Commonwealth Equity Services LLC Invests $303,000 in Diebold Nixdorf, Incorporated (NYSE:DBD)

Commonwealth Equity Services LLC acquired a new position in Diebold Nixdorf, Incorporated (NYSE:DBD) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 7,876 shares of the technology company’s stock, valued at approximately $303,000.

Several other hedge funds and other institutional investors have also modified their holdings of DBD. SG Americas Securities LLC acquired a new stake in shares of Diebold Nixdorf in the first quarter worth $105,000. Summit Securities Group LLC acquired a new stake in shares of Diebold Nixdorf in the second quarter worth $125,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Diebold Nixdorf by 215.7% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,770 shares of the technology company’s stock worth $145,000 after acquiring an additional 2,576 shares during the last quarter. Cannon Global Investment Management LLC acquired a new stake in shares of Diebold Nixdorf in the first quarter worth $276,000. Finally, California State Teachers Retirement System acquired a new stake in shares of Diebold Nixdorf in the first quarter worth $364,000. Institutional investors and hedge funds own 97.04% of the company’s stock.

Diebold Nixdorf Stock Down 0.5 %

DBD opened at $43.97 on Tuesday. Diebold Nixdorf, Incorporated has a fifty-two week low of $17.38 and a fifty-two week high of $45.15. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.42 and a quick ratio of 0.95. The firm’s fifty day moving average price is $41.45 and its two-hundred day moving average price is $39.10. The company has a market capitalization of $1.65 billion and a P/E ratio of 7.54.

Diebold Nixdorf (NYSE:DBD) last issued its earnings results on Wednesday, August 7th. The technology company reported $1.16 EPS for the quarter, beating the consensus estimate of $1.11 by $0.05. Diebold Nixdorf had a net margin of 56.28% and a return on equity of 226.25%. The company had revenue of $939.70 million for the quarter, compared to the consensus estimate of $899.30 million. On average, analysts anticipate that Diebold Nixdorf, Incorporated will post 5.3 EPS for the current year.

Insider Activity

In other news, CEO Octavio Marquez bought 1,100 shares of Diebold Nixdorf stock in a transaction dated Friday, August 9th. The shares were bought at an average price of $37.34 per share, for a total transaction of $41,074.00. Following the purchase, the chief executive officer now owns 135,774 shares of the company’s stock, valued at $5,069,801.16. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Diebold Nixdorf news, CFO Thomas S. Timko purchased 1,400 shares of the business’s stock in a transaction that occurred on Friday, August 9th. The stock was acquired at an average cost of $38.71 per share, with a total value of $54,194.00. Following the completion of the acquisition, the chief financial officer now directly owns 48,219 shares of the company’s stock, valued at approximately $1,866,557.49. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Octavio Marquez purchased 1,100 shares of the business’s stock in a transaction that occurred on Friday, August 9th. The stock was acquired at an average cost of $37.34 per share, with a total value of $41,074.00. Following the completion of the acquisition, the chief executive officer now directly owns 135,774 shares of the company’s stock, valued at $5,069,801.16. The disclosure for this purchase can be found here. In the last quarter, insiders have bought 3,650 shares of company stock worth $141,935. Corporate insiders own 0.04% of the company’s stock.

Wall Street Analysts Forecast Growth

DBD has been the topic of a number of recent research reports. StockNews.com downgraded shares of Diebold Nixdorf from a “buy” rating to a “hold” rating in a research note on Thursday, July 11th. Wedbush reiterated an “outperform” rating and set a $50.00 price target on shares of Diebold Nixdorf in a research note on Thursday, September 12th. Finally, DA Davidson lifted their price target on shares of Diebold Nixdorf from $55.00 to $65.00 and gave the stock a “buy” rating in a research note on Friday, August 9th.

Diebold Nixdorf Profile

Diebold Nixdorf, Incorporated engages in the automating, digitizing, and transforming the way people bank and shop worldwide. It operates through two segments, Banking and Retail. The company 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.