Pitney Bowes Inc. (PBI) Shares Sold by Cipher Capital LP

Cipher Capital LP decreased its position in Pitney Bowes Inc. (NYSE:PBI) by 24.2% during the fourth quarter, Holdings Channel reports. The firm owned 179,194 shares of the company’s stock after selling 57,222 shares during the period. Cipher Capital LP’s holdings in Pitney Bowes were worth $2,722,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Schwab Charles Investment Management Inc. raised its position in shares of Pitney Bowes by 3.3% in the second quarter. Schwab Charles Investment Management Inc. now owns 964,679 shares of the company’s stock worth $17,172,000 after buying an additional 30,825 shares during the last quarter. Stifel Financial Corp raised its position in shares of Pitney Bowes by 46.5% in the second quarter. Stifel Financial Corp now owns 14,643 shares of the company’s stock worth $261,000 after buying an additional 4,647 shares during the last quarter. Amalgamated Bank raised its position in shares of Pitney Bowes by 33.6% in the second quarter. Amalgamated Bank now owns 33,267 shares of the company’s stock worth $614,000 after buying an additional 8,371 shares during the last quarter. Legal & General Group Plc raised its position in shares of Pitney Bowes by 15.9% in the second quarter. Legal & General Group Plc now owns 219,278 shares of the company’s stock worth $3,899,000 after buying an additional 30,162 shares during the last quarter. Finally, Metropolitan Life Insurance Co. NY raised its position in shares of Pitney Bowes by 2.1% in the second quarter. Metropolitan Life Insurance Co. NY now owns 106,953 shares of the company’s stock worth $1,904,000 after buying an additional 2,191 shares during the last quarter. 73.69% of the stock is currently owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for Pitney Bowes (NYSE:PBI)

Shares of Pitney Bowes Inc. (NYSE:PBI) traded up 0.30% during midday trading on Tuesday, hitting $13.25. 655,618 shares of the stock were exchanged. The firm has a 50-day moving average of $15.15 and a 200-day moving average of $16.53. Pitney Bowes Inc. has a 1-year low of $12.41 and a 1-year high of $21.81. The company has a market capitalization of $2.46 billion, a P/E ratio of 26.19 and a beta of 1.36.

Pitney Bowes (NYSE:PBI) last released its quarterly earnings data on Wednesday, February 1st. The company reported $0.53 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.57 by $0.04. Pitney Bowes had a return on equity of 575.70% and a net margin of 3.20%. The business earned $887.10 million during the quarter, compared to analysts’ expectations of $920.70 million. During the same period last year, the company earned $0.48 earnings per share. The firm’s revenue was down 5.3% compared to the same quarter last year. On average, equities analysts expect that Pitney Bowes Inc. will post $1.76 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 13th. Investors of record on Friday, February 17th will be paid a $0.1875 dividend. This represents a $0.75 dividend on an annualized basis and a yield of 5.68%. The ex-dividend date is Wednesday, February 15th. Pitney Bowes’s dividend payout ratio (DPR) is presently 153.06%.

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PBI has been the topic of a number of research analyst reports. Zacks Investment Research raised shares of Pitney Bowes from a “sell” rating to a “hold” rating in a report on Tuesday, December 6th. Brean Capital reissued a “buy” rating and issued a $20.00 price target (down previously from $24.00) on shares of Pitney Bowes in a report on Wednesday, November 2nd. Finally, TheStreet lowered shares of Pitney Bowes from a “buy” rating to a “hold” rating in a report on Tuesday, November 1st.

In other Pitney Bowes news, EVP Robert Guidotti acquired 3,405 shares of the stock in a transaction that occurred on Friday, November 18th. The stock was bought at an average cost of $14.70 per share, with a total value of $50,053.50. Following the completion of the purchase, the executive vice president now directly owns 3,405 shares in the company, valued at $50,053.50. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.43% of the stock is owned by corporate insiders.

About Pitney Bowes

Pitney Bowes Inc is a global technology company. The Company offers customer information management, location intelligence, and customer engagement products and solutions to help clients market to their customers, and shipping and mailing, and cross border e-commerce products and solutions that enable the sending of parcels and packages across the globe.

5 Day Chart for NYSE:PBI

Want to see what other hedge funds are holding PBI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Pitney Bowes Inc. (NYSE:PBI).

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