Barclays PLC Grows Stock Holdings in Pitney Bowes Inc. (NYSE:PBI)

Barclays PLC lifted its stake in Pitney Bowes Inc. (NYSE:PBI) by 298.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 277,469 shares of the technology company’s stock after buying an additional 207,838 shares during the period. Barclays PLC owned approximately 0.15% of Pitney Bowes worth $1,977,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. nVerses Capital LLC acquired a new stake in shares of Pitney Bowes during the second quarter valued at about $48,000. Point72 DIFC Ltd lifted its stake in Pitney Bowes by 218.0% during the second quarter. Point72 DIFC Ltd now owns 11,405 shares of the technology company’s stock worth $58,000 after purchasing an additional 7,819 shares during the last quarter. Quarry LP lifted its position in shares of Pitney Bowes by 889.2% in the 3rd quarter. Quarry LP now owns 8,319 shares of the technology company’s stock worth $59,000 after buying an additional 7,478 shares during the last quarter. Truvestments Capital LLC bought a new stake in shares of Pitney Bowes during the 3rd quarter valued at about $86,000. Finally, AQR Capital Management LLC acquired a new stake in shares of Pitney Bowes during the 2nd quarter worth approximately $97,000. Institutional investors and hedge funds own 67.88% of the company’s stock.

Pitney Bowes Stock Performance

PBI stock opened at $7.33 on Friday. The stock’s fifty day moving average is $7.58 and its two-hundred day moving average is $6.86. The stock has a market capitalization of $1.33 billion, a price-to-earnings ratio of -3.36, a PEG ratio of 1.35 and a beta of 1.97. Pitney Bowes Inc. has a 1 year low of $3.68 and a 1 year high of $8.80.

Pitney Bowes (NYSE:PBI) last issued its quarterly earnings data on Friday, November 8th. The technology company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.08. The business had revenue of $499.46 million during the quarter, compared to the consensus estimate of $467.80 million. Pitney Bowes had a negative return on equity of 12.85% and a negative net margin of 13.02%. As a group, analysts predict that Pitney Bowes Inc. will post 0.38 EPS for the current fiscal year.

Pitney Bowes Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Monday, November 18th were given a $0.05 dividend. The ex-dividend date of this dividend was Monday, November 18th. This represents a $0.20 dividend on an annualized basis and a yield of 2.73%. Pitney Bowes’s dividend payout ratio is presently -9.17%.

Insider Activity

In other news, Director Paul J. Evans bought 29,000 shares of the firm’s stock in a transaction on Wednesday, November 20th. The stock was bought at an average cost of $7.80 per share, for a total transaction of $226,200.00. Following the completion of the acquisition, the director now directly owns 29,000 shares in the company, valued at $226,200. This represents a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Lauren Freemen-Bosworth sold 42,308 shares of Pitney Bowes stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $8.12, for a total transaction of $343,540.96. Following the transaction, the executive vice president now owns 18,664 shares in the company, valued at approximately $151,551.68. The trade was a 69.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 14.30% of the company’s stock.

About Pitney Bowes

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.