Universal Beteiligungs und Servicegesellschaft mbH Makes New $98,000 Investment in Pitney Bowes Inc. (NYSE:PBI)

Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Pitney Bowes Inc. (NYSE:PBI) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 10,809 shares of the technology company’s stock, valued at approximately $98,000.

Several other institutional investors have also modified their holdings of the business. KBC Group NV acquired a new stake in Pitney Bowes during the first quarter valued at approximately $65,000. PharVision Advisers LLC bought a new position in shares of Pitney Bowes during the fourth quarter valued at approximately $107,000. PFG Investments LLC grew its holdings in Pitney Bowes by 14.6% in 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 in the last quarter. Wealth Enhancement Advisory Services LLC bought a new position in Pitney Bowes in the 1st quarter worth approximately $124,000. Finally, Grantham Mayo Van Otterloo & Co. LLC bought a new position in Pitney Bowes in the 4th quarter worth approximately $130,000. Institutional investors and hedge funds own 67.88% of the company’s stock.

Pitney Bowes Price Performance

NYSE PBI opened at $11.22 on Wednesday. Pitney Bowes Inc. has a fifty-two week low of $5.58 and a fifty-two week high of $13.11. The stock’s 50-day moving average is $11.06 and its two-hundred day moving average is $9.81. The firm has a market cap of $1.93 billion, a P/E ratio of -18.70, a price-to-earnings-growth ratio of 0.60 and a beta of 1.54.

Pitney Bowes (NYSE:PBI) last posted its quarterly earnings data on Wednesday, July 30th. The technology company reported $0.27 EPS for the quarter, hitting analysts’ consensus estimates of $0.27. The business had revenue of $461.91 million for the quarter, compared to analyst estimates of $475.92 million. Pitney Bowes had a negative return on equity of 38.01% and a negative net margin of 5.60%. The firm’s revenue for the quarter was down 5.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.03 earnings per share. On average, equities analysts expect 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, September 8th. Shareholders of record on Monday, August 11th will be issued a dividend of $0.08 per share. The ex-dividend date of this dividend is Monday, August 11th. This is a positive change from Pitney Bowes’s previous quarterly dividend of $0.07. This represents a $0.32 dividend on an annualized basis and a yield of 2.9%. Pitney Bowes’s dividend payout ratio (DPR) is presently -46.67%.

Pitney Bowes declared that its board has authorized a share buyback plan on Wednesday, July 30th that authorizes the company to repurchase $400.00 million in outstanding shares. This repurchase authorization authorizes the technology company to reacquire up to 18.9% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.

Analyst Ratings Changes

Several equities analysts have recently issued reports on PBI shares. Sidoti upgraded Pitney Bowes to a “hold” rating in a research report on Monday, May 5th. Wall Street Zen lowered Pitney Bowes from a “strong-buy” rating to a “buy” rating in a research note on Thursday, May 15th.

Insiders Place Their Bets

In other news, EVP Deborah Pfeiffer sold 35,000 shares of the business’s stock in a transaction that occurred 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 transaction, the executive vice president directly owned 115,405 shares of the company’s stock, valued at $1,401,016.70. The trade was a 23.27% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 9.00% of the company’s stock.

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.