Magnus Financial Group LLC Buys Shares of 24,027 Diebold Nixdorf Inc (DBD)

Magnus Financial Group LLC bought a new position in Diebold Nixdorf Inc (NYSE:DBD) in the fourth quarter, HoldingsChannel reports. The firm bought 24,027 shares of the technology company’s stock, valued at approximately $60,000.

Several other hedge funds also recently bought and sold shares of the company. SG Americas Securities LLC bought a new stake in Diebold Nixdorf during the third quarter worth approximately $1,474,000. MML Investors Services LLC bought a new stake in Diebold Nixdorf during the third quarter worth approximately $150,000. Bank of New York Mellon Corp boosted its holdings in Diebold Nixdorf by 7.7% during the third quarter. Bank of New York Mellon Corp now owns 995,862 shares of the technology company’s stock worth $4,483,000 after buying an additional 71,625 shares in the last quarter. Cim Investment Mangement Inc. boosted its holdings in Diebold Nixdorf by 92.2% during the third quarter. Cim Investment Mangement Inc. now owns 76,690 shares of the technology company’s stock worth $345,000 after buying an additional 36,789 shares in the last quarter. Finally, BlackRock Inc. boosted its holdings in Diebold Nixdorf by 4.1% during the third quarter. BlackRock Inc. now owns 10,993,846 shares of the technology company’s stock worth $49,472,000 after buying an additional 428,621 shares in the last quarter.

Shares of NYSE:DBD opened at $11.10 on Friday. The company has a market cap of $849.85 million, a P/E ratio of -10.78, a price-to-earnings-growth ratio of 14.95 and a beta of 2.88. Diebold Nixdorf Inc has a 1-year low of $2.41 and a 1-year high of $17.50. The company has a quick ratio of 1.02, a current ratio of 1.40 and a debt-to-equity ratio of 102.95.

Diebold Nixdorf (NYSE:DBD) last issued its earnings results on Wednesday, February 13th. The technology company reported ($0.08) earnings per share for the quarter. The business had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.22 billion. Diebold Nixdorf had a negative return on equity of 53.21% and a negative net margin of 11.92%. The company’s quarterly revenue was up 3.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.40 earnings per share. As a group, sell-side analysts anticipate that Diebold Nixdorf Inc will post 0.23 EPS for the current year.

DBD has been the subject of a number of research reports. DA Davidson upgraded shares of Diebold Nixdorf from a “neutral” rating to a “buy” rating and set a $5.00 target price for the company in a report on Tuesday, January 8th. ValuEngine upgraded shares of Diebold Nixdorf from a “hold” rating to a “buy” rating in a report on Monday, February 4th. JPMorgan Chase & Co. set a $7.00 target price on shares of Diebold Nixdorf and gave the stock a “sell” rating in a report on Thursday, February 14th. Finally, Zacks Investment Research upgraded shares of Diebold Nixdorf from a “hold” rating to a “buy” rating and set a $8.25 target price for the company in a report on Monday, February 18th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $6.56.

In other news, Director Ellen Costello purchased 2,500 shares of Diebold Nixdorf stock in a transaction that occurred on Monday, March 11th. The stock was acquired at an average price of $10.11 per share, for a total transaction of $25,275.00. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Ulrich Naher purchased 13,000 shares of Diebold Nixdorf stock in a transaction that occurred on Wednesday, February 20th. The stock was purchased at an average price of $8.57 per share, with a total value of $111,410.00. The disclosure for this purchase can be found here. In the last 90 days, insiders purchased 90,322 shares of company stock valued at $851,258. 0.74% of the stock is owned by insiders.

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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 in three segments: Services, Software, and Systems. The Services segment provides product-related services, such as first and second line maintenance, preventive maintenance, and on-demand services; and managed and outsourcing services, including store lifecycle management, self-service fleet management, branch lifecycle management, automated teller machine (ATM) as-a-service, and managed mobility services, as well as cash management services.

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Want to see what other hedge funds are holding DBD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Diebold Nixdorf Inc (NYSE:DBD).

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

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