Barclays PLC Purchases 207,838 Shares of Pitney Bowes Inc. (NYSE:PBI)

Barclays PLC increased its holdings in shares of Pitney Bowes Inc. (NYSE:PBI - Free Report) by 298.5% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 277,469 shares of the technology company's stock after buying an additional 207,838 shares during the quarter. Barclays PLC owned 0.15% of Pitney Bowes worth $1,977,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Quarry LP grew its stake in shares of Pitney Bowes by 889.2% during the third quarter. Quarry LP now owns 8,319 shares of the technology company's stock worth $59,000 after buying an additional 7,478 shares during the last quarter. nVerses Capital LLC acquired a new stake in shares of Pitney Bowes during the 2nd quarter valued at $48,000. Point72 DIFC Ltd grew its position in Pitney Bowes by 218.0% during the 2nd quarter. Point72 DIFC Ltd now owns 11,405 shares of the technology company's stock worth $58,000 after acquiring an additional 7,819 shares during the last quarter. Truvestments Capital LLC acquired a new position in Pitney Bowes in the 3rd quarter worth about $86,000. Finally, Point72 Asia Singapore Pte. Ltd. raised its position in Pitney Bowes by 101.3% in the third 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. 67.88% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Paul J. Evans acquired 29,000 shares of the firm's stock in a transaction on Wednesday, November 20th. The stock was purchased at an average cost of $7.80 per share, with a total value of $226,200.00. Following the acquisition, the director now owns 29,000 shares of the company's stock, valued at approximately $226,200. This trade represents a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Lauren Freemen-Bosworth sold 42,308 shares of the stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $8.12, for a total value of $343,540.96. Following the completion of the sale, the executive vice president now directly owns 18,664 shares of the company's stock, valued at approximately $151,551.68. This trade represents a 69.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 14.30% of the company's stock.

Pitney Bowes Stock Performance

Shares of NYSE:PBI traded down $0.04 during midday trading on Friday, hitting $7.29. 2,001,037 shares of the stock were exchanged, compared to its average volume of 1,768,792. The business's 50-day moving average price is $7.59 and its 200 day moving average price is $6.86. Pitney Bowes Inc. has a 12 month low of $3.68 and a 12 month high of $8.80. The stock has a market capitalization of $1.32 billion, a price-to-earnings ratio of -3.34, a P/E/G ratio of 1.35 and a beta of 1.97.

Pitney Bowes (NYSE:PBI - Get Free Report) last posted its earnings results on Friday, November 8th. The technology company reported $0.21 earnings per share for the quarter, topping analysts' consensus estimates of $0.13 by $0.08. The firm had revenue of $499.46 million for the quarter, compared to analyst estimates of $467.80 million. 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 expect that Pitney Bowes Inc. will post 0.38 EPS for the current year.

Pitney Bowes Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Monday, November 18th were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.74%. The ex-dividend date was Monday, November 18th. Pitney Bowes's dividend payout ratio is -9.17%.

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.