Cwm LLC Buys 19,700 Shares of Pitney Bowes Inc. (NYSE:PBI)

Cwm LLC lifted its stake in Pitney Bowes Inc. (NYSE:PBI) by 338.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 25,514 shares of the technology company’s stock after acquiring an additional 19,700 shares during the period. Cwm LLC’s holdings in Pitney Bowes were worth $231,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in PBI. Raymond James Financial Inc. bought a new position in shares of Pitney Bowes in the 4th quarter worth $1,068,000. American Assets Inc. grew its stake in Pitney Bowes by 80.6% during the 4th quarter. American Assets Inc. now owns 130,000 shares of the technology company’s stock worth $941,000 after buying an additional 58,000 shares during the last quarter. Envestnet Portfolio Solutions Inc. grew its stake in Pitney Bowes by 11.6% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 18,000 shares of the technology company’s stock worth $130,000 after buying an additional 1,878 shares during the last quarter. Xponance Inc. grew its stake in Pitney Bowes by 36.7% during the 4th quarter. Xponance Inc. now owns 14,283 shares of the technology company’s stock worth $103,000 after buying an additional 3,837 shares during the last quarter. Finally, Teacher Retirement System of Texas grew its stake in Pitney Bowes by 15.9% during the 4th quarter. Teacher Retirement System of Texas now owns 204,196 shares of the technology company’s stock worth $1,478,000 after buying an additional 27,945 shares during the last quarter. 67.88% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have weighed in on PBI shares. 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.

Insiders Place Their Bets

In related news, EVP Deborah Pfeiffer sold 35,000 shares of the company’s stock in a transaction dated 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 transaction, the executive vice president owned 115,405 shares of the company’s stock, valued at approximately $1,401,016.70. This represents a 23.27% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 9.00% of the company’s stock.

Pitney Bowes Stock Up 1.4%

Shares of PBI stock opened at $12.29 on Friday. The stock has a market cap of $2.25 billion, a PE ratio of -13.50, a price-to-earnings-growth ratio of 0.65 and a beta of 1.60. The business has a 50-day simple moving average of $10.81 and a 200-day simple moving average of $9.60. Pitney Bowes Inc. has a 52-week low of $5.58 and a 52-week high of $13.11.

Pitney Bowes (NYSE:PBI) last issued its quarterly earnings data on Wednesday, May 7th. The technology company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.05. The business had revenue of $493.42 million during the quarter, compared to analysts’ expectations of $498.99 million. Pitney Bowes had a negative return on equity of 31.61% and a negative net margin of 7.18%. The company’s revenue for the quarter was down 5.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.01) EPS. Sell-side analysts anticipate 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. Investors of record on Monday, May 19th were issued a $0.07 dividend. This is a boost from Pitney Bowes’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend was Monday, May 19th. This represents a $0.28 dividend on an annualized basis and a yield of 2.28%. Pitney Bowes’s dividend payout ratio is presently -30.77%.

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.