Jackson Creek Investment Advisors LLC Takes $1.34 Million Position in Pitney Bowes Inc. (NYSE:PBI)

Jackson Creek Investment Advisors LLC acquired a new stake in Pitney Bowes Inc. (NYSE:PBI - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 148,257 shares of the technology company's stock, valued at approximately $1,342,000. Jackson Creek Investment Advisors LLC owned 0.08% of Pitney Bowes at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Meeder Asset Management Inc. bought a new stake in Pitney Bowes during the 4th quarter worth approximately $31,000. KBC Group NV bought a new stake in Pitney Bowes during the 1st quarter worth approximately $65,000. Xponance Inc. increased its holdings 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 purchasing an additional 3,837 shares in the last quarter. PharVision Advisers LLC bought a new stake in Pitney Bowes during the 4th quarter worth approximately $107,000. Finally, Cibc World Markets Corp bought a new stake in Pitney Bowes during the 4th quarter worth approximately $110,000. 67.88% of the stock is owned by institutional investors and hedge funds.

Pitney Bowes Stock Up 0.3%

Shares of PBI stock traded up $0.04 on Friday, reaching $11.81. The company's stock had a trading volume of 307,797 shares, compared to its average volume of 2,374,119. The company has a market capitalization of $2.16 billion, a P/E ratio of -12.98, a PEG ratio of 0.62 and a beta of 1.60. Pitney Bowes Inc. has a 12-month low of $5.58 and a 12-month high of $12.55. The stock's 50 day simple moving average is $10.46 and its 200-day simple moving average is $9.37.

Pitney Bowes (NYSE:PBI - Get Free Report) last posted 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 company had revenue of $493.42 million during the quarter, compared to analyst estimates of $498.99 million. Pitney Bowes had a negative return on equity of 31.61% and a negative net margin of 7.18%. The firm's quarterly revenue was down 5.3% on a year-over-year basis. During the same quarter last year, the company earned ($0.01) earnings per share. Research analysts expect that Pitney Bowes Inc. will post 1.21 EPS for the current year.

Pitney Bowes Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Monday, May 19th were given a dividend of $0.07 per share. This is an increase 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 2.37%. Pitney Bowes's dividend payout ratio (DPR) is presently -30.77%.

Analyst Ratings Changes

Several brokerages have weighed in on PBI. Sidoti raised Pitney Bowes to a "hold" rating in a report on Monday, May 5th. Wall Street Zen lowered Pitney Bowes from a "strong-buy" rating to a "buy" rating in a report on Thursday, May 15th.

Insiders Place Their Bets

In other news, EVP Deborah Pfeiffer sold 35,000 shares of Pitney Bowes 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 transaction, the executive vice president owned 115,405 shares in the company, valued at approximately $1,401,016.70. The trade was a 23.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 9.00% of the stock is owned by insiders.

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.

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