Diebold Nixdorf, Incorporated (NYSE:DBD) Shares Sold by Arena Capital Advisors LLC CA

Arena Capital Advisors LLC CA cut its holdings in Diebold Nixdorf, Incorporated (NYSE:DBD) by 4.6% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,571,237 shares of the technology company’s stock after selling 75,000 shares during the quarter. Diebold Nixdorf accounts for 68.8% of Arena Capital Advisors LLC CA’s investment portfolio, making the stock its largest holding. Arena Capital Advisors LLC CA owned about 4.18% of Diebold Nixdorf worth $60,461,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. nVerses Capital LLC bought a new position in shares of Diebold Nixdorf during the 2nd quarter worth about $35,000. SG Americas Securities LLC bought a new position in Diebold Nixdorf in the first quarter worth approximately $105,000. Summit Securities Group LLC bought a new position in Diebold Nixdorf in the second quarter worth approximately $125,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Diebold Nixdorf by 215.7% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,770 shares of the technology company’s stock valued at $145,000 after acquiring an additional 2,576 shares during the period. Finally, Cannon Global Investment Management LLC acquired a new position in shares of Diebold Nixdorf during the first quarter worth approximately $276,000. 97.04% of the stock is owned by institutional investors and hedge funds.

Diebold Nixdorf Trading Down 4.0 %

NYSE DBD opened at $40.97 on Friday. The company has a current ratio of 1.42, a quick ratio of 0.95 and a debt-to-equity ratio of 1.09. The business has a fifty day simple moving average of $40.91 and a 200 day simple moving average of $38.33. Diebold Nixdorf, Incorporated has a 12 month low of $16.50 and a 12 month high of $45.15. The firm has a market capitalization of $1.54 billion and a P/E ratio of 7.03.

Diebold Nixdorf (NYSE:DBD) last issued its quarterly earnings results on Wednesday, August 7th. The technology company reported $1.16 EPS for the quarter, topping analysts’ consensus estimates of $1.11 by $0.05. The business had revenue of $939.70 million for the quarter, compared to analyst estimates of $899.30 million. Diebold Nixdorf had a return on equity of 226.25% and a net margin of 56.28%. On average, analysts predict that Diebold Nixdorf, Incorporated will post 5.3 EPS for the current fiscal year.

Insider Activity

In other news, EVP Frank Tobias Baur acquired 1,150 shares of the company’s stock in a transaction that occurred on Tuesday, August 27th. The shares were acquired at an average price of $40.58 per share, for a total transaction of $46,667.00. Following the completion of the purchase, the executive vice president now owns 24,262 shares in the company, valued at $984,551.96. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Diebold Nixdorf news, EVP Frank Tobias Baur bought 1,150 shares of the business’s stock in a transaction on Tuesday, August 27th. The stock was purchased at an average price of $40.58 per share, for a total transaction of $46,667.00. Following the completion of the transaction, the executive vice president now directly owns 24,262 shares of the company’s stock, valued at $984,551.96. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Thomas S. Timko purchased 1,400 shares of the stock in a transaction dated Friday, August 9th. The stock was acquired at an average cost of $38.71 per share, for a total transaction of $54,194.00. Following the transaction, the chief financial officer now owns 48,219 shares of the company’s stock, valued at $1,866,557.49. The disclosure for this purchase can be found here. Insiders purchased 3,650 shares of company stock valued at $141,935 in the last three months. Company insiders own 0.04% of the company’s stock.

Wall Street Analyst Weigh In

DBD has been the subject of a number of recent research reports. Wedbush restated an “outperform” rating and set a $50.00 price target on shares of Diebold Nixdorf in a research note on Thursday, August 8th. StockNews.com downgraded shares of Diebold Nixdorf from a “buy” rating to a “hold” rating in a research report on Thursday, July 11th. Finally, DA Davidson raised their price target on shares of Diebold Nixdorf from $55.00 to $65.00 and gave the company a “buy” rating in a research report on Friday, August 9th.

About Diebold Nixdorf

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.