Pitney Bowes Inc. (PBI) Shares Bought by Dimensional Fund Advisors LP
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.
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.
ILLEGAL ACTIVITY NOTICE: “Pitney Bowes Inc. (PBI) Shares Bought by Dimensional Fund Advisors LP” was first published by Watch List News and is owned by of Watch List News. If you are accessing this piece on another site, it was illegally copied and republished in violation of international copyright and trademark laws. The correct version of this piece can be read at https://www.watchlistnews.com/pitney-bowes-inc-pbi-shares-bought-by-dimensional-fund-advisors-lp/1807736.html.
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.
Want to see what other hedge funds are holding PBI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Pitney Bowes Inc. (NYSE:PBI).
Receive News & Ratings for Pitney Bowes Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pitney Bowes and related companies with MarketBeat.com's FREE daily email newsletter.