Fox Run Management L.L.C. Takes Position in Diebold, Incorporated (NYSE:DBD)

Fox Run Management L.L.C. purchased a new position in shares of Diebold, Incorporated (NYSE:DBD) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 12,400 shares of the technology company’s stock, valued at approximately $347,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Retirement Systems of Alabama increased its stake in Diebold, by 0.4% in the first quarter. Retirement Systems of Alabama now owns 97,398 shares of the technology company’s stock valued at $2,990,000 after buying an additional 367 shares during the last quarter. Ledyard National Bank acquired a new stake in shares of Diebold, during the first quarter valued at approximately $152,000. Coastline Trust Co increased its stake in shares of Diebold, by 0.8% in the first quarter. Coastline Trust Co now owns 8,375 shares of the technology company’s stock valued at $257,000 after buying an additional 65 shares in the last quarter. Louisiana State Employees Retirement System increased its stake in shares of Diebold, by 2.7% in the first quarter. Louisiana State Employees Retirement System now owns 19,100 shares of the technology company’s stock valued at $586,000 after buying an additional 500 shares in the last quarter. Finally, Capstone Asset Management Co. increased its stake in shares of Diebold, by 3.7% in the first quarter. Capstone Asset Management Co. now owns 8,502 shares of the technology company’s stock valued at $261,000 after buying an additional 300 shares in the last quarter.

Diebold, Incorporated (DBD) traded up 0.74% during mid-day trading on Friday, reaching $20.55. 1,197,825 shares of the company were exchanged. The stock has a market capitalization of $1.55 billion, a P/E ratio of 2.66 and a beta of 1.98. The company’s 50 day moving average price is $22.96 and its 200-day moving average price is $26.97. Diebold, Incorporated has a 12 month low of $19.85 and a 12 month high of $31.85.

Diebold, (NYSE:DBD) last posted its quarterly earnings results on Wednesday, July 19th. The technology company reported $0.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.02. The business had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.10 billion. Diebold, had a negative net margin of 6.04% and a positive return on equity of 7.25%. The firm’s revenue was up 95.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.43 earnings per share. On average, equities analysts expect that Diebold, Incorporated will post $0.97 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, August 25th will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.95%. The ex-dividend date is Wednesday, August 23rd. Diebold,’s payout ratio is presently -10.90%.

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Several analysts have commented on the company. J P Morgan Chase & Co downgraded Diebold, from an “overweight” rating to a “neutral” rating and set a $31.00 target price on the stock. in a research note on Tuesday, August 8th. BidaskClub downgraded Diebold, from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 5th. Zacks Investment Research downgraded Diebold, from a “hold” rating to a “sell” rating in a research note on Tuesday, July 11th. Lake Street Capital dropped their price target on Diebold, from $38.00 to $30.00 and set a “buy” rating on the stock in a research note on Thursday, July 6th. Finally, Feltl & Co. began coverage on Diebold, in a report on Tuesday, April 18th. They issued a “buy” rating on the stock. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company’s stock. Diebold, presently has an average rating of “Hold” and an average target price of $30.60.

In other news, CFO Christopher A. Chapman purchased 2,000 shares of the company’s stock in a transaction dated Friday, July 21st. The shares were bought at an average price of $21.53 per share, with a total value of $43,060.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last ninety days, insiders have purchased 8,000 shares of company stock worth $179,440. Insiders own 1.37% of the company’s stock.

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.