WINTON GROUP Ltd raised its holdings in shares of Pitney Bowes Inc. (NYSE:PBI) by 16.9% during the third quarter, according to its most recent filing with the SEC. The firm owned 71,637 shares of the technology company’s stock after purchasing an additional 10,352 shares during the period. WINTON GROUP Ltd’s holdings in Pitney Bowes were worth $1,004,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also bought and sold shares of the company. HPM Partners LLC purchased a new position in Pitney Bowes during the 2nd quarter valued at about $429,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position 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 purchasing an additional 748 shares during the period. Seven Eight Capital LP purchased a new position in Pitney Bowes during the 2nd quarter valued at about $108,000. IFP Advisors Inc increased its position 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 purchasing an additional 4,793 shares during the period. Finally, ETRADE Capital Management LLC purchased a new position in Pitney Bowes during the 3rd quarter valued at about $168,000. 73.78% of the stock is currently owned by institutional investors and hedge funds.
Shares of Pitney Bowes Inc. (NYSE:PBI) traded up $0.03 during trading on Wednesday, hitting $10.42. 2,941,200 shares of the stock were exchanged, compared to its average volume of 2,712,297. The company has a debt-to-equity ratio of 35.49, a quick ratio of 1.37 and a current ratio of 1.42. Pitney Bowes Inc. has a 52-week low of $9.50 and a 52-week high of $16.60. The stock has a market cap of $1,940.10, a P/E ratio of 6.70 and a beta of 1.12.
Pitney Bowes (NYSE:PBI) last issued its quarterly earnings data on Wednesday, November 1st. The technology company reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.10). Pitney Bowes had a negative return on equity of 5,297.85% and a net margin of 2.64%. The firm had revenue of $842.82 million during the quarter, compared to analysts’ expectations of $837.60 million. During the same period in the previous year, the firm earned $0.44 EPS. The firm’s quarterly revenue was up .5% on a year-over-year basis. equities research analysts expect that Pitney Bowes Inc. will post 1.38 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 12th. Stockholders of record on Tuesday, November 21st will be given a $0.1875 dividend. This represents a $0.75 dividend on an annualized basis and a dividend yield of 7.20%. The ex-dividend date of this dividend is Monday, November 20th. Pitney Bowes’s payout ratio is currently 156.25%.
PBI has been the topic of a number of research reports. Cross Research downgraded shares of Pitney Bowes from a “hold” rating to a “sell” rating in a research report on Tuesday, August 8th. BidaskClub raised shares of Pitney Bowes from a “sell” rating to a “hold” rating in a research report on Saturday, August 26th. ValuEngine downgraded shares of Pitney Bowes from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Zacks Investment Research raised shares of Pitney Bowes from a “sell” rating to a “hold” rating in a research report on Monday, September 4th. Finally, Loop Capital cut their price objective on shares of Pitney Bowes from $14.00 to $12.00 and set a “hold” rating on the stock in a research report on Thursday, November 2nd. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $14.50.
About Pitney Bowes
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.
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