D.A. Davidson & CO. boosted its holdings in shares of Pitney Bowes Inc. (NYSE:PBI) by 23.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,300 shares of the technology company’s stock after acquiring an additional 2,300 shares during the quarter. D.A. Davidson & CO.’s holdings in Pitney Bowes were worth $185,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. BlackRock Inc. grew its holdings in Pitney Bowes by 9,828.4% during the 1st quarter. BlackRock Inc. now owns 21,131,601 shares of the technology company’s stock worth $277,037,000 after acquiring an additional 20,918,761 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in Pitney Bowes by 1.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 9,271,892 shares of the technology company’s stock worth $140,005,000 after acquiring an additional 137,446 shares during the last quarter. LSV Asset Management grew its holdings in Pitney Bowes by 4.8% during the 2nd quarter. LSV Asset Management now owns 4,203,966 shares of the technology company’s stock worth $63,479,000 after acquiring an additional 191,400 shares during the last quarter. Massachusetts Financial Services Co. MA grew its holdings in Pitney Bowes by 37.6% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 1,780,498 shares of the technology company’s stock worth $23,342,000 after acquiring an additional 486,581 shares during the last quarter. Finally, Schroder Investment Management Group grew its holdings in Pitney Bowes by 28.2% during the 2nd quarter. Schroder Investment Management Group now owns 1,729,145 shares of the technology company’s stock worth $26,421,000 after acquiring an additional 380,200 shares during the last quarter. 76.18% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities research analysts have weighed in on the stock. Zacks Investment Research lowered shares of Pitney Bowes from a “buy” rating to a “hold” rating in a report on Tuesday, July 11th. ValuEngine raised shares of Pitney Bowes from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Cross Research lowered shares of Pitney Bowes from a “hold” rating to a “sell” rating in a research note on Wednesday, August 2nd. BidaskClub lowered shares of Pitney Bowes from a “hold” rating to a “sell” rating in a research note on Wednesday, August 2nd. Finally, Sidoti raised shares of Pitney Bowes from a “neutral” rating to a “buy” rating and set a $17.00 price objective on the stock in a research note on Wednesday, August 2nd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company’s stock. Pitney Bowes has an average rating of “Hold” and a consensus price target of $17.67.

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Pitney Bowes Inc. (NYSE:PBI) opened at 13.96 on Friday. The company’s 50-day moving average is $13.10 and its 200 day moving average is $14.07. The company has a market capitalization of $2.61 billion, a price-to-earnings ratio of 27.43 and a beta of 1.21. Pitney Bowes Inc. has a 52 week low of $12.31 and a 52 week high of $18.20.

Pitney Bowes (NYSE:PBI) last released its quarterly earnings results on Tuesday, August 1st. The technology company reported $0.33 earnings per share for the quarter, missing the consensus estimate 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 last year, the firm earned $0.39 EPS. On average, analysts forecast that Pitney Bowes Inc. will post $1.68 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 12th. Stockholders of record on Friday, August 25th were issued a dividend of $0.1875 per share. This represents a $0.75 dividend on an annualized basis and a dividend yield of 5.37%. The ex-dividend date of this dividend was Wednesday, August 23rd. Pitney Bowes’s dividend payout ratio (DPR) is presently 144.23%.

Pitney Bowes 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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