Pitney Bowes Inc (NYSE:PBI) Sentiment Increased, Despite

Gilman Hill Asset Management LLC acquired a new stake in Pitney Bowes during the first quarter worth $3,887,000.

Shares of Pitney Bowes Inc. In this case, shares are down -1.79% from $65.54, the 52-week high touched on Jul. 28, 2017, and are keeping their losses at 23.89% for the past 12 months. The stock gained 2.52 percent over the past month and rose 1.91 percent year-to-date. Municipal Employees Retirement System of MI now owns 86,080 shares of the technology company's stock worth $1,129,000 after buying an additional 80,160 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 10,649 shares of the technology company's stock valued at $162,000 after buying an additional 49 shares in the last quarter. Finally, Rothschild Investment Corp IL boosted its stake in Pitney Bowes by 2.5% in the first quarter.

Other hedge funds also recently made changes to their positions in the company. This gauge is crucial in determining whether investors are moved toward the direction of buying more of the stock, or else doing the contradictory side and selling more of the stock. Sector Pension Investment Board reported 0.01% in Pitney Bowes Inc. (NYSE:PBI) opened at 15.48 on Friday. Shares are moving -15.85% lower on solid volume. The company has a market cap of $2.46 billion, a P/E ratio of 24.719 and a beta of 1.16. Pitney Bowes Inc. has a 1-year low of $12.31 and a 1-year high of $19.32. Comparatively, Pitney Bowes Inc. posted earnings of $0.54 per share in the same quarter past year.

Analysts had expected the company to earn $0.36 per share, according figures compiled by Thomson Reuters. The firm had revenue of $836.60 million for the quarter, compared to analysts' expectations of $817.07 million. Loop Capital Markets initiated Pitney Bowes Inc. The business's quarterly revenue was down.9% compared to the same quarter previous year. During the same period in the prior year, the company posted $0.34 EPS. Equities analysts predict that Pitney Bowes Inc. will post $1.74 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY WARNING: This piece was first reported by Transcript Daily and is the sole property of of Transcript Daily. If you are viewing this piece on another publication, it was stolen and republished in violation of global copyright and trademark law. The original version of this news story can be viewed at https://sportsperspectives.com/2017/07/29/legal-general-group-plc-boosts-stake-in-pitney-bowes-inc-nysepbi-updated-updated-updated.html. On Tuesday, September 1 the stock rating was upgraded by Zacks to "Sell". They now have a United States dollars 16 price target on the stock. Sidoti lowered shares of Pitney Bowes from a "buy" rating to a "neutral" rating in a report on Monday, May 15th. Finally, ValuEngine downgraded Pitney Bowes from a "buy" rating to a "hold" rating in a report on Friday, June 2nd. BidaskClub cut shares of Pitney Bowes from a "buy" rating to a "hold" rating in a research report on Friday, June 23rd. Six research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock presently has an average rating of "Hold" and a consensus target price of $17.67.

In other news, Director Linda S. Sanford purchased 5,000 shares of the business's stock in a transaction that occurred on Wednesday, May 17th. Speaking of monthly performance, PBI tapped a 3.01% gain. Following the completion of the purchase, the director now directly owns 18,690 shares of the company's stock, valued at approximately $282,032.10. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Credit Agricole S A now owns 62,906 shares of the technology company's stock valued at $956,000 after buying an additional 21,534 shares during the period.

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