nVerses Capital LLC grew its stake in shares of Pitney Bowes Inc. (NYSE:PBI – Free Report) by 59.6% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 15,000 shares of the technology company’s stock after buying an additional 5,600 shares during the period. nVerses Capital LLC’s holdings in Pitney Bowes were worth $107,000 at the end of the most recent reporting period.
Several other hedge funds also recently bought and sold shares of PBI. Bank of New York Mellon Corp grew its position in shares of Pitney Bowes by 1.0% in the second quarter. Bank of New York Mellon Corp now owns 2,116,838 shares of the technology company’s stock valued at $10,754,000 after purchasing an additional 21,811 shares during the period. Marshall Wace LLP grew its position in shares of Pitney Bowes by 248.1% in the second quarter. Marshall Wace LLP now owns 706,302 shares of the technology company’s stock valued at $3,588,000 after purchasing an additional 503,378 shares during the period. Renaissance Technologies LLC grew its position in shares of Pitney Bowes by 3.8% in the second quarter. Renaissance Technologies LLC now owns 519,571 shares of the technology company’s stock valued at $2,639,000 after purchasing an additional 19,000 shares during the period. Rhumbline Advisers grew its position in shares of Pitney Bowes by 2.1% in the second quarter. Rhumbline Advisers now owns 508,038 shares of the technology company’s stock valued at $2,581,000 after purchasing an additional 10,646 shares during the period. Finally, Cubist Systematic Strategies LLC boosted its holdings in Pitney Bowes by 144.5% in the second quarter. Cubist Systematic Strategies LLC now owns 428,194 shares of the technology company’s stock valued at $2,175,000 after acquiring an additional 253,076 shares during the last quarter. Hedge funds and other institutional investors own 67.88% of the company’s stock.
Pitney Bowes Price Performance
Shares of PBI opened at $7.15 on Monday. The stock’s 50-day moving average is $6.98 and its two-hundred day moving average is $5.92. The stock has a market cap of $1.28 billion, a PE ratio of -3.29, a P/E/G ratio of 1.34 and a beta of 1.97. Pitney Bowes Inc. has a 12 month low of $3.03 and a 12 month high of $7.70.
Pitney Bowes Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Thursday, August 22nd were paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 2.80%. The ex-dividend date was Thursday, August 22nd. Pitney Bowes’s dividend payout ratio (DPR) is -9.22%.
Analyst Upgrades and Downgrades
Separately, StockNews.com cut Pitney Bowes from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 21st.
Get Our Latest Research Report on PBI
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.
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