Pitney Bowes Inc. (NYSE:PBI) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP lessened its stake in Pitney Bowes Inc. (NYSE:PBI - Free Report) by 25.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 102,209 shares of the technology company's stock after selling 35,199 shares during the quarter. Dimensional Fund Advisors LP owned about 0.06% of Pitney Bowes worth $740,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. James J. Burns & Company LLC raised its stake in shares of Pitney Bowes by 9.7% in the 4th quarter. James J. Burns & Company LLC now owns 18,587 shares of the technology company's stock valued at $135,000 after acquiring an additional 1,637 shares during the period. Envestnet Portfolio Solutions Inc. raised its stake in shares of Pitney Bowes by 11.6% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 18,000 shares of the technology company's stock valued at $130,000 after acquiring an additional 1,878 shares during the period. First Citizens Bank & Trust Co. raised its stake in shares of Pitney Bowes by 10.8% in the 4th quarter. First Citizens Bank & Trust Co. now owns 20,677 shares of the technology company's stock valued at $150,000 after acquiring an additional 2,020 shares during the period. Federated Hermes Inc. raised its stake in shares of Pitney Bowes by 2.7% in the 4th quarter. Federated Hermes Inc. now owns 102,197 shares of the technology company's stock valued at $740,000 after acquiring an additional 2,711 shares during the period. Finally, Smartleaf Asset Management LLC raised its stake in shares of Pitney Bowes by 130.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 5,078 shares of the technology company's stock valued at $37,000 after acquiring an additional 2,873 shares during the period. Institutional investors and hedge funds own 67.88% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. 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. Sidoti raised shares of Pitney Bowes to a "hold" rating in a research note on Monday, May 5th.

Insider Buying and Selling

In other news, Director Kurt James Wolf sold 481,199 shares of the business's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $10.77, for a total value of $5,182,513.23. Following the completion of the sale, the director now owns 584,636 shares of the company's stock, valued at approximately $6,296,529.72. The trade was a 45.15% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP James Arthur Fairweather sold 130,000 shares of the business's stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $10.83, for a total transaction of $1,407,900.00. Following the completion of the sale, the executive vice president now directly owns 176,145 shares of the company's stock, valued at $1,907,650.35. The trade was a 42.46% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 613,244 shares of company stock valued at $6,607,591 in the last quarter. Company insiders own 9.00% of the company's stock.

Pitney Bowes Stock Up 9.7%

Shares of PBI stock traded up $0.88 during mid-day trading on Thursday, reaching $9.98. The company's stock had a trading volume of 5,470,857 shares, compared to its average volume of 2,101,593. Pitney Bowes Inc. has a 12-month low of $4.62 and a 12-month high of $11.01. The firm has a market capitalization of $1.83 billion, a PE ratio of -8.91, a price-to-earnings-growth ratio of 0.59 and a beta of 1.47. The company's 50 day simple moving average is $8.82 and its 200-day simple moving average is $8.53.

Pitney Bowes (NYSE:PBI - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The technology company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $493.42 million for the quarter, compared to the consensus estimate of $498.99 million. During the same quarter in the previous year, the firm posted ($0.01) EPS. The firm's quarterly revenue was down 5.3% on a year-over-year basis. As a group, research analysts anticipate that Pitney Bowes Inc. will post 1.21 EPS for the current fiscal year.

Pitney Bowes Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Monday, May 19th will be paid a dividend of $0.07 per share. This is an increase from Pitney Bowes's previous quarterly dividend of $0.06. The ex-dividend date of this dividend is Monday, May 19th. This represents a $0.28 annualized dividend and a yield of 2.81%. Pitney Bowes's payout ratio is -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.