BlackRock Inc. increased its position in Diebold Inc. (NYSE:DBD) by 14.3% during the third quarter, Holdings Channel reports. The institutional investor owned 42,314 shares of the company’s stock after buying an additional 5,283 shares during the period. BlackRock Inc. owned 0.06% of Diebold worth $1,049,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of the company. GHP Investment Advisors Inc. boosted its position in shares of Diebold by 0.5% in the third quarter. GHP Investment Advisors Inc. now owns 9,386 shares of the company’s stock worth $233,000 after buying an additional 50 shares in the last quarter. Rothschild Investment Corp IL raised its stake in shares of Diebold by 1.0% in the third quarter. Rothschild Investment Corp IL now owns 19,715 shares of the company’s stock worth $489,000 after buying an additional 200 shares during the last quarter. Ameritas Investment Partners Inc. raised its stake in shares of Diebold by 1.5% in the second quarter. Ameritas Investment Partners Inc. now owns 14,955 shares of the company’s stock worth $371,000 after buying an additional 227 shares during the last quarter. Amalgamated Bank raised its stake in shares of Diebold by 4.4% in the second quarter. Amalgamated Bank now owns 7,446 shares of the company’s stock worth $212,000 after buying an additional 317 shares during the last quarter. Finally, Creative Planning raised its stake in shares of Diebold by 6.7% in the third quarter. Creative Planning now owns 5,019 shares of the company’s stock worth $124,000 after buying an additional 317 shares during the last quarter. 90.59% of the stock is currently owned by hedge funds and other institutional investors.
Diebold Inc. (NYSE:DBD) traded down 0.59% during midday trading on Thursday, reaching $25.15. The company had a trading volume of 1,087,155 shares. The company has a market cap of $1.89 billion, a PE ratio of 21.83 and a beta of 1.88. The company’s 50-day moving average is $24.83 and its 200 day moving average is $25.12. Diebold Inc. has a 52-week low of $21.05 and a 52-week high of $29.75.
Diebold (NYSE:DBD) last announced its quarterly earnings results on Tuesday, November 15th. The company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.05. Diebold had a return on equity of 14.62% and a net margin of 2.99%. The company earned $983.30 million during the quarter, compared to the consensus estimate of $996.42 million. The company’s revenue for the quarter was up 66.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.36 earnings per share. On average, equities research analysts forecast that Diebold Inc. will post $1.08 EPS for the current year.
A number of brokerages have commented on DBD. Imperial Capital upgraded Diebold from an “in-line” rating to an “outperform” rating and raised their price objective for the stock from $29.00 to $30.00 in a research report on Thursday. Zacks Investment Research lowered Diebold from a “hold” rating to a “sell” rating in a report on Tuesday. Pacific Crest reiterated a “hold” rating on shares of Diebold in a report on Friday, September 23rd. Finally, JPMorgan Chase & Co. upgraded Diebold from a “neutral” rating to an “overweight” rating and set a $33.00 price target for the company in a report on Monday, September 26th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $32.25.
Diebold Nixdorf Inc, formerly 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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