Diebold, Incorporated (DBD) Upgraded by J P Morgan Chase & Co to “Overweight”
J P Morgan Chase & Co upgraded shares of Diebold, Incorporated (NYSE:DBD) from a neutral rating to an overweight rating in a research report report published on Thursday. J P Morgan Chase & Co currently has $24.00 price objective on the technology company’s stock.
A number of other brokerages have also recently commented on DBD. Imperial Capital set a $24.00 price target on shares of Diebold, and gave the stock a hold rating in a research note on Tuesday, October 17th. Credit Suisse Group restated an outperform rating on shares of Diebold, in a research note on Tuesday, September 5th. BidaskClub cut shares of Diebold, from a sell rating to a strong sell rating in a research note on Saturday, August 5th. KeyCorp restated a hold rating on shares of Diebold, in a research note on Friday, October 20th. Finally, Zacks Investment Research upgraded shares of Diebold, from a strong sell rating to a hold rating in a research note on Wednesday, November 1st. One analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of Hold and an average target price of $26.75.
Diebold, (DBD) traded up $0.45 during mid-day trading on Thursday, reaching $18.30. The company had a trading volume of 1,166,262 shares, compared to its average volume of 1,046,626. Diebold, has a fifty-two week low of $16.00 and a fifty-two week high of $31.85. The firm has a market capitalization of $1,350.00, a P/E ratio of 15.99 and a beta of 1.93. The company has a current ratio of 1.47, a quick ratio of 1.01 and a debt-to-equity ratio of 3.00.
Diebold, (NYSE:DBD) last released its earnings results on Tuesday, October 31st. The technology company reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.40. The business had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.17 billion. Diebold, had a positive return on equity of 11.39% and a negative net margin of 4.40%. The firm’s revenue for the quarter was up 14.2% compared to the same quarter last year. During the same period last year, the business earned $0.34 earnings per share. research analysts predict that Diebold, will post 1.09 EPS for the current fiscal year.
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The company also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Stockholders of record on Friday, November 17th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.19%. The ex-dividend date is Thursday, November 16th. Diebold,’s dividend payout ratio (DPR) is currently -14.87%.
In related news, Director Gale S. Fitzgerald purchased 5,000 shares of the stock in a transaction that occurred on Wednesday, August 23rd. The stock was acquired at an average price of $18.14 per share, with a total value of $90,700.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Henry D. G. Wallace purchased 10,000 shares of the stock in a transaction that occurred on Monday, August 21st. The stock was bought at an average cost of $19.08 per share, with a total value of $190,800.00. The disclosure for this purchase can be found here. Insiders bought 17,750 shares of company stock valued at $331,770 in the last quarter. 1.37% of the stock is currently owned by corporate insiders.
Institutional investors have recently modified their holdings of the stock. Neuberger Berman Group LLC grew its holdings in Diebold, by 1,648.3% during the 3rd quarter. Neuberger Berman Group LLC now owns 655,605 shares of the technology company’s stock worth $14,981,000 after acquiring an additional 618,105 shares during the period. California Public Employees Retirement System grew its holdings in Diebold, by 5.2% during the 3rd quarter. California Public Employees Retirement System now owns 207,751 shares of the technology company’s stock worth $4,747,000 after acquiring an additional 10,251 shares during the period. Ladenburg Thalmann Financial Services Inc. grew its holdings in Diebold, by 52.7% during the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 12,238 shares of the technology company’s stock worth $280,000 after acquiring an additional 4,224 shares during the period. Zions Bancorporation acquired a new stake in Diebold, during the 3rd quarter worth $114,000. Finally, Atlantic Investment Management Inc. grew its holdings in Diebold, by 8.0% during the 3rd quarter. Atlantic Investment Management Inc. now owns 6,481,819 shares of the technology company’s stock worth $148,110,000 after acquiring an additional 481,819 shares during the period.
Diebold, Company Profile
Diebold Nixdorf, Incorporated provides connected commerce services, software and technology. The Company’s geographic segments include North America (NA), Asia Pacific (AP), Europe, Middle East and Africa (EMEA), and Latin America (LA). These segments sell and service financial self-service (FSS), retail solutions and security systems.
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