(NYSE:PBI). At the time of writing, the First Call consensus price target for the company is $18.50.
We should also note their 52-Week High and Low: the shares now trade -31.44% away from their high and 7.60% from the low.
RSG's revenue has grown at an average annualized rate of about 2.8% during the past five years. The fund owned 713,553 shares of the technology company's stock after selling 46,367 shares during the period.
The biggest institutional shareholders in Pitney Bowes Inc. include Vanguard Group Inc which owns 18 million shares in the company valued at $235.05 million. 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. The biggest holder now is Murray D. Martin who owns 253,020 shares (0.14% of those outstanding), whilst Michael J. Critelli holds 245,690 (0.13% of shares outstanding) and Mr. Marc B. Lautenbach holds 157,242 (0.08% of shares outstanding). Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 10,649 shares of the technology company's stock worth $162,000 after buying an additional 49 shares during the last quarter. Gilman Hill Asset Management LLC acquired a new stake in Pitney Bowes during the first quarter worth $3,887,000. Finally, Huntington National Bank increased its position in Pitney Bowes by 10.1% in the first quarter. Louisiana State Employees Retirement System now owns 48,700 shares of the technology company's stock worth $735,000 after buying an additional 1,600 shares in the last quarter.
Over the past 50 days, Pitney Bowes Inc. stock's -4.59% off of the high and 4.80% removed from the low. (NYSE:PBI) on Tuesday, September 1 to "Sell" rating. 9,690,379 shares of the company traded hands. The firm has a market capitalization of $2.94 billion, a PE ratio of 29.53 and a beta of 1.16. The company's 50 day moving average price is $15.34 and its 200 day moving average price is $14.45.
Pitney Bowes (NYSE:PBI) last posted its quarterly earnings results on Tuesday, May 2nd. In the last earnings report the EPS was $0.53 and is estimated to be $1.74 for the current year with 186,500,000 shares presently outstanding. The business had revenue of $836.60 million during the quarter, compared to analyst estimates of $817.07 million. Moreover, Lapides Asset Mgmt Ltd Liability Corporation has 2.32% invested in Pitney Bowes Inc. Pitney Bowes's revenue for the quarter was down 1.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.34 earnings per share. The value of the company's investment in Pitney Bowes Inc. increased from $1,747,000 to $2,056,000 a change of 17.7% quarter over quarter.
11/02/2016 - Pitney Bowes Inc. had its " rating reiterated by analysts at Brean Capital. "(PBI)" was originally published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this story on another domain, it was illegally stolen and reposted in violation of United States & global trademark & copyright law.
Several other hedge funds and other institutional investors also recently bought and sold shares of PBI. Zacks downgraded the shares of PBI in report on Monday, September 7 to "Sell" rating. ValuEngine lowered Pitney Bowes from a "buy" rating to a "hold" rating in a research note on Friday, June 2nd. BidaskClub downgraded shares of Pitney Bowes from a "buy" rating to a "hold" rating in a research report on Friday, June 23rd. As per Friday, July 28, the company rating was initiated by Loop Capital Markets. They now have a Dollars 16 price target on the stock. They issued a "hold" rating and a $16.00 price objective for the company.
In other Pitney Bowes news, Director Linda S. Sanford acquired 5,000 shares of the company's stock in a transaction that occurred on Wednesday, May 17th. Currently, Republic Services, Inc.net profit margin for the 12 months is at 6.87%.