Aigen Investment Management LP Sells 26,185 Shares of Pitney Bowes Inc. (NYSE:PBI)

Aigen Investment Management LP lowered its holdings in Pitney Bowes Inc. (NYSE:PBI) by 67.7% in the third quarter, HoldingsChannel.com reports. The firm owned 12,497 shares of the technology company’s stock after selling 26,185 shares during the quarter. Aigen Investment Management LP’s holdings in Pitney Bowes were worth $89,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the business. Bank of New York Mellon Corp boosted its holdings in Pitney Bowes by 1.0% in the 2nd 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. Assenagon Asset Management S.A. lifted its holdings in shares of Pitney Bowes by 2,894.2% during the 3rd quarter. Assenagon Asset Management S.A. now owns 1,228,562 shares of the technology company’s stock worth $8,760,000 after acquiring an additional 1,187,531 shares during the period. Marshall Wace LLP lifted its holdings in shares of Pitney Bowes by 248.1% during the 2nd quarter. Marshall Wace LLP now owns 706,302 shares of the technology company’s stock worth $3,588,000 after acquiring an additional 503,378 shares during the period. Renaissance Technologies LLC lifted its holdings in shares of Pitney Bowes by 3.8% during the 2nd quarter. Renaissance Technologies LLC now owns 519,571 shares of the technology company’s stock worth $2,639,000 after acquiring an additional 19,000 shares during the period. Finally, Rhumbline Advisers lifted its holdings in shares of Pitney Bowes by 2.1% during the 2nd quarter. Rhumbline Advisers now owns 508,038 shares of the technology company’s stock worth $2,581,000 after acquiring an additional 10,646 shares during the period. Institutional investors own 67.88% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of Pitney Bowes from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 21st.

Pitney Bowes Trading Down 0.1 %

Shares of Pitney Bowes stock opened at $7.25 on Monday. The company has a market cap of $1.32 billion, a PE ratio of -3.33, a price-to-earnings-growth ratio of 1.27 and a beta of 1.97. The company has a 50 day moving average of $7.11 and a 200-day moving average of $6.37. 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 EPS for the quarter, beating 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 net margin of 13.02% and a negative return on equity of 12.85%. Research analysts forecast that Pitney Bowes Inc. will post 0.38 earnings per share for the current year.

Pitney Bowes Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Monday, November 18th will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 2.76%. The ex-dividend date is Monday, November 18th. Pitney Bowes’s payout ratio is -9.17%.

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.