Schroder Investment Management Group Raises Holdings in Pitney Bowes Inc. (PBI)

Schroder Investment Management Group raised its stake in Pitney Bowes Inc. (NYSE:PBI) by 22.2% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,113,354 shares of the technology company’s stock after acquiring an additional 384,209 shares during the period. Schroder Investment Management Group owned 1.13% of Pitney Bowes worth $29,481,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of PBI. Miller Howard Investments Inc. NY grew its holdings in shares of Pitney Bowes by 32.9% during the 3rd quarter. Miller Howard Investments Inc. NY now owns 5,092,853 shares of the technology company’s stock valued at $71,351,000 after acquiring an additional 1,259,978 shares in the last quarter. Prudential Financial Inc. grew its holdings in shares of Pitney Bowes by 344.5% during the 2nd quarter. Prudential Financial Inc. now owns 1,482,000 shares of the technology company’s stock valued at $22,378,000 after acquiring an additional 1,148,594 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Pitney Bowes by 93.6% in the second quarter. Dimensional Fund Advisors LP now owns 2,110,043 shares of the technology company’s stock worth $31,863,000 after purchasing an additional 1,019,942 shares in the last quarter. Freestone Capital Holdings LLC lifted its position in Pitney Bowes by 2,253.5% during the 2nd quarter. Freestone Capital Holdings LLC now owns 1,045,446 shares of the technology company’s stock worth $15,785,000 after acquiring an additional 1,001,026 shares during the last quarter. Finally, Cornerstone Capital Management Holdings LLC. lifted its position in Pitney Bowes by 340.9% during the 2nd quarter. Cornerstone Capital Management Holdings LLC. now owns 1,134,726 shares of the technology company’s stock worth $17,133,000 after acquiring an additional 877,342 shares during the last quarter. Institutional investors own 73.78% of the company’s stock.

Shares of Pitney Bowes Inc. (NYSE:PBI) traded down $0.39 during trading on Monday, reaching $10.28. 3,689,600 shares of the company’s stock traded hands, compared to its average volume of 2,706,731. Pitney Bowes Inc. has a twelve month low of $9.50 and a twelve month 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. The firm has a market cap of $1,919.56, a PE ratio of 6.63 and a beta of 1.12.

Pitney Bowes (NYSE:PBI) last issued its earnings results on Wednesday, November 1st. The technology company reported $0.33 EPS for the quarter, missing the 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 quarterly revenue was up .5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.44 earnings per share. equities analysts forecast that Pitney Bowes Inc. will post 1.38 EPS for the current 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 paid a $0.1875 dividend. This represents a $0.75 dividend on an annualized basis and a dividend yield of 7.30%. The ex-dividend date of this dividend is Monday, November 20th. Pitney Bowes’s dividend payout ratio is currently 156.25%.

A number of research analysts have recently commented on PBI shares. ValuEngine raised shares of Pitney Bowes from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Loop Capital decreased their price target 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. Zacks Investment Research upgraded shares of Pitney Bowes from a “sell” rating to a “hold” rating in a report on Tuesday, October 10th. Cross Research lowered shares of Pitney Bowes from a “hold” rating to a “sell” rating in a report on Tuesday, August 8th. Finally, BidaskClub upgraded shares of Pitney Bowes from a “sell” rating to a “hold” rating in a report on Saturday, August 26th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $14.50.

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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.

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

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