Diebold Inc. (DBD) Stock Price Up 2.8%
Diebold Inc. (NYSE:DBD) rose 2.8% during trading on Friday . The company traded as high as $29.01 and last traded at $28.97, with a volume of 1,015,261 shares. The stock had previously closed at $28.18.
DBD has been the subject of a number of recent research reports. Zacks Investment Research upgraded shares of Diebold from a “sell” rating to a “buy” rating and set a $28.00 price target for the company in a report on Tuesday, July 5th. Imperial Capital lowered their price target on shares of Diebold from $32.00 to $29.00 and set an “in-line” rating for the company in a report on Tuesday, May 3rd. JPMorgan Chase & Co. initiated coverage on shares of Diebold in a report on Monday, August 15th. They set a “neutral” rating and a $33.00 price target for the company. Wedbush reiterated an “outperform” rating and set a $40.00 price target on shares of Diebold in a report on Thursday, August 4th. Finally, Pacific Crest reiterated a “sector weight” rating on shares of Diebold in a report on Tuesday, July 5th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $32.50.
The stock’s 50 day moving average price is $26.77 and its 200-day moving average price is $26.07. The company has a market capitalization of $1.89 billion and a PE ratio of 9.48.
Diebold (NYSE:DBD) last issued its quarterly earnings results on Thursday, July 28th. The company reported $0.43 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.20 by $0.23. During the same period in the previous year, the company posted $0.44 earnings per share. The business earned $580 million during the quarter, compared to analyst estimates of $594.01 million. Diebold’s revenue was down 10.0% compared to the same quarter last year. Analysts anticipate that Diebold Inc. will post $1.52 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 3rd. Shareholders of record on Wednesday, July 27th were issued a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a yield of 3.97%. The ex-dividend date was Monday, July 25th.
In other Diebold news, Director Phillip R. Cox sold 3,534 shares of the company’s stock in a transaction dated Monday, May 23rd. The shares were sold at an average price of $24.00, for a total value of $84,816.00. Following the completion of the sale, the director now directly owns 25,054 shares of the company’s stock, valued at approximately $601,296. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
A hedge fund recently raised its stake in Diebold stock. Jennison Associates LLC boosted its position in shares of Diebold Inc. (NYSE:DBD) by 21.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,114,701 shares of the company’s stock after buying an additional 379,027 shares during the period. Jennison Associates LLC owned approximately 3.25% of Diebold worth $63,631,000 as of its most recent SEC filing.
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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