Pitney Bowes Inc. (NYSE:PBI) Shares Sold by Two Sigma Advisers LP

Two Sigma Advisers LP reduced its stake in shares of Pitney Bowes Inc. (NYSE:PBI - Free Report) by 13.6% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 175,700 shares of the technology company's stock after selling 27,600 shares during the period. Two Sigma Advisers LP owned approximately 0.10% of Pitney Bowes worth $1,272,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the stock. Hestia Capital Management LLC acquired a new position in shares of Pitney Bowes in the fourth quarter worth $114,326,000. Vanguard Group Inc. lifted its holdings in shares of Pitney Bowes by 6.5% in the fourth quarter. Vanguard Group Inc. now owns 21,162,512 shares of the technology company's stock valued at $153,217,000 after purchasing an additional 1,299,716 shares in the last quarter. First Trust Advisors LP purchased a new stake in Pitney Bowes in the 4th quarter worth approximately $6,245,000. Millennium Management LLC raised its stake in Pitney Bowes by 103.0% during the fourth quarter. Millennium Management LLC now owns 1,269,207 shares of the technology company's stock worth $9,189,000 after purchasing an additional 644,002 shares during the period. Finally, PEAK6 LLC acquired a new stake in Pitney Bowes during the 4th quarter valued at $3,547,000. 67.88% of the stock is currently owned by institutional investors and hedge funds.

Pitney Bowes Trading Down 1.0%

NYSE:PBI traded down $0.10 on Wednesday, hitting $10.10. The company's stock had a trading volume of 2,068,069 shares, compared to its average volume of 2,129,033. Pitney Bowes Inc. has a one year low of $4.62 and a one year high of $11.01. The firm has a market capitalization of $1.85 billion, a P/E ratio of -9.02, a price-to-earnings-growth ratio of 0.59 and a beta of 1.47. The stock has a fifty day moving average of $8.96 and a two-hundred day moving average of $8.69.

Pitney Bowes (NYSE:PBI - Get Free Report) last announced its earnings results on Wednesday, May 7th. The technology company reported $0.33 earnings per share for the quarter, topping analysts' consensus estimates of $0.28 by $0.05. Pitney Bowes had a negative net margin of 7.71% and a negative return on equity of 20.95%. The business had revenue of $493.42 million during the quarter, compared to the consensus estimate of $498.99 million. During the same quarter last year, the firm earned ($0.01) earnings per share. Pitney Bowes's quarterly revenue was down 5.3% on a year-over-year basis. As a group, sell-side analysts anticipate 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. Shareholders of record on Monday, May 19th will be issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 2.77%. The ex-dividend date of this dividend is Monday, May 19th. This is a boost from Pitney Bowes's previous quarterly dividend of $0.06. Pitney Bowes's dividend payout ratio is -30.77%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Sidoti upgraded Pitney Bowes to a "hold" rating in a research report on Monday, May 5th. Wall Street Zen downgraded shares of Pitney Bowes from a "strong-buy" rating to a "buy" rating in a research note on Thursday, May 15th.

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.