Smith Graham & Co. Investment Advisors LP reduced its position in shares of Diebold Nixdorf Inc (NYSE:DBD) by 1.9% in the 2nd quarter, Holdings Channel.com reports. The firm owned 1,291,859 shares of the technology company’s stock after selling 25,646 shares during the quarter. Diebold Nixdorf makes up 1.3% of Smith Graham & Co. Investment Advisors LP’s portfolio, making the stock its 8th biggest holding. Smith Graham & Co. Investment Advisors LP’s holdings in Diebold Nixdorf were worth $11,833,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also recently added to or reduced their stakes in DBD. Strs Ohio purchased a new position in Diebold Nixdorf in the 2nd quarter valued at about $351,000. Campbell & CO Investment Adviser LLC purchased a new position in Diebold Nixdorf in the 2nd quarter valued at about $660,000. Neuberger Berman Group LLC lifted its holdings in Diebold Nixdorf by 43.3% in the 1st quarter. Neuberger Berman Group LLC now owns 2,141,146 shares of the technology company’s stock valued at $23,680,000 after purchasing an additional 647,099 shares in the last quarter. Magnus Financial Group LLC lifted its holdings in Diebold Nixdorf by 5.2% in the 1st quarter. Magnus Financial Group LLC now owns 25,281 shares of the technology company’s stock valued at $280,000 after purchasing an additional 1,254 shares in the last quarter. Finally, Shell Asset Management Co. purchased a new position in Diebold Nixdorf in the 1st quarter valued at about $291,000. Hedge funds and other institutional investors own 87.92% of the company’s stock.
Several research analysts have recently weighed in on DBD shares. ValuEngine upgraded shares of Diebold Nixdorf from a “buy” rating to a “strong-buy” rating in a report on Friday, July 26th. Zacks Investment Research upgraded shares of Diebold Nixdorf from a “hold” rating to a “buy” rating and set a $11.00 price objective on the stock in a report on Tuesday, July 23rd. Finally, DA Davidson set a $17.00 price objective on shares of Diebold Nixdorf and gave the stock a “buy” rating in a report on Friday, July 26th.
Shares of DBD stock traded up $0.02 during trading hours on Friday, hitting $14.20. 1,231,984 shares of the company were exchanged, compared to its average volume of 1,448,236. Diebold Nixdorf Inc has a 1 year low of $2.41 and a 1 year high of $14.66. The business’s fifty day moving average price is $10.70.
Diebold Nixdorf (NYSE:DBD) last announced its quarterly earnings data on Thursday, July 25th. The technology company reported $0.06 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.15) by $0.21. The business had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.06 billion. Diebold Nixdorf had a negative net margin of 11.32% and a negative return on equity of 53.21%. The company’s revenue was up 8.5% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.21) EPS. As a group, equities analysts expect that Diebold Nixdorf Inc will post 0.14 earnings per share for the current year.
Diebold Nixdorf Profile
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 through two segments, Banking and Retail. The Banking segment offers cash recyclers and dispensers, intelligent deposit terminals, teller automation tools, and kiosk technologies, as well as physical security solutions; and front-end applications for consumer connection points and back-end platforms that manage channel transactions, operations and integration and facilitate omnichannel transactions, endpoint monitoring, remote asset management, customer marketing, merchandise management, and analytics.
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