SG Americas Securities LLC Has $1.11 Million Stock Position in Diebold Nixdorf, Incorporated $DBD

SG Americas Securities LLC lifted its stake in shares of Diebold Nixdorf, Incorporated (NYSE:DBD) by 272.2% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 19,419 shares of the technology company’s stock after purchasing an additional 14,201 shares during the quarter. SG Americas Securities LLC’s holdings in Diebold Nixdorf were worth $1,107,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Tower Research Capital LLC TRC grew its position in Diebold Nixdorf by 881.2% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,945 shares of the technology company’s stock worth $274,000 after acquiring an additional 4,441 shares during the last quarter. Lazard Asset Management LLC grew its holdings in shares of Diebold Nixdorf by 1.0% during the second quarter. Lazard Asset Management LLC now owns 31,421 shares of the technology company’s stock worth $1,740,000 after purchasing an additional 322 shares during the last quarter. Engineers Gate Manager LP acquired a new position in shares of Diebold Nixdorf in the second quarter valued at approximately $429,000. Bank of America Corp DE raised its holdings in Diebold Nixdorf by 10.7% in the 2nd quarter. Bank of America Corp DE now owns 96,425 shares of the technology company’s stock valued at $5,342,000 after buying an additional 9,326 shares during the last quarter. Finally, Jane Street Group LLC boosted its position in Diebold Nixdorf by 78.9% during the 2nd quarter. Jane Street Group LLC now owns 74,935 shares of the technology company’s stock worth $4,151,000 after buying an additional 33,044 shares during the period. Institutional investors and hedge funds own 97.04% of the company’s stock.

Analyst Ratings Changes

DBD has been the subject of several recent research reports. Wedbush restated an “outperform” rating and issued a $80.00 price target on shares of Diebold Nixdorf in a research report on Tuesday, November 18th. Wall Street Zen raised shares of Diebold Nixdorf from a “buy” rating to a “strong-buy” rating in a research note on Saturday, October 11th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Diebold Nixdorf in a research report on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $80.00.

Diebold Nixdorf Trading Down 0.4%

DBD opened at $69.92 on Friday. Diebold Nixdorf, Incorporated has a twelve month low of $34.88 and a twelve month high of $72.29. The company has a fifty day moving average of $66.28 and a 200-day moving average of $61.53. The stock has a market cap of $2.51 billion, a PE ratio of 51.04 and a beta of 1.55. The company has a quick ratio of 0.89, a current ratio of 1.36 and a debt-to-equity ratio of 0.84.

Diebold Nixdorf (NYSE:DBD) last issued its quarterly earnings results on Wednesday, November 5th. The technology company reported $1.39 EPS for the quarter, beating analysts’ consensus estimates of $0.66 by $0.73. Diebold Nixdorf had a net margin of 1.37% and a return on equity of 10.89%. The business had revenue of $945.20 million for the quarter, compared to analysts’ expectations of $947.43 million. On average, sell-side analysts predict that Diebold Nixdorf, Incorporated will post 4.59 EPS for the current year.

Diebold Nixdorf declared that its board has initiated a share repurchase program on Wednesday, November 5th that allows the company to buyback $200.00 million in outstanding shares. This buyback authorization allows the technology company to repurchase up to 8.7% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board believes its shares are undervalued.

Diebold Nixdorf Company Profile

Diebold Nixdorf, Inc (NYSE: DBD) is a leading global provider of connected commerce solutions, specializing in automated teller machines (ATMs), point-of-sale (POS) systems and related software and services for the banking and retail industries. The company’s core offerings include hardware platforms, software applications for transaction management and advanced analytics tools that enable financial institutions and retailers to enhance customer engagement, streamline operations and improve security at the point of transaction.