Trexquant Investment LP lowered its stake in shares of Diebold Nixdorf Inc (NYSE:DBD) by 41.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,328 shares of the technology company’s stock after selling 8,172 shares during the quarter. Trexquant Investment LP’s holdings in Diebold Nixdorf were worth $259,000 at the end of the most recent reporting period.
Other large investors also recently added to or reduced their stakes in the company. Kopernik Global Investors LLC acquired a new position in Diebold Nixdorf during the 3rd quarter worth $468,000. Virginia Retirement Systems ET AL acquired a new stake in shares of Diebold Nixdorf in the third quarter valued at $548,000. Legal & General Group Plc lifted its holdings in shares of Diebold Nixdorf by 11.9% in the third quarter. Legal & General Group Plc now owns 109,505 shares of the technology company’s stock valued at $2,502,000 after buying an additional 11,629 shares during the period. Three Peaks Capital Management LLC acquired a new stake in shares of Diebold Nixdorf in the third quarter valued at $3,492,000. Finally, American International Group Inc. lifted its holdings in shares of Diebold Nixdorf by 2.8% in the third quarter. American International Group Inc. now owns 205,170 shares of the technology company’s stock valued at $4,688,000 after buying an additional 5,567 shares during the period.
Several analysts have recently weighed in on DBD shares. Lake Street Capital lowered Diebold Nixdorf from a “buy” rating to a “hold” rating and cut their price objective for the company from $30.00 to $23.00 in a report on Tuesday, October 31st. KeyCorp restated a “hold” rating on shares of Diebold Nixdorf in a report on Friday, October 20th. Imperial Capital set a $24.00 price objective on Diebold Nixdorf and gave the company a “hold” rating in a report on Tuesday, October 17th. Zacks Investment Research raised Diebold Nixdorf from a “sell” rating to a “hold” rating in a research report on Tuesday, September 19th. Finally, J P Morgan Chase & Co cut their target price on Diebold Nixdorf from $31.00 to $29.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 1st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the stock. Diebold Nixdorf presently has a consensus rating of “Hold” and an average target price of $26.75.
Diebold Nixdorf Inc (NYSE:DBD) opened at $18.25 on Friday. The firm has a market capitalization of $1,378.50, a price-to-earnings ratio of 17.22 and a beta of 1.92. Diebold Nixdorf Inc has a 52-week low of $16.00 and a 52-week high of $31.85. The company has a current ratio of 1.47, a quick ratio of 1.01 and a debt-to-equity ratio of 3.00.
Diebold Nixdorf (NYSE:DBD) last posted its quarterly earnings results on Tuesday, October 31st. The technology company reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.40. The firm had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.17 billion. Diebold Nixdorf had a positive return on equity of 11.39% and a negative net margin of 4.40%. Diebold Nixdorf’s quarterly revenue was up 14.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.34 earnings per share. equities analysts predict that Diebold Nixdorf Inc will post 1.09 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Friday, November 17th will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 2.19%. The ex-dividend date of this dividend is Thursday, November 16th. Diebold Nixdorf’s payout ratio is -14.81%.
About Diebold Nixdorf
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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