GAMMA Investing LLC Has $278,000 Stock Position in Pitney Bowes Inc. (NYSE:PBI)

GAMMA Investing LLC raised its position in Pitney Bowes Inc. (NYSE:PBI - Free Report) by 1,030.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 30,716 shares of the technology company's stock after purchasing an additional 27,999 shares during the quarter. GAMMA Investing LLC's holdings in Pitney Bowes were worth $278,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the company. Meeder Asset Management Inc. bought a new position in Pitney Bowes in the 4th quarter valued at about $31,000. Smartleaf Asset Management LLC lifted its stake in shares of Pitney Bowes by 130.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 5,078 shares of the technology company's stock worth $37,000 after acquiring an additional 2,873 shares during the period. Xponance Inc. boosted its holdings in shares of Pitney Bowes by 36.7% in the fourth quarter. Xponance Inc. now owns 14,283 shares of the technology company's stock valued at $103,000 after acquiring an additional 3,837 shares in the last quarter. PharVision Advisers LLC acquired a new position in shares of Pitney Bowes during the fourth quarter valued at approximately $107,000. Finally, Cibc World Markets Corp bought a new stake in Pitney Bowes during the fourth quarter worth approximately $110,000. Institutional investors and hedge funds own 67.88% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on PBI shares. Sidoti raised Pitney Bowes to a "hold" rating in a research note 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.

Pitney Bowes Stock Performance

Shares of NYSE:PBI traded up $0.10 during trading hours on Wednesday, hitting $10.59. 1,360,542 shares of the company's stock traded hands, compared to its average volume of 2,155,959. The company's fifty day simple moving average is $9.59 and its two-hundred day simple moving average is $8.96. The company has a market cap of $1.94 billion, a price-to-earnings ratio of -11.64, a price-to-earnings-growth ratio of 0.55 and a beta of 1.61. Pitney Bowes Inc. has a 52 week low of $4.62 and a 52 week high of $11.01.

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

Pitney Bowes Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Monday, May 19th were issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.64%. This is a boost from Pitney Bowes's previous quarterly dividend of $0.06. The ex-dividend date of this dividend was Monday, May 19th. Pitney Bowes's payout ratio is presently -30.77%.

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.