Lord Abbett & CO. LLC Buys 235,200 Shares of Diebold Nixdorf, Incorporated (NYSE:DBD)

Lord Abbett & CO. LLC boosted its stake in Diebold Nixdorf, Incorporated (NYSE:DBD) by 23.6% in the 2nd quarter, Holdings Channel.com reports. The firm owned 1,232,276 shares of the technology company’s stock after acquiring an additional 235,200 shares during the quarter. Lord Abbett & CO. LLC’s holdings in Diebold Nixdorf were worth $15,822,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Psagot Investment House Ltd. bought a new stake in Diebold Nixdorf during the 2nd quarter worth approximately $30,000. Prescott Group Capital Management L.L.C. bought a new stake in Diebold Nixdorf during the 2nd quarter worth approximately $2,010,000. Principal Financial Group Inc. lifted its holdings in Diebold Nixdorf by 5.6% during the 2nd quarter. Principal Financial Group Inc. now owns 639,236 shares of the technology company’s stock worth $8,208,000 after buying an additional 33,786 shares during the period. Citigroup Inc. lifted its holdings in Diebold Nixdorf by 43.0% during the 2nd quarter. Citigroup Inc. now owns 132,595 shares of the technology company’s stock worth $1,703,000 after buying an additional 39,865 shares during the period. Finally, Sei Investments Co. lifted its holdings in Diebold Nixdorf by 88.6% during the 2nd quarter. Sei Investments Co. now owns 82,905 shares of the technology company’s stock worth $1,063,000 after buying an additional 38,955 shares during the period. 83.51% of the stock is owned by institutional investors and hedge funds.

In related news, Director Phillip R. Cox sold 8,000 shares of the company’s stock in a transaction dated Tuesday, August 10th. The shares were sold at an average price of $11.34, for a total value of $90,720.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 3.29% of the company’s stock.

DBD has been the subject of several analyst reports. Wedbush restated a “neutral” rating and set a $14.00 price target on shares of Diebold Nixdorf in a report on Wednesday, July 28th. Zacks Investment Research downgraded Diebold Nixdorf from a “hold” rating to a “sell” rating in a report on Friday, July 30th. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $16.00.

Shares of NYSE DBD opened at $9.87 on Thursday. The firm’s 50-day moving average price is $10.81 and its 200-day moving average price is $12.76. Diebold Nixdorf, Incorporated has a 1-year low of $5.97 and a 1-year high of $17.30. The firm has a market capitalization of $773.35 million, a P/E ratio of -4.01 and a beta of 3.33.

Diebold Nixdorf (NYSE:DBD) last posted its quarterly earnings results on Thursday, July 29th. The technology company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.19). Diebold Nixdorf had a negative net margin of 4.79% and a negative return on equity of 10.61%. The business had revenue of $943.50 million during the quarter, compared to analyst estimates of $962.34 million. Sell-side analysts forecast that Diebold Nixdorf, Incorporated will post 1.9 earnings per share for the current fiscal year.

Diebold Nixdorf Company Profile

Diebold Nixdorf, Inc engages in the provision of integrated software-led services, self-service delivery and security systems to financial, retail, commercial, and government markets. It offers financial self-services such as self-service support and maintenance, value-added services, self-service software, and self-service products, and security solutions including physical and electronic security.

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

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