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

Bailard Inc. trimmed its position in Pitney Bowes Inc. (NYSE:PBI) by 36.9% during the fourth quarter, according to the company in its most recent 13F filing 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 hedge funds have also bought and sold shares of the company. Smartleaf Asset Management LLC increased its position in Pitney Bowes by 130.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 5,078 shares of the technology company’s stock worth $37,000 after buying an additional 2,873 shares during the last quarter. Quarry LP increased its holdings in shares of 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 acquiring an additional 7,478 shares during the last quarter. Truvestments Capital LLC bought a new stake in Pitney Bowes in the 3rd quarter valued at $86,000. Point72 Asia Singapore Pte. Ltd. lifted its holdings in Pitney Bowes by 101.3% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 16,340 shares of the technology company’s stock valued at $117,000 after purchasing an additional 8,221 shares during the last quarter. Finally, James J. Burns & Company LLC boosted 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 purchasing an additional 1,637 shares during the period. 67.88% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Insider Activity at Pitney Bowes

In other Pitney Bowes news, Director Kurt James Wolf sold 481,199 shares of the business’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $10.77, for a total value of $5,182,513.23. Following the completion of the sale, the director now owns 584,636 shares of the company’s stock, valued at $6,296,529.72. The trade was a 45.15 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Deborah Pfeiffer sold 35,000 shares of the firm’s stock in a transaction that occurred on 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 in the company, valued at $1,119,598.48. This represents a 22.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,974,484 shares of company stock worth $19,815,631. Corporate insiders own 14.30% of the company’s stock.

Pitney Bowes Stock Up 0.7 %

Shares of PBI stock opened at $10.05 on Thursday. 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 $1.84 billion, a PE ratio of -8.97, a price-to-earnings-growth ratio of 0.59 and a beta of 2.01. The firm has a 50 day moving average price of $8.72 and a two-hundred day moving average price of $7.79.

Pitney Bowes (NYSE:PBI) last announced 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 expect that Pitney Bowes Inc. will post 1.21 EPS for the current year.

Pitney Bowes Increases Dividend

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

Pitney Bowes 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.