Pitney Bowes Inc. (PBI)- Stocks Showcasing Performance Assessment Rally

Paterniano Del Favero
Agosto 2, 2017

Shares of Pitney Bowes Inc. 64 funds opened positions while 114 raised stakes.

1,601 are owned by Kistler. Jane Street Gru Limited Liability Corporation reported 51,690 shares stake.

Analyst research firms are expressing bullish stance on Pitney Bowes Inc. (NYSE:PBI)'s 14-day Relative Strength Index (RSI) has reached 57.5, putting it inside a neutral zone.

Pitney Bowes' headquarters are located at 3001 Summer St., in Stamford. That suggests something of the likelihood of a short squeeze in shares of PBI.

Pitney Bowes Inc. (PBI)'s ROE is 270.03%, while industry's is 8.02%.

Several other hedge funds have also bought and sold shares of PBI.

"We continued to make progress on our strategic agenda in the second quarter, investing in our brand, systems, products and capabilities", Pitney President and CEO Marc Lautenbach said in a statement. (NYSE:PBI). Susquehanna Grp Incorporated Limited Liability Partnership holds 0% or 168,200 shares in its portfolio. Creative Planning invested in 0% or 24,416 shares. Comparatively, PBI posted earnings of $0.54 per share in the same quarter, a year earlier.

Pitney Bowes (NYSE:PBI) last released its quarterly earnings data on Tuesday, May 2nd.

Legal & General Group Plc increased its position in shares of Pitney Bowes Inc. Panagora Asset accumulated 0% or 33,552 shares. The stock of Pitney Bowes Inc. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 4.65% with $185.57 Million sitting short, betting on future declines. The stock was purchased at an average price of $15.09 per share, with a total value of $75,450.00. The Firm has ATR of 0.31 that is explaining range of a day's trading is high-low; ATR expands it to yesterday's closing price. It has underperformed by 32.15% the S&P500. (NYSE:PIR) was trading at volume less than average, prior 52-week high was $9.68 and plunged -7.13% over the same period, trading at a volume of 1.12 million. It was reported on Aug, 1 by Barchart.com.

Pitney Bowes Inc. has a 12 month low of $12.31 and a 12 month high of $19.10. Therefore 25% are positive.

Pitney Bowes Inc. (PBI) is expected to post revenue of $822.87 Million in the current quarter, according to consensus of 3 analysts. After a recent check, company stock has been trading near the $15.80 mark. Zacks Investment Research upgraded shares of Pitney Bowes from a "sell" rating to a "hold" rating in a report on Monday, April 10th. The company was downgraded on Monday, September 7 by Zacks. Brean Capital maintained it with "Buy" rating and $30 target in Thursday, September 17 report. Loop Capital initiated coverage on shares of Pitney Bowes in a research note on Friday. Kistler stated it has 0.01% in Pitney Bowes Inc. Principal Gp reported 0.01% in Pitney Bowes Inc.

How Active Are Pitney Bowes Inc.

The P/E ratio is 29.04 and market capitalization is 2.89B. The Firm offers customer information management, location intelligence and customer engagement products and solutions to help its clients market to their customers, and shipping, mailing, and cross border e-commerce products and solutions that enable the sending of parcels and packages across the globe. The Business's segments include Small & Medium Business Solutions (SMB), Enterprise Business Solutions and Digital Commerce Solutions.

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