Financial Counselors Inc. trimmed its position in Diebold, Incorporated (NYSE:DBD) by 33.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 56,078 shares of the technology company’s stock after selling 27,672 shares during the quarter. Financial Counselors Inc. owned about 0.07% of Diebold, worth $1,570,000 at the end of the most recent reporting period.
Several other hedge funds have also recently modified their holdings of the company. Northwestern Mutual Investment Management Company LLC increased its holdings in shares of Diebold, by 0.4% in the first quarter. Northwestern Mutual Investment Management Company LLC now owns 13,001 shares of the technology company’s stock worth $399,000 after purchasing an additional 51 shares during the last quarter. Creative Planning increased its holdings in shares of Diebold, by 2.3% in the second quarter. Creative Planning now owns 5,119 shares of the technology company’s stock worth $143,000 after purchasing an additional 116 shares during the last quarter. Capstone Asset Management Co. increased its holdings in shares of Diebold, by 3.7% in the first quarter. Capstone Asset Management Co. now owns 8,502 shares of the technology company’s stock worth $261,000 after purchasing an additional 300 shares during the last quarter. Advantus Capital Management Inc increased its holdings in shares of Diebold, by 3.4% in the first quarter. Advantus Capital Management Inc now owns 9,659 shares of the technology company’s stock worth $297,000 after purchasing an additional 321 shares during the last quarter. Finally, Retirement Systems of Alabama increased its holdings in shares of Diebold, by 0.4% in the first quarter. Retirement Systems of Alabama now owns 97,398 shares of the technology company’s stock worth $2,990,000 after purchasing an additional 367 shares during the last quarter.
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In other Diebold, news, Director Gale S. Fitzgerald acquired 5,000 shares of the business’s stock in a transaction on Wednesday, August 23rd. The stock was bought at an average price of $18.14 per share, for a total transaction of $90,700.00. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Christopher A. Chapman acquired 2,000 shares of the business’s stock in a transaction on Friday, July 21st. The stock was acquired at an average price of $21.53 per share, with a total value of $43,060.00. The disclosure for this purchase can be found here. Insiders purchased a total of 23,000 shares of company stock worth $460,940 over the last ninety days. 1.37% of the stock is currently owned by corporate insiders.
DBD has been the topic of several research reports. Lake Street Capital reduced their target price on Diebold, from $38.00 to $30.00 and set a “buy” rating on the stock in a report on Thursday, July 6th. Zacks Investment Research cut Diebold, from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. Credit Suisse Group reaffirmed an “outperform” rating on shares of Diebold, in a report on Tuesday, September 5th. BidaskClub cut Diebold, from a “sell” rating to a “strong sell” rating in a report on Saturday, August 5th. Finally, J P Morgan Chase & Co cut Diebold, from an “overweight” rating to a “neutral” rating and set a $31.00 target price on the stock. in a report on Tuesday, August 8th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $30.60.
Shares of Diebold, Incorporated (DBD) traded up 0.99% during midday trading on Monday, reaching $20.45. The company’s stock had a trading volume of 51,404 shares. Diebold, Incorporated has a 52 week low of $17.95 and a 52 week high of $31.85. The company has a 50 day moving average price of $20.97 and a 200-day moving average price of $25.93. The stock’s market capitalization is $1.54 billion.
Diebold, (NYSE:DBD) last issued its quarterly earnings results on Wednesday, July 19th. The technology company reported $0.08 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.06 by $0.02. The firm had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.10 billion. Diebold, had a negative net margin of 6.04% and a positive return on equity of 7.25%. Diebold,’s quarterly revenue was up 95.5% compared to the same quarter last year. During the same period last year, the company posted $0.43 EPS. On average, equities research analysts expect that Diebold, Incorporated will post $0.97 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, August 25th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.98%. The ex-dividend date is Wednesday, August 23rd. Diebold,’s dividend payout ratio is presently -10.90%.
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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