(NYSE:PBI) are experiencing unusual volume during today's trading.
The most recent open market insider trade was Buy of 5,000 shares on a day where the closing price was 15.09. Finally, BidaskClub cut Pitney Bowes from a "hold" rating to a "sell" rating in a report on Wednesday, August 2nd.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the company.
Is Pitney Bowes Inc. BlackRock Inc. now owns 21,131,601 shares of the technology company's stock valued at $277,037,000 after acquiring an additional 20,918,761 shares in the last quarter. The insider now holds 40,968 shares of Pitney Bowes Inc. Bokf acquired 5,596 shares as Vornado Rlty Tr (VNO)'s stock declined 14.33%. Ifrah Financial Services Inc. now owns 18,025 shares of the technology company's stock worth $272,000 after buying an additional 238 shares in the last quarter. The firm's revenue was down 3.5% on a year-over-year basis. The firm owned 287,259 shares of the technology company's stock after selling 20,492 shares during the period.
COPYRIGHT VIOLATION WARNING: This piece of content was published by Week Herald and is owned by of Week Herald. If you are reading this story on another publication, it was illegally copied and reposted in violation of global trademark and copyright law. Seven Eight Capital LP purchased a new position in Pitney Bowes in the 2nd quarter worth approximately $108,000.
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Loop Capital added PBI to its research portfolio by announcing an initial rating of "Hold". Goldman Sachs downgraded the shares of CYT in report on Monday, August 17 to "Neutral" rating. A stock is considered to be oversold if the RSI reading falls below 30. About shares traded. Pitney Bowes Inc. It is negative, as 43 investors sold Pitney Bowes Inc. shares while 109 reduced holdings. 1 of them rate its stock a hold.
11/02/2016 - Pitney Bowes Inc. had its "buy" rating reiterated by analysts at Brean Capital. They set a "hold" rating and a $16.00 price objective on the stock. (NYSE:PBI). Td Asset Management Inc stated it has 245,940 shares or 0.01% of all its holdings. (NYSE:PBI) inside ownership was 0.10%. The rating was maintained by RBC Capital Markets with "Buy" on Friday, June 2. Brown Brothers Harriman And Com has 0.01% invested in Pitney Bowes Inc.
Pitney Bowes (NYSE:PBI) last released its quarterly earnings data on Tuesday, August 1st. The company reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by $0.02. The firm had revenue of $821.40 million for the quarter, compared to analysts' expectations of $822.90 million. Pitney Bowes had a net margin of 3.02% and a return on equity of 15,666.66%. Over the past month the firm's stock is -9.47%, -6.36% for the last quarter, -28.86% for the past six-months and -41.93% for the a year ago. During the same period in the prior year, the company earned $0.39 earnings per share. Pitney Bowes Inc. has a 1-year low of $12.31 and a 1-year high of $16.60.
Pitney Bowes Inc is a global technology company. The Firm 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.
These funds have shifted positions in (PBI).
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