What’s Propelling Diebold Inc to Increase So Much?

 What's Propelling Diebold Inc to Increase So Much?

In today’s session Diebold Inc (DBD) registered an unusually high (954) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious DBD increase. With 954 contracts traded and 21954 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: DBD161118C00022500 closed last at: $0.5 or 9.1% down. About 375,750 shares traded hands. Diebold Inc (NYSE:DBD) has declined 23.02% since April 5, 2016 and is downtrending. It has underperformed by 24.98% the S&P500.

Diebold Inc (NYSE:DBD) Ratings Coverage

Out of 4 analysts covering Diebold Inc (NYSE:DBD), 3 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 75% are positive. Diebold Inc has been the topic of 10 analyst reports since July 29, 2015 according to StockzIntelligence Inc. The stock of Diebold Inc (NYSE:DBD) earned “Outperform” rating by Wedbush on Friday, July 31. Wedbush maintained the shares of DBD in a report on Thursday, February 4 with “Outperform” rating. The firm has “Buy” rating given on Monday, January 25 by Northcoast. The company was upgraded on Monday, September 26 by JP Morgan. The firm has “In-Line” rating given on Tuesday, May 3 by Imperial Capital. The company was initiated on Monday, August 15 by JP Morgan. The company was maintained on Wednesday, September 16 by Imperial Capital. On Tuesday, August 25 the stock rating was downgraded by TheStreet to “Buy”.

According to Zacks Investment Research, “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.”

Insitutional Activity: The institutional sentiment decreased to 0.99 in 2016 Q2. Its down 0.22, from 1.21 in 2016Q1. The ratio fall, as 30 funds sold all Diebold Inc shares owned while 66 reduced positions. 21 funds bought stakes while 74 increased positions. They now own 60.41 million shares or 3.77% less from 62.77 million shares in 2016Q1.
Estabrook Capital Mgmt has 0% invested in the company for 792 shares. Kcg Holdings last reported 13,220 shares in the company. Carroll Fin Assocs Incorporated holds 1,500 shares or 0.01% of its portfolio. Patten Gru accumulated 6,195 shares or 0% of the stock. Petrus Company Lta has invested 0.06% of its portfolio in Diebold Inc (NYSE:DBD). Peak6 Ltd Partnership reported 2,060 shares or 0% of all its holdings. Swiss National Bank & Trust last reported 97,600 shares in the company. Retirement Of Alabama holds 84,036 shares or 0.01% of its portfolio. Profund Advisors Lc last reported 14,468 shares in the company. Ubs Asset Management Americas last reported 56,600 shares in the company. Moreover, Robeco Institutional Asset Management Bv has 0.01% invested in Diebold Inc (NYSE:DBD) for 50,000 shares. California Employees Retirement Systems reported 227,100 shares or 0.01% of all its holdings. Royal Retail Bank Of Canada last reported 0.02% of its portfolio in the stock. 1832 Asset Management L P has 0% invested in the company for 1,000 shares. Gabelli Funds Llc accumulated 0.27% or 1.82M shares.

Insider Transactions: Since May 23, 2016, the stock had 0 insider buys, and 1 insider sale for $84,816 net activity. Another trade for 3,534 shares valued at $84,816 was made by COX PHILLIP R on Monday, May 23.

Diebold, Incorporated is engaged in the business of financial self-service and security solutions. The company has a market cap of $1.72 billion. The Company’s divisions include North America (NA), Asia Pacific (AP), Europe, Middle East and Africa (EMEA), and Latin America (LA). It has a 39.31 P/E ratio. 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.

DBD Company Profile

Diebold, Incorporated, incorporated on August 11, 1876, is engaged in the business of financial self-service (FSS) and security solutions, which it integrates based on its customers’ needs. The Company’s divisions include North America (NA), Asia Pacific (AP), Europe, Middle East and Africa (EMEA), and Latin America (LA). The Firm 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. The Firm also offers functionality terminals capable of supporting mobile card-less transactions and two-way video technology to support bank branch automation. The Firm supplies ATMs and related services across the world. The Firm through its divisions sells and services FSS and security systems around the globe, as well as elections, lottery and information technology solutions in Brazil other, through subsidiaries, joint ventures and independent distributors in various countries.

More notable recent Diebold Inc (NYSE:DBD) news were published by: Cleveland.com which released: “Diebold Inc. lost $21.1 million in 2nd quarter of 2016, says Wincor Nixdorf …” on July 29, 2016, also Crainscleveland.com with their article: “Diebold Inc. completes $1.8 billion merger with Germany’s Wincor Nixdorf” published on August 15, 2016, Crainscleveland.com published: “Diebold Inc. confirms results of vote to take over Wincor Nixdorf” on March 29, 2016. More interesting news about Diebold Inc (NYSE:DBD) were released by: Crainscleveland.com and their article: “Diebold Inc. to sell North American e-security business for $350 million” published on October 26, 2015 as well as Moodys.com‘s news article titled: “Moody’s assigns B2 to Diebold, Inc. unsecured notes” with publication date: March 31, 2016.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Tags: , ,

Related posts

Leave a Comment