Equitable Trust Co. Has $328,000 Holdings in Pitney Bowes Inc. (NYSE:PBI)

Equitable Trust Co. reduced its stake in shares of Pitney Bowes Inc. (NYSE:PBI) by 25.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 45,364 shares of the technology company’s stock after selling 15,232 shares during the quarter. Equitable Trust Co.’s holdings in Pitney Bowes were worth $328,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Hestia Capital Management LLC acquired a new position in shares of Pitney Bowes in the 4th quarter valued at $114,326,000. Assenagon Asset Management S.A. raised its stake in shares of Pitney Bowes by 47.7% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,814,811 shares of the technology company’s stock valued at $13,139,000 after buying an additional 586,249 shares in the last quarter. Algert Global LLC raised its stake in shares of Pitney Bowes by 76.9% in the 3rd quarter. Algert Global LLC now owns 344,829 shares of the technology company’s stock valued at $2,459,000 after buying an additional 149,944 shares in the last quarter. FMR LLC raised its stake in shares of Pitney Bowes by 3,308.0% in the 3rd quarter. FMR LLC now owns 320,152 shares of the technology company’s stock valued at $2,283,000 after buying an additional 310,758 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in shares of Pitney Bowes by 182.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 967,384 shares of the technology company’s stock worth $6,897,000 after purchasing an additional 624,878 shares during the last quarter. Institutional investors and hedge funds own 67.88% of the company’s stock.

Insider Transactions at Pitney Bowes

In other Pitney Bowes news, EVP Deborah Pfeiffer sold 35,000 shares of the stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $9.02, for a total transaction of $315,700.00. Following the sale, the executive vice president now owns 124,124 shares of the company’s stock, valued at $1,119,598.48. This represents a 22.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Paul J. Evans acquired 29,000 shares of the firm’s stock in a transaction on Wednesday, November 20th. The shares were bought at an average cost of $7.80 per share, for a total transaction of $226,200.00. Following the acquisition, the director now owns 29,000 shares in the company, valued at approximately $226,200. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 14.30% of the stock is owned by insiders.

Pitney Bowes Stock Performance

PBI opened at $8.77 on Wednesday. The firm’s 50-day simple moving average is $7.78 and its 200-day simple moving average is $7.33. Pitney Bowes Inc. has a twelve month low of $3.73 and a twelve month high of $9.37. The firm has a market cap of $1.59 billion, a price-to-earnings ratio of -4.02, a PEG ratio of 0.52 and a beta of 2.01.

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 the consensus estimate of $0.16 by $0.16. Pitney Bowes had a negative net margin of 13.02% and a negative return on equity of 12.85%. As a group, sell-side analysts anticipate that Pitney Bowes Inc. will post 0.4 EPS for the current fiscal year.

About Pitney Bowes

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.