NEXT Financial Group Inc raised its position in shares of Pitney Bowes Inc. (NYSE:PBI) by 2,155.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 11,005 shares of the technology company’s stock after acquiring an additional 10,517 shares during the period. NEXT Financial Group Inc’s holdings in Pitney Bowes were worth $123,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of PBI. Schwab Charles Investment Management Inc. grew its position in Pitney Bowes by 13.1% during the second quarter. Schwab Charles Investment Management Inc. now owns 880,997 shares of the technology company’s stock valued at $13,304,000 after acquiring an additional 102,102 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Pitney Bowes by 11.9% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,041 shares of the technology company’s stock valued at $106,000 after acquiring an additional 748 shares during the period. Principal Financial Group Inc. grew its position in Pitney Bowes by 3.3% during the second quarter. Principal Financial Group Inc. now owns 789,909 shares of the technology company’s stock valued at $11,928,000 after acquiring an additional 24,959 shares during the period. Swiss National Bank grew its position in Pitney Bowes by 1.7% during the second quarter. Swiss National Bank now owns 310,500 shares of the technology company’s stock valued at $4,689,000 after acquiring an additional 5,200 shares during the period. Finally, JPMorgan Chase & Co. grew its position in Pitney Bowes by 68.4% during the second quarter. JPMorgan Chase & Co. now owns 608,820 shares of the technology company’s stock valued at $9,193,000 after acquiring an additional 247,281 shares during the period. 73.67% of the stock is owned by hedge funds and other institutional investors.

Shares of Pitney Bowes Inc. (NYSE PBI) opened at $12.95 on Thursday. Pitney Bowes Inc. has a 1 year low of $9.50 and a 1 year high of $16.36. 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 capitalization of $2,395.72, a PE ratio of 26.98 and a beta of 1.11.

Pitney Bowes (NYSE:PBI) last issued 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). Pitney Bowes had a negative return on equity of 5,297.85% and a net margin of 2.64%. The company had revenue of $842.82 million during the quarter, compared to analysts’ expectations of $837.60 million. During the same period in the previous year, the company earned $0.44 EPS. Pitney Bowes’s quarterly revenue was up .5% on a year-over-year basis. research analysts expect that Pitney Bowes Inc. will post 1.38 EPS for the current fiscal year.

A number of equities research analysts have issued reports on PBI shares. Zacks Investment Research downgraded Pitney Bowes from a “hold” rating to a “strong sell” rating in a research report on Monday, November 6th. Loop Capital lowered their price target on Pitney Bowes from $14.00 to $12.00 and set a “hold” rating for the company in a research report on Thursday, November 2nd. Finally, ValuEngine downgraded Pitney Bowes from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the stock. Pitney Bowes has a consensus rating of “Hold” and an average target price of $14.50.

ILLEGAL ACTIVITY NOTICE: “NEXT Financial Group Inc Boosts Holdings in Pitney Bowes Inc. (PBI)” was originally published by Daily Political and is the sole property of of Daily Political. If you are viewing this report on another site, it was copied illegally and republished in violation of U.S. & international copyright & trademark laws. The legal version of this report can be accessed at https://www.dailypolitical.com/2018/01/18/next-financial-group-inc-boosts-holdings-in-pitney-bowes-inc-pbi.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).

Institutional Ownership by Quarter for Pitney Bowes (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.