Deprince Race & Zollo Inc. lowered its stake in shares of Diebold Inc. (NYSE:DBD) by 3.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,069,006 shares of the company’s stock after selling 123,219 shares during the period. Diebold makes up about 1.5% of Deprince Race & Zollo Inc.’s investment portfolio, making the stock its largest position. Deprince Race & Zollo Inc.’s holdings in Diebold were worth $76,203,000 at the end of the most recent reporting period.
A number of other institutional investors also recently bought and sold shares of the stock. Renaissance Technologies LLC raised its position in 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 during the last quarter. Royal Bank of Canada raised its position in shares of Diebold by 27.9% in the first quarter. Royal Bank of Canada now owns 935,235 shares of the company’s stock worth $27,037,000 after buying an additional 204,072 shares in the last quarter. Gradient Investments LLC raised its position in shares of Diebold by 519,412.1% in the second quarter. Gradient Investments LLC now owns 171,439 shares of the company’s stock worth $4,257,000 after buying an additional 171,406 shares in the last quarter. Wellington Management Group LLP raised its position in shares of Diebold by 5.3% in the first quarter. Wellington Management Group LLP now owns 2,375,192 shares of the company’s stock worth $68,667,000 after buying an additional 119,455 shares in the last quarter. Finally, Primecap Management Co. CA raised its position in shares of Diebold by 17.7% in the first quarter. Primecap Management Co. CA now owns 766,000 shares of the company’s stock worth $22,145,000 after buying an additional 115,000 shares in the last quarter. Institutional investors own 82.27% of the company’s stock.
Diebold Inc. (NYSE:DBD) traded up 1.39% during trading on Friday, hitting $24.79. 782,163 shares of the stock were exchanged. The firm has a market capitalization of $1.62 billion, a price-to-earnings ratio of 8.11 and a beta of 1.68. Diebold Inc. has a 1-year low of $22.84 and a 1-year high of $37.98. The company has a 50-day moving average price of $26.73 and a 200 day moving average price of $26.30.
Diebold (NYSE:DBD) last posted its quarterly earnings results on Thursday, July 28th. The company reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.23. The firm earned $580 million during the quarter, compared to analyst estimates of $594.01 million. Diebold had a return on equity of 19.56% and a net margin of 8.57%. Diebold’s quarterly revenue was down 10.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.44 EPS. Equities analysts predict that Diebold Inc. will post $1.50 earnings per share for the current fiscal year.
A number of brokerages have weighed in on DBD. Zacks Investment Research lowered shares of Diebold from a “buy” rating to a “hold” rating in a research report on Tuesday, August 23rd. JPMorgan Chase & Co. began coverage on shares of Diebold in a research report on Monday, August 15th. They set a “neutral” rating and a $33.00 target price for the company. Wedbush reiterated an “outperform” rating and set a $40.00 target price on shares of Diebold in a research report on Thursday, August 4th. Finally, Pacific Crest reiterated a “sector weight” rating on shares of Diebold in a research report on Tuesday, July 5th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock has an average 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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