JPMorgan Chase & Co. Reduces Position in Diebold Nixdorf Inc (NYSE:DBD)

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JPMorgan Chase & Co. decreased its holdings in shares of Diebold Nixdorf Inc (NYSE:DBD) by 85.1% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 179,421 shares of the technology company’s stock after selling 1,028,555 shares during the quarter. JPMorgan Chase & Co. owned about 0.23% of Diebold Nixdorf worth $1,585,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. GSA Capital Partners LLP grew its holdings in shares of Diebold Nixdorf by 32.9% during the second quarter. GSA Capital Partners LLP now owns 41,491 shares of the technology company’s stock worth $380,000 after buying an additional 10,261 shares in the last quarter. Chicago Equity Partners LLC purchased a new stake in shares of Diebold Nixdorf during the second quarter worth $376,000. Swiss National Bank grew its holdings in shares of Diebold Nixdorf by 13.6% during the second quarter. Swiss National Bank now owns 134,559 shares of the technology company’s stock worth $1,233,000 after buying an additional 16,100 shares in the last quarter. Cutter & CO Brokerage Inc. purchased a new stake in shares of Diebold Nixdorf during the second quarter worth $184,000. Finally, Aperio Group LLC grew its holdings in shares of Diebold Nixdorf by 17.6% during the second quarter. Aperio Group LLC now owns 29,446 shares of the technology company’s stock worth $270,000 after buying an additional 4,405 shares in the last quarter. 89.33% of the stock is owned by institutional investors and hedge funds.

Shares of DBD opened at $13.41 on Thursday. Diebold Nixdorf Inc has a 12-month low of $2.41 and a 12-month high of $14.66. The firm has a 50-day moving average price of $12.69 and a 200 day moving average price of $10.94. The firm has a market capitalization of $1.03 billion, a P/E ratio of -13.02, a P/E/G ratio of 32.81 and a beta of 2.80.

Diebold Nixdorf (NYSE:DBD) last announced its quarterly earnings data on Thursday, July 25th. The technology company reported $0.06 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.15) by $0.21. Diebold Nixdorf had a negative net margin of 11.32% and a negative return on equity of 53.21%. The firm had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.06 billion. During the same quarter in the prior year, the firm posted ($0.21) earnings per share. Diebold Nixdorf’s quarterly revenue was up 8.5% on a year-over-year basis. As a group, equities analysts anticipate that Diebold Nixdorf Inc will post 0.14 EPS for the current year.

DBD has been the subject of a number of research reports. DA Davidson set a $17.00 target price on shares of Diebold Nixdorf and gave the stock a “buy” rating in a report on Friday, July 26th. Zacks Investment Research raised shares of Diebold Nixdorf from a “hold” rating to a “buy” rating and set a $11.00 price objective for the company in a report on Tuesday, July 23rd. Sidoti assumed coverage on shares of Diebold Nixdorf in a report on Tuesday. They issued a “buy” rating for the company. Finally, ValuEngine lowered shares of Diebold Nixdorf from a “buy” rating to a “hold” rating in a report on Friday, August 23rd. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $11.67.

In other Diebold Nixdorf news, Director Phillip R. Cox sold 6,000 shares of the stock in a transaction dated Tuesday, July 30th. The shares were sold at an average price of $14.05, for a total transaction of $84,300.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Arthur F. Anton bought 9,615 shares of the stock in a transaction on Wednesday, August 28th. The shares were bought at an average cost of $10.40 per share, with a total value of $99,996.00. The disclosure for this purchase can be found here. Corporate insiders own 0.92% of the company’s stock.

About Diebold Nixdorf

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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