Diebold, Incorporated (NYSE:DBD) had its price target decreased by analysts at Lake Street Capital from $38.00 to $30.00 in a research note issued to investors on Thursday, Marketbeat reports. The brokerage currently has a “buy” rating on the technology company’s stock. Lake Street Capital’s price objective would indicate a potential upside of 42.86% from the company’s current price.
Several other equities research analysts also recently commented on DBD. Zacks Investment Research upgraded shares of Diebold, from a “strong sell” rating to a “hold” rating in a research report on Wednesday, April 12th. Feltl & Co. started coverage on shares of Diebold, in a research report on Tuesday, April 18th. They issued a “buy” rating on the stock. One analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $32.50.
Diebold, (NYSE:DBD) traded up 1.071% on Thursday, reaching $21.225. 223,700 shares of the company’s stock were exchanged. Diebold, has a 12 month low of $19.95 and a 12 month high of $31.85. The firm’s 50-day moving average is $26.93 and its 200-day moving average is $27.66. The firm’s market cap is $1.60 billion.
Diebold, (NYSE:DBD) last posted its earnings results on Thursday, May 4th. The technology company reported $0.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 company had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.17 billion. During the same quarter last year, the company posted ($0.03) EPS. Diebold,’s quarterly revenue was up 116.4% compared to the same quarter last year. On average, equities analysts forecast that Diebold, will post $1.16 earnings per share for the current year.
In related news, Director Phillip R. Cox sold 4,504 shares of the business’s stock in a transaction on Friday, May 12th. The shares were sold at an average price of $27.01, for a total transaction of $121,653.04. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 1.37% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. increased its position in Diebold, by 19,292.0% in the first quarter. BlackRock Inc. now owns 8,046,515 shares of the technology company’s stock worth $247,027,000 after buying an additional 8,005,021 shares during the last quarter. Wellington Management Group LLP increased its position in Diebold, by 1.0% in the first quarter. Wellington Management Group LLP now owns 2,409,990 shares of the technology company’s stock worth $73,987,000 after buying an additional 24,420 shares during the last quarter. State Street Corp increased its position in Diebold, by 1.6% in the first quarter. State Street Corp now owns 2,267,351 shares of the technology company’s stock worth $69,613,000 after buying an additional 34,617 shares during the last quarter. Norges Bank bought a new position in Diebold, during the fourth quarter worth about $42,154,000. Finally, Russell Investments Group Ltd. increased its position in Diebold, by 35.8% in the first quarter. Russell Investments Group Ltd. now owns 1,623,596 shares of the technology company’s stock worth $49,844,000 after buying an additional 428,149 shares during the last quarter. Institutional investors own 90.66% of the company’s stock.
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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