WINTON GROUP Ltd Buys 10,576 Shares of Pitney Bowes Inc. (NYSE:PBI)

WINTON GROUP Ltd raised its position in Pitney Bowes Inc. (NYSE:PBI) by 16.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 74,044 shares of the technology company’s stock after buying an additional 10,576 shares during the period. WINTON GROUP Ltd’s holdings in Pitney Bowes were worth $536,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Smartleaf Asset Management LLC increased its position in 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 during the period. Quarry LP grew its position in shares of Pitney Bowes by 889.2% during the 3rd quarter. Quarry LP now owns 8,319 shares of the technology company’s stock worth $59,000 after buying an additional 7,478 shares during the period. Xponance Inc. grew its position in shares of 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 period. Cibc World Markets Corp bought a new stake in shares of Pitney Bowes during the fourth quarter worth approximately $110,000. Finally, Point72 Asia Singapore Pte. Ltd. lifted its holdings in Pitney Bowes by 101.3% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 16,340 shares of the technology company’s stock valued at $117,000 after buying an additional 8,221 shares during the period. 67.88% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Pitney Bowes from a “buy” rating to a “strong-buy” rating in a report on Monday, March 3rd.

Pitney Bowes Trading Down 2.4 %

NYSE PBI opened at $9.31 on Monday. Pitney Bowes Inc. has a 12 month low of $3.90 and a 12 month high of $11.01. The stock has a 50-day simple moving average of $9.45 and a 200 day simple moving average of $8.09. The company has a market capitalization of $1.70 billion, a PE ratio of -8.31, a P/E/G ratio of 0.59 and a beta of 2.02.

Pitney Bowes (NYSE:PBI) last announced its quarterly earnings results on Tuesday, February 11th. The technology company reported $0.32 EPS for the quarter, beating 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, sell-side analysts predict that Pitney Bowes Inc. will post 1.21 earnings per share for the current fiscal year.

Pitney Bowes Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Friday, February 21st were given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 2.58%. 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 dividend payout ratio (DPR) is currently -21.43%.

Insider Activity

In other news, EVP Deborah Pfeiffer sold 35,000 shares of Pitney Bowes stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $9.02, for a total transaction of $315,700.00. Following the transaction, the executive vice president now owns 124,124 shares in the company, valued at $1,119,598.48. The trade was a 22.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP James Arthur Fairweather sold 130,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $10.83, for a total value of $1,407,900.00. Following the completion of the transaction, the executive vice president now owns 176,145 shares of the company’s stock, valued at $1,907,650.35. This represents a 42.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,974,484 shares of company stock valued at $19,815,631 in the last quarter. Company insiders own 14.30% of the company’s stock.

About Pitney Bowes

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.