Schwab Charles Investment Management Inc. reduced its position in Pitney Bowes Inc. (NYSE:PBI) by 12.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 769,212 shares of the technology company’s stock after selling 111,785 shares during the quarter. Schwab Charles Investment Management Inc. owned 0.41% of Pitney Bowes worth $10,777,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. Miller Howard Investments Inc. NY increased its position in shares of Pitney Bowes by 32.9% during the third quarter. Miller Howard Investments Inc. NY now owns 5,092,853 shares of the technology company’s stock worth $71,351,000 after acquiring an additional 1,259,978 shares during the period. LSV Asset Management boosted its stake in shares of Pitney Bowes by 4.8% during the second quarter. LSV Asset Management now owns 4,203,966 shares of the technology company’s stock valued at $63,479,000 after purchasing an additional 191,400 shares in the last quarter. Schroder Investment Management Group boosted its stake in shares of Pitney Bowes by 22.2% during the third quarter. Schroder Investment Management Group now owns 2,113,354 shares of the technology company’s stock valued at $29,481,000 after purchasing an additional 384,209 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Pitney Bowes by 93.6% during the second quarter. Dimensional Fund Advisors LP now owns 2,110,043 shares of the technology company’s stock valued at $31,863,000 after purchasing an additional 1,019,942 shares in the last quarter. Finally, Northern Trust Corp boosted its stake in shares of Pitney Bowes by 3.4% during the second quarter. Northern Trust Corp now owns 1,744,872 shares of the technology company’s stock valued at $26,348,000 after purchasing an additional 56,573 shares in the last quarter. 73.74% of the stock is currently owned by institutional investors.
A number of equities analysts have recently issued reports on the stock. ValuEngine upgraded shares of Pitney Bowes from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Zacks Investment Research upgraded shares of Pitney Bowes from a “sell” rating to a “hold” rating in a research note on Tuesday, October 10th. Finally, Loop Capital dropped 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 note on Thursday, November 2nd. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. Pitney Bowes presently has a consensus rating of “Hold” and an average price target of $14.50.
Shares of Pitney Bowes Inc. (NYSE PBI) opened at $11.18 on Friday. The firm has a market cap of $2,080.00, a P/E ratio of 23.79 and a beta of 1.12. Pitney Bowes Inc. has a one year low of $9.50 and a one year high of $16.60. The company has a quick ratio of 1.37, a current ratio of 1.42 and a debt-to-equity ratio of 35.49.
Pitney Bowes (NYSE:PBI) last announced its earnings results on Wednesday, November 1st. The technology company reported $0.33 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.43 by ($0.10). The firm had revenue of $842.82 million during the quarter, compared to analyst estimates of $837.60 million. Pitney Bowes had a net margin of 2.64% and a negative return on equity of 5,297.85%. Pitney Bowes’s revenue was up .5% on a year-over-year basis. During the same quarter last year, the business earned $0.44 earnings per share. equities research analysts anticipate that Pitney Bowes Inc. will post 1.38 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, December 12th. Shareholders of record on Tuesday, November 21st were paid a $0.1875 dividend. The ex-dividend date was Monday, November 20th. This represents a $0.75 annualized dividend and a yield of 6.71%. Pitney Bowes’s dividend payout ratio (DPR) is 159.57%.
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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.
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