Gotham Asset Management LLC Has $6.01 Million Holdings in Pitney Bowes Inc. (PBI)

Gotham Asset Management LLC raised its holdings in shares of Pitney Bowes Inc. (NYSE:PBI) by 50.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 398,026 shares of the technology company’s stock after acquiring an additional 132,684 shares during the quarter. Gotham Asset Management LLC owned about 0.21% of Pitney Bowes worth $6,010,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Bank of Nova Scotia bought a new stake in Pitney Bowes during the 1st quarter valued at $216,000. HPM Partners LLC bought a new stake in Pitney Bowes during the 2nd quarter valued at $429,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Pitney Bowes by 11.9% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,041 shares of the technology company’s stock valued at $106,000 after acquiring an additional 748 shares during the period. Seven Eight Capital LP bought a new stake in Pitney Bowes during the 2nd quarter valued at $108,000. Finally, IFP Advisors Inc raised its holdings in Pitney Bowes by 74.4% during the 2nd quarter. IFP Advisors Inc now owns 11,236 shares of the technology company’s stock valued at $170,000 after acquiring an additional 4,793 shares during the period. 76.18% of the stock is currently owned by institutional investors and hedge funds.

ILLEGAL ACTIVITY WARNING: “Gotham Asset Management LLC Has $6.01 Million Holdings in Pitney Bowes Inc. (PBI)” was published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this piece on another website, it was illegally stolen and reposted in violation of United States & international copyright and trademark law. The correct version of this piece can be viewed at https://ledgergazette.com/2017/10/11/gotham-asset-management-llc-has-6-01-million-holdings-in-pitney-bowes-inc-pbi.html.

Pitney Bowes Inc. (NYSE PBI) opened at 14.12 on Wednesday. The company has a market cap of $2.64 billion, a PE ratio of 27.74 and a beta of 1.21. The company has a 50-day moving average price of $13.18 and a 200-day moving average price of $14.11. Pitney Bowes Inc. has a 1-year low of $12.31 and a 1-year high of $18.20.

Pitney Bowes (NYSE:PBI) last announced its quarterly earnings results on Tuesday, August 1st. The technology company reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.03). The company had revenue of $821.40 million during the quarter, compared to the consensus estimate of $822.90 million. Pitney Bowes had a net margin of 3.02% and a return on equity of 15,666.66%. The business’s revenue was down 1.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.39 earnings per share. On average, analysts expect that Pitney Bowes Inc. will post $1.68 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 12th. Shareholders of record on Friday, August 25th were issued a $0.1875 dividend. The ex-dividend date of this dividend was Wednesday, August 23rd. This represents a $0.75 dividend on an annualized basis and a yield of 5.31%. Pitney Bowes’s dividend payout ratio is currently 144.23%.

A number of equities research analysts have issued reports on PBI shares. Zacks Investment Research raised shares of Pitney Bowes from a “sell” rating to a “hold” rating in a report on Monday, September 4th. ValuEngine cut shares of Pitney Bowes from a “buy” rating to a “hold” rating in a report on Friday, September 1st. BidaskClub cut shares of Pitney Bowes from a “buy” rating to a “hold” rating in a report on Friday, June 23rd. Sidoti raised shares of Pitney Bowes from a “neutral” rating to a “buy” rating and set a $17.00 price target on the stock in a report on Wednesday, August 2nd. Finally, Loop Capital started coverage on shares of Pitney Bowes in a report on Friday, July 28th. They issued a “hold” rating and a $16.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company. The company currently has an average rating of &#

Other hedge funds have also modified their holdings of the company. Bank of Nova Scotia bought a new stake in Pitney Bowes during the 1st quarter valued at $216,000. HPM Partners LLC bought a new stake in Pitney Bowes during the 2nd quarter valued at $429,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Pitney Bowes by 11.9% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,041 shares of the technology company’s stock valued at $106,000 after acquiring an additional 748 shares during the period. Seven Eight Capital LP bought a new stake in Pitney Bowes during the 2nd quarter valued at $108,000. Finally, IFP Advisors Inc raised its holdings in Pitney Bowes by 74.4% during the 2nd quarter. IFP Advisors Inc now owns 11,236 shares of the technology company’s stock valued at $170,000 after acquiring an additional 4,793 shares during the period. 76.18% of the stock is currently owned by institutional investors and hedge funds.

ILLEGAL ACTIVITY WARNING: “Gotham Asset Management LLC Has $6.01 Million Holdings in Pitney Bowes Inc. (PBI)” was published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this piece on another website, it was illegally stolen and reposted in violation of United States & international copyright and trademark law. The correct version of this piece can be viewed at https://ledgergazette.com/2017/10/11/gotham-asset-management-llc-has-6-01-million-holdings-in-pitney-bowes-inc-pbi.html.

Pitney Bowes Inc. (NYSE PBI) opened at 14.12 on Wednesday. The company has a market cap of $2.64 billion, a PE ratio of 27.74 and a beta of 1.21. The company has a 50-day moving average price of $13.18 and a 200-day moving average price of $14.11. Pitney Bowes Inc. has a 1-year low of $12.31 and a 1-year high of $18.20.

Pitney Bowes (NYSE:PBI) last announced its quarterly earnings results on Tuesday, August 1st. The technology company reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.03). The company had revenue of $821.40 million during the quarter, compared to the consensus estimate of $822.90 million. Pitney Bowes had a net margin of 3.02% and a return on equity of 15,666.66%. The business’s revenue was down 1.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.39 earnings per share. On average, analysts expect that Pitney Bowes Inc. will post $1.68 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 12th. Shareholders of record on Friday, August 25th were issued a $0.1875 dividend. The ex-dividend date of this dividend was Wednesday, August 23rd. This represents a $0.75 dividend on an annualized basis and a yield of 5.31%. Pitney Bowes’s dividend payout ratio is currently 144.23%.

A number of equities research analysts have issued reports on PBI shares. Zacks Investment Research raised shares of Pitney Bowes from a “sell” rating to a “hold” rating in a report on Monday, September 4th. ValuEngine cut shares of Pitney Bowes from a “buy” rating to a “hold” rating in a report on Friday, September 1st. BidaskClub cut shares of Pitney Bowes from a “buy” rating to a “hold” rating in a report on Friday, June 23rd. Sidoti raised shares of Pitney Bowes from a “neutral” rating to a “buy” rating and set a $17.00 price target on the stock in a report on Wednesday, August 2nd. Finally, Loop Capital started coverage on shares of Pitney Bowes in a report on Friday, July 28th. They issued a “hold” rating and a $16.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $17.67.

Pitney Bowes Company Profile

Pitney Bowes Inc is a global technology company. The Company offers customer information management, location intelligence and customer engagement products and solutions to help its clients market to their customers, and shipping, mailing, and cross border e-commerce products and solutions that enable the sending of parcels and packages across the globe.

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

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