Hot Stock for Investors: Diebold, Incorporated (DBD)

Marco Green
August 24, 2017

The stock traded as high as $19.35 and last traded at $19.10, with a volume of 2,321,731 shares traded. The stock had previously closed at $18.05. About 1.48M shares traded or 16.54% up from the average. The shares were purchased at an average price of $21.90. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1832 Asset Management Lp invested in 0% or 1,000 shares. The shares were purchased at an average cost of $23.28 per share, with a total value of $46,560.00. The disclosure for this purchase can be found here.

The company is so far trading up by 5.82 percent from yesterday's close.

A number of equities research analysts have recently weighed in on DBD shares. The company has an average rating of "Hold" and a consensus target price of $30.60. Finally, Zacks Investment Research cut Diebold, from a "hold" rating to a "sell" rating in a report on Tuesday, June 20th. J P Morgan Chase & Co cut Diebold, from an "overweight" rating to a "neutral" rating and set a $31.00 price target for the a research note on Tuesday, August 8th. Finally, BidaskClub cut Diebold, from a "sell" rating to a "strong sell" rating in a research note on Saturday, August 5th.

Among 8 analysts covering Diebold Inc (NYSE:DBD), 5 have Buy rating, 0 Sell and 3 Hold. Several studies suggest that positive earnings surprises not only lead to an immediate hike in a stock's price, but also to a gradual increase over time.

The firm's market cap is $1.44 billion.

Company shares last traded at $19.10 which is significantly lower than the 50 day moving average which is $21.40 and which is quite a bit lower than the 200 day moving average of $26.56.

Diebold, (NYSE:DBD) last released its quarterly earnings results on Wednesday, July 19th. State Street Corp now owns 2,421,383 shares of the technology company's stock worth $67,796,000 after buying an additional 154,032 shares in the last quarter. Stoneridge Inv Ltd Limited Liability Company invested in 0.24% or 71,500 shares. Diebold, "s quarterly revenue was up 95.5% on a year-over-year basis". For the current quarter Diebold Nixdorf Inc (NYSE:DBD) has high EPS estimates of $0.21 in contradiction of low EPS estimates of $0.03.

Diebold, Incorporated on 6/29/2017 reported its EPS as $0.34 with the analysts projecting the EPS of the stock as $0.29. Shareholders of record on Friday, August 25th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 2.20%. The ex-dividend date was set for Wednesday the 17th of May 2017. Diebold, 's dividend payout ratio (DPR) is presently -10.90%. It is negative, as 28 investors sold Diebold Nixdorf Inc shares while 62 reduced holdings. Castleark Management LLC downsized its stake by shedding 84,927 shares a decrease of 17.3% as of 06/30/2017.

Vident Investment Advisory Llc decreased Ziopharm Oncology Inc (ZIOP) stake by 50% reported in 2016Q4 SEC filing. Creative Planning increased its stake in shares of Diebold, by 2.3% in the second quarter. Teachers Advisors LLC now owns 108,417 shares of the technology company's stock worth $2,727,000 after buying an additional 3,010 shares during the period. As of quarter end Ameritas Investment Partners, Inc. had acquired a total of 726 shares growing its holdings by 2.6%. Where the relative strength index (RSI) is a technical momentum indicator that compares the magnitude of recent gains to recent losses in an attempt to determine excess buying & selling conditions of an asset, it is one of the most popular technical indicators, computed on the basis of the speed and direction of a stock's price movement. Deprince Race & Zollo Inc. boosted its stake in shares of Diebold, by 3.4% in the second quarter. Coastline Trust Co now owns 8,375 shares of the technology company's stock worth $257,000 after buying an additional 65 shares during the period.

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