Macnealy Hoover Investment Management Inc Lowers stake in Diebold Inc (DBD)

Diebold Inc (DBD) : Macnealy Hoover Investment Management Inc reduced its stake in Diebold Inc by 2.81% during the most recent quarter end. The investment management company now holds a total of 64,780 shares of Diebold Inc which is valued at $1,597,475 after selling 1,875 shares in Diebold Inc , the firm said in a disclosure report filed with the SEC on Oct 11, 2016.Diebold Inc makes up approximately 0.30% of Macnealy Hoover Investment Management Inc’s portfolio.

Other Hedge Funds, Including , Gradient Investments boosted its stake in DBD in the latest quarter, The investment management firm added 10,925 additional shares and now holds a total of 182,364 shares of Diebold Inc which is valued at $4,497,096. Diebold Inc makes up approx 0.44% of Gradient Investments’s portfolio.First Mercantile Trust Co boosted its stake in DBD in the latest quarter, The investment management firm added 8,554 additional shares and now holds a total of 10,600 shares of Diebold Inc which is valued at $262,244. Diebold Inc makes up approx 0.04% of First Mercantile Trust Co’s portfolio.Randolph Co Inc boosted its stake in DBD in the latest quarter, The investment management firm added 239,900 additional shares and now holds a total of 309,500 shares of Diebold Inc which is valued at $7,657,030. Diebold Inc makes up approx 1.95% of Randolph Co Inc’s portfolio.Simplex Trading boosted its stake in DBD in the latest quarter, The investment management firm added 3,242 additional shares and now holds a total of 8,475 shares of Diebold Inc which is valued at $209,672. Diebold Inc makes up approx 0.03% of Simplex Trading’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in DBD by selling 19,724 shares or 56.95% in the most recent quarter. The Hedge Fund company now holds 14,909 shares of DBD which is valued at $374,216.

Diebold Inc closed down -0.79 points or -3.20% at $23.87 with 7,71,595 shares getting traded on Tuesday. Post opening the session at $24.53, the shares hit an intraday low of $23.77 and an intraday high of $24.62 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

On the company’s financial health, Diebold Inc reported $0.43 EPS for the quarter, beating the analyst consensus estimate by $ 0.23 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $0.20. The company had revenue of $580.00 million for the quarter, compared to analysts expectations of $594.01 million. The company’s revenue was down -10.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.44 EPS.

Many Wall Street Analysts have commented on Diebold Inc. Diebold Inc was Upgraded by JP Morgan to ” Overweight” on Sep 26, 2016. JP Morgan Resumed Diebold Inc on Aug 15, 2016 to “Neutral”, Price Target of the shares are set at $33.

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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