California Public Employees Retirement System Reduces Position in Diebold, Incorporated (NYSE:DBD)

California Public Employees Retirement System cut its holdings in shares of Diebold, Incorporated (NYSE:DBD) by 7.2% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 197,500 shares of the technology company’s stock after selling 15,400 shares during the period. California Public Employees Retirement System owned 0.26% of Diebold, worth $5,530,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Creative Planning boosted its holdings in Diebold, by 2.3% in the second quarter. Creative Planning now owns 5,119 shares of the technology company’s stock worth $143,000 after acquiring an additional 116 shares in the last quarter. Coastline Trust Co raised its stake in shares of Diebold, by 3.2% in the second quarter. Coastline Trust Co now owns 8,645 shares of the technology company’s stock worth $242,000 after purchasing an additional 270 shares during the last quarter. Advantus Capital Management Inc increased its position in Diebold, by 3.4% during the first quarter. Advantus Capital Management Inc now owns 9,659 shares of the technology company’s stock valued at $297,000 after acquiring an additional 321 shares during the last quarter. Arizona State Retirement System increased its position in Diebold, by 1.3% during the second quarter. Arizona State Retirement System now owns 31,800 shares of the technology company’s stock valued at $890,000 after acquiring an additional 400 shares during the last quarter. Finally, Texas Permanent School Fund increased its position in Diebold, by 0.9% during the second quarter. Texas Permanent School Fund now owns 55,106 shares of the technology company’s stock valued at $1,543,000 after acquiring an additional 485 shares during the last quarter.

In other news, Director Henry D. G. Wallace purchased 10,000 shares of the company’s stock in a transaction that occurred on Monday, August 21st. The shares were purchased at an average price of $19.08 per share, with a total value of $190,800.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Gale S. Fitzgerald bought 5,000 shares of the company’s stock in a transaction dated Wednesday, August 23rd. The stock was bought at an average cost of $18.14 per share, with a total value of $90,700.00. The disclosure for this purchase can be found here. Insiders own 1.37% of the company’s stock.

A number of brokerages have commented on DBD. Zacks Investment Research upgraded Diebold, from a “sell” rating to a “hold” rating in a research report on Tuesday, September 19th. KeyCorp reaffirmed a “hold” rating on shares of Diebold, in a research note on Friday, October 20th. Lake Street Capital dropped their price objective on Diebold, from $38.00 to $30.00 and set a “buy” rating for the company in a research note on Thursday, July 6th. BidaskClub lowered Diebold, from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 5th. Finally, Credit Suisse Group reissued an “outperform” rating on shares of Diebold, in a research note on Tuesday, September 5th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $30.25.

Shares of Diebold, Incorporated (NYSE:DBD) opened at 20.25 on Friday. Diebold, Incorporated has a 12 month low of $17.95 and a 12 month high of $31.85. The company’s market cap is $1.53 billion. The firm’s 50-day moving average price is $21.84 and its 200 day moving average price is $24.04.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Friday, November 17th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.98%. The ex-dividend date is Thursday, November 16th. Diebold,’s dividend payout ratio (DPR) is -10.90%.

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About Diebold,

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.

Institutional Ownership by Quarter for Diebold, (NYSE:DBD)

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