American National Insurance Co. TX continued to hold its stake in Pitney Bowes Inc. (NYSE:PBI) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,000 shares of the technology company’s stock at the end of the first quarter. American National Insurance Co. TX’s holdings in Pitney Bowes were worth $262,000 at the end of the most recent quarter.
Other hedge funds also recently added to or reduced their stakes in the company. Fox Run Management L.L.C. bought a new stake in Pitney Bowes during the first quarter valued at about $159,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in Pitney Bowes by 0.5% in the fourth 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. ING Groep NV bought a new stake in Pitney Bowes during the fourth quarter valued at about $167,000. Thompson Siegel & Walmsley LLC bought a new stake in Pitney Bowes during the fourth quarter valued at about $185,000. Finally, Bank of The West bought a new stake in Pitney Bowes during the third quarter valued at about $187,000. 73.69% of the stock is owned by institutional investors and hedge funds.
Pitney Bowes Inc. (NYSE:PBI) traded up 2.11% during trading on Friday, hitting $15.49. The stock had a trading volume of 1,618,765 shares. The firm’s 50-day moving average price is $13.26 and its 200-day moving average price is $14.57. Pitney Bowes Inc. has a 52-week low of $12.31 and a 52-week high of $19.33. The company has a market cap of $2.89 billion, a price-to-earnings ratio of 31.55 and a beta of 1.36.
Pitney Bowes (NYSE:PBI) last announced its quarterly earnings results on Tuesday, May 2nd. The technology company reported $0.36 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.34 by $0.02. Pitney Bowes had a return on equity of 575.70% and a net margin of 3.20%. The firm earned $836.60 million during the quarter, compared to analyst estimates of $817.07 million. During the same quarter in the previous year, the business earned $0.34 EPS. Pitney Bowes’s revenue for the quarter was down .9% compared to the same quarter last year. Analysts predict that Pitney Bowes Inc. will post $1.75 EPS for the current fiscal year.
Separately, Zacks Investment Research raised Pitney Bowes from a “sell” rating to a “hold” rating in a report on Monday, April 10th.
About Pitney Bowes
Pitney Bowes Inc is a global technology company. The Company 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.
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