Cornercap Investment Counsel Inc. Reduces Holdings in Diebold Nixdorf, Incorporated (NYSE:DBD)

Cornercap Investment Counsel Inc. decreased its position in Diebold Nixdorf, Incorporated (NYSE:DBD) by 52.1% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 6,131 shares of the technology company’s stock after selling 6,660 shares during the period. Cornercap Investment Counsel Inc.’s holdings in Diebold Nixdorf were worth $274,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in DBD. William Blair Investment Management LLC acquired a new stake in Diebold Nixdorf during the 2nd quarter worth approximately $12,849,000. Dimensional Fund Advisors LP raised its holdings in shares of Diebold Nixdorf by 89.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 418,549 shares of the technology company’s stock valued at $16,103,000 after purchasing an additional 198,177 shares in the last quarter. Renaissance Technologies LLC raised its holdings in shares of Diebold Nixdorf by 233.4% in the 2nd quarter. Renaissance Technologies LLC now owns 249,700 shares of the technology company’s stock valued at $9,608,000 after purchasing an additional 174,800 shares in the last quarter. Bank of New York Mellon Corp acquired a new stake in shares of Diebold Nixdorf in the 2nd quarter valued at $3,243,000. Finally, Allspring Global Investments Holdings LLC raised its holdings in shares of Diebold Nixdorf by 7.5% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 734,362 shares of the technology company’s stock valued at $28,258,000 after purchasing an additional 51,423 shares in the last quarter. 97.04% of the stock is currently owned by institutional investors and hedge funds.

Diebold Nixdorf Price Performance

DBD opened at $40.58 on Monday. The company has a quick ratio of 0.96, a current ratio of 1.45 and a debt-to-equity ratio of 1.02. Diebold Nixdorf, Incorporated has a 52-week low of $22.66 and a 52-week high of $51.81. The company has a 50 day moving average of $44.10 and a two-hundred day moving average of $42.03. The company has a market cap of $1.52 billion, a P/E ratio of 312.18 and a beta of 2.15.

Insider Transactions at Diebold Nixdorf

In related news, EVP Frank Tobias Baur purchased 1,150 shares of the business’s stock in a transaction that occurred on Tuesday, August 27th. The shares were purchased at an average cost of $40.58 per share, with a total value of $46,667.00. Following the completion of the acquisition, the executive vice president now directly owns 24,262 shares of the company’s stock, valued at approximately $984,551.96. The trade was a 4.98 % increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.04% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on DBD. Wedbush reaffirmed an “outperform” rating and issued a $50.00 target price on shares of Diebold Nixdorf in a research report on Monday, November 4th. DA Davidson raised their price objective on shares of Diebold Nixdorf from $55.00 to $65.00 and gave the company a “buy” rating in a research note on Friday, August 9th. Finally, StockNews.com cut shares of Diebold Nixdorf from a “buy” rating to a “hold” rating in a research report on Friday, October 11th.

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.