Tocqueville Asset Management L.P. increased its stake in shares of Diebold Inc. (NYSE:DBD) by 52.1% during the second quarter, Holdings Channel reports. The institutional investor owned 539,883 shares of the company’s stock after buying an additional 184,885 shares during the period. Tocqueville Asset Management L.P.’s holdings in Diebold were worth $13,405,000 as of its most recent filing with the SEC.
Several other large investors also recently bought and sold shares of DBD. Parametrica Management Ltd boosted its stake in 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. Fox Run Management L.L.C. purchased a new position in Diebold during the second quarter valued at approximately $295,000. Court Place Advisors LLC raised its position in Diebold by 54.2% in the second quarter. Court Place Advisors LLC now owns 12,375 shares of the company’s stock valued at $307,000 after buying an additional 4,350 shares in the last quarter. Nisa Investment Advisors LLC raised its position in 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 in the last quarter. Finally, Ngam Advisors L.P. purchased a new position in Diebold during the first quarter valued at approximately $539,000. 82.21% of the stock is owned by hedge funds and other institutional investors.
Shares of Diebold Inc. (NYSE:DBD) traded down 1.34% during mid-day trading on Friday, reaching $22.91. The company’s stock had a trading volume of 327,238 shares. Diebold Inc. has a 52 week low of $22.84 and a 52 week high of $37.98. The firm has a market capitalization of $1.49 billion, a PE ratio of 7.50 and a beta of 1.83. The firm has a 50-day moving average of $25.63 and a 200-day moving average of $26.13.
Diebold (NYSE:DBD) last issued its quarterly earnings results on Thursday, July 28th. The company reported $0.43 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.20 by $0.23. The company earned $580 million during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period in the previous year, the firm posted $0.44 EPS. Equities research analysts forecast that Diebold Inc. will post $1.42 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 9th. Stockholders of record on Friday, November 18th will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.72%. Diebold’s payout ratio is 36.98%.
Several research firms have recently commented on DBD. Zacks Investment Research lowered Diebold from a “buy” rating to a “hold” rating in a research report on Tuesday, August 23rd. JPMorgan Chase & Co. initiated coverage on Diebold in a report on Monday, August 15th. They issued a “neutral” rating and a $33.00 target price for the company. Wedbush reiterated an “outperform” rating and issued a $40.00 target price on shares of Diebold in a report on Thursday, August 4th. Finally, Pacific Crest reiterated a “sector weight” rating on shares of Diebold in a report on Tuesday, July 5th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target 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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