Zacks Investment Research Lowers Diebold, Incorporated (DBD) to Sell
Diebold, Incorporated (NYSE:DBD) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Tuesday.
According to Zacks, “Diebold Incorporated develops, manufactures, sells and services automated teller machines, electronic and physical security systems, various products used to equip bank facilities, software and integrated systems for global financial and commercial markets. Sales of systems and equipment are made directly to customers by the company’s sales personnel and by manufacturer’s representatives and distributors. The sales/support organization works closely with customers and their consultants to analyze and fulfill the customers’ needs. “
DBD has been the topic of several other reports. Feltl & Co. began coverage on shares of Diebold, in a research report on Tuesday, April 18th. They issued a “buy” rating on the stock. Lake Street Capital began coverage on shares of Diebold, in a research report on Monday, June 19th. They issued a “buy” rating and a $38.00 price objective on the stock. One research analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $32.50.
Diebold, (NYSE:DBD) traded up 0.95% during mid-day trading on Tuesday, reaching $21.35. 1,254,962 shares of the company’s stock traded hands. The firm’s market cap is $1.61 billion. Diebold, has a 1-year low of $19.95 and a 1-year high of $31.85. The firm has a 50 day moving average of $26.93 and a 200 day moving average of $27.66.
Diebold, (NYSE:DBD) last posted its quarterly earnings results on Thursday, May 4th. The technology company reported $0.08 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.01 by $0.07. Diebold, had a negative net margin of 6.65% and a positive return on equity of 9.88%. The firm had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.17 billion. During the same period in the prior year, the firm posted ($0.03) earnings per share. The company’s quarterly revenue was up 116.4% compared to the same quarter last year. Analysts forecast that Diebold, will post $1.16 EPS for the current year.
In other news, Director Phillip R. Cox sold 4,504 shares of the stock in a transaction dated Friday, May 12th. The shares were sold at an average price of $27.01, for a total value of $121,653.04. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.37% of the stock is owned by corporate insiders.
Institutional investors have recently modified their holdings of the stock. Elkfork Partners LLC raised its position in shares of Diebold, by 19.8% in the first quarter. Elkfork Partners LLC now owns 3,322 shares of the technology company’s stock valued at $102,000 after buying an additional 550 shares during the last quarter. Meadow Creek Investment Management LLC raised its position in shares of Diebold, by 19.8% in the first quarter. Meadow Creek Investment Management LLC now owns 4,228 shares of the technology company’s stock valued at $130,000 after buying an additional 700 shares during the last quarter. Tower Research Capital LLC TRC raised its position in shares of Diebold, by 111.6% in the first quarter. Tower Research Capital LLC TRC now owns 4,510 shares of the technology company’s stock valued at $138,000 after buying an additional 2,379 shares during the last quarter. Ledyard National Bank bought a new position in shares of Diebold, during the first quarter valued at $152,000. Finally, Glen Harbor Capital Management LLC raised its position in shares of Diebold, by 19.8% in the first quarter. Glen Harbor Capital Management LLC now owns 5,134 shares of the technology company’s stock valued at $158,000 after buying an additional 850 shares during the last quarter.
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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