Municipal Employees Retirement System of Michigan cut its stake in shares of Diebold, Incorporated (NYSE:DBD) by 15.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. Elkfork Partners LLC increased its stake in Diebold, by 19.8% in the first quarter. Elkfork Partners LLC now owns 3,322 shares of the technology company’s stock valued at $102,000 after buying an additional 550 shares during the last quarter. Meadow Creek Investment Management LLC increased its stake in Diebold, by 19.8% in the first quarter. Meadow Creek Investment Management LLC now owns 4,228 shares of the technology company’s stock valued at $130,000 after buying an additional 700 shares during the last quarter. Tower Research Capital LLC TRC increased its stake in Diebold, by 111.6% in the first quarter. Tower Research Capital LLC TRC now owns 4,510 shares of the technology company’s stock valued at $138,000 after buying an additional 2,379 shares during the last quarter. Ledyard National Bank purchased a new stake in Diebold, during the first quarter valued at $152,000. Finally, Creative Planning increased its stake in Diebold, by 2.3% in the second quarter. Creative Planning now owns 5,119 shares of the technology company’s stock valued at $143,000 after buying an additional 116 shares during the last quarter.
Shares of Diebold, Incorporated (NYSE:DBD) opened at 21.00 on Tuesday. The firm’s market capitalization is $1.59 billion. The company’s 50 day moving average price is $22.81 and its 200 day moving average price is $26.93. Diebold, Incorporated has a one year low of $19.85 and a one year high of $31.85.
Diebold, (NYSE:DBD) last issued its quarterly earnings data on Wednesday, July 19th. The technology company reported $0.08 EPS for the quarter, topping the Zacks’ consensus estimate of $0.06 by $0.02. The firm had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.10 billion. Diebold, had a positive return on equity of 7.25% and a negative net margin of 6.04%. The firm’s revenue was up 95.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.43 EPS. On average, analysts expect that Diebold, Incorporated will post $0.97 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, August 25th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Wednesday, August 23rd. This represents a $0.40 dividend on an annualized basis and a yield of 1.90%. Diebold,’s payout ratio is currently -10.90%.
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Several equities research analysts have recently weighed in on the company. J P Morgan Chase & Co downgraded Diebold, from an “overweight” rating to a “neutral” rating and set a $31.00 price objective for the company. in a report on Tuesday, August 8th. BidaskClub downgraded Diebold, from a “sell” rating to a “strong sell” rating in a report on Saturday, August 5th. Lake Street Capital assumed coverage on Diebold, in a report on Monday, June 19th. They issued a “buy” rating and a $38.00 price objective for the company. Zacks Investment Research downgraded Diebold, from a “hold” rating to a “sell” rating in a report on Tuesday, June 20th. Finally, Feltl & Co. assumed coverage on Diebold, in a report on Tuesday, April 18th. They issued a “buy” rating for the company. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $30.60.
In related news, CFO Christopher A. Chapman acquired 2,000 shares of the stock in a transaction that occurred on Friday, July 21st. The stock was purchased at an average cost of $21.53 per share, for a total transaction of $43,060.00. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Over the last 90 days, insiders have purchased 8,000 shares of company stock valued at $179,440. 1.37% of the stock is owned by company insiders.
Diebold, Company Profile
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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