Pitney Bowes Inc. Can’t Burn Your Long Portfolio. Option Traders are Bullish

 Pitney Bowes Inc. Can't Burn Your Long Portfolio. Option Traders are Bullish

In today’s session Pitney Bowes Inc. (PBI) registered an unusually high (1,963) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious PBI increase. With 1,963 contracts traded and 2424 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: PBI161118C00019000 closed last at: $0.35 or 40% up. About 5.85 million shares traded hands or 427.03% up from the average. Pitney Bowes Inc. (NYSE:PBI) has declined 15.93% since March 30, 2016 and is downtrending. It has underperformed by 18.94% the S&P500.

Analysts await Pitney Bowes Inc. (NYSE:PBI) to report earnings on November, 3. They expect $0.47 EPS, up 9.30% or $0.04 from last year’s $0.43 per share. PBI’s profit will be $86.03M for 7.85 P/E if the $0.47 EPS becomes a reality. After $0.39 actual EPS reported by Pitney Bowes Inc. for the previous quarter, Wall Street now forecasts 20.51% EPS growth.

Pitney Bowes Inc. (NYSE:PBI) Ratings Coverage

Out of 2 analysts covering Pitney Bowes (NYSE:PBI), 1 rate it a “Buy”, 1 “Sell”, while 0 “Hold”. This means 50% are positive. Pitney Bowes has been the topic of 3 analyst reports since September 1, 2015 according to StockzIntelligence Inc. The rating was downgraded by Zacks on Monday, September 7 to “Sell”. The firm earned “Buy” rating on Thursday, September 17 by Brean Capital. The company was upgraded on Tuesday, September 1 by Zacks.

According to Zacks Investment Research, “Pitney Bowes, Inc. operates in three reportable segments: Mailing and Integrated Logistics, Office Solutions and Capital Services. The company operates in the United States and outside the U.S. Mailing and Integrated Logistics includes revenues from the rental of postage meters and the sale and financing of mailing equipment. Office Solutions includes revenues from the sale, financing, rental and service of reprographic and facsimile equipment. Capital Services provides large-ticket financing and fee-based programs covering a broad range of products and other financial services.”

Insitutional Activity: The institutional sentiment increased to 1.04 in 2016 Q2. Its up 0.33, from 0.71 in 2016Q1. The ratio increased, as 35 funds sold all Pitney Bowes Inc. shares owned while 105 reduced positions. 48 funds bought stakes while 97 increased positions. They now own 149.82 million shares or 3.97% less from 156.00 million shares in 2016Q1.
Jefferies Grp Ltd Company accumulated 0% or 34,461 shares. Moreover, Deere And Communication has 0.05% invested in Pitney Bowes Inc. (NYSE:PBI) for 54,468 shares. Tocqueville Asset Management Ltd Partnership holds 0.31% or 1.36M shares in its portfolio. The Pennsylvania-based Commonwealth Of Pennsylvania School Empls Retrmt System has invested 0% in Pitney Bowes Inc. (NYSE:PBI). Checchi Advisers Limited Liability owns 2,802 shares or 0.01% of their US portfolio. Commercial Bank Of Montreal Can has 73,975 shares for 0% of their US portfolio. Teacher Retirement Of Texas last reported 0% of its portfolio in the stock. Tower Research Cap Ltd (Trc) holds 0.01% of its portfolio in Pitney Bowes Inc. (NYSE:PBI) for 5,147 shares. Morgan Stanley accumulated 1.08M shares or 0.01% of the stock. The Connecticut-based Massmutual Trust Fsb Adv has invested 0% in Pitney Bowes Inc. (NYSE:PBI). Quantitative Investment Lc last reported 0.05% of its portfolio in the stock. Moreover, Aberdeen Asset Mngmt Public Ltd Uk has 0% invested in Pitney Bowes Inc. (NYSE:PBI) for 36,674 shares. First Advisors Limited Partnership, a Illinois-based fund reported 329,923 shares. Canada Pension Plan Board holds 0.07% of its portfolio in Pitney Bowes Inc. (NYSE:PBI) for 950,510 shares. Vanguard Grp Inc last reported 0.02% of its portfolio in the stock.

Pitney Bowes Inc. is a global technology company. The company has a market cap of $2.70 billion. The Firm offers customer information management, location intelligence, and customer engagement products and solutions to help clients market to their customers, and shipping and mailing, and cross border e-commerce products and solutions that enable the sending of parcels and packages across the globe. It has a 10.22 P/E ratio. The Company’s business is organized around three sets of solutions, which include small and medium business Solutions, enterprise business solutions and digital commerce solutions (DCS).

PBI Company Profile

Pitney Bowes Inc., incorporated on April 23, 1920, is a global technology company. The Firm offers customer information management, location intelligence, and customer engagement products and solutions to help clients market to their customers, and shipping and mailing, and cross border e-commerce products and solutions that enable the sending of parcels and packages across the globe. The Company’s business is organized around three sets of solutions, which include small and medium business (SMB) Solutions, enterprise business solutions and digital commerce solutions (DCS). The Company’s DCS business includes Software Solutions and Global Ecommerce divisions. The Company’s Others segment consists of Imagitas. The Firm markets services and products through sales force, direct mailings, telemarketing, independent dealers and distributors and Web channels. It sells products to business, governmental, institutional and other organizations. The Firm conducts research and development, manufacturing and assembly, product management, information technology (IT) and other activities at the global technology center located in Danbury, Connecticut.

More notable recent Pitney Bowes Inc. (NYSE:PBI) news were published by: Reuters.com which released: “BRIEF-Pitney Bowes Q3 adjusted earnings $0.44/shr” on November 01, 2016, also Wsj.com with their article: “Pitney Bowes Buys Cloud-Based Supply Chain Provider Enroute Systems” published on January 13, 2016, Fool.com published: “Why Pitney Bowes Inc. Shares Plunged Today” on February 02, 2016. More interesting news about Pitney Bowes Inc. (NYSE:PBI) were released by: Fool.com and their article: “Pitney Bowes Inc. and RetailMeNot Inc. Dive As Stocks Fall” published on May 03, 2016 as well as Wsj.com‘s news article titled: “Pitney Bowes Gauges New Path Away From Mass Mailings” with publication date: March 24, 2016.

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