Diebold Nixdorf, Incorporated $DBD Shares Sold by William Blair Investment Management LLC

William Blair Investment Management LLC lowered its stake in shares of Diebold Nixdorf, Incorporated (NYSE:DBD) by 4.7% during the third quarter, Holdings Channel reports. The fund owned 1,314,379 shares of the technology company’s stock after selling 65,174 shares during the quarter. William Blair Investment Management LLC’s holdings in Diebold Nixdorf were worth $80,466,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Chicago Partners Investment Group LLC increased its position in Diebold Nixdorf by 5.8% during the 1st quarter. Chicago Partners Investment Group LLC now owns 4,112 shares of the technology company’s stock worth $310,000 after purchasing an additional 224 shares in the last quarter. GAMMA Investing LLC lifted its holdings in Diebold Nixdorf by 56.7% in the 2nd quarter. GAMMA Investing LLC now owns 735 shares of the technology company’s stock valued at $62,000 after purchasing an additional 266 shares in the last quarter. Covestor Ltd lifted its holdings in Diebold Nixdorf by 38.4% in the 3rd quarter. Covestor Ltd now owns 980 shares of the technology company’s stock valued at $60,000 after purchasing an additional 272 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new position in Diebold Nixdorf in the 2nd quarter valued at about $33,000. Finally, Fortitude Family Office LLC acquired a new stake in shares of Diebold Nixdorf during the 3rd quarter worth about $28,000. Hedge funds and other institutional investors own 97.04% of the company’s stock.

Diebold Nixdorf Trading Up 0.4%

Shares of NYSE:DBD traded up $0.24 during midday trading on Friday, reaching $54.99. The company’s stock had a trading volume of 340,603 shares, compared to its average volume of 396,293. The firm has a market cap of $1.85 billion, a price-to-earnings ratio of 25.70 and a beta of 1.25. The company has a quick ratio of 0.84, a current ratio of 1.27 and a debt-to-equity ratio of 1.01. Diebold Nixdorf, Incorporated has a 1 year low of $52.87 and a 1 year high of $92.08. The business has a 50 day moving average price of $63.01 and a 200 day moving average price of $74.28.

Diebold Nixdorf (NYSE:DBD) last released its earnings results on Wednesday, October 28th. The technology company reported $1.34 earnings per share for the quarter, topping the consensus estimate of $1.31 by $0.03. Diebold Nixdorf had a return on equity of 21.53% and a net margin of 1.96%. The firm had revenue of $990.90 million for the quarter, compared to the consensus estimate of $971.70 million. Research analysts forecast that Diebold Nixdorf, Incorporated will post 4.66 EPS for the current year.

Diebold Nixdorf declared that its board has approved a share buyback plan on Wednesday, October 28th that authorizes the company to repurchase $250 million in outstanding shares. This buyback authorization authorizes the technology company to reacquire up to 12.7% of its stock through open market purchases. Share buyback plans are usually an indication that the company’s management believes its shares are undervalued.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on DBD shares. Zacks Research downgraded shares of Diebold Nixdorf from a “hold” rating to a “strong sell” rating in a report on Friday, October 30th. Wedbush cut their price objective on shares of Diebold Nixdorf from $100.00 to $90.00 and set an “outperform” rating for the company in a research report on Thursday, October 29th. Wall Street Zen downgraded shares of Diebold Nixdorf from a “strong-buy” rating to a “hold” rating in a research note on Saturday, August 1st. DA Davidson restated a “buy” rating and set a $80.00 target price on shares of Diebold Nixdorf in a research report on Thursday. Finally, Weiss Ratings lowered shares of Diebold Nixdorf from a “buy (b-)” rating to a “hold (c)” rating in a research report on Thursday, October 29th. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $85.00.

About Diebold Nixdorf

Diebold Nixdorf is a global technology company that provides products and services to banks and retailers. Its offerings include ATMs and other self-service banking systems, payment and point-of-sale technology, self-checkout systems, and software for managing transactions and business operations. The company also provides installation, maintenance, managed services, and technology support to help customers operate and update their systems. Its customers include financial institutions and retailers across markets worldwide.