Diebold Nixdorf Inc (DBD) Shares Sold by Municipal Employees Retirement System of Michigan

Municipal Employees Retirement System of Michigan decreased its stake in shares of Diebold Nixdorf Inc (NYSE:DBD) by 21.6% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 22,840 shares of the technology company’s stock after selling 6,290 shares during the quarter. Municipal Employees Retirement System of Michigan’s holdings in Diebold Nixdorf were worth $522,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Pzena Investment Management LLC bought a new position in shares of Diebold Nixdorf during the 3rd quarter worth about $42,254,000. Victory Capital Management Inc. increased its holdings in shares of Diebold Nixdorf by 50.5% during the 2nd quarter. Victory Capital Management Inc. now owns 1,541,015 shares of the technology company’s stock worth $43,148,000 after purchasing an additional 517,230 shares during the period. Goldman Sachs Group Inc. increased its holdings in shares of Diebold Nixdorf by 69.7% during the 2nd quarter. Goldman Sachs Group Inc. now owns 1,197,436 shares of the technology company’s stock worth $33,528,000 after purchasing an additional 491,917 shares during the period. AMG National Trust Bank increased its stake in Diebold Nixdorf by 10.2% in the third quarter. AMG National Trust Bank now owns 98,885 shares of the technology company’s stock valued at $2,259,000 after acquiring an additional 9,182 shares during the period. Finally, Engineers Gate Manager LP bought a new stake in Diebold Nixdorf in the second quarter valued at about $298,000.

In related news, SVP Alan Kerr bought 2,750 shares of Diebold Nixdorf stock in a transaction dated Friday, November 3rd. The shares were bought at an average cost of $18.28 per share, for a total transaction of $50,270.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.37% of the stock is currently owned by corporate insiders.

A number of analysts recently weighed in on the stock. Imperial Capital set a $24.00 target price on shares of Diebold Nixdorf and gave the company a “hold” rating in a research note on Tuesday, October 17th. J P Morgan Chase & Co cut shares of Diebold Nixdorf from an “overweight” rating to a “neutral” rating and set a $31.00 target price on the stock. in a research note on Tuesday, August 8th. KeyCorp reissued a “hold” rating on shares of Diebold Nixdorf in a research note on Friday, October 20th. Zacks Investment Research cut shares of Diebold Nixdorf from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 19th. Finally, Credit Suisse Group reissued an “outperform” rating on shares of Diebold Nixdorf in a research note on Tuesday, September 5th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $26.75.

Shares of Diebold Nixdorf Inc (NYSE DBD) opened at $18.70 on Tuesday. The firm has a market cap of $1,442.70, a PE ratio of 18.02 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 debt-to-equity ratio of 3.00, a current ratio of 1.47 and a quick ratio of 1.01.

Diebold Nixdorf (NYSE:DBD) last released its quarterly earnings results on Tuesday, October 31st. The technology company reported $0.58 EPS for the quarter, beating the Zacks’ 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 negative net margin of 4.40% and a positive return on equity of 11.39%. The company’s revenue for the quarter was up 14.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.34 earnings per share. equities analysts expect that Diebold Nixdorf Inc will post 1.09 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Friday, November 17th will be given a $0.10 dividend. The ex-dividend date is Thursday, November 16th. This represents a $0.40 dividend on an annualized basis and a yield of 2.14%. Diebold Nixdorf’s dividend payout ratio (DPR) is presently -14.81%.

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

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