Dynamic Technology Lab Private Ltd bought a new stake in shares of Pitney Bowes Inc. (NYSE:PBI) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 37,277 shares of the technology company’s stock, valued at approximately $564,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank grew its stake 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 in the last quarter. Seven Eight Capital LP purchased a new position in Pitney Bowes during the second quarter valued at $108,000. IFP Advisors Inc grew its stake in Pitney Bowes by 74.4% during the second quarter. IFP Advisors Inc now owns 11,236 shares of the technology company’s stock valued at $170,000 after acquiring an additional 4,793 shares in the last quarter. D.A. Davidson & CO. grew its stake in Pitney Bowes by 23.0% during the second quarter. D.A. Davidson & CO. now owns 12,300 shares of the technology company’s stock valued at $185,000 after acquiring an additional 2,300 shares in the last quarter. Finally, TSP Capital Management Group LLC grew its stake in Pitney Bowes by 13.1% during the second quarter. TSP Capital Management Group LLC now owns 12,550 shares of the technology company’s stock valued at $190,000 after acquiring an additional 1,450 shares in the last quarter. 76.18% of the stock is owned by institutional investors.

Pitney Bowes Inc. (PBI) opened at 14.23 on Friday. The stock has a market capitalization of $2.66 billion, a PE ratio of 27.96 and a beta of 1.21. The company’s 50-day moving average is $13.45 and its 200 day moving average is $14.15. Pitney Bowes Inc. has a 1-year low of $12.31 and a 1-year high of $18.20.

Pitney Bowes (NYSE:PBI) last posted its quarterly earnings data on Tuesday, August 1st. The technology company reported $0.33 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.36 by ($0.03). The company had revenue of $821.40 million for the quarter, compared to analyst estimates of $822.90 million. Pitney Bowes had a return on equity of 15,666.66% and a net margin of 3.02%. The business’s revenue was down 1.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.39 earnings per share. Equities analysts predict that Pitney Bowes Inc. will post $1.68 earnings per share for the current year.

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PBI has been the subject of several research analyst reports. Zacks Investment Research raised shares of Pitney Bowes from a “sell” rating to a “hold” rating in a research note on Monday, September 4th. ValuEngine cut shares of Pitney Bowes from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. BidaskClub raised shares of Pitney Bowes from a “sell” rating to a “hold” rating in a research note on Saturday, August 26th. Loop Capital initiated coverage on shares of Pitney Bowes in a research note on Friday, July 28th. They set a “hold” rating and a $16.00 target price for the company. Finally, Cross Research cut shares of Pitney Bowes from a “hold” rating to a “sell” rating in a research note on Tuesday, August 8th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $17.67.

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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