BidaskClub lowered shares of Diebold, Incorporated (NYSE:DBD) from a sell rating to a strong sell rating in a report published on Saturday morning.
A number of other equities analysts have also recently issued reports on the company. Zacks Investment Research cut Diebold, from a hold rating to a sell rating in a report on Tuesday, July 11th. Lake Street Capital dropped their target price on Diebold, from $38.00 to $30.00 and set a buy rating for the company in a report on Thursday, July 6th. Finally, Feltl & Co. began coverage on Diebold, in a report on Tuesday, April 18th. They set a buy rating for the company. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company’s stock. Diebold, has an average rating of Hold and an average target price of $30.60.
Shares of Diebold, (NYSE DBD) opened at 22.35 on Friday. The stock’s 50 day moving average price is $24.14 and its 200-day moving average price is $27.23. The firm’s market capitalization is $1.69 billion. Diebold, has a 52 week low of $19.95 and a 52 week high of $31.85.
Diebold, (NYSE:DBD) last posted its quarterly earnings data on Wednesday, July 19th. The technology company reported $0.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.02. Diebold, had a positive return on equity of 7.25% and a negative net margin of 6.04%. The firm had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.10 billion. During the same period in the prior year, the business earned $0.43 EPS. The company’s revenue for the quarter was up 95.5% compared to the same quarter last year. Equities analysts predict that Diebold, will post $0.96 earnings per share for the current year.
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The business also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, August 25th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.79%. The ex-dividend date of this dividend is Wednesday, August 23rd. Diebold,’s dividend payout ratio is presently -10.90%.
In related news, CFO Christopher A. Chapman bought 2,000 shares of the company’s stock in a transaction that occurred on Friday, July 21st. The stock was bought at an average cost of $21.53 per share, for a total transaction of $43,060.00. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Phillip R. Cox sold 4,504 shares of the stock in a transaction dated Friday, May 12th. The shares were sold at an average price of $27.01, for a total value of $121,653.04. The disclosure for this sale can be found here. Insiders have purchased a total of 8,000 shares of company stock valued at $179,440 over the last 90 days. 1.37% of the stock is currently owned by company insiders.
Large investors have recently modified their holdings of the stock. Prudential Financial Inc. boosted its stake in shares of Diebold, by 1.9% in the second quarter. Prudential Financial Inc. now owns 50,649 shares of the technology company’s stock valued at $1,418,000 after buying an additional 960 shares in the last quarter. Great Lakes Advisors LLC acquired a new stake in Diebold, during the second quarter valued at $3,985,000. Victory Capital Management Inc. boosted its stake in Diebold, by 50.5% in the second quarter. Victory Capital Management Inc. now owns 1,541,015 shares of the technology company’s stock valued at $43,148,000 after buying an additional 517,230 shares during the period. Tocqueville Asset Management L.P. boosted its stake in Diebold, by 2.1% in the second quarter. Tocqueville Asset Management L.P. now owns 1,357,973 shares of the technology company’s stock valued at $38,023,000 after buying an additional 27,385 shares during the period. Finally, Jennison Associates LLC boosted its stake in Diebold, by 27.1% in the second quarter. Jennison Associates LLC now owns 1,672,505 shares of the technology company’s stock valued at $46,830,000 after buying an additional 357,007 shares during the period.
Diebold, Company Profile
Diebold Nixdorf, Incorporated provides connected commerce services, software and technology. The Company’s geographic segments include North America (NA), Asia Pacific (AP), Europe, Middle East and Africa (EMEA), and Latin America (LA). These segments sell and service financial self-service (FSS), retail solutions and security systems.
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