4,290 Shares in Pitney Bowes Inc. (NYSE:PBI) Bought by Meeder Asset Management Inc.

Meeder Asset Management Inc. acquired a new stake in shares of Pitney Bowes Inc. (NYSE:PBI) in the 4th quarter, Holdings Channel.com reports. The fund acquired 4,290 shares of the technology company’s stock, valued at approximately $31,000.

Other institutional investors also recently modified their holdings of the company. James J. Burns & Company LLC increased its stake in shares of Pitney Bowes by 9.7% during the fourth quarter. James J. Burns & Company LLC now owns 18,587 shares of the technology company’s stock valued at $135,000 after purchasing an additional 1,637 shares in the last quarter. Envestnet Portfolio Solutions Inc. raised its stake in Pitney Bowes by 11.6% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 18,000 shares of the technology company’s stock valued at $130,000 after buying an additional 1,878 shares during the last quarter. First Citizens Bank & Trust Co. boosted its holdings in Pitney Bowes by 10.8% in the fourth quarter. First Citizens Bank & Trust Co. now owns 20,677 shares of the technology company’s stock worth $150,000 after acquiring an additional 2,020 shares in the last quarter. Smartleaf Asset Management LLC grew its stake in shares of Pitney Bowes by 130.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 5,078 shares of the technology company’s stock worth $37,000 after acquiring an additional 2,873 shares during the last quarter. Finally, Westside Investment Management Inc. increased its holdings in shares of Pitney Bowes by 0.5% during the fourth quarter. Westside Investment Management Inc. now owns 625,939 shares of the technology company’s stock valued at $4,532,000 after acquiring an additional 3,100 shares in the last quarter. 67.88% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of Pitney Bowes from a “strong-buy” rating to a “buy” rating in a research note on Monday.

Insider Transactions at Pitney Bowes

In other Pitney Bowes news, EVP Deborah Pfeiffer sold 35,000 shares of Pitney Bowes stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $9.02, for a total value of $315,700.00. Following the completion of the sale, the executive vice president now owns 124,124 shares of the company’s stock, valued at approximately $1,119,598.48. The trade was a 22.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Kurt James Wolf sold 481,199 shares of the stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $10.77, for a total value of $5,182,513.23. Following the transaction, the director now directly owns 584,636 shares in the company, valued at $6,296,529.72. The trade was a 45.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,974,484 shares of company stock worth $19,815,631 over the last three months. 14.30% of the stock is currently owned by company insiders.

Pitney Bowes Stock Up 1.3 %

NYSE:PBI opened at $9.16 on Thursday. Pitney Bowes Inc. has a 52 week low of $3.90 and a 52 week high of $11.01. The stock has a market cap of $1.67 billion, a price-to-earnings ratio of -8.18, a PEG ratio of 0.59 and a beta of 2.02. The company’s 50 day moving average price is $9.56 and its 200-day moving average price is $8.13.

Pitney Bowes (NYSE:PBI) last posted its earnings results on Tuesday, February 11th. The technology company reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.16. Pitney Bowes had a negative return on equity of 20.95% and a negative net margin of 7.71%. As a group, sell-side analysts anticipate that Pitney Bowes Inc. will post 1.21 earnings per share for the current year.

Pitney Bowes Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Friday, February 21st were issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 2.62%. The ex-dividend date was Friday, February 21st. This is an increase from Pitney Bowes’s previous quarterly dividend of $0.05. Pitney Bowes’s dividend payout ratio (DPR) is presently -21.43%.

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.