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Capital World Investors, a major shareholder of Diebold Nixdorf (OTC:DBDQQ), Inc. (NYSE:DBD), recently sold a portion of its holdings in the company. The transaction comes as InvestingPro data shows DBD trading below its Fair Value, with analysts setting price targets between $60 and $80. According to a recent SEC filing, the investment firm disposed of 19,842 shares of Diebold Nixdorf’s common stock, generating approximately $866,103. The shares were sold at a weighted average price of $43.65, with individual transaction prices ranging from $43.06 to $44.03. The company, currently valued at $1.66 billion, has demonstrated strong financial health with an overall "GOOD" rating from InvestingPro’s comprehensive analysis.
Following the sale, Capital World Investors still holds 335,869 shares of Diebold Nixdorf stock indirectly through various investment accounts. The firm retains voting and investment control over an additional 11,558,276 shares held by other investment advisory clients, although it has no pecuniary interest in those shares. With net income expected to grow and a strong return over the last five years, investors can access detailed analysis and 7 additional key insights through InvestingPro’s exclusive research reports.
In other recent news, Diebold Nixdorf reported its fourth-quarter 2024 financial results, revealing an earnings per share (EPS) of $0.97, which missed the forecasted $1.44. The company’s revenue also fell short of expectations, coming in at $988.9 million against a forecast of $1.03 billion. Despite these shortfalls, the company achieved a full-year revenue of $3.75 billion and recorded its best free cash flow performance since 2016, amounting to $109 million. Diebold Nixdorf anticipates flat to low single-digit revenue growth for 2025, with adjusted EBITDA expected to range between $470 million and $490 million.
Additionally, DA Davidson recently raised its price target for Diebold Nixdorf to $80 from $65, while maintaining a Buy rating. This upgrade followed the company’s 2025 Investor Day, where long-term financial goals through 2027 were presented. Analyst Matthew Summerville expressed confidence in Diebold Nixdorf’s focus on balance sheet management, free cash flow generation, and plans for shareholder capital return through buybacks. The company is also looking to expand its total addressable market and benefit from favorable industry cycles. These developments reflect a positive outlook from DA Davidson on Diebold Nixdorf’s potential for growth.
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