Pitney Bowes Inc. (NYSE:PBI) Holdings Lifted by LPL Financial LLC

LPL Financial LLC increased its holdings in Pitney Bowes Inc. (NYSE:PBI) by 17.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 233,597 shares of the technology company’s stock after acquiring an additional 34,717 shares during the period. LPL Financial LLC owned about 0.13% of Pitney Bowes worth $1,691,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Smartleaf Asset Management LLC lifted its position in shares of Pitney Bowes by 130.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 5,078 shares of the technology company’s stock worth $37,000 after purchasing an additional 2,873 shares in the last quarter. Xponance Inc. increased its position in Pitney Bowes by 36.7% in the 4th quarter. Xponance Inc. now owns 14,283 shares of the technology company’s stock worth $103,000 after purchasing an additional 3,837 shares during the last quarter. Cibc World Markets Corp purchased a new stake in shares of Pitney Bowes during the 4th quarter worth about $110,000. Envestnet Portfolio Solutions Inc. lifted its holdings in shares of Pitney Bowes by 11.6% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 18,000 shares of the technology company’s stock valued at $130,000 after buying an additional 1,878 shares during the last quarter. Finally, James J. Burns & Company LLC grew 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 valued at $135,000 after buying an additional 1,637 shares in the last quarter. 67.88% of the stock is currently owned by institutional investors and hedge funds.

Pitney Bowes Trading Down 1.1 %

PBI stock opened at $8.11 on Thursday. The firm has a market cap of $1.48 billion, a PE ratio of -7.24, a PEG ratio of 0.59 and a beta of 1.89. Pitney Bowes Inc. has a 1 year low of $3.92 and a 1 year high of $11.01. The company has a fifty day simple moving average of $9.40 and a 200 day simple moving average of $8.20.

Pitney Bowes (NYSE:PBI) last announced its quarterly earnings results on Tuesday, February 11th. The technology company reported $0.32 earnings per share for the quarter, topping 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%. As a group, analysts forecast that Pitney Bowes Inc. will post 1.21 EPS for the current fiscal year.

Pitney Bowes Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Friday, February 21st were paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 2.96%. This is a boost from Pitney Bowes’s previous quarterly dividend of $0.05. The ex-dividend date was Friday, February 21st. Pitney Bowes’s payout ratio is presently -21.43%.

Insider Buying and Selling

In other news, EVP Deborah Pfeiffer sold 35,000 shares of the 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 completion of the sale, the executive vice president now directly owns 124,124 shares of the company’s stock, valued at approximately $1,119,598.48. This represents a 22.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Kurt James Wolf sold 1,250,000 shares of the business’s stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $9.66, for a total transaction of $12,075,000.00. Following the transaction, the director now directly owns 622,250 shares in the company, valued at $6,010,935. This trade represents a 66.76 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 1,974,484 shares of company stock valued at $19,815,631. Company insiders own 9.00% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of Pitney Bowes from a “strong-buy” rating to a “buy” rating in a research report on Monday, March 31st.

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.