Wells Fargo & Company MN Trims Position in Diebold Nixdorf Inc (DBD)

Wells Fargo & Company MN lowered its position in shares of Diebold Nixdorf Inc (NYSE:DBD) by 85.1% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 277,468 shares of the technology company’s stock after selling 1,586,798 shares during the period. Wells Fargo & Company MN’s holdings in Diebold Nixdorf were worth $1,249,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Brave Asset Management Inc. bought a new stake in shares of Diebold Nixdorf in the 3rd quarter valued at about $128,000. NJ State Employees Deferred Compensation Plan bought a new stake in shares of Diebold Nixdorf in the 3rd quarter valued at about $243,000. BB&T Securities LLC grew its position in shares of Diebold Nixdorf by 36.9% in the 2nd quarter. BB&T Securities LLC now owns 62,435 shares of the technology company’s stock valued at $746,000 after buying an additional 16,838 shares during the last quarter. First Trust Advisors LP grew its position in shares of Diebold Nixdorf by 110.5% in the 2nd quarter. First Trust Advisors LP now owns 78,063 shares of the technology company’s stock valued at $933,000 after buying an additional 40,981 shares during the last quarter. Finally, Great West Life Assurance Co. Can grew its position in shares of Diebold Nixdorf by 125.9% in the 2nd quarter. Great West Life Assurance Co. Can now owns 98,431 shares of the technology company’s stock valued at $1,176,000 after buying an additional 54,867 shares during the last quarter.

Shares of Diebold Nixdorf stock opened at $4.00 on Friday. Diebold Nixdorf Inc has a one year low of $2.41 and a one year high of $19.05. The company has a debt-to-equity ratio of 102.95, a quick ratio of 1.01 and a current ratio of 1.55. The stock has a market cap of $285.47 million, a P/E ratio of 3.54 and a beta of 1.70.

Diebold Nixdorf (NYSE:DBD) last announced its earnings results on Wednesday, October 31st. The technology company reported ($0.61) EPS for the quarter, missing the consensus estimate of ($0.12) by ($0.49). Diebold Nixdorf had a negative net margin of 11.68% and a negative return on equity of 13.35%. The business had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.10 billion. During the same quarter in the previous year, the company earned $0.58 EPS. The firm’s revenue for the quarter was down 2.0% on a year-over-year basis. Equities research analysts expect that Diebold Nixdorf Inc will post -0.94 earnings per share for the current fiscal year.

DBD has been the topic of several research analyst reports. ValuEngine lowered Diebold Nixdorf from a “buy” rating to a “hold” rating in a research report on Thursday, November 1st. Zacks Investment Research lowered Diebold Nixdorf from a “hold” rating to a “sell” rating in a research report on Monday, October 8th. Finally, DA Davidson upgraded Diebold Nixdorf from a “neutral” rating to a “buy” rating and set a $5.00 target price on the stock in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. Diebold Nixdorf presently has a consensus rating of “Hold” and an average target price of $10.25.

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About Diebold Nixdorf

Diebold Nixdorf, Incorporated provides connected commerce solutions to financial institutions and retailers in North America, the Asia Pacific, Europe, the Middle East, Africa, and Latin America. The company operates in three segments: Services, Software, and Systems. The Services segment provides product-related services, such as first and second line maintenance, preventive maintenance, and on-demand services; and managed and outsourcing services, including store lifecycle management, self-service fleet management, branch lifecycle management, automated teller machine (ATM) as-a-service, and managed mobility services, as well as cash management services.

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Institutional Ownership by Quarter for Diebold Nixdorf (NYSE:DBD)

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