Diebold Inc. (DBD) Sees Unusually-High Trading Volume
Diebold Inc. (NYSE:DBD) shares saw unusually-high trading volume on Monday . Approximately 1,700,475 shares changed hands during mid-day trading, an increase of 122% from the previous session’s volume of 767,570 shares.The stock last traded at $28.40 and had previously closed at $28.17.
DBD has been the subject of a number of research analyst reports. Imperial Capital decreased their target price on Diebold from $32.00 to $29.00 and set an “in-line” rating for the company in a research note on Tuesday, May 3rd. Zacks Investment Research cut Diebold from a “buy” rating to a “hold” rating in a research report on Monday, May 2nd. Wedbush reaffirmed an “outperform” rating and set a $40.00 price objective on shares of Diebold in a research report on Thursday, August 4th. JPMorgan Chase & Co. assumed coverage on Diebold in a research report on Monday. They set a “neutral” rating and a $33.00 price objective for the company. Finally, Pacific Crest reaffirmed a “sector weight” rating on shares of Diebold in a research report on Tuesday, July 5th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $32.50.
The company’s 50-day moving average is $26.29 and its 200 day moving average is $26.03. The company has a market capitalization of $1.80 billion and a PE ratio of 9.01.
Diebold (NYSE:DBD) last announced its earnings results on Thursday, July 28th. The company reported $0.43 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.20 by $0.23. During the same period in the prior year, the business earned $0.44 earnings per share. The company had revenue of $580 million for the quarter, compared to the consensus estimate of $594.01 million. The firm’s revenue for the quarter was down 10.0% on a year-over-year basis. Equities analysts predict that Diebold Inc. will post $1.52 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, August 3rd. Investors of record on Wednesday, July 27th were given a dividend of $0.2875 per share. This represents a $1.15 annualized dividend and a yield of 4.05%. The ex-dividend date of this dividend was Monday, July 25th.
In other news, Director Phillip R. Cox sold 3,534 shares of Diebold stock in a transaction dated Monday, May 23rd. The stock was sold at an average price of $24.00, for a total value of $84,816.00. Following the completion of the transaction, the director now directly owns 25,054 shares of the company’s stock, valued at approximately $601,296. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.
A hedge fund recently raised its stake in Diebold stock. Mutual of America Capital Management LLC raised its stake in Diebold Inc. (NYSE:DBD) by 3.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 44,905 shares of the company’s stock after buying an additional 1,642 shares during the period. Mutual of America Capital Management LLC owned 0.07% of Diebold worth $1,351,000 at the end of the most recent quarter.
Diebold, Incorporated is engaged in the business of financial self-service (FSS) and security solutions. The Company’s segments include North America (NA), Asia Pacific (AP), Europe, Middle East and Africa (EMEA), and Latin America (LA). It offers an integrated line of self-service solutions and technology, including automated teller machine (ATM) outsourcing, ATM security, deposit automation, recycling and payment terminals and software.
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