Wilen Investment Management Corp. Lowers stake in Pitney Bowes (PBI)

Pitney Bowes (PBI) : Wilen Investment Management Corp. reduced its stake in Pitney Bowes by 1.55% during the most recent quarter end. The investment management company now holds a total of 126,684 shares of Pitney Bowes which is valued at $2,280,312 after selling 2,000 shares in Pitney Bowes , the firm said in a disclosure report filed with the SEC on Aug 2, 2016.Pitney Bowes makes up approximately 1.41% of Wilen Investment Management Corp.’s portfolio.

Other Hedge Funds, Including , Quantitative Investment Management added PBI to its portfolio by purchasing 55,000 company shares during the most recent quarter which is valued at $990,000. Pitney Bowes makes up approx 0.04% of Quantitative Investment Management’s portfolio.Sigma Planning Corp boosted its stake in PBI in the latest quarter, The investment management firm added 10,046 additional shares and now holds a total of 30,907 shares of Pitney Bowes which is valued at $581,052. Pitney Bowes makes up approx 0.07% of Sigma Planning Corp’s portfolio.Ls Investment Advisors boosted its stake in PBI in the latest quarter, The investment management firm added 213 additional shares and now holds a total of 12,989 shares of Pitney Bowes which is valued at $244,193. Pitney Bowes makes up approx 0.02% of Ls Investment Advisors’s portfolio.Visionary Asset Management boosted its stake in PBI in the latest quarter, The investment management firm added 6,144 additional shares and now holds a total of 128,182 shares of Pitney Bowes which is valued at $2,425,203. Pitney Bowes makes up approx 0.84% of Visionary Asset Management’s portfolio.

Pitney Bowes (PBI) witnessed a volatile trading activity on Monday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $18.64 and reached the intraday high at $18.79. The bulls started the profit booking and pushed the shares to intraday low of $18.58. The trading session was marked by a volume range of 8,61,406 shares exchanging hands. The 52-week high of the shares is $21.81 and the 52-week low is $16.24. The market cap of the company stands at $3,512 M and there are 18,86,20,370 shares in public circulation.

On the company’s financial health, Pitney Bowes reported $0.39 EPS for the quarter, based on the information available during the earnings call on Aug 2, 2016. Analyst had a consensus estimate of $0.39. The company had revenue of $836.00 million for the quarter, compared to analysts expectations of $851.83 million. The company’s revenue was down -5.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.45 EPS.

Pitney Bowes Inc. is a provider of technology solutions. The Company offers solutions for direct mail transactional mail customer engagement management and analytics and e-commerce parcel management along with digital channel messaging for the Web e-mail and mobile applications. The Company’s business is organized around three sets of solutions: small and medium business (SMB) Solutions enterprise business solutions and digital commerce solutions (DCS). Its Enterprise Business Solutions includes equipment and services to process inbound and outbound mail. Its SMB Solutions provides a range of mailing equipment and postage meters maintenance and support services and supplies. Its DCS provides a range of software solutions customer engagement and communication solutions data management products and solutions e-commerce parcel management solutions and targeted direct marketing programs. Its subsidiaries include The Pitney Bowes Bank (the Bank) and Borderfree Inc.

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