Deprince Race Zollo Inc buys $77,475,301 stake in Diebold Inc (DBD)

Diebold Inc (DBD) : Deprince Race Zollo Inc scooped up 386,595 additional shares in Diebold Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 2, 2016. The investment management firm now holds a total of 3,192,225 shares of Diebold Inc which is valued at $77,475,301.Diebold Inc makes up approximately 1.52% of Deprince Race Zollo Inc’s portfolio.

Diebold Inc opened for trading at $24.22 and hit $24.31 on the upside on Friday, eventually ending the session at $24.27, with a gain of 0.33% or 0.08 points. The heightened volatility saw the trading volume jump to 6,64,085 shares. Company has a market cap of $1,581 M.

Other Hedge Funds, Including , Thompson Davis sold out all of its stake in DBD during the most recent quarter. The investment firm sold 300 shares of DBD which is valued $7,281. Quadrant Capital Group sold out all of its stake in DBD during the most recent quarter. The investment firm sold 19 shares of DBD which is valued $499.Louisiana State Employees Retirement System boosted its stake in DBD in the latest quarter, The investment management firm added 100 additional shares and now holds a total of 18,100 shares of Diebold Inc which is valued at $475,487. Diebold Inc makes up approx 0.02% of Louisiana State Employees Retirement System’s portfolio.Metlife Securities Inc boosted its stake in DBD in the latest quarter, The investment management firm added 10 additional shares and now holds a total of 1,056 shares of Diebold Inc which is valued at $29,579.

On the company’s financial health, Diebold Inc reported $-0.05 EPS for the quarter, missing the analyst consensus estimate by $ -0.21 based on the information available during the earnings call on Apr 28, 2016. Analyst had a consensus of $0.16. The company had revenue of $509.60 million for the quarter, compared to analysts expectations of $536.10 million. The company’s revenue was down -11.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.29 EPS.

Many Wall Street Analysts have commented on Diebold Inc. Shares were Reiterated by Imperial Capital on May 3, 2016 to “In-line” and Lowered the Price Target to $ 29 from a previous price target of $32 .Shares were Reiterated by Imperial Capital on Apr 1, 2016 to “In-line” and Lowered the Price Target to $ 32 from a previous price target of $35 .Shares were Reiterated by Wedbush on Feb 4, 2016 to “Outperform” and Lowered the Price Target to $ 40 from a previous price target of $46 .

Diebold Incorporated provides financial self-service (FSS) delivery integrated services and software and security systems to the financial commercial retail and other markets. The Company operates through five segments: North America (NA) Asia Pacific (AP) Europe Middle East and Africa (EMEA) Latin America (LA) and Brazil. The Company has two lines of business: FSS and Security Solutions which the Company integrates based on its customers’ needs. Its FSS solutions include self-service support and managed services self-service products and self-service software. The Company’s Security Solutions include electronic security products monitoring and services and physical security and facility products. The Company supplies automated teller machines (ATMs) and related services across the world. It also provides design installation maintenance and monitoring of electronic security systems to financial commercial retail and other customers.

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