Voleon Capital Management LP Makes New Investment in Pitney Bowes Inc. (NYSE:PBI)

Voleon Capital Management LP acquired a new stake in Pitney Bowes Inc. (NYSE:PBI - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 159,086 shares of the technology company's stock, valued at approximately $1,152,000. Voleon Capital Management LP owned about 0.09% of Pitney Bowes as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of PBI. Hestia Capital Management LLC bought a new stake in shares of Pitney Bowes during the fourth quarter worth about $114,326,000. Vanguard Group Inc. increased its position in Pitney Bowes by 6.5% in the fourth quarter. Vanguard Group Inc. now owns 21,162,512 shares of the technology company's stock worth $153,217,000 after buying an additional 1,299,716 shares during the last quarter. First Trust Advisors LP bought a new stake in Pitney Bowes in the 4th quarter valued at about $6,245,000. JPMorgan Chase & Co. boosted its holdings in Pitney Bowes by 182.4% in 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. Finally, Assenagon Asset Management S.A. grew its position in shares of Pitney Bowes by 47.7% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,814,811 shares of the technology company's stock valued at $13,139,000 after purchasing an additional 586,249 shares in the last quarter. 67.88% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Insiders Place Their Bets

In other news, Director Kurt James Wolf sold 1,250,000 shares of Pitney Bowes 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 transaction, the director now owns 622,250 shares in the company, valued at approximately $6,010,935. The trade was a 66.76 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP James Arthur Fairweather sold 130,000 shares of Pitney Bowes stock in a transaction on 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 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,941,529 shares of company stock valued at $19,517,109 over the last quarter. 9.00% of the stock is owned by corporate insiders.

Pitney Bowes Stock Down 0.2 %

Shares of PBI stock traded down $0.02 on Monday, reaching $9.02. The company's stock had a trading volume of 1,519,509 shares, compared to its average volume of 2,069,281. Pitney Bowes Inc. has a 12-month low of $4.62 and a 12-month high of $11.01. The stock's 50 day simple moving average is $8.96 and its 200-day simple moving average is $8.34. The company has a market capitalization of $1.65 billion, a P/E ratio of -8.05, a PEG ratio of 0.59 and a beta of 1.89.

Pitney Bowes (NYSE:PBI - Get Free Report) last issued its quarterly earnings results on Tuesday, February 11th. The technology company reported $0.32 earnings per share (EPS) for the quarter, beating 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%. Research analysts expect that Pitney Bowes Inc. will post 1.21 EPS for the current year.

Pitney Bowes Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Friday, February 21st were given a $0.06 dividend. This is an increase from Pitney Bowes's previous quarterly dividend of $0.05. The ex-dividend date was Friday, February 21st. This represents a $0.24 dividend on an annualized basis and a yield of 2.66%. 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.