Business Equipment: Pitney Bowes Inc. (NYSE:PBI), VeriFone Systems Inc (NYSE:PAY), Steelcase Inc. (NYSE:SCS), HNI Corp (NYSE:HNI)

Pitney Bowes Inc. (NYSE:PBI) introduced Spectrum Spatial, a platform that applies technology from the company’s MapInfo unit to deliver location-based customer intelligence across a wide range of pursuits for both B2B and B2C companies. Pitney Bowes Inc. (NYSE:PBI) net profit margin is % and weekly performance is %. On last trading day company shares ended up $26.19. Analysts mean target price for the company is $29.00. Pitney Bowes Inc. (NYSE:PBI) distance from 50-day simple moving average (SMA50) is 1.92%.

US-based electronic payment services provider VeriFone Systems Inc (NYSE:PAY) has added former Sun Microsystems CEO Jonathan Schwartz to its board of directors. VeriFone has also announced that Leslie Denend, a board member and current board chairman, and board member Jeff Stiefler, will not stand for re-election. VeriFone Systems Inc (NYSE:PAY) shares fell -1.58% in last trading session and ended the day on $31.75. PAY Gross Margin is 37.60% and its return on assets is -10.30%. VeriFone Systems Inc (NYSE:PAY) quarterly performance is 10.82%.

Steelcase Inc. (NYSE:SCS) will close a longtime North Carolina plant within two years, and as a result some of that work could end up at its Grand Rapids wood plant, the company announced. Steelcase Inc. (NYSE:SCS) shares moved down -0.80% in last trading session and was closed at $16.21, while trading in range of $16.18 – $16.67. Steelcase Inc. (NYSE:SCS) year to date (YTD) performance is 2.86%.

HNI Corp (NYSE:HNI) announced a quarterly dividend. Investors of record on Friday, May 16th will be paid a dividend of 0.25 per share on Friday, May 30th. This represents a $1.00 annualized dividend and a dividend yield of 2.85%. A number of analysts have recently weighed in on HNI shares. Analysts at Zacks upgraded shares of HNI Corp from a “neutral” rating to an “outperform” rating in a research note. HNI Corp (NYSE:HNI) ended the last trading day at $35.63. Company weekly volatility is calculated as 3.08% and price to cash ratio as 30.32. HNI Corp (NYSE:HNI) showed a positive weekly performance of 2.65%.

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