Municipal Employees Retirement System of Michigan decreased its position in Diebold, Incorporated (NYSE:DBD) by 15.9% during the second quarter, Holdings Channel reports. The firm owned 29,130 shares of the technology company’s stock after selling 5,520 shares during the period. Municipal Employees Retirement System of Michigan’s holdings in Diebold, were worth $816,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Elkfork Partners LLC raised its position in shares of Diebold, by 19.8% in the first quarter. Elkfork Partners LLC now owns 3,322 shares of the technology company’s stock worth $102,000 after buying an additional 550 shares during the period. Meadow Creek Investment Management LLC raised its position in shares of Diebold, by 19.8% in the first quarter. Meadow Creek Investment Management LLC now owns 4,228 shares of the technology company’s stock worth $130,000 after buying an additional 700 shares during the period. Tower Research Capital LLC TRC raised its position in shares of Diebold, by 111.6% in the first quarter. Tower Research Capital LLC TRC now owns 4,510 shares of the technology company’s stock worth $138,000 after buying an additional 2,379 shares during the period. Creative Planning raised its position in shares of Diebold, by 2.3% in the second quarter. Creative Planning now owns 5,119 shares of the technology company’s stock worth $143,000 after buying an additional 116 shares during the period. Finally, Ledyard National Bank acquired a new position in shares of Diebold, during the first quarter worth about $152,000.

Diebold, Incorporated (DBD) opened at 21.00 on Tuesday. The firm’s market cap is $1.59 billion. Diebold, Incorporated has a 12 month low of $19.85 and a 12 month high of $31.85. The firm’s 50-day moving average price is $22.81 and its 200-day moving average price is $26.93.

Diebold, (NYSE:DBD) last released its quarterly earnings results on Wednesday, July 19th. The technology company reported $0.08 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.06 by $0.02. Diebold, had a positive return on equity of 7.25% and a negative net margin of 6.04%. The firm had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.10 billion. During the same period last year, the firm posted $0.43 EPS. The business’s revenue was up 95.5% on a year-over-year basis. Equities research analysts predict that Diebold, Incorporated will post $0.97 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, August 25th will be issued a dividend of $0.10 per share. The ex-dividend date is Wednesday, August 23rd. This represents a $0.40 dividend on an annualized basis and a yield of 1.90%. Diebold,’s dividend payout ratio is -10.90%.

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A number of brokerages have issued reports on DBD. Zacks Investment Research lowered Diebold, from a “hold” rating to a “sell” rating in a research report on Tuesday, June 20th. J P Morgan Chase & Co lowered Diebold, from an “overweight” rating to a “neutral” rating and set a $31.00 price target for the company. in a research report on Tuesday, August 8th. Feltl & Co. began coverage on Diebold, in a research report on Tuesday, April 18th. They set a “buy” rating for the company. Lake Street Capital began coverage on Diebold, in a research report on Monday, June 19th. They set a “buy” rating and a $38.00 price target for the company. Finally, BidaskClub lowered Diebold, from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 5th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $30.60.

In other Diebold, news, SVP Olaf Robert Heyden purchased 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 26th. The stock was purchased at an average cost of $23.28 per share, with a total value of $46,560.00. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Insiders have purchased a total of 8,000 shares of company stock valued at $179,440 over the last ninety days. Insiders own 1.37% of the company’s stock.

About Diebold,

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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Institutional Ownership by Quarter for Diebold, (NYSE:DBD)

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