Diebold, Incorporated (NYSE:DBD) Position Boosted by Louisiana State Employees Retirement System
Louisiana State Employees Retirement System raised its stake in shares of Diebold, Incorporated (NYSE:DBD) by 3.1% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 19,700 shares of the technology company’s stock after buying an additional 600 shares during the period. Louisiana State Employees Retirement System’s holdings in Diebold, were worth $552,000 as of its most recent filing with the SEC.
Other hedge funds have also bought and sold shares of the company. Elkfork Partners LLC boosted its stake in Diebold, by 19.8% in the first quarter. Elkfork Partners LLC now owns 3,322 shares of the technology company’s stock valued at $102,000 after buying an additional 550 shares in the last quarter. Meadow Creek Investment Management LLC boosted its stake in Diebold, by 19.8% in the first quarter. Meadow Creek Investment Management LLC now owns 4,228 shares of the technology company’s stock valued at $130,000 after buying an additional 700 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake in Diebold, by 111.6% in the first quarter. Tower Research Capital LLC TRC now owns 4,510 shares of the technology company’s stock valued at $138,000 after buying an additional 2,379 shares in the last quarter. Creative Planning boosted its stake in Diebold, by 2.3% in the second quarter. Creative Planning now owns 5,119 shares of the technology company’s stock valued at $143,000 after buying an additional 116 shares in the last quarter. Finally, Ledyard National Bank acquired a new stake in Diebold, during the first quarter valued at approximately $152,000.
Diebold, Incorporated (DBD) traded down 1.91% during trading on Thursday, reaching $20.55. The company had a trading volume of 385,843 shares. The company has a 50-day moving average of $23.32 and a 200-day moving average of $27.06. Diebold, Incorporated has a 52-week low of $19.95 and a 52-week high of $31.85. The firm’s market capitalization is $1.55 billion.
Diebold, (NYSE:DBD) last issued its quarterly earnings data on Wednesday, July 19th. The technology company reported $0.08 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.06 by $0.02. The business had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.10 billion. Diebold, had a positive return on equity of 7.25% and a negative net margin of 6.04%. The business’s revenue was up 95.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.43 earnings per share. Analysts expect that Diebold, Incorporated will post $0.97 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, August 25th will be given a dividend of $0.10 per share. The ex-dividend date is Wednesday, August 23rd. This represents a $0.40 annualized dividend and a dividend yield of 1.91%. Diebold,’s dividend payout ratio is presently -10.90%.
Several analysts have recently commented on DBD shares. Lake Street Capital reduced their price target on Diebold, from $38.00 to $30.00 and set a “buy” rating for the company in a report on Thursday, July 6th. Feltl & Co. started coverage on Diebold, in a report on Tuesday, April 18th. They issued a “buy” rating for the company. Zacks Investment Research raised Diebold, from a “strong sell” rating to a “hold” rating in a report on Wednesday, April 12th. J P Morgan Chase & Co cut Diebold, from an “overweight” rating to a “neutral” rating and set a $31.00 price target for the company. in a report on Tuesday. Finally, BidaskClub cut Diebold, from a “sell” rating to a “strong sell” rating in a report on Saturday, August 5th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $30.60.
In other Diebold, news, CFO Christopher A. Chapman acquired 2,000 shares of Diebold, stock in a transaction dated Friday, July 21st. The stock was acquired at an average cost of $21.53 per share, for a total transaction of $43,060.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Phillip R. Cox sold 4,504 shares of the business’s stock in a transaction that occurred on Friday, May 12th. The stock was 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. Over the last quarter, insiders have bought 8,000 shares of company stock valued at $179,440. Insiders own 1.37% of the company’s stock.
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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