James J. Burns & Company LLC Purchases New Position in Pitney Bowes Inc. (NYSE:PBI)

James J. Burns & Company LLC acquired a new position in shares of Pitney Bowes Inc. (NYSE:PBI) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 16,950 shares of the technology company’s stock, valued at approximately $121,000.

Other institutional investors also recently made changes to their positions in the company. nVerses Capital LLC bought a new stake in Pitney Bowes in the 2nd quarter valued at $48,000. William Howard & Co Financial Advisors Inc bought a new stake in shares of Pitney Bowes in the first quarter valued at about $52,000. SageView Advisory Group LLC acquired a new position in shares of Pitney Bowes in the first quarter valued at about $57,000. Point72 DIFC Ltd increased its position in Pitney Bowes by 218.0% during the second quarter. Point72 DIFC Ltd now owns 11,405 shares of the technology company’s stock worth $58,000 after acquiring an additional 7,819 shares during the period. Finally, Envestnet Portfolio Solutions Inc. increased its position in Pitney Bowes by 15.6% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 15,189 shares of the technology company’s stock worth $77,000 after acquiring an additional 2,054 shares during the period. Institutional investors own 67.88% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of Pitney Bowes from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 21st.

Pitney Bowes Price Performance

Shares of NYSE:PBI opened at $7.48 on Tuesday. The business’s 50 day simple moving average is $6.98 and its 200 day simple moving average is $6.16. Pitney Bowes Inc. has a 1 year low of $3.68 and a 1 year high of $7.70. The company has a market capitalization of $1.34 billion, a P/E ratio of -4.99, a P/E/G ratio of 1.37 and a beta of 1.97.

Pitney Bowes (NYSE:PBI) last issued its quarterly earnings results on Thursday, August 8th. The technology company reported $0.03 EPS for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.10. The company had revenue of $793.17 million for the quarter, compared to analysts’ expectations of $771.65 million. Pitney Bowes had a negative return on equity of 5.31% and a negative net margin of 8.05%. During the same quarter last year, the business earned ($0.02) earnings per share. Pitney Bowes’s revenue was up 2.1% on a year-over-year basis. On average, sell-side analysts anticipate that Pitney Bowes Inc. will post 0.35 EPS for the current fiscal year.

Pitney Bowes Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Thursday, August 22nd were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.67%. The ex-dividend date of this dividend was Thursday, August 22nd. Pitney Bowes’s dividend payout ratio (DPR) is presently -13.33%.

About Pitney Bowes

Pitney Bowes Inc, a shipping and mailing company, provides technology, logistics, and financial services to small and medium-sized businesses, large enterprises, retailers, and government clients in the United States and internationally. It operates through Global Ecommerce, Presort Services, and SendTech Solutions segments.