Pitney Bowes (NYSE:PBI) Earns Hold Rating from Analysts at StockNews.com

StockNews.com began coverage on shares of Pitney Bowes (NYSE:PBI – Get Rating) in a research report report published on Thursday morning. The firm issued a hold rating on the technology company’s stock.

Pitney Bowes Stock Down 2.4 %

NYSE:PBI opened at $3.66 on Thursday. The company has a market capitalization of $641.67 million, a price-to-earnings ratio of 17.43 and a beta of 2.22. Pitney Bowes has a one year low of $2.30 and a one year high of $5.72. The stock has a 50-day simple moving average of $4.30 and a 200 day simple moving average of $3.62. The company has a debt-to-equity ratio of 35.82, a quick ratio of 0.99 and a current ratio of 1.04.

Pitney Bowes (NYSE:PBI – Get Rating) last posted its quarterly earnings results on Tuesday, January 31st. The technology company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.02). The firm had revenue of $908.69 million during the quarter, compared to analyst estimates of $953.48 million. Pitney Bowes had a return on equity of 62.13% and a net margin of 1.04%. The firm’s revenue for the quarter was down 7.6% on a year-over-year basis. During the same quarter last year, the business posted $0.06 earnings per share.

Pitney Bowes Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 14th. Investors of record on Friday, February 17th were paid a $0.05 dividend. The ex-dividend date of this dividend was Thursday, February 16th. This represents a $0.20 dividend on an annualized basis and a yield of 5.46%. Pitney Bowes’s dividend payout ratio (DPR) is 95.24%.

Hedge Funds Weigh In On Pitney Bowes

A number of hedge funds have recently bought and sold shares of PBI. D.A. Davidson & CO. bought a new position in Pitney Bowes in the third quarter worth about $27,000. Gamco Investors INC. ET AL bought a new position in Pitney Bowes in the third quarter worth about $28,000. Baird Financial Group Inc. bought a new position in Pitney Bowes in the third quarter worth about $28,000. Sage Rhino Capital LLC bought a new position in Pitney Bowes in the third quarter worth about $31,000. Finally, Point72 Middle East FZE bought a new position in Pitney Bowes in the fourth quarter worth about $34,000. 72.13% of the stock is currently owned by institutional investors and hedge funds.

Pitney Bowes Company Profile

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Pitney Bowes, Inc is a technology company, which engages in the provision of products and solutions in the commerce industry. It operates through the following segments: Global Ecommerce, Presort Services, and Send Technology (SendTech) Solutions. The Global Ecommerce segment includes products and services that facilitate domestic retail and ecommerce shipping solutions, including fulfillment and returns, and global cross-border ecommerce transactions.