Bailard Inc. Has $209,000 Stock Holdings in Pitney Bowes Inc. (NYSE:PBI)

Bailard Inc. lowered its position in shares of Pitney Bowes Inc. (NYSE:PBI) by 36.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 28,900 shares of the technology company’s stock after selling 16,900 shares during the quarter. Bailard Inc.’s holdings in Pitney Bowes were worth $209,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Hestia Capital Management LLC bought a new position in shares of Pitney Bowes during the fourth quarter worth $114,326,000. JPMorgan Chase & Co. grew its stake in Pitney Bowes by 182.4% in the third quarter. JPMorgan Chase & Co. now owns 967,384 shares of the technology company’s stock valued at $6,897,000 after acquiring an additional 624,878 shares during the period. Assenagon Asset Management S.A. increased its holdings in shares of Pitney Bowes by 47.7% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,814,811 shares of the technology company’s stock worth $13,139,000 after acquiring an additional 586,249 shares in the last quarter. PEAK6 Investments LLC acquired a new stake in shares of Pitney Bowes during the third quarter worth about $3,470,000. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Pitney Bowes during the 3rd quarter valued at about $3,442,000. Institutional investors own 67.88% of the company’s stock.

Insider Transactions at Pitney Bowes

In related news, Director Kurt James Wolf sold 78,285 shares of the company’s stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $10.66, for a total transaction of $834,518.10. Following the sale, the director now owns 606,289 shares in the company, valued at approximately $6,463,040.74. This represents a 11.44 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Deborah Pfeiffer sold 35,000 shares of the stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $9.02, for a total value of $315,700.00. Following the transaction, the executive vice president now directly owns 124,124 shares of the company’s stock, valued at $1,119,598.48. This trade represents a 22.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,974,484 shares of company stock valued at $19,815,631 in the last ninety days. 14.30% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

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

Pitney Bowes Stock Up 0.7 %

Shares of NYSE:PBI opened at $10.05 on Thursday. The firm has a market cap of $1.84 billion, a price-to-earnings ratio of -8.97, a PEG ratio of 0.59 and a beta of 2.01. Pitney Bowes Inc. has a 12 month low of $3.90 and a 12 month high of $11.01. The company’s fifty day simple moving average is $8.72 and its 200 day simple moving average is $7.79.

Pitney Bowes (NYSE:PBI) last released its quarterly earnings results on Tuesday, February 11th. The technology company reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate 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%. Research analysts expect that Pitney Bowes Inc. will post 1.21 earnings per share for the current fiscal year.

Pitney Bowes Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Friday, February 21st will be given a dividend of $0.06 per share. The ex-dividend date of this dividend is Friday, February 21st. This represents a $0.24 dividend on an annualized basis and a yield of 2.39%. This is an increase from Pitney Bowes’s previous quarterly dividend of $0.05. Pitney Bowes’s dividend payout ratio is -21.43%.

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.