Market Runner: Pitney Bowes Inc (NYSE:PBI) Institutional Investor Positioning

November 29, 2016 - By Vivian Park   ·   0 Comments

Market Runner: Pitney Bowes Inc (NYSE:PBI) Institutional Investor Positioning

Sentiment for Pitney Bowes Inc (NYSE:PBI)

Pitney Bowes Inc (NYSE:PBI) institutional sentiment decreased to 0.9 in 2016 Q2. Its down -0.14, from 1.04 in 2016Q1. The ratio has dropped, as 145 funds started new and increased positions, while 140 sold and reduced stock positions in Pitney Bowes Inc. The funds in our partner’s database now have: 149.82 million shares, down from 156.00 million shares in 2016Q1. Also, the number of funds holding Pitney Bowes Inc in their top 10 positions decreased from 3 to 0 for a decrease of 3. Sold All: 35 Reduced: 105 Increased: 97 New Position: 48.

Pitney Bowes Inc. is a global technology company. The company has a market cap of $2.74 billion. The Firm offers customer information management, location intelligence, and customer engagement products and solutions to help clients market to their customers, and shipping and mailing, and cross border e-commerce products and solutions that enable the sending of parcels and packages across the globe. It has a 10.95 P/E ratio. The Company’s business is organized around three sets of solutions, which include small and medium business Solutions, enterprise business solutions and digital commerce solutions (DCS).

About 20,288 shares traded hands. Pitney Bowes Inc. (NYSE:PBI) has declined 30.32% since April 26, 2016 and is downtrending. It has underperformed by 35.58% the S&P500.

Analysts await Pitney Bowes Inc. (NYSE:PBI) to report earnings on February, 7. They expect $0.58 earnings per share, up 20.83% or $0.10 from last year’s $0.48 per share. PBI’s profit will be $107.38M for 6.38 P/E if the $0.58 EPS becomes a reality. After $0.44 actual earnings per share reported by Pitney Bowes Inc. for the previous quarter, Wall Street now forecasts 31.82% EPS growth.

According to Zacks Investment Research, “Pitney Bowes, Inc. operates in three reportable segments: Mailing and Integrated Logistics, Office Solutions and Capital Services. The company operates in the United States and outside the U.S. Mailing and Integrated Logistics includes revenues from the rental of postage meters and the sale and financing of mailing equipment. Office Solutions includes revenues from the sale, financing, rental and service of reprographic and facsimile equipment. Capital Services provides large-ticket financing and fee-based programs covering a broad range of products and other financial services.”

Fort L.P. holds 3.1% of its portfolio in Pitney Bowes Inc. for 426,288 shares. Berson & Corrado Investment Advisors Llc owns 217,160 shares or 2.51% of their US portfolio. Moreover, Iridian Asset Management Llc Ct has 2.02% invested in the company for 12.28 million shares. The California-based Lombardia Capital Partners Llc has invested 1.56% in the stock. Wilen Investment Management Corp., a Florida-based fund reported 126,684 shares.#img1#

Insider Transactions: Since January 1, 0001, the stock had 3 insider purchases, and 0 selling transactions for $144,710 net activity.

Pitney Bowes Inc. (NYSE:PBI) Ratings Coverage

Ratings analysis reveals 50% of Pitney Bowes’s analysts are positive. Out of 2 Wall Street analysts rating Pitney Bowes, 1 give it “Buy”, 1 “Sell” rating, while 0 recommend “Hold”. PBI was included in 3 notes of analysts from September 1, 2015. On Thursday, September 17 the stock rating was maintained by Brean Capital with “Buy”. Zacks downgraded the shares of PBI in a report on Monday, September 7 to “Sell” rating. On Tuesday, September 1 the stock rating was upgraded by Zacks to “Sell”.

PBI Company Profile

Pitney Bowes Inc., incorporated on April 23, 1920, is a global technology company. The Firm offers customer information management, location intelligence, and customer engagement products and solutions to help clients market to their customers, and shipping and mailing, and cross border e-commerce products and solutions that enable the sending of parcels and packages across the globe. The Company’s business is organized around three sets of solutions, which include small and medium business (SMB) Solutions, enterprise business solutions and digital commerce solutions (DCS). The Company’s DCS business includes Software Solutions and Global Ecommerce divisions. The Company’s Others segment consists of Imagitas. The Firm markets services and products through sales force, direct mailings, telemarketing, independent dealers and distributors and Web channels. It sells products to business, governmental, institutional and other organizations. The Firm conducts research and development, manufacturing and assembly, product management, information technology (IT) and other activities at the global technology center located in Danbury, Connecticut.

More notable recent Pitney Bowes Inc. (NYSE:PBI) news were published by: Fool.com which released: “Why Shares of Pitney Bowes Inc. Tumbled Today” on November 01, 2016, also Fool.com with their article: “Pitney Bowes Inc. and RetailMeNot Inc. Dive As Stocks Fall” published on May 03, 2016, Nasdaq.com published: “Pitney Bowes Inc. (PBI) Ex-Dividend Date Scheduled for November 17, 2016” on November 16, 2016. More interesting news about Pitney Bowes Inc. (NYSE:PBI) were released by: Businesswire.com and their article: “Pitney Bowes Simplifies Office Shipping and Mailing with the Launch of the …” published on October 05, 2016 as well as Forbes.com‘s news article titled: “Pitney Bowes Becomes Oversold (PBI)” with publication date: October 13, 2016.

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By Vivian Park


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