Renaissance Technologies LLC Reduces Position in Pitney Bowes Inc. (PBI)

Pointstate Capital Lp acquired 692,600 shares as Eaton Corp Plc (ETN)'s stock rose 8.91%. The value of the total investment in Pitney Bowes Inc. went from $15,633,000 to $20,452,000 increasing 30.8% quarter to quarter. The stock increased 0.22% or $0.03 on October 13, reaching $13.88. The company had a trading volume of 1,372,736 shares. Colony Bankcorp Inc (NASDAQ:CBAN) has risen 45.99% since October 15, 2016 and is uptrending. It has outperformed by 29.29% the S&P500.

Levin Capital Strategies Lp decreased Pitney Bowes Inc (PBI) stake by 75.9% reported in 2017Q2 SEC filing. (NYSE:PBI). Mason Street Advisors Llc reported 91,106 shares. 1372736 shares were traded on Pitney Bowes Inc.'s last session. The stock increased 4.96% or $0.65 on October 13, reaching $13.75.

Pitney Bowes (PBI) traded up 0.22% during mid-day trading on Tuesday, hitting $13.88. It has underperformed by 32.15% the S&P500.

Pitney Bowes (NYSE:PBI) last issued its earnings results on Tuesday, August 1st. The business's quarterly revenue was down 1.7% on a year-over-year basis. New York-based Miller Howard Ny has invested 1.15% in Pitney Bowes Inc. (NYSE:PBI) for 531,042 shares. The firm earned "Sell" rating on Monday, September 7 by Zacks.

Press coverage about Pitney Bowes (NYSE:PBI) has trended somewhat positive this week, Accern Sentiment reports. BMO Capital Markets has "Buy" rating and $4000 target. Pitney Bowes earned a news impact score of 0.16 on Accern's scale. Sidoti raised shares of Pitney Bowes from a "neutral" rating to a "buy" rating and set a $17.00 target price for the company in a research note on Wednesday, August 2nd. Loop Capital Markets initiated the stock with "Hold" rating in Friday, July 28 report.

Pitney Bowes Inc. (NYSE:PBI) tumbled -8.82% year-to-date. (NYSE:PBI) on Monday, September 7 to "Sell" rating. They expect $0.45 EPS, up 2.27% or $0.01 from last year's $0.44 per share. PBI's profit will be $83.97 million for 7.71 P/E if the $0.45 EPS becomes a reality. Fox Run Management L.L.C. boosted its holdings in shares of Pitney Bowes by 52.1% in the second quarter.


Since May 17, 2017, it had 1 insider purchase, and 0 sales for $75,444 activity. Alyeska Investment Group Lp invested in 0.22% or 1.63 million shares. Hanson & Doremus Inv Mgmt owns 1,000 shares.

Investors sentiment decreased to 0.89 in 2017 Q2. Its up 0.04, from 0.64 in 2017Q1. Hedge funds and other institutional investors own 76.18% of the company's stock.

These funds have shifted positions in (PBI).

Sigma Planning Corp, which manages about $1.06B US Long portfolio, upped its stake in Ishares Tr (IVW) by 14,997 shares to 78,053 shares, valued at $10.68 million in 2017Q2, according to the filing. On average, equities analysts anticipate that Pitney Bowes Inc. will post $1.68 earnings per share for the current fiscal year.

But it's not just selling activity that is creating investor interest in PBI; over the last several weeks, several insiders have bought shares. Paloma Prtn Management Communication holds 0.03% of its portfolio in Pitney Bowes Inc. The count of Hold ratings in that period was 1. Wall Street Access Asset Management Lc invested in 4.15% or 14,924 shares. M&T Bancorp Corporation invested in 0% or 30,289 shares.

05/06/2015 - Pitney Bowes Inc. was upgraded to "hold" by analysts at Zacks. (NYSE:PBI). 33,548 are held by Bokf Na. Blackrock owns 4,399 shares or 0% of their U.S. portfolio. Centurylink reported 0.38% stake. State Teachers Retirement holds 308,920 shares or 0.01% of its portfolio. Utah Retirement Systems has 34,033 shares. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the stock. Therefore 62% are positive. Apple Inc. had 306 analyst reports since July 21, 2015 according to SRatingsIntel. (NASDAQ:AAPL) on Wednesday, October 4 with "Buy" rating. As per Thursday, December 17, the company rating was maintained by RBC Capital Markets. As per Monday, May 2, the company rating was maintained by Buckingham Research. More interesting news about Pitney Bowes Inc. Zacks Investment Research raised shares of Pitney Bowes from a "sell" rating to a "hold" rating in a research note on Tuesday, October 10th. On Thursday, October 15 the stock rating was downgraded by Robert W. Baird to "Neutral". Northland Capital maintained Mobileiron Inc (NASDAQ:MOBL) rating on Friday, July 14. They now have a Dollars 16 price target on the stock. RBC Capital Markets maintained the shares of ETN in report on Wednesday, November 2 with "Sector Perform" rating. Its down 0.06, from 1.13 in 2017Q1. Bridgeway Capital Inc accumulated 22,868 shares. 330.85 million shares or 0.85% less from 333.69 million shares in 2017Q1 were reported. 522,992 are owned by Gendell Jeffrey L. Deutsche Financial Bank Ag, a Germany-based fund reported 300 shares. Bluecrest Ltd reported 12,249 shares. The dividend was $0.188 per share for the quarter or $0.75 annualized. Palisade Mgmt Ltd Liability Nj invested in 0.04% or 71,992 shares. Baldwin Brothers Inc Ma has 135 shares. Advantus Cap Management reported 23,544 shares. Moreover, Psagot Investment House has 0% invested in Pitney Bowes Inc. Meiji Yasuda Life Insur accumulated 0.26% or 21,317 shares. Denali Limited Liability Company holds 128 shares or 0% of its portfolio. First National Bank Of Mount Dora, Trust Investment Services now owns 11,150 shares worth $156,000. First Allied Advisory Svcs Incorporated holds 26,764 shares or 0.09% of its portfolio.

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