Skylands Capital LLC Purchases 162,975 Shares of Diebold Nixdorf, Incorporated (NYSE:DBD)

Skylands Capital LLC raised its position in Diebold Nixdorf, Incorporated (NYSE:DBD) by 57.5% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 446,625 shares of the technology company’s stock after buying an additional 162,975 shares during the quarter. Diebold Nixdorf comprises about 2.7% of Skylands Capital LLC’s holdings, making the stock its 8th largest position. Skylands Capital LLC owned approximately 1.19% of Diebold Nixdorf worth $19,223,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of DBD. Royce & Associates LP acquired a new position in Diebold Nixdorf in the 3rd quarter valued at $7,901,000. State Street Corp grew its stake in shares of Diebold Nixdorf by 21.6% during the 3rd quarter. State Street Corp now owns 505,002 shares of the technology company’s stock worth $22,553,000 after purchasing an additional 89,840 shares during the period. FMR LLC increased its holdings in shares of Diebold Nixdorf by 381,028.6% in the 3rd quarter. FMR LLC now owns 26,679 shares of the technology company’s stock valued at $1,191,000 after purchasing an additional 26,672 shares in the last quarter. State of Alaska Department of Revenue purchased a new position in shares of Diebold Nixdorf in the 4th quarter valued at about $860,000. Finally, Geode Capital Management LLC increased its holdings in shares of Diebold Nixdorf by 1.7% in the 3rd quarter. Geode Capital Management LLC now owns 718,289 shares of the technology company’s stock valued at $32,087,000 after purchasing an additional 11,917 shares in the last quarter. 97.04% of the stock is owned by institutional investors and hedge funds.

Diebold Nixdorf Stock Performance

Shares of DBD opened at $44.38 on Monday. The company has a 50-day simple moving average of $43.89 and a 200-day simple moving average of $43.76. The company has a quick ratio of 0.90, a current ratio of 1.32 and a debt-to-equity ratio of 0.99. The company has a market capitalization of $1.67 billion, a PE ratio of -100.85 and a beta of 1.93. Diebold Nixdorf, Incorporated has a 52-week low of $30.37 and a 52-week high of $51.81.

Diebold Nixdorf (NYSE:DBD) last posted its earnings results on Wednesday, February 12th. The technology company reported $0.97 earnings per share for the quarter, missing the consensus estimate of $1.22 by ($0.25). Diebold Nixdorf had a negative net margin of 0.44% and a positive return on equity of 14.28%. Equities research analysts predict that Diebold Nixdorf, Incorporated will post 4.59 earnings per share for the current fiscal year.

Diebold Nixdorf declared that its board has authorized a stock buyback plan on Wednesday, February 12th that allows the company to buyback $100.00 million in shares. This buyback authorization allows the technology company to repurchase up to 5.7% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its stock is undervalued.

Wall Street Analyst Weigh In

Separately, Wedbush reiterated an “outperform” rating and issued a $60.00 price target on shares of Diebold Nixdorf in a report on Thursday, February 13th.

Diebold Nixdorf Profile

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.