Sheaff Brock Investment Advisors LLC Has $159,000 Position in Pitney Bowes Inc. (PBI)

Sheaff Brock Investment Advisors LLC decreased its position in shares of Pitney Bowes Inc. (NYSE:PBI) by 5.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,559 shares of the technology company’s stock after selling 550 shares during the period. Sheaff Brock Investment Advisors LLC’s holdings in Pitney Bowes were worth $159,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in 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 buying an additional 748 shares during the period. Trexquant Investment LP purchased a new stake in Pitney Bowes during the 1st quarter worth $149,000. IFP Advisors Inc increased its stake in Pitney Bowes by 74.4% during the 2nd quarter. IFP Advisors Inc now owns 11,236 shares of the technology company’s stock worth $170,000 after buying an additional 4,793 shares during the period. TSP Capital Management Group LLC increased its stake in Pitney Bowes by 13.1% during the 2nd quarter. TSP Capital Management Group LLC now owns 12,550 shares of the technology company’s stock worth $190,000 after buying an additional 1,450 shares during the period. Finally, Bank of Nova Scotia purchased a new stake in Pitney Bowes during the 1st quarter worth $216,000. 76.28% of the stock is currently owned by hedge funds and other institutional investors.

Several equities research analysts have recently weighed in on PBI shares. Zacks Investment Research raised shares of Pitney Bowes from a “sell” rating to a “hold” rating in a research report on Monday, September 4th. ValuEngine downgraded shares of Pitney Bowes from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. BidaskClub raised shares of Pitney Bowes from a “sell” rating to a “hold” rating in a research report on Saturday, August 26th. Cross Research downgraded shares of Pitney Bowes from a “hold” rating to a “sell” rating in a research report on Tuesday, August 8th. Finally, Sidoti raised shares of Pitney Bowes from a “neutral” rating to a “buy” rating and set a $17.00 target price for the company in a research report on Wednesday, August 2nd. One equities research 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 presently has an average rating of “Hold” and a consensus price target of $17.50.

Shares of Pitney Bowes Inc. (PBI) opened at 12.82 on Friday. The stock has a 50 day moving average of $13.03 and a 200 day moving average of $14.04. Pitney Bowes Inc. has a 52-week low of $12.31 and a 52-week high of $18.24. The company has a market cap of $2.39 billion, a P/E ratio of 25.19 and a beta of 1.20.

Pitney Bowes (NYSE:PBI) last issued its quarterly earnings results on Tuesday, August 1st. The technology company reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.03). Pitney Bowes had a net margin of 3.02% and a return on equity of 15,666.66%. The company had revenue of $821.40 million during the quarter, compared to the consensus estimate of $822.90 million. During the same period last year, the company earned $0.39 earnings per share. Pitney Bowes’s revenue for the quarter was down 1.7% on a year-over-year basis. On average, equities analysts anticipate that Pitney Bowes Inc. will post $1.68 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 12th. Shareholders of record on Friday, August 25th were issued a $0.1875 dividend. This represents a $0.75 dividend on an annualized basis and a yield of 5.85%. The ex-dividend date was Wednesday, August 23rd. Pitney Bowes’s dividend payout ratio (DPR) is presently 144.23%.

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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.

Institutional Ownership by Quarter for Pitney Bowes (NYSE:PBI)

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