Susquehanna Fundamental Investments LLC Invests $2.27 Million in Pitney Bowes Inc. (NYSE:PBI)

Susquehanna Fundamental Investments LLC purchased a new position in Pitney Bowes Inc. (NYSE:PBI - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 314,088 shares of the technology company's stock, valued at approximately $2,274,000. Susquehanna Fundamental Investments LLC owned about 0.17% of Pitney Bowes at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. James J. Burns & Company LLC grew its holdings in Pitney Bowes by 9.7% during the fourth quarter. James J. Burns & Company LLC now owns 18,587 shares of the technology company's stock valued at $135,000 after purchasing an additional 1,637 shares during the period. Envestnet Portfolio Solutions Inc. increased its stake in Pitney Bowes by 11.6% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 18,000 shares of the technology company's stock worth $130,000 after acquiring an additional 1,878 shares during the last quarter. First Citizens Bank & Trust Co. raised its stake in Pitney Bowes by 10.8% during the fourth quarter. First Citizens Bank & Trust Co. now owns 20,677 shares of the technology company's stock valued at $150,000 after purchasing an additional 2,020 shares in the last quarter. Federated Hermes Inc. raised its position in shares of Pitney Bowes by 2.7% during the 4th quarter. Federated Hermes Inc. now owns 102,197 shares of the technology company's stock valued at $740,000 after buying an additional 2,711 shares in the last quarter. Finally, Smartleaf Asset Management LLC raised its position in Pitney Bowes by 130.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 5,078 shares of the technology company's stock valued at $37,000 after purchasing an additional 2,873 shares during the period. 67.88% of the stock is currently owned by institutional investors.

Insider Transactions at Pitney Bowes

In related news, EVP James Arthur Fairweather sold 130,000 shares of the company's stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $10.83, for a total value of $1,407,900.00. Following the sale, the executive vice president now owns 176,145 shares in the company, valued at $1,907,650.35. This represents a 42.46 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Kurt James Wolf sold 1,250,000 shares of the stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $9.66, for a total value of $12,075,000.00. Following the sale, the director now directly owns 622,250 shares in the company, valued at $6,010,935. This represents a 66.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,941,529 shares of company stock valued at $19,517,109. Corporate insiders own 9.00% of the company's stock.

Analyst Upgrades and Downgrades

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 Stock Performance

PBI traded up $0.04 during trading on Monday, hitting $9.08. 333,854 shares of the stock were exchanged, compared to its average volume of 2,372,769. The firm has a 50 day simple moving average of $8.96 and a 200 day simple moving average of $8.34. The firm has a market cap of $1.66 billion, a price-to-earnings ratio of -8.10, a P/E/G ratio of 0.59 and a beta of 1.89. Pitney Bowes Inc. has a 1 year low of $4.62 and a 1 year high of $11.01.

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

Pitney Bowes Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Friday, February 21st were given a $0.06 dividend. The ex-dividend date of this dividend was Friday, February 21st. This represents a $0.24 dividend on an annualized basis and a dividend yield of 2.64%. This is an increase from Pitney Bowes's previous quarterly dividend of $0.05. Pitney Bowes's payout ratio is presently -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.