying and Selling

In other Diebold Nixdorf news, major shareholder Millstreet Capital Management sold 500,000 shares of the stock in a transaction dated Thursday, January 15th. The shares were sold at an average price of $68.00, for a total transaction of $34,000,000.00. Following the completion of the transaction, the insider owned 5,216,672 shares of the company’s stock, valued at $354,733,696. This trade represents a 8.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.26% of the stock is owned by insiders.

Diebold Nixdorf Stock Up 1.6%

DBD stock opened at $72.09 on Wednesday. Diebold Nixdorf, Incorporated has a one year low of $34.88 and a one year high of $72.70. The firm has a market cap of $2.59 billion, a PE ratio of 52.62 and a beta of 1.55. The firm’s 50 day moving average price is $68.41 and its 200-day moving average price is $62.88. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.89 and a current ratio of 1.36.

Diebold Nixdorf declared that its board has authorized a share buyback program on Wednesday, November 5th that authorizes the company to buyback $200.00 million in shares. This buyback authorization authorizes the technology company to buy up to 8.7% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board believes its stock is undervalued.

Analysts Set New Price Targets

Several analysts recently issued reports on DBD shares. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Diebold Nixdorf in a research note on Monday, December 29th. Wedbush restated an “outperform” rating and issued a $80.00 price target on shares of Diebold Nixdorf in a research report on Monday. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, Diebold Nixdorf presently has a consensus rating of “Buy” and an average target price of $80.00.

About Diebold Nixdorf

Diebold Nixdorf, Inc (NYSE: DBD) is a leading global provider of connected commerce solutions, specializing in automated teller machines (ATMs), point-of-sale (POS) systems and related software and services for the banking and retail industries. The company’s core offerings include hardware platforms, software applications for transaction management and advanced analytics tools that enable financial institutions and retailers to enhance customer engagement, streamline operations and improve security at the point of transaction.