Ascend Capital buys $21.2 Million stake in Diebold Inc (DBD)

Diebold Inc (DBD) : Ascend Capital scooped up 449,920 additional shares in Diebold Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 900,000 shares of Diebold Inc which is valued at $21.2 Million.Diebold Inc makes up approximately 2.16% of Ascend Capital’s portfolio.

Other Hedge Funds, Including , Susquehanna International Group Llp boosted its stake in DBD in the latest quarter, The investment management firm added 39,902 additional shares and now holds a total of 52,115 shares of Diebold Inc which is valued at $1.2 Million.Ubs Asset Management Americas Inc boosted its stake in DBD in the latest quarter, The investment management firm added 281 additional shares and now holds a total of 51,071 shares of Diebold Inc which is valued at $1.2 Million.Blackrock Institutional Trust Company N.a. boosted its stake in DBD in the latest quarter, The investment management firm added 12,633 additional shares and now holds a total of 1,853,035 shares of Diebold Inc which is valued at $43.8 Million. Diebold Inc makes up approx 0.01% of Blackrock Institutional Trust Company N.a.’s portfolio. Secor Capital Advisors Lp added DBD to its portfolio by purchasing 23,913 company shares during the most recent quarter which is valued at $564,586. Diebold Inc makes up approx 0.11% of Secor Capital Advisors Lp’s portfolio.Retirement Systems Of Alabama boosted its stake in DBD in the latest quarter, The investment management firm added 477 additional shares and now holds a total of 83,992 shares of Diebold Inc which is valued at $2.2 Million. Diebold Inc makes up approx 0.01% of Retirement Systems Of Alabama’s portfolio.

Diebold Inc opened for trading at $24.28 and hit $24.61 on the upside on Wednesday, eventually ending the session at $24.58, with a gain of 1.49% or 0.36 points. The heightened volatility saw the trading volume jump to 6,69,643 shares. Company has a market cap of $1,601 M.

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 .

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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