Stephens Inc. AR raised its holdings in Pitney Bowes Inc. (NYSE:PBI) by 4.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 65,056 shares of the technology company’s stock after buying an additional 2,529 shares during the quarter. Stephens Inc. AR’s holdings in Pitney Bowes were worth $982,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Eaton Vance Management grew its holdings in shares of Pitney Bowes by 0.3% during the 2nd quarter. Eaton Vance Management now owns 54,293 shares of the technology company’s stock worth $820,000 after purchasing an additional 142 shares during the period. Ifrah Financial Services Inc. grew its holdings in shares of Pitney Bowes by 1.3% during the 2nd quarter. Ifrah Financial Services Inc. now owns 18,025 shares of the technology company’s stock worth $272,000 after purchasing an additional 238 shares during the period. Teacher Retirement System of Texas grew its holdings in shares of Pitney Bowes by 1.7% during the 2nd quarter. Teacher Retirement System of Texas now owns 15,054 shares of the technology company’s stock worth $227,000 after purchasing an additional 251 shares during the period. M&T Bank Corp grew its holdings in shares of Pitney Bowes by 1.7% during the 1st quarter. M&T Bank Corp now owns 26,743 shares of the technology company’s stock worth $349,000 after purchasing an additional 439 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Pitney Bowes by 11.9% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,041 shares of the technology company’s stock worth $106,000 after purchasing an additional 748 shares during the period. Institutional investors own 76.28% of the company’s stock.

PBI has been the subject of a number of research reports. Zacks Investment Research cut Pitney Bowes from a “buy” rating to a “hold” rating in a report on Monday, May 22nd. ValuEngine cut Pitney Bowes from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. BidaskClub cut Pitney Bowes from a “buy” rating to a “hold” rating in a report on Friday, June 23rd. Loop Capital initiated coverage on Pitney Bowes in a report on Friday, July 28th. They set a “hold” rating and a $16.00 target price for the company. Finally, Sidoti upgraded Pitney Bowes from a “neutral” rating to a “buy” rating and set a $17.00 target price for the company in a report on Wednesday, August 2nd. One analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company’s stock. Pitney Bowes has a consensus rating of “Hold” and a consensus price target of $17.50.

Pitney Bowes Inc. (PBI) opened at 12.98 on Friday. The firm has a market capitalization of $2.42 billion, a price-to-earnings ratio of 25.50 and a beta of 1.20. Pitney Bowes Inc. has a 52-week low of $12.31 and a 52-week high of $18.24. The company’s 50-day moving average price is $12.95 and its 200 day moving average price is $14.04.

Pitney Bowes (NYSE:PBI) last issued its 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). Pitney Bowes had a return on equity of 15,666.66% and a net margin of 3.02%. The firm had revenue of $821.40 million during the quarter, compared to analyst estimates of $822.90 million. During the same period in the previous year, the company earned $0.39 earnings per share. The business’s revenue for the quarter was down 1.7% on a year-over-year basis. Equities research analysts predict that Pitney Bowes Inc. will post $1.68 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 12th. Shareholders of record on Friday, August 25th were given a $0.1875 dividend. This represents a $0.75 annualized dividend and a yield of 5.78%. The ex-dividend date was Wednesday, August 23rd. Pitney Bowes’s payout ratio is currently 144.23%.

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About Pitney Bowes

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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