Nebula Research & Development LLC Has $1.16 Million Stock Position in Pitney Bowes Inc. (NYSE:PBI)

Nebula Research & Development LLC cut its position in Pitney Bowes Inc. (NYSE:PBI - Free Report) by 19.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 159,521 shares of the technology company's stock after selling 37,451 shares during the period. Nebula Research & Development LLC owned 0.09% of Pitney Bowes worth $1,155,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in PBI. Hestia Capital Management LLC acquired a new position in Pitney Bowes during the 4th quarter worth $114,326,000. Principal Financial Group Inc. increased its position in Pitney Bowes by 4.2% in the fourth quarter. Principal Financial Group Inc. now owns 768,373 shares of the technology company's stock worth $5,563,000 after purchasing an additional 30,658 shares during the period. Assenagon Asset Management S.A. raised its holdings in Pitney Bowes by 47.7% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,814,811 shares of the technology company's stock worth $13,139,000 after purchasing an additional 586,249 shares during the last quarter. American Assets Inc. lifted its position in 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 during the period. Finally, JPMorgan Chase & Co. grew its position in shares of Pitney Bowes by 182.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 967,384 shares of the technology company's stock worth $6,897,000 after buying an additional 624,878 shares during the period. 67.88% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Director Kurt James Wolf sold 78,285 shares of the stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $10.66, for a total transaction of $834,518.10. Following the completion of the sale, the director now directly owns 606,289 shares of the company's stock, valued at approximately $6,463,040.74. This represents a 11.44 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP James Arthur Fairweather sold 130,000 shares of Pitney Bowes stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $10.83, for a total transaction of $1,407,900.00. Following the completion of the transaction, the executive vice president now directly owns 176,145 shares in the company, valued at approximately $1,907,650.35. The trade was a 42.46 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,941,529 shares of company stock valued at $19,517,109. 9.00% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of Pitney Bowes from a "strong-buy" rating to a "buy" rating in a report on Monday, March 31st.

Pitney Bowes Trading Up 3.5 %

Shares of NYSE:PBI traded up $0.31 during midday trading on Friday, hitting $9.06. The company had a trading volume of 773,266 shares, compared to its average volume of 2,089,312. Pitney Bowes Inc. has a 12 month low of $4.45 and a 12 month high of $11.01. The firm has a fifty day simple moving average of $9.00 and a 200 day simple moving average of $8.31. The stock has a market cap of $1.66 billion, a price-to-earnings ratio of -8.08, a PEG ratio of 0.59 and a beta of 1.89.

Pitney Bowes (NYSE:PBI - Get Free Report) last issued its earnings results on Tuesday, February 11th. The technology company reported $0.32 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.16 by $0.16. Pitney Bowes had a negative return on equity of 20.95% and a negative net margin of 7.71%. Equities analysts forecast that Pitney Bowes Inc. will post 1.21 EPS for the current fiscal year.

Pitney Bowes Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Friday, February 21st were given a $0.06 dividend. The ex-dividend date was Friday, February 21st. This represents a $0.24 dividend on an annualized basis and a dividend yield of 2.65%. This is a boost from Pitney Bowes's previous quarterly dividend of $0.05. Pitney Bowes's dividend payout ratio is currently -21.43%.

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.