Segall Bryant & Hamill LLC lifted its stake in shares of Pitney Bowes (NYSE:PBI) by 9.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 674,791 shares of the technology company’s stock after purchasing an additional 60,360 shares during the quarter. Segall Bryant & Hamill LLC owned about 0.36% of Pitney Bowes worth $7,544,000 at the end of the most recent reporting period.
Several other hedge funds also recently added to or reduced their stakes in the company. Schroder Investment Management Group boosted its position in shares of Pitney Bowes by 166.9% during the 4th quarter. Schroder Investment Management Group now owns 5,639,908 shares of the technology company’s stock worth $63,054,000 after purchasing an additional 3,526,554 shares in the last quarter. LSV Asset Management boosted its position in shares of Pitney Bowes by 5.0% during the 4th quarter. LSV Asset Management now owns 5,052,788 shares of the technology company’s stock worth $56,490,000 after purchasing an additional 238,900 shares in the last quarter. Sirios Capital Management L P bought a new position in shares of Pitney Bowes during the 3rd quarter worth about $45,044,000. Dimensional Fund Advisors LP boosted its position in shares of Pitney Bowes by 13.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,389,740 shares of the technology company’s stock worth $33,480,000 after purchasing an additional 279,697 shares in the last quarter. Finally, Chartwell Investment Partners LLC boosted its position in shares of Pitney Bowes by 23.7% during the 4th quarter. Chartwell Investment Partners LLC now owns 1,833,036 shares of the technology company’s stock worth $20,493,000 after purchasing an additional 350,746 shares in the last quarter. 75.60% of the stock is currently owned by institutional investors.
PBI stock opened at $12.11 on Wednesday. Pitney Bowes has a 1 year low of $9.50 and a 1 year high of $16.25. The firm has a market cap of $2,295.52, a PE ratio of 8.65 and a beta of 1.12. The company has a debt-to-equity ratio of 18.92, a current ratio of 1.28 and a quick ratio of 1.24.
Pitney Bowes (NYSE:PBI) last announced its quarterly earnings results on Wednesday, January 31st. The technology company reported $0.40 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.03. Pitney Bowes had a net margin of 7.36% and a return on equity of 388.23%. The business had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.04 billion. During the same quarter last year, the firm earned $0.53 EPS. The firm’s revenue for the quarter was up 18.3% compared to the same quarter last year. equities analysts expect that Pitney Bowes will post 1.46 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Monday, March 12th. Shareholders of record on Friday, February 16th were given a dividend of $0.1875 per share. The ex-dividend date was Thursday, February 15th. This represents a $0.75 annualized dividend and a dividend yield of 6.19%. Pitney Bowes’s dividend payout ratio is currently 53.57%.
PBI has been the topic of a number of research analyst reports. ValuEngine cut shares of Pitney Bowes from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. Zacks Investment Research raised shares of Pitney Bowes from a “strong sell” rating to a “hold” rating in a research report on Monday, January 8th. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $14.50.
Pitney Bowes Company Profile
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: Small & Medium Business Solutions; Enterprise Business Solutions; and Digital Commerce Solutions.
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