Diebold Nixdorf, Incorporated (NYSE:DBD) Sees Large Drop in Short Interest

Diebold Nixdorf, Incorporated (NYSE:DBD) saw a large drop in short interest in October. As of October 15th, there was short interest totalling 1,600,000 shares, a drop of 7.5% from the September 30th total of 1,730,000 shares. Based on an average daily volume of 149,400 shares, the short-interest ratio is presently 10.7 days. Currently, 4.3% of the company’s stock are sold short.

Insider Buying and Selling

In other Diebold Nixdorf news, CEO Octavio Marquez acquired 1,100 shares of the stock in a transaction on Friday, August 9th. The shares were purchased at an average price of $37.34 per share, for a total transaction of $41,074.00. Following the completion of the acquisition, 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 acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, CFO Thomas S. Timko bought 1,400 shares of the business’s stock in a transaction that occurred on Friday, August 9th. The shares were bought at an average price of $38.71 per share, with a total value of $54,194.00. Following the completion of the transaction, the chief financial officer now directly owns 48,219 shares in the company, valued at approximately $1,866,557.49. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Octavio Marquez purchased 1,100 shares of the stock in a transaction that occurred on Friday, August 9th. The stock was bought at an average cost of $37.34 per share, with a total value of $41,074.00. Following the completion of the transaction, the chief executive officer now directly owns 135,774 shares in the company, valued at $5,069,801.16. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders have bought a total of 3,650 shares of company stock worth $141,935 in the last ninety days. Corporate insiders own 0.04% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. William Blair Investment Management LLC purchased a new stake in Diebold Nixdorf during the second quarter valued at about $12,849,000. Dimensional Fund Advisors LP lifted its stake in shares of Diebold Nixdorf by 89.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 418,549 shares of the technology company’s stock valued at $16,103,000 after buying an additional 198,177 shares in the last quarter. Renaissance Technologies LLC grew its stake in Diebold Nixdorf by 233.4% in the 2nd 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. Allspring Global Investments Holdings LLC grew its stake in Diebold Nixdorf by 16.0% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 682,939 shares of the technology company’s stock valued at $23,520,000 after buying an additional 94,421 shares in the last quarter. Finally, Bank of New York Mellon Corp bought a new stake in Diebold Nixdorf during the 2nd quarter valued at $3,243,000. Institutional investors own 97.04% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on DBD. Wedbush reissued an “outperform” rating and set a $50.00 price target on shares of Diebold Nixdorf in a research report on Thursday, September 12th. StockNews.com lowered shares of Diebold Nixdorf from a “buy” rating to a “hold” rating in a research note on Friday, October 11th. Finally, DA Davidson boosted their target price on Diebold Nixdorf from $55.00 to $65.00 and gave the stock a “buy” rating in a research note on Friday, August 9th.

Diebold Nixdorf Stock Performance

Shares of NYSE DBD traded down $1.26 during mid-day trading on Thursday, reaching $46.29. 208,270 shares of the company’s stock were exchanged, compared to its average volume of 181,672. The firm has a market capitalization of $1.74 billion, a price-to-earnings ratio of 8.16 and a beta of 2.18. The firm has a 50-day moving average price of $43.76 and a two-hundred day moving average price of $41.10. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.42 and a quick ratio of 0.95. Diebold Nixdorf has a 52 week low of $17.97 and a 52 week high of $47.73.

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 the consensus estimate of $1.11 by $0.05. Diebold Nixdorf had a net margin of 56.28% and a return on equity of 226.25%. The company had revenue of $939.70 million during the quarter, compared to analyst estimates of $899.30 million. Analysts predict that Diebold Nixdorf will post 5.3 EPS for the current year.

About Diebold Nixdorf

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.