Advisor Consultant Network Inc. Takes Position in Diebold Inc. (DBD)
Advisor Consultant Network Inc. purchased a new position in Diebold Inc. (NYSE:DBD) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 201,848 shares of the company’s stock, valued at approximately $5,004,000. Advisor Consultant Network Inc. owned about 0.31% of Diebold at the end of the most recent quarter.
Several other large investors have also recently modified their holdings of the company. Creative Planning increased its stake in shares of Diebold by 6.7% in the third quarter. Creative Planning now owns 5,019 shares of the company’s stock worth $124,000 after buying an additional 317 shares during the period. Fifth Third Bancorp increased its stake in shares of Diebold by 19.5% in the second quarter. Fifth Third Bancorp now owns 5,410 shares of the company’s stock worth $134,000 after buying an additional 884 shares during the period. Tower Research Capital LLC TRC increased its stake 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 during the period. Public Employees Retirement System of Ohio increased its stake in shares of Diebold by 7.8% in the second quarter. Public Employees Retirement System of Ohio now owns 6,512 shares of the company’s stock worth $162,000 after buying an additional 469 shares during the period. Finally, Amalgamated Bank increased its stake in shares of Diebold by 4.4% in the second quarter. Amalgamated Bank now owns 7,446 shares of the company’s stock worth $212,000 after buying an additional 317 shares during the period. Institutional investors and hedge funds own 90.93% of the company’s stock.
Diebold Inc. (NYSE:DBD) traded up 0.66% during midday trading on Wednesday, hitting $22.80. 1,252,939 shares of the company traded hands. The company has a market cap of $1.71 billion, a PE ratio of 19.79 and a beta of 1.88. Diebold Inc. has a 12-month low of $21.05 and a 12-month high of $35.23. The stock has a 50 day moving average price of $22.88 and a 200-day moving average price of $25.20.
Diebold (NYSE:DBD) last issued its quarterly earnings results on Tuesday, November 15th. The company reported $0.34 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.29 by $0.05. Diebold had a net margin of 2.99% and a return on equity of 14.62%. The company earned $983.30 million during the quarter, compared to the consensus estimate of $996.42 million. During the same period in the prior year, the company earned $0.36 EPS. Diebold’s revenue was up 66.8% on a year-over-year basis. Analysts expect that Diebold Inc. will post $1.28 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 9th. Shareholders of record on Friday, November 18th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date is Wednesday, November 16th. Diebold’s payout ratio is 29.85%.
Several equities research analysts recently issued reports on the stock. Zacks Investment Research raised shares of Diebold from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 22nd. Pacific Crest reissued a “hold” rating on shares of Diebold in a research report on Friday, September 23rd. JPMorgan Chase & Co. assumed coverage on shares of Diebold in a research report on Monday, August 15th. They issued a “neutral” rating and a $33.00 target price on the stock. Finally, Wedbush reissued an “outperform” rating and issued a $40.00 target price on shares of Diebold in a research report on Thursday, August 4th. Three research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. Diebold currently has an average rating of “Buy” and an average target price of $32.00.
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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