ING Groep NV Raises Position in Pitney Bowes Inc. (PBI)

ING Groep NV increased its holdings in Pitney Bowes Inc. (NYSE:PBI) by 23.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 28,176 shares of the technology company’s stock after buying an additional 5,313 shares during the quarter. ING Groep NV’s holdings in Pitney Bowes were worth $315,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. State of Alaska Department of Revenue acquired a new position in Pitney Bowes in the 4th quarter worth approximately $120,000. NEXT Financial Group Inc increased its holdings in Pitney Bowes by 2,155.1% in the 4th quarter. NEXT Financial Group Inc now owns 11,005 shares of the technology company’s stock worth $123,000 after buying an additional 10,517 shares during the period. ETRADE Capital Management LLC acquired a new position in Pitney Bowes in the 3rd quarter worth approximately $168,000. Flagship Harbor Advisors LLC acquired a new position in Pitney Bowes in the 4th quarter worth approximately $151,000. Finally, Raymond James Financial Services Advisors Inc. increased its holdings in Pitney Bowes by 38.8% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 15,259 shares of the technology company’s stock worth $230,000 after buying an additional 4,268 shares during the period. Institutional investors own 70.97% of the company’s stock.

Several brokerages recently weighed in on PBI. Loop Capital cut their price target on shares of Pitney Bowes from $14.00 to $12.00 and set a “hold” rating on the stock in a report on Thursday, November 2nd. Zacks Investment Research raised shares of Pitney Bowes from a “strong sell” rating to a “hold” rating in a research note on Monday, January 8th. Finally, ValuEngine cut shares of Pitney Bowes from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $14.50.

Shares of Pitney Bowes Inc. (PBI) opened at $12.36 on Wednesday. The company has a market cap of $2,310.00, a P/E ratio of 8.77 and a beta of 1.05. Pitney Bowes Inc. has a one year low of $9.50 and a one year high of $16.25. The company has a debt-to-equity ratio of 18.34, a quick ratio of 1.24 and a current ratio of 1.28.

Pitney Bowes (NYSE:PBI) last issued its quarterly earnings data on Wednesday, January 31st. The technology company reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.03. The business had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.04 billion. Pitney Bowes had a net margin of 7.36% and a return on equity of 379.85%. The business’s revenue was up 18.3% on a year-over-year basis. During the same quarter last year, the company earned $0.53 EPS. research analysts forecast that Pitney Bowes Inc. will post 1.48 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 12th. Stockholders of record on Friday, February 16th will be paid a dividend of $0.1875 per share. The ex-dividend date is Thursday, February 15th. This represents a $0.75 dividend on an annualized basis and a dividend yield of 6.07%. Pitney Bowes’s payout ratio is 53.19%.

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Pitney Bowes 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.

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

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