XTX Topco Ltd Acquires Shares of 25,021 Pitney Bowes Inc. (NYSE:PBI)

XTX Topco Ltd acquired a new position in shares of Pitney Bowes Inc. (NYSE:PBI - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 25,021 shares of the technology company's stock, valued at approximately $226,000.

A number of other large investors have also added to or reduced their stakes in the stock. KBC Group NV purchased a new position in shares of Pitney Bowes in the first quarter worth about $65,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Pitney Bowes during the first quarter valued at approximately $98,000. PharVision Advisers LLC bought a new stake in Pitney Bowes during the fourth quarter valued at approximately $107,000. PFG Investments LLC lifted 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 valued at $117,000 after purchasing an additional 1,644 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC bought a new position in shares of Pitney Bowes during the 1st quarter valued at $124,000. Hedge funds and other institutional investors own 67.88% of the company's stock.

Insider Activity

In other news, EVP Deborah Pfeiffer sold 35,000 shares of Pitney Bowes stock in a transaction that occurred on Monday, July 14th. The shares were sold at an average price of $12.14, for a total transaction of $424,900.00. Following the sale, the executive vice president owned 115,405 shares in the company, valued at $1,401,016.70. This trade represents a 23.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 9.00% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

PBI has been the subject of a number of recent analyst reports. Sidoti upgraded shares of Pitney Bowes to a "hold" rating in a report on Monday, May 5th. Wall Street Zen cut shares of Pitney Bowes from a "strong-buy" rating to a "buy" rating in a research note on Thursday, May 15th.

Pitney Bowes Trading Up 0.7%

Pitney Bowes stock traded up $0.08 during midday trading on Friday, hitting $11.29. The stock had a trading volume of 2,361,764 shares, compared to its average volume of 4,302,768. The company has a market capitalization of $1.94 billion, a PE ratio of -18.82, a P/E/G ratio of 0.57 and a beta of 1.54. Pitney Bowes Inc. has a 52-week low of $6.22 and a 52-week high of $13.11. The firm's fifty day moving average is $11.22 and its two-hundred day moving average is $9.97.

Pitney Bowes (NYSE:PBI - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The technology company reported $0.27 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.27. The firm had revenue of $461.91 million for the quarter, compared to analysts' expectations of $475.92 million. Pitney Bowes had a negative net margin of 5.60% and a negative return on equity of 38.01%. The company's revenue for the quarter was down 5.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.03 earnings per share. As a group, equities research analysts predict that Pitney Bowes Inc. will post 1.21 earnings per share for the current fiscal year.

Pitney Bowes announced that its Board of Directors has authorized a stock repurchase program on Wednesday, July 30th that allows the company to repurchase $400.00 million in outstanding shares. This repurchase authorization allows the technology company to reacquire up to 18.9% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's board believes its stock is undervalued.

Pitney Bowes Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 8th. Stockholders of record on Monday, August 11th will be given a dividend of $0.08 per share. The ex-dividend date is Monday, August 11th. This is an increase from Pitney Bowes's previous quarterly dividend of $0.07. This represents a $0.32 annualized dividend and a dividend yield of 2.8%. Pitney Bowes's dividend payout ratio (DPR) is -53.33%.

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.