Diebold Nixdorf, Incorporated $DBD Stock: Prescott Group Capital Management L.L.C. Cuts Position

Prescott Group Capital Management L.L.C. lowered its stake in shares of Diebold Nixdorf, Incorporated (NYSE:DBD) by 29.2% in the third quarter, HoldingsChannel reports. The institutional investor owned 217,904 shares of the technology company’s stock after selling 89,987 shares during the period. Diebold Nixdorf accounts for about 1.2% of Prescott Group Capital Management L.L.C.’s holdings, making the stock its 14th biggest position. Prescott Group Capital Management L.L.C.’s holdings in Diebold Nixdorf were worth $13,340,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Dimensional Fund Advisors LP increased its stake in shares of Diebold Nixdorf by 16.8% in the first quarter. Dimensional Fund Advisors LP now owns 1,148,962 shares of the technology company’s stock worth $86,672,000 after acquiring an additional 165,324 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its position in Diebold Nixdorf by 20.6% during the first quarter. Arrowstreet Capital Limited Partnership now owns 519,201 shares of the technology company’s stock valued at $39,169,000 after purchasing an additional 88,534 shares during the last quarter. Skylands Capital LLC boosted its position in Diebold Nixdorf by 13.3% during the third quarter. Skylands Capital LLC now owns 531,510 shares of the technology company’s stock valued at $32,539,000 after purchasing an additional 62,325 shares during the last quarter. Bank of New York Mellon Corp purchased a new position in Diebold Nixdorf in the second quarter valued at about $14,740,000. Finally, Hennessy Advisors Inc. purchased a new position in Diebold Nixdorf in the second quarter valued at about $10,857,000. 97.04% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Wedbush dropped their target price on Diebold Nixdorf from $100.00 to $90.00 and set an “outperform” rating on the stock in a research report on Thursday, October 29th. Zacks Research cut Diebold Nixdorf from a “hold” rating to a “strong sell” rating in a research note on Friday, October 30th. Wall Street Zen downgraded Diebold Nixdorf from a “strong-buy” rating to a “hold” rating in a report on Saturday, August 1st. DA Davidson reaffirmed a “buy” rating and set a $100.00 price objective on shares of Diebold Nixdorf in a research report on Tuesday, October 27th. Finally, Weiss Ratings cut shares of Diebold Nixdorf from a “buy (b-)” rating to a “hold (c)” rating in a research note on Thursday, October 29th. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $95.00.

Diebold Nixdorf Stock Down 0.0%

DBD opened at $56.02 on Wednesday. The firm has a market cap of $1.88 billion, a P/E ratio of 9.14 and a beta of 1.25. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.84 and a current ratio of 1.27. The business has a 50 day moving average price of $64.65 and a 200 day moving average price of $74.77. Diebold Nixdorf, Incorporated has a twelve month low of $52.87 and a twelve month high of $92.08.

Diebold Nixdorf (NYSE:DBD) last announced its quarterly earnings results on Wednesday, October 28th. The technology company reported $1.34 EPS for the quarter, beating 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 company 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 initiated a share repurchase plan on Wednesday, October 28th that permits the company to buy back $250 million in shares. This repurchase authorization permits the technology company to purchase up to 12.7% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.

Diebold Nixdorf Company Profile

Diebold Nixdorf, Incorporated provides technology, software and services for the banking and retail industries. Its portfolio includes automated teller machines (ATMs), cash-management systems, self-service kiosks, branch-automation solutions and software designed to support transactions, payments and customer interactions.

For retailers, the company offers point-of-sale systems, self-checkout solutions, payment technologies, software and related services. Diebold Nixdorf also provides professional services, maintenance, monitoring and managed services to help financial institutions and retailers operate and modernize their in-person and self-service channels.

The company traces its history to Diebold, founded in 1859, and Wincor Nixdorf, which was established in Germany in 1952.