Dimensional Fund Advisors LP boosted its holdings in Pitney Bowes Inc. (NYSE:PBI) by 13.3% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,389,740 shares of the technology company’s stock after acquiring an additional 279,697 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Pitney Bowes were worth $33,480,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in PBI. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Pitney Bowes by 11.9% in the second 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 last quarter. Seven Eight Capital LP acquired a new stake in Pitney Bowes in the second quarter valued at $108,000. ETRADE Capital Management LLC acquired a new stake in Pitney Bowes in the third quarter valued at $168,000. D.A. Davidson & CO. grew its holdings in Pitney Bowes by 23.0% in the second quarter. D.A. Davidson & CO. now owns 12,300 shares of the technology company’s stock valued at $185,000 after purchasing an additional 2,300 shares during the last quarter. Finally, MML Investors Services LLC grew its holdings in Pitney Bowes by 9.9% in the second quarter. MML Investors Services LLC now owns 13,664 shares of the technology company’s stock valued at $206,000 after purchasing an additional 1,234 shares during the last quarter. Hedge funds and other institutional investors own 73.74% of the company’s stock.

Shares of Pitney Bowes Inc. (NYSE:PBI) opened at $13.18 on Monday. The company has a debt-to-equity ratio of 35.49, a current ratio of 1.42 and a quick ratio of 1.37. The firm has a market capitalization of $2,461.07, a price-to-earnings ratio of 27.46 and a beta of 1.11. Pitney Bowes Inc. has a twelve month low of $9.50 and a twelve month high of $16.60.

Pitney Bowes (NYSE:PBI) last posted 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%. The firm’s revenue for the quarter was up .5% on a year-over-year basis. During the same period last year, the company posted $0.44 EPS. equities research analysts forecast that Pitney Bowes Inc. will post 1.38 EPS for the current fiscal year.

Several analysts have weighed in on PBI shares. Zacks Investment Research lowered Pitney Bowes from a “hold” rating to a “strong sell” rating in a report on Monday, November 6th. Loop Capital lowered their target price on Pitney Bowes from $14.00 to $12.00 and set a “hold” rating on the stock in a report on Thursday, November 2nd. Finally, ValuEngine lowered Pitney Bowes from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price 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.

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

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