Pitney Bowes Inc. (NYSE:PBI) Holdings Raised by Xponance Inc.

Xponance Inc. grew its position in Pitney Bowes Inc. (NYSE:PBI) by 186.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 40,929 shares of the technology company’s stock after acquiring an additional 26,646 shares during the quarter. Xponance Inc.’s holdings in Pitney Bowes were worth $370,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in the company. Meeder Asset Management Inc. bought a new position in Pitney Bowes during the 4th quarter worth $31,000. KBC Group NV bought a new position in Pitney Bowes during the 1st quarter worth $65,000. PharVision Advisers LLC bought a new position in Pitney Bowes during the 4th quarter worth $107,000. Cibc World Markets Corp bought a new position in Pitney Bowes during the 4th quarter worth $110,000. Finally, PFG Investments LLC grew its stake in Pitney Bowes by 14.6% during the 1st quarter. PFG Investments LLC now owns 12,884 shares of the technology company’s stock worth $117,000 after buying an additional 1,644 shares during the last quarter. 67.88% of the stock is currently owned by institutional investors.

Pitney Bowes Stock Performance

Shares of PBI stock opened at $12.01 on Friday. Pitney Bowes Inc. has a 1 year low of $5.58 and a 1 year high of $12.55. The stock has a fifty day moving average of $10.51 and a two-hundred day moving average of $9.40. The firm has a market capitalization of $2.20 billion, a PE ratio of -13.20, a price-to-earnings-growth ratio of 0.63 and a beta of 1.60.

Pitney Bowes (NYSE:PBI) last announced its quarterly earnings results on Wednesday, May 7th. The technology company reported $0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.05. Pitney Bowes had a negative return on equity of 31.61% and a negative net margin of 7.18%. The company had revenue of $493.42 million during the quarter, compared to analyst estimates of $498.99 million. During the same quarter in the previous year, the firm posted ($0.01) EPS. The firm’s quarterly revenue was down 5.3% on a year-over-year basis. Equities research analysts predict that Pitney Bowes Inc. will post 1.21 earnings per share for the current fiscal year.

Pitney Bowes Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Monday, May 19th were given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 2.33%. The ex-dividend date of this dividend was Monday, May 19th. This is a positive change from Pitney Bowes’s previous quarterly dividend of $0.06. Pitney Bowes’s payout ratio is -30.77%.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Wall Street Zen downgraded Pitney Bowes from a “strong-buy” rating to a “buy” rating in a research note on Thursday, May 15th. Sidoti upgraded Pitney Bowes to a “hold” rating in a research note on Monday, May 5th.

Insider Buying and Selling at Pitney Bowes

In other news, EVP Deborah Pfeiffer sold 35,000 shares of the company’s stock in a transaction on Monday, July 14th. The stock was sold at an average price of $12.14, for a total value of $424,900.00. Following the completion of the sale, the executive vice president owned 115,405 shares in the company, valued at $1,401,016.70. This represents a 23.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 9.00% of the stock is currently owned by company insiders.

Pitney Bowes 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.