Glendon Capital Management LP Purchases 180,232 Shares of Diebold Nixdorf, Incorporated $DBD
Glendon Capital Management LP increased its stake in Diebold Nixdorf, Incorporated (NYSE:DBD) by 13.7% in Q1, acquiring an additional 180,232 shares, bringing its total to 1,498,282 shares. This investment represents 3.8% of Glendon's portfolio, valued at approximately $65.5 million. Other institutional investors have also increased their holdings in DBD. Analysts have set new price targets, with Wedbush raising it to $70 and DA Davidson maintaining a buy rating at $80. Diebold Nixdorf's stock is currently trading at $61.22, with a market cap of $2.24 billion.
Glendon Capital Management LP raised its position in shares of Diebold Nixdorf, Incorporated (NYSE:DBD - Free Report) by 13.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,498,282 shares of the technology company's stock after purchasing an additional 180,232 shares during the quarter. Diebold Nixdorf accounts for 3.8% of Glendon Capital Management LP's investment portfolio, making the stock its 6th biggest holding. Glendon Capital Management LP owned about 4.02% of Diebold Nixdorf worth $65,505,000 at the end of the most recent quarter.
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Several other institutional investors and hedge funds have also modified their holdings of DBD. Sterling Capital Management LLC grew its holdings in shares of Diebold Nixdorf by 821.6% during the 4th quarter. Sterling Capital Management LLC now owns 811 shares of the technology company's stock valued at $35,000 after acquiring an additional 723 shares in the last quarter. Harbor Capital Advisors Inc. grew its holdings in shares of Diebold Nixdorf by 182.3% during the 1st quarter. Harbor Capital Advisors Inc. now owns 1,434 shares of the technology company's stock valued at $63,000 after acquiring an additional 926 shares in the last quarter. Virtus Investment Advisers Inc. purchased a new position in shares of Diebold Nixdorf during the 4th quarter valued at $82,000. BNP Paribas Financial Markets purchased a new position in shares of Diebold Nixdorf during the 4th quarter valued at $132,000. Finally, ProShare Advisors LLC grew its holdings in shares of Diebold Nixdorf by 49.1% during the 4th quarter. ProShare Advisors LLC now owns 7,119 shares of the technology company's stock valued at $306,000 after acquiring an additional 2,343 shares in the last quarter. 97.04% of the stock is currently owned by hedge funds and other institutional investors.
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Analysts Set New Price Targets
Several equities analysts have recently commented on DBD shares. Wedbush boosted their price target on shares of Diebold Nixdorf from $60.00 to $70.00 and gave the company an "outperform" rating in a report on Thursday, August 7th. DA Davidson restated a "buy" rating and set a $80.00 price target on shares of Diebold Nixdorf in a report on Tuesday. Finally, Wall Street Zen upgraded shares of Diebold Nixdorf from a "hold" rating to a "strong-buy" rating in a report on Saturday, August 9th. One research analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of $75.00.
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Diebold Nixdorf Stock Up 0.9%
Shares of DBD opened at $61.2190 on Friday. The company has a 50-day simple moving average of $57.52 and a 200-day simple moving average of $49.15. The firm has a market capitalization of $2.24 billion, a P/E ratio of -180.05 and a beta of 1.68. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.91 and a current ratio of 1.36. Diebold Nixdorf, Incorporated has a 52 week low of $34.88 and a 52 week high of $62.75.
Diebold Nixdorf (NYSE:DBD - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The technology company reported $0.60 earnings per share for the quarter, missing the consensus estimate of $0.61 by ($0.01). The firm had revenue of $915.20 million for the quarter, compared to analyst estimates of $879.57 million. Diebold Nixdorf had a positive return on equity of 7.92% and a negative net margin of 0.35%. On average, equities research analysts expect that Diebold Nixdorf, Incorporated will post 4.59 earnings per share for the current year.
Diebold Nixdorf announced that its board has authorized a stock buyback program on Wednesday, August 6th that permits the company to buyback $100.00 million in shares. This buyback authorization permits the technology company to reacquire up to 4.8% of its shares through open market purchases. Shares buyback programs are typically an indication that the company's management believes its stock is undervalued.
Diebold Nixdorf Profile
(Free Report)Diebold Nixdorf, Incorporated engages in the automating, digitizing, and transforming the way people bank and shop worldwide. It operates through two segments, Banking and Retail. The company 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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Want to see what other hedge funds are holding DBD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Diebold Nixdorf, Incorporated (NYSE:DBD - Free Report).
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