Schwab Charles Investment Management Inc. Purchases 56,957 Shares of Diebold Nixdorf Inc (DBD)
Schwab Charles Investment Management Inc. raised its position in Diebold Nixdorf Inc (NYSE:DBD) by 11.5% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 553,736 shares of the technology company’s stock after buying an additional 56,957 shares during the quarter. Schwab Charles Investment Management Inc. owned about 0.73% of Diebold Nixdorf worth $12,653,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also recently made changes to their positions in DBD. Pzena Investment Management LLC purchased a new stake in shares of Diebold Nixdorf during the 3rd quarter worth $42,254,000. Rothschild Asset Management Inc. boosted its position in shares of Diebold Nixdorf by 6.2% during the 3rd quarter. Rothschild Asset Management Inc. now owns 869,531 shares of the technology company’s stock worth $19,869,000 after purchasing an additional 50,709 shares in the last quarter. Three Peaks Capital Management LLC purchased a new stake in shares of Diebold Nixdorf during the 3rd quarter worth $3,492,000. American International Group Inc. boosted its position in shares of Diebold Nixdorf by 2.8% during the 3rd quarter. American International Group Inc. now owns 205,170 shares of the technology company’s stock worth $4,688,000 after purchasing an additional 5,567 shares in the last quarter. Finally, Kopernik Global Investors LLC purchased a new stake in shares of Diebold Nixdorf during the 3rd quarter worth $468,000.
Several equities research analysts recently commented on DBD shares. Zacks Investment Research upgraded shares of Diebold Nixdorf from a “sell” rating to a “hold” rating in a research report on Tuesday, September 19th. KeyCorp reiterated a “hold” rating on shares of Diebold Nixdorf in a research report on Friday, October 20th. Imperial Capital reiterated a “hold” rating on shares of Diebold Nixdorf in a research report on Wednesday, December 13th. JPMorgan Chase & Co. upgraded shares of Diebold Nixdorf from a “neutral” rating to an “overweight” rating and set a $24.00 price objective on the stock in a research report on Thursday, November 16th. Finally, Credit Suisse Group reiterated an “outperform” rating on shares of Diebold Nixdorf in a research report on Tuesday, September 5th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $26.75.
Diebold Nixdorf (NYSE:DBD) last announced its earnings results on Tuesday, October 31st. The technology company reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.40. Diebold Nixdorf had a negative net margin of 4.40% and a positive return on equity of 11.39%. The firm had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter in the previous year, the company posted $0.34 EPS. The firm’s revenue for the quarter was up 14.2% on a year-over-year basis. equities analysts expect that Diebold Nixdorf Inc will post 1.09 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, December 8th. Investors of record on Friday, November 17th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 2.42%. The ex-dividend date was Thursday, November 16th. Diebold Nixdorf’s dividend payout ratio (DPR) is presently -14.81%.
In other Diebold Nixdorf news, SVP Alan Kerr bought 2,750 shares of Diebold Nixdorf stock in a transaction dated Friday, November 3rd. The stock was bought at an average cost of $18.28 per share, for a total transaction of $50,270.00. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Gale S. Fitzgerald bought 4,000 shares of Diebold Nixdorf stock in a transaction dated Friday, December 15th. The shares were acquired at an average price of $16.74 per share, with a total value of $66,960.00. Following the completion of the purchase, the director now owns 51,603 shares in the company, valued at approximately $863,834.22. The disclosure for this purchase can be found here. 1.37% of the stock is currently owned by corporate insiders.
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Diebold Nixdorf Company Profile
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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