Magnus Financial Group LLC lifted its holdings in Diebold Nixdorf Inc (NYSE:DBD) by 5.2% in the first quarter, HoldingsChannel reports. The firm owned 25,281 shares of the technology company’s stock after purchasing an additional 1,254 shares during the quarter. Magnus Financial Group LLC’s holdings in Diebold Nixdorf were worth $280,000 at the end of the most recent reporting period.
Other hedge funds have also bought and sold shares of the company. Sterling Investment Advisors Ltd. bought a new stake in Diebold Nixdorf in the first quarter worth $55,000. Investors Research Corp bought a new stake in Diebold Nixdorf in the first quarter worth $106,000. Quinn Opportunity Partners LLC bought a new stake in Diebold Nixdorf in the first quarter worth $111,000. Coldstream Capital Management Inc. bought a new stake in Diebold Nixdorf in the fourth quarter worth $25,000. Finally, Advisor Partners LLC bought a new stake in Diebold Nixdorf in the first quarter worth $113,000. 87.14% of the stock is owned by hedge funds and other institutional investors.
In other Diebold Nixdorf news, CFO Jeffrey L. Rutherford bought 10,000 shares of the firm’s stock in a transaction dated Thursday, May 2nd. The stock was acquired at an average cost of $9.12 per share, for a total transaction of $91,200.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Ellen Costello bought 2,500 shares of the firm’s stock in a transaction dated Monday, March 11th. The shares were acquired at an average price of $10.11 per share, with a total value of $25,275.00. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 132,322 shares of company stock valued at $1,239,298. Corporate insiders own 0.92% of the company’s stock.
DBD has been the subject of a number of analyst reports. ValuEngine upgraded Diebold Nixdorf from a “hold” rating to a “buy” rating in a research report on Monday, February 4th. JPMorgan Chase & Co. set a $7.00 price target on Diebold Nixdorf and gave the stock a “sell” rating in a research report on Thursday, February 14th. Finally, Zacks Investment Research upgraded Diebold Nixdorf from a “hold” rating to a “buy” rating and set a $8.25 price target for the company in a research report on Monday, February 18th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $6.56.
DBD traded up $0.27 during trading on Friday, reaching $9.21. The company had a trading volume of 723,650 shares, compared to its average volume of 2,110,513. The company has a market cap of $705.41 million, a PE ratio of -8.94 and a beta of 2.82. Diebold Nixdorf Inc has a 52 week low of $2.41 and a 52 week high of $13.49. The company has a quick ratio of 0.89, a current ratio of 1.29 and a debt-to-equity ratio of 102.95.
Diebold Nixdorf (NYSE:DBD) last issued its quarterly earnings results on Tuesday, April 30th. The technology company reported ($0.63) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.35) by ($0.28). Diebold Nixdorf had a negative return on equity of 53.21% and a negative net margin of 13.37%. The company had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1.04 billion. During the same quarter in the prior year, the business earned ($0.12) earnings per share. The firm’s quarterly revenue was down 3.4% compared to the same quarter last year. As a group, research analysts anticipate that Diebold Nixdorf Inc will post -0.01 earnings per share for the current fiscal year.
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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