Amundi Has $695,000 Stock Holdings in Pitney Bowes Inc. (NYSE:PBI)

Amundi raised its position in shares of Pitney Bowes Inc. (NYSE:PBI - Free Report) by 214.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 95,718 shares of the technology company's stock after purchasing an additional 65,253 shares during the period. Amundi owned 0.05% of Pitney Bowes worth $695,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in PBI. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Pitney Bowes in the 3rd quarter worth approximately $3,442,000. Intech Investment Management LLC lifted its stake in shares of Pitney Bowes by 39.2% in the 3rd quarter. Intech Investment Management LLC now owns 88,639 shares of the technology company's stock worth $632,000 after acquiring an additional 24,952 shares during the period. Algert Global LLC lifted 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 worth $2,459,000 after acquiring an additional 149,944 shares during the period. Pekin Hardy Strauss Inc. acquired a new stake in shares of Pitney Bowes in the 3rd quarter worth approximately $636,000. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in shares of Pitney Bowes in the 3rd quarter worth approximately $197,000. 67.88% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Pitney Bowes

In other news, EVP Deborah Pfeiffer sold 35,000 shares of the business's stock in a transaction that occurred 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 owns 124,124 shares in the company, valued at $1,119,598.48. The trade was a 22.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Kurt James Wolf sold 481,199 shares of the business's stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $10.77, for a total transaction of $5,182,513.23. Following the sale, the director now owns 584,636 shares in the company, valued at $6,296,529.72. This represents a 45.15 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,974,484 shares of company stock valued at $19,815,631 over the last ninety days. Insiders own 14.30% of the company's stock.

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Pitney Bowes Trading Down 0.8 %

PBI stock traded down $0.08 on Friday, hitting $9.37. 4,152,408 shares of the company's stock traded hands, compared to its average volume of 1,908,636. Pitney Bowes Inc. has a 1-year low of $3.90 and a 1-year high of $11.01. The stock has a market cap of $1.71 billion, a price-to-earnings ratio of -8.36, a P/E/G ratio of 0.59 and a beta of 2.02. The stock has a fifty day moving average of $9.22 and a 200-day moving average of $7.97.

Pitney Bowes (NYSE:PBI - Get Free Report) last released its earnings results on Tuesday, February 11th. The technology company reported $0.32 EPS for the quarter, beating the consensus estimate 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%. On average, equities research analysts anticipate that Pitney Bowes Inc. will post 1.21 earnings per share for the current fiscal year.

Pitney Bowes Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Friday, February 21st will be paid a dividend of $0.06 per share. The ex-dividend date is 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 yield of 2.56%. Pitney Bowes's dividend payout ratio is currently -21.43%.

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 note on Monday, March 3rd.

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.