10,228 Shares in Pitney Bowes Inc. (NYSE:PBI) Bought by Creative Planning

Creative Planning acquired a new position in shares of Pitney Bowes Inc. (NYSE:PBI) in the 3rd quarter, HoldingsChannel reports. The fund acquired 10,228 shares of the technology company’s stock, valued at approximately $47,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. CWM Advisors LLC boosted its holdings in shares of Pitney Bowes by 72.0% during the 2nd quarter. CWM Advisors LLC now owns 41,433 shares of the technology company’s stock worth $177,000 after buying an additional 17,349 shares during the period. Stone Ridge Asset Management LLC boosted its holdings in shares of Pitney Bowes by 1,137.4% during the 2nd quarter. Stone Ridge Asset Management LLC now owns 238,581 shares of the technology company’s stock worth $1,021,000 after buying an additional 219,300 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Pitney Bowes by 3.5% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 1,468,012 shares of the technology company’s stock worth $6,284,000 after buying an additional 49,963 shares during the period. Renaissance Technologies LLC boosted its holdings in shares of Pitney Bowes by 32.5% during the 2nd quarter. Renaissance Technologies LLC now owns 1,051,726 shares of the technology company’s stock worth $4,501,000 after buying an additional 258,026 shares during the period. Finally, Parametric Portfolio Associates LLC boosted its holdings in shares of Pitney Bowes by 40.8% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 1,395,360 shares of the technology company’s stock worth $5,972,000 after buying an additional 404,430 shares during the period. 75.70% of the stock is owned by institutional investors and hedge funds.

PBI has been the subject of several research analyst reports. Zacks Investment Research cut shares of Pitney Bowes from a “hold” rating to a “sell” rating and set a $4.75 target price for the company. in a research note on Monday, September 9th. National Securities initiated coverage on shares of Pitney Bowes in a research note on Thursday, October 24th. They set a “buy” rating for the company. Maxim Group set a $6.00 target price on shares of Pitney Bowes and gave the company a “buy” rating in a research note on Monday, August 26th. Finally, ValuEngine cut shares of Pitney Bowes from a “buy” rating to a “hold” rating in a research note on Friday, November 1st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $5.38.

NYSE:PBI opened at $4.72 on Tuesday. The stock has a market cap of $850.82 million, a P/E ratio of 4.07 and a beta of 1.98. Pitney Bowes Inc. has a one year low of $3.14 and a one year high of $8.56. The company has a fifty day moving average price of $4.71 and a 200 day moving average price of $4.35. The company has a debt-to-equity ratio of 101.03, a current ratio of 1.12 and a quick ratio of 1.09.

Pitney Bowes (NYSE:PBI) last released its earnings results on Tuesday, November 5th. The technology company reported $0.24 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.23 by $0.01. The firm had revenue of $790.10 million during the quarter, compared to analysts’ expectations of $768.46 million. Pitney Bowes had a net margin of 1.81% and a return on equity of 167.93%. The business’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.27 EPS. As a group, equities research analysts anticipate that Pitney Bowes Inc. will post 0.66 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Tuesday, November 19th will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 4.24%. The ex-dividend date is Monday, November 18th. Pitney Bowes’s payout ratio is currently 17.24%.

About Pitney Bowes

Pitney Bowes Inc offers customer information management, location intelligence, and customer engagement products and solutions in the United States and internationally. The company operates in three segments: Commerce Services; Small & Medium Business Solutions; and Software Solutions. The Commerce Services segment provides cross-border e-commerce solutions, domestic retail and e-commerce shipping solutions, fulfillment, and delivery and return services; and mail sortation services that allow clients to qualify large volumes of first class mail, marketing mail, and bound and packet mail for postal work sharing discounts.

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Institutional Ownership by Quarter for Pitney Bowes (NYSE:PBI)

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