2 weeks Ago By Defense World Staff
Bank of Montreal Can grew its holdings in shares of Pitney Bowes Inc. (NYSE:PBI – Free Report) by 8.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission.
The firm owned 37,259 shares of the technology company’s stock after purchasing an additional 2,962 shares during the quarter. Bank of Montreal Can’s holdings in Pitney Bowes were worth $270,000 at the end of the most recent quarter. Several other hedge funds have also made changes to their positions in the business.
James J. Burns & Company LLC lifted its position in 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 period. Envestnet Portfolio Solutions Inc.
lifted its holdings in shares of Pitney Bowes by 11.6% during the 4th quarter. Envestnet Portfolio Solutions Inc.
now owns 18,000 shares of the technology company’s stock worth $130,000 after acquiring an additional 1,878 shares during the period. First Citizens Bank & Trust Co. lifted its holdings in shares of Pitney Bowes by 10.
8% during the 4th 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 during the period.
Federated Hermes Inc. boosted its position in shares of Pitney Bowes by 2.7% in the fourth quarter.
Federated Hermes Inc. now owns 102,197 shares of the technology company’s stock worth $740,000 after acquiring an additional 2,711 shares during the last quarter. Finally, Smartleaf Asset Management LLC grew its holdings in Pitney Bowes by 130.
3% in the fourth 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 during the period. Institutional investors and hedge funds own 67.
88% of the company’s stock. Pitney Bowes Trading Up 1.7 %PBI stock opened at $8.
45 on Friday. The stock has a 50-day moving average price of $9.20 and a two-hundred day moving average price of $8.
25. The company has a market cap of $1.55 billion, a PE ratio of -7.
54, a price-to-earnings-growth ratio of 0.59 and a beta of 1.89.
Pitney Bowes Inc. has a 12-month low of $4.07 and a 12-month high of $11.
01. Pitney Bowes (NYSE:PBI – Get Free Report) last posted its earnings results on Tuesday, February 11th. The technology company reported $0.
32 earnings per share (EPS) for the quarter, topping 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%.
Equities analysts forecast that Pitney Bowes Inc. will post 1.21 EPS for the current fiscal year.
Pitney Bowes Increases DividendThe firm also recently announced a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Friday, February 21st were issued a dividend of $0.06 per share.
This is a positive change from Pitney Bowes’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend was Friday, February 21st.
This represents a $0.24 annualized dividend and a dividend yield of 2.84%.
Pitney Bowes’s payout ratio is presently -21.43%. Analysts Set New Price TargetsSeparately, StockNews.
com downgraded shares of Pitney Bowes from a “strong-buy” rating to a “buy” rating in a research note on Monday, March 31st.View Our Latest Stock Report on Pitney BowesInsider Buying and SellingIn other news, EVP James Arthur Fairweather sold 130,000 shares of the business’s stock in a transaction on Wednesday, February 26th. The shares were 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 directly owns 176,145 shares of the company’s stock, valued at approximately $1,907,650.
35. The trade was a 42.46 % decrease in their ownership of the stock.
The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Deborah Pfeiffer sold 35,000 shares of the firm’s stock in a transaction on 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 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 ownership of the stock.
The disclosure for this sale can be found here. In the last three months, insiders sold 1,976,529 shares of company stock valued at $19,832,809. Company insiders own 9.
00% of the company’s stock. Pitney Bowes Company Profile (Free Report)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.
See AlsoFive stocks we like better than Pitney BowesHow to buy stock: A step-by-step guide for beginners 2 Strong Utilities Plays With Booming Earnings and Room to GrowThe 3 Best Fintech Stocks to Buy NowWhy Smart Investors Don’t Panic in Election SeasonHow to Invest in the Best Canadian Stocks Now Is the Time to Buy ServiceNow—The Rebound Is RealWant to see what other hedge funds are holding PBI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Pitney Bowes Inc. (NYSE:PBI – Free Report).
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