Granite Springs Asset Management LLC bought a new position in Diebold Nixdorf Inc (NYSE:DBD) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 14,990 shares of the technology company’s stock, valued at approximately $245,000.
A number of other institutional investors and hedge funds have also modified their holdings of DBD. Pzena Investment Management LLC purchased a new position in Diebold Nixdorf in the third quarter valued at about $42,254,000. Kopernik Global Investors LLC boosted its holdings in Diebold Nixdorf by 7,449.2% in the fourth quarter. Kopernik Global Investors LLC now owns 1,544,862 shares of the technology company’s stock valued at $25,259,000 after purchasing an additional 1,524,398 shares during the last quarter. Neuberger Berman Group LLC boosted its holdings in Diebold Nixdorf by 1,648.3% in the third quarter. Neuberger Berman Group LLC now owns 655,605 shares of the technology company’s stock valued at $14,981,000 after purchasing an additional 618,105 shares during the last quarter. Smith Graham & Co. Investment Advisors LP purchased a new position in Diebold Nixdorf in the fourth quarter valued at about $9,723,000. Finally, Atlantic Investment Management Inc. boosted its holdings in Diebold Nixdorf by 8.0% in the third quarter. Atlantic Investment Management Inc. now owns 6,481,819 shares of the technology company’s stock valued at $148,110,000 after purchasing an additional 481,819 shares during the last quarter.
Shares of Diebold Nixdorf Inc (NYSE:DBD) opened at $17.55 on Friday. Diebold Nixdorf Inc has a one year low of $12.90 and a one year high of $31.00. The stock has a market capitalization of $1,306.17, a P/E ratio of -5.68, a price-to-earnings-growth ratio of 4.93 and a beta of 2.11. The company has a current ratio of 1.39, a quick ratio of 0.98 and a debt-to-equity ratio of 3.53.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 16th. Shareholders of record on Monday, February 26th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 2.28%. The ex-dividend date of this dividend is Friday, February 23rd. Diebold Nixdorf’s payout ratio is currently -12.94%.
DBD has been the subject of a number of analyst reports. Zacks Investment Research downgraded Diebold Nixdorf from a “hold” rating to a “sell” rating in a report on Monday, January 29th. JPMorgan Chase & Co. set a $21.00 price target on Diebold Nixdorf and gave the company a “buy” rating in a report on Monday, February 12th. DA Davidson initiated coverage on Diebold Nixdorf in a report on Wednesday, February 7th. They issued a “neutral” rating and a $19.00 price target for the company. Lake Street Capital raised Diebold Nixdorf from a “hold” rating to a “buy” rating and set a $23.00 price target for the company in a report on Tuesday, February 13th. Finally, Imperial Capital reissued a “hold” rating on shares of Diebold Nixdorf in a report on Wednesday, December 13th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $20.80.
In other news, CFO Christopher A. Chapman acquired 3,000 shares of the business’s stock in a transaction on Wednesday, February 28th. The shares were purchased at an average price of $16.05 per share, for a total transaction of $48,150.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Gale S. Fitzgerald acquired 4,000 shares of the business’s stock in a transaction on Friday, December 15th. The shares were purchased at an average price of $16.74 per share, for a total transaction of $66,960.00. Following the purchase, the director now directly owns 51,603 shares of the company’s stock, valued at $863,834.22. The disclosure for this purchase can be found here. Corporate insiders own 1.37% of the company’s stock.
Diebold Nixdorf Profile
Diebold Nixdorf, Incorporated provides connected commerce services, software and technology. The Company’s geographic segments include North America (NA), Asia Pacific (AP), Europe, Middle East and Africa (EMEA), and Latin America (LA). These segments sell and service financial self-service (FSS), retail solutions and security systems.
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