SG Americas Securities LLC Has $133,000 Stake in Pitney Bowes Inc. (NYSE:PBI)

SG Americas Securities LLC decreased its holdings in Pitney Bowes Inc. (NYSE:PBI) by 26.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 18,348 shares of the technology company’s stock after selling 6,571 shares during the quarter. SG Americas Securities LLC’s holdings in Pitney Bowes were worth $133,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Westside Investment Management Inc. increased its holdings in Pitney Bowes by 0.5% in the 4th quarter. Westside Investment Management Inc. now owns 625,939 shares of the technology company’s stock valued at $4,532,000 after buying an additional 3,100 shares during the period. Assenagon Asset Management S.A. increased its holdings in Pitney Bowes by 47.7% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,814,811 shares of the technology company’s stock valued at $13,139,000 after buying an additional 586,249 shares during the period. JPMorgan Chase & Co. increased 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 valued at $6,897,000 after buying an additional 624,878 shares during the period. Franklin Resources Inc. increased its holdings in Pitney Bowes by 593.2% in the 3rd quarter. Franklin Resources Inc. now owns 106,633 shares of the technology company’s stock valued at $751,000 after buying an additional 91,251 shares during the period. Finally, Optimist Retirement Group LLC bought a new position in Pitney Bowes in the 3rd quarter valued at about $252,000. Institutional investors and hedge funds own 67.88% of the company’s stock.

Pitney Bowes Stock Down 0.6 %

PBI stock opened at $8.77 on Wednesday. Pitney Bowes Inc. has a 12 month low of $3.73 and a 12 month high of $9.37. The firm has a market cap of $1.59 billion, a P/E ratio of -4.02, a P/E/G ratio of 0.52 and a beta of 2.01. The company’s 50-day moving average price is $7.78 and its two-hundred day moving average price is $7.33.

Pitney Bowes (NYSE:PBI) last announced its quarterly earnings results on Tuesday, February 11th. The technology company reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.16. Pitney Bowes had a negative net margin of 13.02% and a negative return on equity of 12.85%. Equities analysts predict that Pitney Bowes Inc. will post 0.4 EPS for the current year.

Insider Activity at Pitney Bowes

In related news, EVP Lauren Freemen-Bosworth sold 42,308 shares of Pitney Bowes stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $8.12, for a total transaction of $343,540.96. Following the sale, the executive vice president now directly owns 18,664 shares in the company, valued at $151,551.68. This trade represents a 69.39 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Deborah Pfeiffer sold 35,000 shares of Pitney Bowes stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $9.02, for a total transaction of $315,700.00. Following the sale, the executive vice president now owns 124,124 shares in the company, valued at approximately $1,119,598.48. This represents a 22.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 14.30% of the stock is currently owned by insiders.

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.