Xponance Inc. Acquires 26,646 Shares of Pitney Bowes Inc. (NYSE:PBI)

Xponance Inc. boosted its holdings in Pitney Bowes Inc. (NYSE:PBI - Free Report) by 186.6% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 40,929 shares of the technology company's stock after acquiring an additional 26,646 shares during the quarter. Xponance Inc.'s holdings in Pitney Bowes were worth $370,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the business. Meeder Asset Management Inc. purchased a new stake in Pitney Bowes in the 4th quarter valued at about $31,000. KBC Group NV purchased a new stake in Pitney Bowes in the 1st quarter valued at about $65,000. PFG Investments LLC grew its holdings in shares of Pitney Bowes by 14.6% during the 1st 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 during the period. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Pitney Bowes during the 1st quarter worth about $124,000. Finally, PharVision Advisers LLC purchased a new stake in shares of Pitney Bowes during the 4th quarter worth about $107,000. Hedge funds and other institutional investors own 67.88% of the company's stock.

Pitney Bowes Price Performance

Pitney Bowes stock traded up $0.24 during mid-day trading on Friday, hitting $12.01. The company's stock had a trading volume of 2,722,066 shares, compared to its average volume of 2,172,443. Pitney Bowes Inc. has a 52-week low of $5.58 and a 52-week high of $12.55. The firm's 50 day moving average is $10.51 and its 200 day moving average is $9.42. The company has a market cap of $2.20 billion, a PE ratio of -13.20, a price-to-earnings-growth ratio of 0.64 and a beta of 1.60.

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 (EPS) for the quarter, beating analysts' consensus estimates of $0.28 by $0.05. The firm had revenue of $493.42 million for 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 company's revenue was down 5.3% on a year-over-year basis. During the same quarter last year, the firm posted ($0.01) EPS. As a group, analysts forecast that Pitney Bowes Inc. will post 1.21 EPS for the current year.

Pitney Bowes Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Monday, May 19th were paid a dividend of $0.07 per share. The ex-dividend date was Monday, May 19th. This is a boost from Pitney Bowes's previous quarterly dividend of $0.06. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.33%. Pitney Bowes's payout ratio is -30.77%.

Wall Street Analyst Weigh In

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

Insider Activity at Pitney Bowes

In other Pitney Bowes news, EVP Deborah Pfeiffer sold 35,000 shares of the business's 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 completion of the transaction, the executive vice president directly owned 115,405 shares of the company's stock, 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 9.00% of the stock is currently owned by company 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.