Eaton Vance Management continued to hold its stake in shares of Diebold Inc. (NYSE:DBD) during the second quarter, according to its most recent filing with the SEC. The firm owned 13,193 shares of the company’s stock at the end of the second quarter. Eaton Vance Management’s holdings in Diebold were worth $328,000 at the end of the most recent reporting period.
Several other large investors have also modified their holdings of DBD. Commonwealth Equity Services Inc increased its stake in shares of Diebold by 10.7% in the first quarter. Commonwealth Equity Services Inc now owns 40,473 shares of the company’s stock valued at $1,170,000 after buying an additional 3,918 shares in the last quarter. Ngam Advisors L.P. purchased a new stake in Diebold during the first quarter worth $539,000. Teachers Advisors Inc. increased its stake in Diebold by 9.5% in the first quarter. Teachers Advisors Inc. now owns 110,226 shares of the company’s stock worth $3,187,000 after buying an additional 9,528 shares during the period. BlackRock Inc. increased its stake in Diebold by 10.0% in the first quarter. BlackRock Inc. now owns 26,768 shares of the company’s stock worth $774,000 after buying an additional 2,431 shares during the period. Finally, BlackRock Group LTD increased its stake in Diebold by 24.7% in the first quarter. BlackRock Group LTD now owns 39,727 shares of the company’s stock worth $1,148,000 after buying an additional 7,875 shares during the period. 82.27% of the stock is currently owned by institutional investors.
Diebold Inc. (NYSE:DBD) traded up 1.39% during midday trading on Friday, reaching $24.79. The company’s stock had a trading volume of 782,163 shares. The firm has a market cap of $1.62 billion, a P/E ratio of 8.11 and a beta of 1.68. Diebold Inc. has a 52 week low of $22.84 and a 52 week high of $37.98. The firm has a 50 day moving average price of $26.63 and a 200-day moving average price of $26.30.
Diebold (NYSE:DBD) last issued its earnings results on Thursday, July 28th. The company reported $0.43 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.20 by $0.23. The company had revenue of $580 million for the quarter, compared to analysts’ expectations of $594.01 million. Diebold had a net margin of 8.57% and a return on equity of 19.56%. Diebold’s quarterly revenue was down 10.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.44 EPS. On average, analysts forecast that Diebold Inc. will post $1.50 earnings per share for the current fiscal year.
A number of equities research analysts recently weighed in on DBD shares. Pacific Crest reissued a “sector weight” rating on shares of Diebold in a research report on Tuesday, July 5th. Zacks Investment Research raised Diebold from a “sell” rating to a “buy” rating and set a $28.00 target price on the stock in a research report on Tuesday, July 5th. Wedbush reissued an “outperform” rating and set a $40.00 target price on shares of Diebold in a research report on Thursday, August 4th. Finally, JPMorgan Chase & Co. started coverage on Diebold in a research report on Monday, August 15th. They set a “neutral” rating and a $33.00 target price on the stock. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price 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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