Diebold Nixdorf Inc (NYSE:DBD) Shares Sold by California Public Employees Retirement System

California Public Employees Retirement System reduced its stake in Diebold Nixdorf Inc (NYSE:DBD) by 8.1% during the first quarter, according to its most recent filing with the SEC. The fund owned 185,797 shares of the technology company’s stock after selling 16,342 shares during the quarter. California Public Employees Retirement System’s holdings in Diebold Nixdorf were worth $2,057,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Coldstream Capital Management Inc. acquired a new stake in Diebold Nixdorf in the 4th quarter valued at $25,000. Oregon Public Employees Retirement Fund acquired a new stake in Diebold Nixdorf in the 4th quarter valued at $29,000. Public Employees Retirement System of Ohio increased its holdings in Diebold Nixdorf by 52.0% in the 4th quarter. Public Employees Retirement System of Ohio now owns 15,652 shares of the technology company’s stock valued at $39,000 after purchasing an additional 5,356 shares in the last quarter. Municipal Employees Retirement System of Michigan acquired a new stake in Diebold Nixdorf in the 4th quarter valued at $53,000. Finally, Sterling Investment Advisors Ltd. acquired a new stake in Diebold Nixdorf in the 1st quarter valued at $55,000. 88.02% of the stock is currently owned by institutional investors.

Shares of Diebold Nixdorf stock opened at $9.31 on Wednesday. The company has a debt-to-equity ratio of 102.95, a current ratio of 1.29 and a quick ratio of 0.89. The stock has a market cap of $710.78 million, a PE ratio of -9.04 and a beta of 2.76. Diebold Nixdorf Inc has a 1-year low of $2.41 and a 1-year high of $13.49.

Diebold Nixdorf (NYSE:DBD) last announced its earnings results on Tuesday, April 30th. The technology company reported ($0.63) earnings per share for the quarter, missing the consensus estimate of ($0.35) by ($0.28). The business had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.04 billion. Diebold Nixdorf had a negative net margin of 13.37% and a negative return on equity of 53.21%. The firm’s revenue was down 3.4% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.12) earnings per share. On average, analysts predict that Diebold Nixdorf Inc will post -0.01 EPS for the current fiscal year.

In related news, Director Gary G. Greenfield purchased 5,000 shares of Diebold Nixdorf stock in a transaction dated Tuesday, May 28th. The shares were acquired at an average price of $9.44 per share, with a total value of $47,200.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Ellen Costello purchased 2,500 shares of Diebold Nixdorf stock in a transaction dated Thursday, March 14th. The shares were bought at an average cost of $10.99 per share, for a total transaction of $27,475.00. The disclosure for this purchase can be found here. Insiders have bought 62,500 shares of company stock valued at $574,125 over the last 90 days. Insiders own 0.92% of the company’s stock.

Several brokerages have recently weighed in on DBD. Zacks Investment Research upgraded Diebold Nixdorf from a “hold” rating to a “buy” rating and set a $8.25 target price for the company in a research note on Monday, February 18th. ValuEngine upgraded Diebold Nixdorf from a “hold” rating to a “buy” rating in a research note on Tuesday, February 12th. Finally, JPMorgan Chase & Co. set a $7.00 target price on Diebold Nixdorf and gave the company a “sell” rating in a research note on Thursday, February 14th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $6.56.

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Diebold Nixdorf Profile

Diebold Nixdorf, Incorporated provides connected commerce solutions to financial institutions and retailers in North America, the Asia Pacific, Europe, the Middle East, Africa, and Latin America. The company operates through two segments, Banking and Retail. The Banking segment 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.

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

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