New York State Teachers Retirement System continued to hold its stake in Diebold Inc. (NYSE:DBD) during the second quarter, Holdings Channel reports. The fund owned 100,599 shares of the company’s stock at the end of the second quarter. New York State Teachers Retirement System’s holdings in Diebold were worth $2,498,000 as of its most recent filing with the SEC.
A number of other large investors also recently added to or reduced their stakes in DBD. UBS Asset Management Americas Inc. boosted its stake in Diebold by 0.6% in the first quarter. UBS Asset Management Americas Inc. now owns 51,071 shares of the company’s stock worth $1,477,000 after buying an additional 281 shares in the last quarter. Macnealy Hoover Investment Management Inc. boosted its stake in shares of Diebold by 0.6% in the second quarter. Macnealy Hoover Investment Management Inc. now owns 66,655 shares of the company’s stock valued at $1,655,000 after buying an additional 425 shares during the period. M&T Bank Corp boosted its stake in shares of Diebold by 1.2% in the first quarter. M&T Bank Corp now owns 55,072 shares of the company’s stock valued at $1,592,000 after buying an additional 668 shares during the period. Nisa Investment Advisors LLC boosted its stake in shares of Diebold by 6.7% in the second quarter. Nisa Investment Advisors LLC now owns 16,000 shares of the company’s stock valued at $397,000 after buying an additional 1,000 shares during the period. Finally, Parametrica Management Ltd boosted its stake in shares of Diebold by 18.1% in the second quarter. Parametrica Management Ltd now owns 9,852 shares of the company’s stock valued at $245,000 after buying an additional 1,507 shares during the period. 82.21% of the stock is currently owned by hedge funds and other institutional investors.
Diebold Inc. (NYSE:DBD) traded down 1.42% on Friday, hitting $22.89. The stock had a trading volume of 482,514 shares. Diebold Inc. has a one year low of $22.84 and a one year high of $37.98. The stock’s 50 day moving average is $25.47 and its 200 day moving average is $26.08. The stock has a market cap of $1.49 billion, a price-to-earnings ratio of 7.49 and a beta of 1.83.
Diebold (NYSE:DBD) last released its quarterly earnings data on Thursday, July 28th. The company reported $0.43 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.20 by $0.23. The firm earned $580 million during the quarter, compared to analysts’ expectations of $594.01 million. Diebold had a return on equity of 19.56% and a net margin of 8.57%. Diebold’s revenue was down 10.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.44 earnings per share. Analysts anticipate that Diebold Inc. will post $1.42 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 9th. Shareholders of record on Friday, November 18th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.75%. Diebold’s payout ratio is 36.98%.
Several brokerages have issued reports on DBD. Zacks Investment Research cut shares of Diebold from a “buy” rating to a “hold” rating in a research note on Tuesday, August 23rd. JPMorgan Chase & Co. began coverage on shares of Diebold in a research note on Monday, August 15th. They set a “neutral” rating and a $33.00 target price on the stock. Wedbush reaffirmed an “outperform” rating and set a $40.00 target price on shares of Diebold in a research note on Thursday, August 4th. Finally, Pacific Crest reaffirmed a “sector weight” rating on shares of Diebold in a research note on Tuesday, July 5th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $32.50.
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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