Diebold Nixdorf, Incorporated $DBD Stock Sold by Fidelity National Financial Inc.

Fidelity National Financial Inc. decreased its position in shares of Diebold Nixdorf, Incorporated (NYSE:DBD) by 51.6% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 49,759 shares of the technology company’s stock after selling 53,067 shares during the period. Diebold Nixdorf accounts for 0.1% of Fidelity National Financial Inc.’s holdings, making the stock its 29th biggest position. Fidelity National Financial Inc. owned 0.15% of Diebold Nixdorf worth $3,046,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of DBD. Bank of America Corp DE boosted its position in shares of Diebold Nixdorf by 15.8% in the 1st quarter. Bank of America Corp DE now owns 122,840 shares of the technology company’s stock worth $9,267,000 after purchasing an additional 16,751 shares in the last quarter. WINTON GROUP Ltd purchased a new position in Diebold Nixdorf during the 2nd quarter worth $1,516,000. Hennessy Advisors Inc. acquired a new position in Diebold Nixdorf during the 2nd quarter valued at about $10,857,000. Ancora Advisors LLC acquired a new position in Diebold Nixdorf during the 2nd quarter valued at about $2,651,000. Finally, Bank of New York Mellon Corp acquired a new position in Diebold Nixdorf during the 2nd quarter valued at about $14,740,000. 97.04% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

DBD has been the subject of a number of research analyst reports. Wall Street Zen cut Diebold Nixdorf from a “strong-buy” rating to a “hold” rating in a research note on Saturday, August 1st. Wedbush dropped their price target on Diebold Nixdorf from $100.00 to $90.00 and set an “outperform” rating on the stock in a research note on Thursday, October 29th. Zacks Research downgraded shares of Diebold Nixdorf from a “hold” rating to a “strong sell” rating in a report on Friday, October 30th. 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. Finally, DA Davidson reaffirmed a “buy” rating and issued a $80.00 price objective on shares of Diebold Nixdorf in a research report on Thursday. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $85.00.

Diebold Nixdorf Price Performance

NYSE DBD opened at $54.99 on Friday. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.27 and a quick ratio of 0.84. The stock’s fifty day moving average price is $63.01 and its 200 day moving average price is $74.28. Diebold Nixdorf, Incorporated has a 1 year low of $52.87 and a 1 year high of $92.08. The company has a market cap of $1.85 billion, a price-to-earnings ratio of 8.93 and a beta of 1.25.

Diebold Nixdorf (NYSE:DBD) last issued its quarterly earnings results on Wednesday, October 28th. The technology company reported $1.34 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $971.70 million. As a group, equities research analysts forecast that Diebold Nixdorf, Incorporated will post 4.66 earnings per share for the current year.

Diebold Nixdorf announced that its board has approved a share buyback program on Wednesday, October 28th that permits the company to repurchase $250 million in outstanding shares. This buyback authorization permits the technology company to repurchase up to 12.7% of its shares through open market purchases. Share buyback programs are typically an indication that the company’s management believes its shares are undervalued.

Diebold Nixdorf Company Profile

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.