Two Sigma Advisers LP Has $1.27 Million Holdings in Pitney Bowes Inc. (NYSE:PBI)

Two Sigma Advisers LP lowered its position in Pitney Bowes Inc. (NYSE:PBI - Free Report) by 13.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 175,700 shares of the technology company's stock after selling 27,600 shares during the quarter. Two Sigma Advisers LP owned about 0.10% of Pitney Bowes worth $1,272,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Hestia Capital Management LLC bought a new position in Pitney Bowes during the fourth quarter valued at about $114,326,000. Principal Financial Group Inc. lifted its holdings in Pitney Bowes by 4.2% in the 4th quarter. Principal Financial Group Inc. now owns 768,373 shares of the technology company's stock valued at $5,563,000 after acquiring an additional 30,658 shares during the last quarter. American Assets Inc. boosted its position in shares of Pitney Bowes by 80.6% during the 4th quarter. American Assets Inc. now owns 130,000 shares of the technology company's stock valued at $941,000 after purchasing an additional 58,000 shares in the last quarter. Bank of America Corp DE boosted its position in shares of Pitney Bowes by 43.0% during the 4th quarter. Bank of America Corp DE now owns 932,635 shares of the technology company's stock valued at $6,752,000 after purchasing an additional 280,402 shares in the last quarter. Finally, Man Group plc grew its stake in shares of Pitney Bowes by 76.1% in the 4th quarter. Man Group plc now owns 101,142 shares of the technology company's stock worth $732,000 after purchasing an additional 43,694 shares during the last quarter. 67.88% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

Pitney Bowes Price Performance

NYSE PBI traded down $0.04 on Wednesday, hitting $10.17. 351,931 shares of the company were exchanged, compared to its average volume of 2,118,666. Pitney Bowes Inc. has a twelve month low of $4.62 and a twelve month high of $11.01. The firm has a market capitalization of $1.86 billion, a P/E ratio of -9.08, a price-to-earnings-growth ratio of 0.59 and a beta of 1.47. The company's 50 day moving average price is $8.95 and its 200-day moving average price is $8.68.

Pitney Bowes (NYSE:PBI - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The technology company reported $0.33 earnings per share for the quarter, beating analysts' consensus estimates 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 20.95% and a negative net margin of 7.71%. Pitney Bowes's revenue for the quarter was down 5.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.01) earnings per share. As a group, equities analysts expect that Pitney Bowes Inc. will post 1.21 EPS for the current year.

Pitney Bowes Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Monday, May 19th will be given a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 2.75%. This is a boost from Pitney Bowes's previous quarterly dividend of $0.06. The ex-dividend date is Monday, May 19th. Pitney Bowes's dividend payout ratio is currently -30.77%.

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.