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

Jackson Creek Investment Advisors LLC bought a new position in Pitney Bowes Inc. (NYSE:PBI - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 148,257 shares of the technology company's stock, valued at approximately $1,342,000. Jackson Creek Investment Advisors LLC owned about 0.08% of Pitney Bowes as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the stock. Meeder Asset Management Inc. purchased a new position in Pitney Bowes during the fourth quarter worth approximately $31,000. KBC Group NV purchased a new position in Pitney Bowes during the first quarter worth approximately $65,000. PFG Investments LLC boosted its position in Pitney Bowes by 14.6% during the first quarter. PFG Investments LLC now owns 12,884 shares of the technology company's stock worth $117,000 after purchasing an additional 1,644 shares in the last quarter. Wealth Enhancement Advisory Services LLC purchased a new position in Pitney Bowes during the first quarter worth approximately $124,000. Finally, Xponance Inc. increased its holdings in Pitney Bowes by 36.7% in the 4th quarter. Xponance Inc. now owns 14,283 shares of the technology company's stock worth $103,000 after acquiring an additional 3,837 shares in the last quarter. Hedge funds and other institutional investors own 67.88% of the company's stock.

Insider Buying and Selling at Pitney Bowes

In related news, EVP Deborah Pfeiffer sold 35,000 shares of the 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 completion of the sale, the executive vice president owned 115,405 shares of the company's stock, valued at approximately $1,401,016.70. This trade represents a 23.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 9.00% of the stock is currently owned by company insiders.

Pitney Bowes Stock Up 2.8%

Shares of NYSE PBI traded up $0.34 during midday trading on Monday, hitting $12.37. The stock had a trading volume of 977,253 shares, compared to its average volume of 2,168,415. The company has a market capitalization of $2.26 billion, a PE ratio of -13.58, a P/E/G ratio of 0.64 and a beta of 1.60. The stock has a 50 day simple moving average of $10.51 and a 200-day simple moving average of $9.43. Pitney Bowes Inc. has a 1 year low of $5.58 and a 1 year high of $12.55.

Pitney Bowes (NYSE:PBI - Get Free Report) last released its earnings results on Wednesday, May 7th. The technology company reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.05. The business had revenue of $493.42 million for the quarter, compared to the consensus estimate of $498.99 million. Pitney Bowes had a negative return on equity of 31.61% and a negative net margin of 7.18%. The business's quarterly revenue was down 5.3% compared to the same quarter last year. During the same quarter last year, the business posted ($0.01) earnings per share. As a group, analysts expect that Pitney Bowes Inc. will post 1.21 earnings per share for the current fiscal year.

Pitney Bowes Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Monday, May 19th were given a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 2.26%. The ex-dividend date of this dividend was Monday, May 19th. This is an increase from Pitney Bowes's previous quarterly dividend of $0.06. Pitney Bowes's dividend payout ratio (DPR) is -30.77%.

Analyst Ratings Changes

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

Pitney Bowes 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.