Diebold Nixdorf, Incorporated (NYSE:DBD) Short Interest Down 7.5% in October

Diebold Nixdorf, Incorporated (NYSE:DBD) was the recipient of a large decrease in short interest during the month of October. As of October 15th, there was short interest totalling 1,600,000 shares, a decrease of 7.5% from the September 30th total of 1,730,000 shares. Based on an average daily volume of 149,400 shares, the days-to-cover ratio is currently 10.7 days. Currently, 4.3% of the shares of the company are short sold.

Diebold Nixdorf Trading Down 2.6 %

Shares of DBD stock traded down $1.26 on Thursday, reaching $46.29. 208,270 shares of the stock were exchanged, compared to its average volume of 181,672. The firm has a 50 day moving average of $43.76 and a two-hundred day moving average of $41.10. Diebold Nixdorf has a 1-year low of $17.97 and a 1-year high of $47.73. The company has a quick ratio of 0.95, a current ratio of 1.42 and a debt-to-equity ratio of 1.09. The stock has a market cap of $1.74 billion, a P/E ratio of 8.16 and a beta of 2.18.

Diebold Nixdorf (NYSE:DBD) last announced its quarterly earnings results on Wednesday, August 7th. The technology company reported $1.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.11 by $0.05. The firm had revenue of $939.70 million during the quarter, compared to the consensus estimate of $899.30 million. Diebold Nixdorf had a return on equity of 226.25% and a net margin of 56.28%. On average, research analysts anticipate that Diebold Nixdorf will post 5.3 EPS for the current year.

Analyst Ratings Changes

DBD has been the subject of a number of analyst reports. Wedbush reissued an “outperform” rating and issued a $50.00 price objective on shares of Diebold Nixdorf in a research report on Thursday, September 12th. StockNews.com downgraded Diebold Nixdorf from a “buy” rating to a “hold” rating in a report on Friday, October 11th. Finally, DA Davidson raised their price objective on Diebold Nixdorf from $55.00 to $65.00 and gave the stock a “buy” rating in a report on Friday, August 9th.

Insider Activity at Diebold Nixdorf

In other news, CFO Thomas S. Timko acquired 1,400 shares of Diebold Nixdorf stock in a transaction that occurred on Friday, August 9th. The stock was purchased at an average price of $38.71 per share, for a total transaction of $54,194.00. Following the completion of the transaction, the chief financial officer now directly owns 48,219 shares in the company, valued at approximately $1,866,557.49. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO Octavio Marquez bought 1,100 shares of the stock in a transaction on Friday, August 9th. The shares were bought at an average price of $37.34 per share, with a total value of $41,074.00. Following the completion of the acquisition, the chief executive officer now owns 135,774 shares of the company’s stock, valued at approximately $5,069,801.16. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Thomas S. Timko purchased 1,400 shares of Diebold Nixdorf stock in a transaction on 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 acquisition, the chief financial officer now directly owns 48,219 shares of the company’s stock, valued at approximately $1,866,557.49. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired a total of 3,650 shares of company stock worth $141,935 in the last 90 days. 0.04% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Allspring Global Investments Holdings LLC increased its stake in Diebold Nixdorf by 4.2% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 765,514 shares of the technology company’s stock worth $34,188,000 after buying an additional 31,152 shares during the period. Inspire Investing LLC increased its position in shares of Diebold Nixdorf by 44.3% during the third quarter. Inspire Investing LLC now owns 28,960 shares of the technology company’s stock worth $1,293,000 after acquiring an additional 8,896 shares during the last quarter. SG Americas Securities LLC lifted its stake in shares of Diebold Nixdorf by 56.0% in the third quarter. SG Americas Securities LLC now owns 11,843 shares of the technology company’s stock worth $529,000 after acquiring an additional 4,250 shares in the last quarter. Gordian Capital Singapore Pte Ltd purchased a new position in Diebold Nixdorf in the second quarter valued at about $1,876,000. Finally, Susquehanna Fundamental Investments LLC grew its stake in Diebold Nixdorf by 46.8% during the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 21,381 shares of the technology company’s stock valued at $823,000 after purchasing an additional 6,812 shares in the last quarter. 97.04% of the stock is owned by institutional investors and hedge funds.

Diebold Nixdorf Company 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.