WINTON GROUP Ltd Has $536,000 Stock Holdings in Pitney Bowes Inc. (NYSE:PBI)

WINTON GROUP Ltd lifted its stake in Pitney Bowes Inc. (NYSE:PBI) by 16.7% during the fourth quarter, Holdings Channel.com reports. The fund owned 74,044 shares of the technology company’s stock after buying an additional 10,576 shares during the period. WINTON GROUP Ltd’s holdings in Pitney Bowes were worth $536,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of PBI. Smartleaf Asset Management LLC increased its position in shares of Pitney Bowes by 130.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 5,078 shares of the technology company’s stock worth $37,000 after purchasing an additional 2,873 shares during the last quarter. Quarry LP grew its stake in shares of Pitney Bowes by 889.2% in the third quarter. Quarry LP now owns 8,319 shares of the technology company’s stock valued at $59,000 after buying an additional 7,478 shares in the last quarter. Xponance Inc. grew its stake in shares of Pitney Bowes by 36.7% in the fourth quarter. Xponance Inc. now owns 14,283 shares of the technology company’s stock valued at $103,000 after buying an additional 3,837 shares in the last quarter. Cibc World Markets Corp acquired a new position in Pitney Bowes during the fourth quarter worth $110,000. Finally, Point72 Asia Singapore Pte. Ltd. raised its position in Pitney Bowes by 101.3% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 16,340 shares of the technology company’s stock worth $117,000 after acquiring an additional 8,221 shares in the last quarter. Institutional investors own 67.88% of the company’s stock.

Pitney Bowes Stock Down 2.4 %

Shares of NYSE PBI opened at $9.31 on Monday. The business’s 50 day moving average price is $9.45 and its two-hundred day moving average price is $8.09. The company has a market cap of $1.70 billion, a PE ratio of -8.31, a price-to-earnings-growth ratio of 0.59 and a beta of 2.02. Pitney Bowes Inc. has a twelve month low of $3.90 and a twelve month high of $11.01.

Pitney Bowes (NYSE:PBI) last posted its earnings results on Tuesday, February 11th. The technology company reported $0.32 earnings per share 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, research analysts anticipate that Pitney Bowes Inc. will post 1.21 EPS for the current fiscal year.

Pitney Bowes Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Friday, February 21st were given a $0.06 dividend. The ex-dividend date was Friday, February 21st. This is a positive change from Pitney Bowes’s previous quarterly dividend of $0.05. This represents a $0.24 annualized dividend and a dividend yield of 2.58%. Pitney Bowes’s dividend payout ratio is presently -21.43%.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Pitney Bowes from a “buy” rating to a “strong-buy” rating in a research report on Monday, March 3rd.

Insider Transactions at Pitney Bowes

In other news, EVP James Arthur Fairweather sold 130,000 shares of the stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $10.83, for a total transaction of $1,407,900.00. Following the transaction, the executive vice president now owns 176,145 shares in the company, valued at approximately $1,907,650.35. This trade represents a 42.46 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Kurt James Wolf sold 481,199 shares of Pitney Bowes stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $10.77, for a total value of $5,182,513.23. Following the sale, the director now directly owns 584,636 shares of the company’s stock, valued at approximately $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. In the last 90 days, insiders sold 1,974,484 shares of company stock worth $19,815,631. 14.30% of the stock is owned by insiders.

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.