Diebold, Incorporated (DBD) Stock Price Up 10.5%
Diebold, Incorporated (NYSE:DBD) rose 10.5% during trading on Thursday . The stock traded as high as $18.38 and last traded at $17.85. Approximately 2,788,427 shares traded hands during trading, an increase of 167% from the average daily volume of 1,046,088 shares. The stock had previously closed at $16.15.
Several equities research analysts recently issued reports on the company. Imperial Capital set a $24.00 price target on Diebold, and gave the stock a “hold” rating in a report on Tuesday, October 17th. Zacks Investment Research upgraded Diebold, from a “sell” rating to a “hold” rating in a report on Tuesday, September 19th. Lake Street Capital downgraded Diebold, from a “buy” rating to a “hold” rating and decreased their price target 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. Finally, J P Morgan Chase & Co decreased their price target on Diebold, from $31.00 to $29.00 and set a “neutral” rating for the company in a report on Wednesday, November 1st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $26.75.
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 capitalization of $1,350.00, a PE ratio of 15.99 and a beta of 1.93.
Diebold, (NYSE:DBD) last issued its quarterly earnings results on Tuesday, October 31st. The technology company reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.40. Diebold, had a positive return on equity of 11.39% and a negative net margin of 4.40%. The firm had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.17 billion. During the same quarter in the prior year, the firm earned $0.34 EPS. The business’s revenue for the quarter was up 14.2% compared to the same quarter last year. equities analysts forecast that Diebold, Incorporated will post 1.09 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Friday, November 17th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $0.40 dividend on an annualized basis and a yield of 2.19%. Diebold,’s dividend payout ratio (DPR) is -14.87%.
In other Diebold, news, SVP Alan Kerr bought 2,750 shares of the firm’s stock in a transaction on Friday, November 3rd. The shares were acquired at an average cost of $18.28 per share, for a total transaction of $50,270.00. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Gale S. Fitzgerald bought 5,000 shares of the firm’s stock in a transaction on Wednesday, August 23rd. The stock was acquired at an average price of $18.14 per share, for a total transaction of $90,700.00. The disclosure for this purchase can be found here. Insiders have purchased a total of 17,750 shares of company stock worth $331,770 in the last three months. 1.37% of the stock is currently owned by insiders.
Several institutional investors have recently made changes to their positions in DBD. Pzena Investment Management LLC bought a new position in shares of Diebold, during the 3rd quarter valued at about $42,254,000. Rice Hall James & Associates LLC bought a new position in shares of Diebold, during the 2nd quarter valued at about $17,371,000. Neuberger Berman Group LLC increased its position 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 purchasing an additional 618,105 shares during the last quarter. Russell Investments Group Ltd. boosted its holdings in Diebold, by 35.1% during the 2nd quarter. Russell Investments Group Ltd. now owns 2,193,350 shares of the technology company’s stock valued at $61,414,000 after acquiring an additional 569,754 shares during the period. Finally, Victory Capital Management Inc. boosted its holdings in Diebold, by 50.5% during the 2nd quarter. Victory Capital Management Inc. now owns 1,541,015 shares of the technology company’s stock valued at $43,148,000 after acquiring an additional 517,230 shares during the period.
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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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