Capital Management Corp VA Has $18.31 Million Stock Holdings in Pitney Bowes Inc. (NYSE:PBI)

Capital Management Corp VA cut its holdings in Pitney Bowes Inc. (NYSE:PBI) by 7.1% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,529,478 shares of the technology company’s stock after selling 192,030 shares during the quarter. Pitney Bowes makes up 3.3% of Capital Management Corp VA’s holdings, making the stock its 8th biggest holding. Capital Management Corp VA’s holdings in Pitney Bowes were worth $18,313,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Smartleaf Asset Management LLC boosted its stake in shares of Pitney Bowes by 130.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 5,078 shares of the technology company’s stock valued at $37,000 after purchasing an additional 2,873 shares in the last quarter. Quarry LP increased its position in Pitney Bowes by 889.2% during the 3rd quarter. Quarry LP now owns 8,319 shares of the technology company’s stock worth $59,000 after purchasing an additional 7,478 shares in the last quarter. Truvestments Capital LLC bought a new position in Pitney Bowes in the 3rd quarter valued at approximately $86,000. Point72 Asia Singapore Pte. Ltd. boosted its position in Pitney Bowes by 101.3% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 16,340 shares of the technology company’s stock valued at $117,000 after buying an additional 8,221 shares in the last quarter. Finally, James J. Burns & Company LLC grew 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 worth $135,000 after buying an additional 1,637 shares during the last quarter. Institutional investors own 67.88% of the company’s stock.

Pitney Bowes Trading Down 2.6 %

Pitney Bowes stock opened at $9.52 on Friday. The stock has a 50-day moving average price of $8.81 and a two-hundred day moving average price of $7.82. Pitney Bowes Inc. has a 12 month low of $3.90 and a 12 month high of $11.01. The company has a market capitalization of $1.74 billion, a PE ratio of -8.50, a P/E/G ratio of 0.59 and a beta of 2.02.

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

Pitney Bowes Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Friday, February 21st will be issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 2.52%. The ex-dividend date is Friday, February 21st. This is a positive change from Pitney Bowes’s previous quarterly dividend of $0.05. Pitney Bowes’s payout ratio is -21.43%.

Insider Buying and Selling

In other Pitney Bowes news, EVP Deborah Pfeiffer sold 35,000 shares of Pitney Bowes stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $9.02, for a total transaction of $315,700.00. Following the transaction, the executive vice president now directly 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Kurt James Wolf sold 78,285 shares of the stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $10.66, for a total value of $834,518.10. Following the completion of the sale, the director now directly owns 606,289 shares of the company’s stock, valued at approximately $6,463,040.74. The trade was a 11.44 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,974,484 shares of company stock valued at $19,815,631 over the last 90 days. 14.30% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Pitney Bowes from a “buy” rating to a “strong-buy” rating in a research note on Monday, March 3rd.

Pitney Bowes Company 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.