Time New York: Sun 22 Apr 21:41 pm  |  Save 15% on H&R Block Online


Pitney Bowes-Scalable Systems Tie Up to Aid Healthcare Payers


Premium technology company, Pitney Bowes Inc. PBI has joined forces with data, analytics and global digital transformation firm, Scalable Systems, to help healthcare payers improve their insurance obligations. The firms will combine real-time data, predictive analytics and big data insights to aid insurance companies in gaining deeper insights about clients.

In the past two months, Pitney Bowes announced tie-ups with multiple companies to aid their digital transformation. For instance, it entered into a partnership with Rapt Media Partner to expedite “Time to Value” for Interactive Video Experiences. Similarly, it joined hands with TRACK to license technologies for the latter’s customer engagement services. The recent deal with Scalable Systems will cater to the pressing needs of the insurance companies scouting for ways to slash costs and improve member satisfaction.

Scalable Systems’ proprietary offering — IntelliPayer solution — will be integrated with Pitney Bowes’ Enterprise Location Intelligence platform, Spectrum Spatial and demographic & geospatial data sets to simplify healthcare payments. Furthermore, Scalable Systems will deploy Pitney Bowes’ APIs to connect to several modules in the Spectrum Platform, including Universal Addressing, Enterprise Geocoding and Location Intelligence.

Pitney Bowes Continues to Slump

Despite strategic partnerships and other concerted efforts to boost its Software business, Pitney Bowes has been unable to generate a tangible positive impact. Meanwhile, the stock has had a disastrous run on the bourse, losing 13.6% year to date, in stark contrast to the Zacks categorized Office Automation & Equipment industry’s average gain of 8.5%.

Pitney Bowes has been facing formidable execution issues over the past few quarters. Also, a number of botched up deals in the software business and currency fluctuations have hurt growth. In addition, any near-term turnaround is unlikely due to deteriorating market conditions, rising operating expenses and major shareholders exiting the stock. An accelerated decline in physical mail volumes is also expected to hamper the Zacks Rank #3 (Hold) company’s mailing business.

Please note that brokers are on the sidelines for the stock as its earnings estimates remains unchanged over the month. The Zacks Consensus Estimate for 2017 remains steady at $1.76 over the same time frame.

Stocks to Consider

Some better-ranked stocks worth considering in the industry are listed below:

Applied Optoelectronics, Inc. AAOI has a whopping average earnings surprise of 116.5% for the trailing four quarters, with three back to back beats. It boasts a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

With three beats in the trailing four quarters, Apple Inc. AAPL has a positive average earnings surprise of 0.9%. It currently carries a Zacks Rank #2 (Buy).

Adobe Systems Incorporated ADBE has an average earnings surprise of 7.7% in the past quarters, beating estimates all through. It also holds a Zacks Rank #2.

Will You Make a Fortune on the Shift to Electric Cars?

Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.

With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.

It's not the one you think.

See This Ticker Free >>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

To read this article on Zacks.com click here.

Zacks Investment Research
<-- You can share this post with your network,
or give us your opinion and leave a comment.
Be sure to check our RSS feeds for updates.