BlackRock Advisors LLC boosted its position in Diebold Inc. (NYSE:DBD) by 110.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 339,574 shares of the company’s stock after buying an additional 178,175 shares during the period. BlackRock Advisors LLC owned 0.52% of Diebold worth $8,432,000 as of its most recent filing with the SEC.
Several other large investors have also recently bought and sold shares of DBD. Tower Research Capital LLC TRC raised its position in shares of Diebold by 2,289.5% in the second quarter. Tower Research Capital LLC TRC now owns 5,926 shares of the company’s stock worth $147,000 after buying an additional 5,678 shares in the last quarter. Massmutual Trust Co. FSB ADV raised its stake in Diebold by 4.1% in the first quarter. Massmutual Trust Co. FSB ADV now owns 6,849 shares of the company’s stock worth $198,000 after buying an additional 268 shares during the period. Teacher Retirement System of Texas raised its stake in Diebold by 7.0% in the second quarter. Teacher Retirement System of Texas now owns 8,130 shares of the company’s stock worth $202,000 after buying an additional 530 shares during the period. GHP Investment Advisors Inc. raised its stake in Diebold by 24.5% in the second quarter. GHP Investment Advisors Inc. now owns 9,336 shares of the company’s stock worth $232,000 after buying an additional 1,838 shares during the period. Finally, Wedbush Securities Inc. acquired a new stake in Diebold during the second quarter worth about $232,000. 82.21% of the stock is owned by institutional investors.
Diebold (NYSE:DBD) last announced its earnings results on Thursday, July 28th. The company reported $0.43 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.20 by $0.23. Diebold had a return on equity of 19.56% and a net margin of 8.57%. The company had revenue of $580 million for the quarter, compared to analyst estimates of $594.01 million. During the same period in the prior year, the company posted $0.44 EPS. Diebold’s quarterly revenue was down 10.0% on a year-over-year basis.
A number of analysts have issued reports on the company. Zacks Investment Research raised Diebold from a “sell” rating to a “buy” rating and set a $28.00 target price on the stock in a report on Tuesday, July 5th. Pacific Crest reaffirmed a “hold” rating on shares of Diebold in a report on Friday, September 23rd. Wedbush reaffirmed an “outperform” rating and issued a $40.00 target price on shares of Diebold in a report on Thursday, August 4th. Finally, JPMorgan Chase & Co. assumed coverage on Diebold in a report on Monday, August 15th. They issued a “neutral” rating and a $33.00 target price on the stock. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. Diebold currently has a consensus rating of “Hold” and a consensus target price of $32.50.
Diebold Company Profile
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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