Geode Capital Management LLC Has $25.88 Million Stock Holdings in Pitney Bowes Inc. (NYSE:PBI)

Geode Capital Management LLC boosted its holdings in shares of Pitney Bowes Inc. (NYSE:PBI) by 1.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,628,672 shares of the technology company’s stock after acquiring an additional 51,093 shares during the quarter. Geode Capital Management LLC owned 2.00% of Pitney Bowes worth $25,878,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Barclays PLC grew its position in shares of Pitney Bowes by 298.5% in the 3rd quarter. Barclays PLC now owns 277,469 shares of the technology company’s stock valued at $1,977,000 after buying an additional 207,838 shares during the last quarter. XTX Topco Ltd raised its position in shares of Pitney Bowes by 210.1% during the third quarter. XTX Topco Ltd now owns 77,836 shares of the technology company’s stock worth $555,000 after acquiring an additional 52,733 shares during the last quarter. Quarry LP lifted its stake in shares of Pitney Bowes by 889.2% in the third quarter. Quarry LP now owns 8,319 shares of the technology company’s stock worth $59,000 after acquiring an additional 7,478 shares during the period. Petrus Trust Company LTA boosted its holdings in Pitney Bowes by 224.0% in the third quarter. Petrus Trust Company LTA now owns 109,921 shares of the technology company’s stock valued at $784,000 after acquiring an additional 75,992 shares during the last quarter. Finally, Centiva Capital LP bought a new stake in Pitney Bowes in the third quarter valued at approximately $213,000. 67.88% of the stock is currently owned by institutional investors and hedge funds.

Pitney Bowes Stock Performance

Pitney Bowes stock opened at $7.29 on Friday. The firm has a market cap of $1.32 billion, a price-to-earnings ratio of -3.34, a PEG ratio of 1.35 and a beta of 1.97. Pitney Bowes Inc. has a 52-week low of $3.68 and a 52-week high of $8.80. The firm has a 50 day moving average price of $7.59 and a two-hundred day moving average price of $6.88.

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

Pitney Bowes Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Monday, November 18th were given a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 2.74%. The ex-dividend date was Monday, November 18th. Pitney Bowes’s dividend payout ratio (DPR) is presently -9.17%.

Insider Activity

In other Pitney Bowes news, EVP Lauren Freemen-Bosworth sold 42,308 shares of the firm’s stock in a transaction on Friday, November 29th. The shares were sold at an average price of $8.12, for a total value of $343,540.96. Following the completion of the sale, the executive vice president now directly owns 18,664 shares in the company, valued at approximately $151,551.68. This trade represents a 69.39 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Paul J. Evans purchased 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, with a total value of $226,200.00. Following the completion of the purchase, the director now owns 29,000 shares of the company’s stock, valued at approximately $226,200. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. 14.30% of the stock is owned by company insiders.

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.