Pitney Bowes (PBI) Hits New 1-Year Low at $6.56

Pitney Bowes Inc. (NYSE:PBI)’s share price reached a new 52-week low during trading on Friday . The stock traded as low as $6.56 and last traded at $6.82, with a volume of 71854 shares traded. The stock had previously closed at $6.83.

PBI has been the topic of several research analyst reports. Zacks Investment Research raised shares of Pitney Bowes from a “sell” rating to a “hold” rating in a report on Thursday, August 16th. ValuEngine upgraded shares of Pitney Bowes from a “sell” rating to a “hold” rating in a research report on Thursday, August 2nd. Finally, Maxim Group set a $12.00 price target on shares of Pitney Bowes and gave the stock a “buy” rating in a research report on Tuesday, July 24th.

The stock has a market capitalization of $1.26 billion, a price-to-earnings ratio of 5.20 and a beta of 0.96. The company has a current ratio of 1.23, a quick ratio of 1.20 and a debt-to-equity ratio of 16.56.



Pitney Bowes (NYSE:PBI) last announced its quarterly earnings results on Wednesday, August 1st. The technology company reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.01. Pitney Bowes had a net margin of 6.66% and a return on equity of 138.42%. The company had revenue of $861.00 million for the quarter, compared to analysts’ expectations of $854.03 million. During the same quarter in the previous year, the business posted $0.33 earnings per share. Pitney Bowes’s quarterly revenue was up 17.9% on a year-over-year basis. On average, equities analysts forecast that Pitney Bowes Inc. will post 1.16 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently made changes to their positions in PBI. Dimensional Fund Advisors LP increased its position in Pitney Bowes by 7.9% in the first quarter. Dimensional Fund Advisors LP now owns 2,583,482 shares of the technology company’s stock worth $28,134,000 after purchasing an additional 188,611 shares during the last quarter. Russell Investments Group Ltd. increased its position in Pitney Bowes by 83.9% during the first quarter. Russell Investments Group Ltd. now owns 29,832 shares of the technology company’s stock valued at $325,000 after acquiring an additional 13,610 shares during the last quarter. Principal Financial Group Inc. increased its position in Pitney Bowes by 2.0% during the first quarter. Principal Financial Group Inc. now owns 810,421 shares of the technology company’s stock valued at $8,826,000 after acquiring an additional 15,662 shares during the last quarter. A.R.T. Advisors LLC bought a new position in Pitney Bowes during the first quarter valued at $441,000. Finally, Xact Kapitalforvaltning AB increased its position in Pitney Bowes by 58.6% during the first quarter. Xact Kapitalforvaltning AB now owns 28,699 shares of the technology company’s stock valued at $313,000 after acquiring an additional 10,600 shares during the last quarter. Institutional investors own 72.86% of the company’s stock.

Pitney Bowes Company Profile (NYSE:PBI)

Pitney Bowes Inc offers customer information management, location intelligence, and customer engagement products and solutions in the United States and internationally. The company operates in three segments: Small & Medium Business Solutions; Enterprise Business Solutions; and Digital Commerce Solutions.

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