1 day Ago By ABMN Staff
Pitney Bowes Inc. ( NYSE:PBI – Get Free Report ) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $5.
48 and traded as high as $7.23. Pitney Bowes shares last traded at $7.
02, with a volume of 1,578,247 shares changing hands. Analyst Upgrades and Downgrades Separately, StockNews.com downgraded shares of Pitney Bowes from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 21st.
View Our Latest Report on Pitney Bowes Pitney Bowes Stock Performance Pitney Bowes ( NYSE:PBI – Get Free Report ) last issued its quarterly earnings results on Thursday, August 8th. The technology company reported $0.03 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.
07) by $0.10. Pitney Bowes had a negative net margin of 8.
05% and a negative return on equity of 5.31%. The company had revenue of $793.
17 million during the quarter, compared to the consensus estimate of $771.65 million. During the same period in the prior year, the company earned ($0.
02) EPS. Pitney Bowes’s revenue was up 2.1% on a year-over-year basis.
On average, equities analysts anticipate that Pitney Bowes Inc. will post 0.35 EPS for the current fiscal year.
Pitney Bowes Announces Dividend The company also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Thursday, August 22nd were paid a dividend of $0.05 per share.
This represents a $0.20 dividend on an annualized basis and a yield of 2.85%.
The ex-dividend date of this dividend was Thursday, August 22nd. Pitney Bowes’s dividend payout ratio is presently -9.22%.
Institutional Trading of Pitney Bowes A number of hedge funds have recently bought and sold shares of PBI. Marshall Wace LLP lifted its stake in Pitney Bowes by 248.1% during the second quarter.
Marshall Wace LLP now owns 706,302 shares of the technology company’s stock valued at $3,588,000 after buying an additional 503,378 shares in the last quarter. Steward Partners Investment Solutions LLC purchased a new stake in Pitney Bowes during the fourth quarter valued at about $1,869,000. Hsbc Holdings PLC lifted its stake in Pitney Bowes by 58.
2% during the fourth quarter. Hsbc Holdings PLC now owns 950,496 shares of the technology company’s stock valued at $4,145,000 after buying an additional 349,599 shares in the last quarter. Susquehanna Fundamental Investments LLC purchased a new stake in Pitney Bowes during the second quarter valued at about $1,582,000.
Finally, Cubist Systematic Strategies LLC lifted its stake in Pitney Bowes by 144.5% during the second quarter. Cubist Systematic Strategies LLC now owns 428,194 shares of the technology company’s stock valued at $2,175,000 after buying an additional 253,076 shares in the last quarter.
67.88% of the stock is owned by hedge funds and other institutional investors. Pitney Bowes Company Profile ( Get Free Report ) Pitney Bowes Inc, a shipping and mailing company, provides technology, logistics, and financial services to small and medium-sized businesses, large enterprises, retailers, and government clients in the United States and internationally.
It operates through Global Ecommerce, Presort Services, and SendTech Solutions segments. Further Reading 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 .
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