Capital World Investors, a division of Capital Research and Management Company, has reported the sale of shares in DIEBOLD NIXDORF, Inc (NYSE:DBD), a company known for its manufacturing of ATMs and other financial equipment. The transactions, which occurred on April 3 and April 4, 2024, involved a total sale of 184 shares of common stock with a total value exceeding $6,000.
On April 3, Capital World Investors sold 100 shares at a price of $33.44 per share. The following day, an additional 84 shares were sold at a slightly lower price of $33.16 per share. The sales took place within a price range of $33.16 to $33.44, reflecting the market's valuation of DIEBOLD NIXDORF's stock during that period.
Following these transactions, Capital World Investors continues to hold a significant number of shares in the company. According to the filing, after the reported sales, the investment adviser retains indirect ownership of 341,814 shares of DIEBOLD NIXDORF's common stock. The reported shares are held by investment advisory clients or discretionary accounts managed by Capital World Investors.
The disclosure, signed by Erik Vayntrub, Senior Vice President and Senior Counsel at Capital Research and Management Company, also notes that while Capital World Investors has voting and investment control over an additional 11,572,173 shares owned by other investment advisory clients, it does not have a pecuniary interest in those shares. Therefore, those shares are not included in the Form 4 filing.
Investors and market watchers often monitor such filings for insights into the actions of significant shareholders and their views on the stock's potential. The recent sales by Capital World Investors provide a glimpse into the investment firm's portfolio adjustments concerning DIEBOLD NIXDORF.
InvestingPro Insights
Amid the recent transactions by Capital World Investors, DIEBOLD NIXDORF (NYSE:DBD) has shown intriguing market activity and financial metrics that investors should consider. With a market capitalization of approximately $1.26 billion and a trailing twelve-month revenue of about $3.76 billion as of Q4 2023, the company reflects a solid position in its industry. This is further underscored by a revenue growth of 8.66% over the last twelve months, indicating an upward trajectory in the company's financial performance.
InvestingPro Tips suggest that analysts have recently revised their earnings expectations downwards for the upcoming period, which could be a factor for investors to monitor closely. Additionally, the company's stock has experienced a large price uptick, with a 6-month price total return of 84.92% as of the latest data point. This significant increase could signal investor optimism regarding DIEBOLD NIXDORF's future prospects.
Moreover, the company's price-to-earnings (P/E) ratio stands at 21.48, which might be considered by investors when evaluating the company's stock valuation in relation to its earnings. It's also notable that DIEBOLD NIXDORF does not pay a dividend, which could influence the investment strategy of income-focused shareholders.
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