Diebold, Incorporated (NYSE:DBD) had its target price reduced by J P Morgan Chase & Co from $31.00 to $29.00 in a report issued on Wednesday, November 1st. They currently have a neutral rating on the technology company’s stock.
Several other equities research analysts also recently commented on DBD. Lake Street Capital downgraded Diebold, from a buy rating to a hold rating and reduced their price objective for the stock from $30.00 to $23.00 in a report on Tuesday, October 31st. KeyCorp reiterated a hold rating on shares of Diebold, in a report on Friday, October 20th. Zacks Investment Research downgraded Diebold, from a hold rating to a strong sell rating in a report on Thursday, October 19th. Imperial Capital set a $24.00 price objective on Diebold, and gave the stock a hold rating in a report on Tuesday, October 17th. Finally, Credit Suisse Group reiterated an outperform rating on shares of Diebold, in a report on Tuesday, September 5th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company. Diebold, currently has a consensus rating of Hold and an average price target of $26.75.
Diebold, (NYSE:DBD) traded up $0.55 on Wednesday, hitting $18.85. The stock had a trading volume of 1,404,132 shares, compared to its average volume of 1,048,222. The company has a current ratio of 1.47, a quick ratio of 1.01 and a debt-to-equity ratio of 3.00. The stock has a market cap of $1,380.00, a price-to-earnings ratio of 17.26 and a beta of 1.93. Diebold, has a 12-month low of $16.00 and a 12-month high of $31.85.
Diebold, (NYSE:DBD) last posted its quarterly earnings results on Tuesday, October 31st. The technology company reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.40. The firm had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.17 billion. Diebold, had a positive return on equity of 11.39% and a negative net margin of 4.40%. Diebold,’s quarterly revenue was up 14.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.34 EPS. equities analysts anticipate that Diebold, will post 1.09 EPS for the current fiscal year.
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The company also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Friday, November 17th will be paid a dividend of $0.10 per share. The ex-dividend date is Thursday, November 16th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.12%. Diebold,’s dividend payout ratio is currently -14.87%.
In other news, SVP Alan Kerr purchased 2,750 shares of the business’s stock in a transaction on Friday, November 3rd. The stock was acquired at an average cost of $18.28 per share, for a total transaction of $50,270.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Gale S. Fitzgerald acquired 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 23rd. The shares were 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. Insiders own 1.37% of the company’s stock.
Several large investors have recently made changes to their positions in the stock. Neuberger Berman Group LLC grew its stake in shares of Diebold, by 1,648.3% during the 3rd quarter. Neuberger Berman Group LLC now owns 655,605 shares of the technology company’s stock valued at $14,981,000 after acquiring an additional 618,105 shares during the period. California Public Employees Retirement System grew its stake in shares of Diebold, by 5.2% during the 3rd quarter. California Public Employees Retirement System now owns 207,751 shares of the technology company’s stock valued at $4,747,000 after acquiring an additional 10,251 shares during the period. Ladenburg Thalmann Financial Services Inc. grew its stake in shares of Diebold, by 52.7% during the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 12,238 shares of the technology company’s stock valued at $280,000 after acquiring an additional 4,224 shares during the period. Zions Bancorporation bought a new position in shares of Diebold, during the 3rd quarter valued at approximately $114,000. Finally, Atlantic Investment Management Inc. grew its stake in shares of Diebold, by 8.0% during the 3rd quarter. Atlantic Investment Management Inc. now owns 6,481,819 shares of the technology company’s stock valued at $148,110,000 after acquiring an additional 481,819 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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