Intech Investment Management LLC Has $632,000 Stake in Pitney Bowes Inc. (NYSE:PBI)

Intech Investment Management LLC boosted its holdings in shares of Pitney Bowes Inc. (NYSE:PBI) by 39.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 88,639 shares of the technology company’s stock after purchasing an additional 24,952 shares during the period. Intech Investment Management LLC’s holdings in Pitney Bowes were worth $632,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Assenagon Asset Management S.A. increased its stake in shares of Pitney Bowes by 2,894.2% in the third quarter. Assenagon Asset Management S.A. now owns 1,228,562 shares of the technology company’s stock valued at $8,760,000 after buying an additional 1,187,531 shares in the last quarter. Marshall Wace LLP increased its position in Pitney Bowes by 248.1% in the 2nd quarter. Marshall Wace LLP now owns 706,302 shares of the technology company’s stock valued at $3,588,000 after acquiring an additional 503,378 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Pitney Bowes in the third quarter worth about $3,442,000. Susquehanna Fundamental Investments LLC acquired a new position in shares of Pitney Bowes during the second quarter worth approximately $1,582,000. Finally, Cubist Systematic Strategies LLC grew its stake in shares of Pitney Bowes by 144.5% during the second quarter. Cubist Systematic Strategies LLC now owns 428,194 shares of the technology company’s stock valued at $2,175,000 after purchasing an additional 253,076 shares during the last quarter. Institutional investors own 67.88% of the company’s stock.

Insider Buying and Selling at Pitney Bowes

In other news, Director Paul J. Evans purchased 29,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 20th. The shares were acquired at an average cost of $7.80 per share, for a total transaction of $226,200.00. Following the transaction, the director now directly owns 29,000 shares of the company’s stock, valued at approximately $226,200. The trade was a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 14.30% of the company’s stock.

Pitney Bowes Stock Down 1.0 %

Shares of PBI opened at $8.06 on Friday. The stock’s fifty day simple moving average is $7.33 and its 200-day simple moving average is $6.56. The firm has a market capitalization of $1.46 billion, a PE ratio of -3.70, a price-to-earnings-growth ratio of 1.43 and a beta of 1.97. Pitney Bowes Inc. has a 12-month low of $3.68 and a 12-month high of $8.80.

Pitney Bowes (NYSE:PBI) last released its earnings results on Friday, November 8th. The technology company reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.08. Pitney Bowes had a negative net margin of 13.02% and a negative return on equity of 12.85%. The company had revenue of $499.46 million for the quarter, compared to the consensus estimate of $467.80 million. Analysts anticipate that Pitney Bowes Inc. will post 0.38 EPS for the current year.

Pitney Bowes Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Monday, November 18th will be issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 2.48%. The ex-dividend date of this dividend is Monday, November 18th. Pitney Bowes’s dividend payout ratio is presently -9.17%.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of Pitney Bowes from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 21st.

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.