Zacks Investment Research upgraded shares of Diebold Inc. (NYSE:DBD) from a strong sell rating to a hold rating in a research report report published on Tuesday morning.
According to Zacks, “Diebold Incorporated develops, manufactures, sells and services automated teller machines, electronic and physical security systems, various products used to equip bank facilities, software and integrated systems for global financial and commercial markets. Sales of systems and equipment are made directly to customers by the company’s sales personnel and by manufacturer’s representatives and distributors. The sales/support organization works closely with customers and their consultants to analyze and fulfill the customers’ needs. “
Several other research firms have also weighed in on DBD. JPMorgan Chase & Co. assumed coverage on Diebold in a research note on Monday, August 15th. They set a neutral rating and a $33.00 price objective for the company. Wedbush reissued an outperform rating and set a $40.00 price objective on shares of Diebold in a research note on Thursday, August 4th. Finally, Pacific Crest reissued a hold rating on shares of Diebold in a research note on Friday, September 23rd. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Diebold presently has an average rating of Hold and an average target price of $32.50.
Shares of Diebold (NYSE:DBD) opened at 23.15 on Tuesday. Diebold has a 12 month low of $21.05 and a 12 month high of $35.23. The stock has a market cap of $1.74 billion, a P/E ratio of 20.10 and a beta of 1.88. The stock has a 50 day moving average price of $22.96 and a 200 day moving average price of $25.20.
Diebold (NYSE:DBD) last released its quarterly earnings data on Tuesday, November 15th. The company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.05. The business earned $983.30 million during the quarter, compared to analyst estimates of $996.42 million. Diebold had a return on equity of 14.62% and a net margin of 2.99%. The company’s revenue was up 66.8% compared to the same quarter last year. During the same period last year, the company posted $0.36 EPS. Equities analysts anticipate that Diebold will post $1.28 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 9th. Investors of record on Friday, November 18th will be issued a dividend of $0.10 per share. The ex-dividend date is Wednesday, November 16th. This represents a $0.40 annualized dividend and a dividend yield of 1.73%. Diebold’s dividend payout ratio is 29.85%.
Hedge funds have recently made changes to their positions in the company. BlackRock Group LTD raised its stake in shares of Diebold by 24.7% in the first quarter. BlackRock Group LTD now owns 39,727 shares of the company’s stock valued at $1,148,000 after buying an additional 7,875 shares in the last quarter. State Street Corp raised its stake in shares of Diebold by 1.7% in the first quarter. State Street Corp now owns 2,071,431 shares of the company’s stock valued at $59,882,000 after buying an additional 35,215 shares in the last quarter. UBS Asset Management Americas Inc. raised its stake in shares of Diebold by 0.6% in the first quarter. UBS Asset Management Americas Inc. now owns 51,071 shares of the company’s stock valued at $1,477,000 after buying an additional 281 shares in the last quarter. Renaissance Technologies LLC raised its stake in shares of Diebold by 634.6% in the first quarter. Renaissance Technologies LLC now owns 437,800 shares of the company’s stock valued at $12,657,000 after buying an additional 378,200 shares in the last quarter. Finally, Metropolitan Life Insurance Co. NY raised its stake in shares of Diebold by 2.2% in the first quarter. Metropolitan Life Insurance Co. NY now owns 102,759 shares of the company’s stock valued at $2,971,000 after buying an additional 2,239 shares in the last quarter. Institutional investors and hedge funds own 88.71% of the company’s stock.
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.