Diebold, Incorporated (DBD) Now Covered by Analysts at Lake Street Capital
Lake Street Capital assumed coverage on shares of Diebold, Incorporated (NYSE:DBD) in a report issued on Monday, Marketbeat.com reports. The firm issued a buy rating and a $38.00 price target on the technology company’s stock.
A number of other equities research analysts have also weighed in on DBD. Zacks Investment Research raised Diebold, from a sell rating to a hold rating in a research report on Tuesday, May 16th. Imperial Capital lowered Diebold, from an outperform rating to an in-line rating and set a $30.00 target price for the company. in a research report on Tuesday, March 7th. Credit Suisse Group assumed coverage on Diebold, in a research report on Wednesday, February 22nd. They set an outperform rating and a $36.00 target price for the company. Finally, Feltl & Co. assumed coverage on Diebold, in a research report on Tuesday, April 18th. They set a buy rating for the company. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock has a consensus rating of Buy and an average price target of $33.83.
Diebold, (NYSE DBD) traded down 0.984% during mid-day trading on Monday, reaching $27.675. The company’s stock had a trading volume of 85,751 shares. Diebold, has a 1-year low of $21.05 and a 1-year high of $31.85. The stock’s market capitalization is $2.09 billion. The stock’s 50 day moving average price is $27.26 and its 200 day moving average price is $27.52.
Diebold, (NYSE:DBD) last issued its earnings results on Thursday, May 4th. The technology company reported $0.08 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.01 by $0.07. The business had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.17 billion. Diebold, had a positive return on equity of 9.88% and a negative net margin of 6.65%. Diebold,’s revenue was up 116.4% on a year-over-year basis. During the same period in the previous year, the company posted ($0.03) EPS. Analysts expect that Diebold, will post $1.59 EPS for the current fiscal year.
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The firm also recently announced a quarterly dividend, which was paid on Friday, June 9th. Investors of record on Friday, May 19th were paid a dividend of $0.10 per share. The ex-dividend date was Wednesday, May 17th. This represents a $0.40 annualized dividend and a yield of 1.43%. Diebold,’s dividend payout ratio (DPR) is -11.17%.
In related news, Director Phillip R. Cox sold 4,504 shares of the business’s stock in a transaction on Friday, May 12th. The stock was sold at an average price of $27.01, for a total transaction of $121,653.04. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.37% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Norges Bank acquired a new position in shares of Diebold, during the fourth quarter valued at $42,154,000. Envestnet Asset Management Inc. increased its position in shares of Diebold, by 7.6% in the fourth quarter. Envestnet Asset Management Inc. now owns 9,594 shares of the technology company’s stock valued at $241,000 after buying an additional 681 shares during the period. Putnam Investments LLC increased its position in shares of Diebold, by 50.1% in the fourth quarter. Putnam Investments LLC now owns 26,464 shares of the technology company’s stock valued at $666,000 after buying an additional 8,828 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Diebold, by 3.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,418,721 shares of the technology company’s stock valued at $35,682,000 after buying an additional 50,302 shares during the period. Finally, FMR LLC increased its position in shares of Diebold, by 246.6% in the fourth quarter. FMR LLC now owns 895,212 shares of the technology company’s stock valued at $22,514,000 after buying an additional 636,891 shares during the period. Hedge funds and other institutional investors own 90.66% 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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