Alpine Partners VI LLC acquired a new stake in Diebold Inc. (NYSE:DBD) during the second quarter, Holdings Channel reports. The firm acquired 19,518 shares of the company’s stock, valued at approximately $485,000.
Other large investors also recently added to or reduced their stakes in the company. Commonwealth Equity Services Inc raised 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 shares of Diebold during the first quarter valued at about $539,000. Teachers Advisors Inc. raised its stake in shares of Diebold by 9.5% in the first quarter. Teachers Advisors Inc. now owns 110,226 shares of the company’s stock valued at $3,187,000 after buying an additional 9,528 shares in the last quarter. BlackRock Inc. raised its stake in shares of Diebold by 10.0% in the first quarter. BlackRock Inc. now owns 26,768 shares of the company’s stock valued at $774,000 after buying an additional 2,431 shares in the last quarter. Finally, 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. 82.27% of the stock is owned by institutional investors and hedge funds.
Diebold Inc. (NYSE:DBD) opened at 25.10 on Thursday. Diebold Inc. has a 12-month low of $22.84 and a 12-month high of $37.98. The company has a market capitalization of $1.64 billion, a price-to-earnings ratio of 8.21 and a beta of 1.83. The firm’s 50-day moving average price is $26.36 and its 200 day moving average price is $26.26.
Diebold (NYSE:DBD) last posted its quarterly earnings data on Thursday, July 28th. The company reported $0.43 EPS for the quarter, topping the Zacks’ consensus estimate of $0.20 by $0.23. Diebold had a net margin of 8.57% and a return on equity of 19.56%. The company earned $580 million during the quarter, compared to the consensus estimate of $594.01 million. During the same period in the prior year, the business posted $0.44 EPS. The company’s quarterly revenue was down 10.0% on a year-over-year basis. On average, equities research analysts expect that Diebold Inc. will post $1.50 EPS for the current fiscal year.
Several analysts recently issued reports on the company. Zacks Investment Research lowered Diebold from a “hold” rating to a “strong sell” rating in a report on Wednesday, September 28th. JPMorgan Chase & Co. upgraded Diebold from a “neutral” rating to an “overweight” rating and set a $33.00 price objective for the company in a report on Monday, September 26th. Pacific Crest reiterated a “hold” rating on shares of Diebold in a report on Friday, September 23rd. Finally, Wedbush reiterated an “outperform” rating and set a $40.00 price objective on shares of Diebold in a report on Thursday, August 4th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. The company 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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