Advisors Asset Management Inc. Has $5.70 Million Holdings in Diebold, Incorporated (DBD)
Advisors Asset Management Inc. lessened its stake in Diebold, Incorporated (NYSE:DBD) by 44.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 249,437 shares of the technology company’s stock after selling 195,610 shares during the period. Advisors Asset Management Inc. owned about 0.33% of Diebold, worth $5,700,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in DBD. CNA Financial Corp bought a new stake in shares of Diebold, during the 3rd quarter valued at about $1,047,000. Lapides Asset Management LLC raised its stake in Diebold, by 64.6% during the 3rd quarter. Lapides Asset Management LLC now owns 557,500 shares of the technology company’s stock worth $12,739,000 after buying an additional 218,900 shares during the period. Bank of New York Mellon Corp raised its stake in shares of Diebold, by 0.7% in the third quarter. Bank of New York Mellon Corp now owns 1,111,917 shares of the technology company’s stock worth $25,407,000 after purchasing an additional 8,249 shares during the last quarter. New York State Common Retirement Fund raised its stake in shares of Diebold, by 63.3% in the third quarter. New York State Common Retirement Fund now owns 132,100 shares of the technology company’s stock worth $3,018,000 after purchasing an additional 51,200 shares during the last quarter. Finally, Sei Investments Co. raised its stake in shares of Diebold, by 74.0% in the third quarter. Sei Investments Co. now owns 455,342 shares of the technology company’s stock worth $10,404,000 after purchasing an additional 193,721 shares during the last quarter.
In related news, SVP Alan Kerr bought 2,750 shares of the firm’s stock in a transaction that occurred on Friday, November 3rd. The shares were acquired at an average cost of $18.28 per share, with a total value of $50,270.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Gale S. Fitzgerald purchased 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 23rd. The stock was bought at an average price of $18.14 per share, with a total value of $90,700.00. The disclosure for this purchase can be found here. Corporate insiders own 1.37% of the company’s stock.
Diebold, Incorporated (DBD) traded up $0.55 on Tuesday, reaching $18.85. 1,404,100 shares of the company’s stock were exchanged, compared to its average volume of 1,048,222. Diebold, Incorporated has a one year low of $16.00 and a one year high of $31.85. The stock has a market capitalization of $1,380.00, a PE ratio of 17.26 and a beta of 1.93. The company has a quick ratio of 1.01, a current ratio of 1.47 and a debt-to-equity ratio of 3.00.
Diebold, (NYSE:DBD) last posted its earnings results on Tuesday, October 31st. The technology company reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.40. The company had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.17 billion. Diebold, had a negative net margin of 4.40% and a positive return on equity of 11.39%. Diebold,’s revenue was up 14.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.34 EPS. analysts predict that Diebold, Incorporated will post 1.09 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Friday, November 17th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 2.12%. The ex-dividend date of this dividend is Thursday, November 16th. Diebold,’s payout ratio is currently -14.87%.
DBD has been the topic of several recent analyst reports. Imperial Capital set a $24.00 target price on Diebold, and gave the stock a “hold” rating in a research note on Tuesday, October 17th. Zacks Investment Research raised shares of Diebold, from a “sell” rating to a “hold” rating in a report on Tuesday, September 19th. Lake Street Capital downgraded shares of Diebold, from a “buy” rating to a “hold” rating and dropped their price objective for the company from $30.00 to $23.00 in a report on Tuesday, October 31st. KeyCorp reissued a “hold” rating on shares of Diebold, in a report on Friday, October 20th. Finally, J P Morgan Chase & Co decreased their target price on shares of Diebold, from $31.00 to $29.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 1st. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company’s stock. Diebold, has an average rating of “Hold” and an average price target of $26.75.
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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