UBS Asset Management Americas Inc. raised its stake in Pitney Bowes Inc. (NYSE:PBI) by 1.9% during the second quarter, according to its most recent filing with the SEC. The fund owned 183,328 shares of the company’s stock after buying an additional 3,457 shares during the period. UBS Asset Management Americas Inc. owned 0.10% of Pitney Bowes worth $3,264,000 at the end of the most recent reporting period.
Other hedge funds have also bought and sold shares of the company. IFP Advisors Inc boosted its stake in Pitney Bowes by 34.1% in the first quarter. IFP Advisors Inc now owns 5,344 shares of the company’s stock valued at $115,000 after buying an additional 1,358 shares during the last quarter. Americafirst Capital Management LLC acquired a new stake in Pitney Bowes during the second quarter valued at about $111,000. Assetmark Inc. boosted its stake in Pitney Bowes by 55,857.1% in the second quarter. Assetmark Inc. now owns 7,834 shares of the company’s stock valued at $139,000 after buying an additional 7,820 shares during the last quarter. Euclid Advisors LLC acquired a new stake in Pitney Bowes during the first quarter valued at about $190,000. Finally, Old Mutual Global Investors UK Ltd. purchased a new stake in Pitney Bowes during the second quarter valued at $185,000. 82.13% of the stock is currently owned by institutional investors.
Pitney Bowes Inc. (NYSE:PBI) traded down 0.39% during mid-day trading on Tuesday, reaching $17.98. The company’s stock had a trading volume of 156,274 shares. The stock has a market cap of $3.34 billion, a P/E ratio of 12.21 and a beta of 1.36. Pitney Bowes Inc. has a one year low of $16.24 and a one year high of $21.81. The firm’s 50 day moving average is $18.23 and its 200-day moving average is $18.96.
Pitney Bowes (NYSE:PBI) last announced its earnings results on Tuesday, August 2nd. The company reported $0.39 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.39. The firm had revenue of $836 million for the quarter, compared to analysts’ expectations of $852.46 million. Pitney Bowes had a net margin of 8.63% and a return on equity of 254.58%. The business’s revenue was down 5.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.45 EPS. Equities analysts expect that Pitney Bowes Inc. will post $1.76 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Monday, September 12th. Stockholders of record on Monday, August 22nd were given a dividend of $0.1875 per share. This represents a $0.75 annualized dividend and a dividend yield of 4.16%. The ex-dividend date was Thursday, August 18th. Pitney Bowes’s dividend payout ratio is 51.37%.
Separately, Zacks Investment Research raised Pitney Bowes from a “sell” rating to a “hold” rating in a research report on Friday, July 1st.
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 clients market to their customers, and shipping and mailing, and cross border e-commerce products and solutions that enable the sending of parcels and packages across the globe.
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