Pitney Bowes Inc. (NYSE:PBI) Shares Purchased by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC boosted its position in Pitney Bowes Inc. (NYSE:PBI) by 9.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 214,181 shares of the technology company’s stock after buying an additional 18,583 shares during the period. Los Angeles Capital Management LLC owned approximately 0.12% of Pitney Bowes worth $1,551,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. James J. Burns & Company LLC lifted its stake in shares of Pitney Bowes by 9.7% in the 4th quarter. James J. Burns & Company LLC now owns 18,587 shares of the technology company’s stock worth $135,000 after acquiring an additional 1,637 shares during the period. First Citizens Bank & Trust Co. lifted its position in Pitney Bowes by 10.8% in the fourth quarter. First Citizens Bank & Trust Co. now owns 20,677 shares of the technology company’s stock valued at $150,000 after purchasing an additional 2,020 shares during the period. Westside Investment Management Inc. lifted its position in Pitney Bowes by 0.5% in the fourth quarter. Westside Investment Management Inc. now owns 625,939 shares of the technology company’s stock valued at $4,532,000 after purchasing an additional 3,100 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Pitney Bowes by 10.8% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 48,663 shares of the technology company’s stock valued at $347,000 after purchasing an additional 4,728 shares in the last quarter. Finally, Quarry LP increased its position in Pitney Bowes by 889.2% during the 3rd quarter. Quarry LP now owns 8,319 shares of the technology company’s stock worth $59,000 after purchasing an additional 7,478 shares during the period. 67.88% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, EVP Deborah Pfeiffer sold 35,000 shares of the company’s stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $9.02, for a total value of $315,700.00. Following the sale, the executive vice president now owns 124,124 shares in the company, valued at $1,119,598.48. This represents a 22.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Kurt James Wolf sold 78,285 shares of Pitney Bowes stock in a transaction on Friday, February 14th. The stock was sold at an average price of $10.66, for a total value of $834,518.10. Following the transaction, the director now directly owns 606,289 shares of the company’s stock, valued at approximately $6,463,040.74. This represents a 11.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,493,285 shares of company stock worth $14,633,118. 14.30% of the stock is owned by company insiders.

Pitney Bowes Price Performance

PBI opened at $10.82 on Friday. Pitney Bowes Inc. has a 12 month low of $3.90 and a 12 month high of $11.01. The stock has a market capitalization of $1.98 billion, a P/E ratio of -9.66, a P/E/G ratio of 0.59 and a beta of 2.01. The business has a 50 day simple moving average of $8.47 and a 200-day simple moving average of $7.70.

Pitney Bowes (NYSE:PBI) last released its earnings results on Tuesday, February 11th. The technology company reported $0.32 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.16. Pitney Bowes had a negative return on equity of 20.95% and a negative net margin of 7.71%. Research analysts anticipate that Pitney Bowes Inc. will post 1.21 EPS for the current year.

Pitney Bowes Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Friday, February 21st will be issued a dividend of $0.06 per share. The ex-dividend date is Friday, February 21st. This represents a $0.24 dividend on an annualized basis and a yield of 2.22%. This is an increase from Pitney Bowes’s previous quarterly dividend of $0.05. Pitney Bowes’s payout ratio is currently -21.43%.

Pitney Bowes Company Profile

Pitney Bowes Inc, a shipping and mailing company, provides technology, logistics, and financial services to small and medium-sized businesses, large enterprises, retailers, and government clients in the United States and internationally. It operates through Global Ecommerce, Presort Services, and SendTech Solutions segments.