Capula Management Ltd Trims Position in Pitney Bowes Inc. (NYSE:PBI)

Capula Management Ltd cut its holdings in shares of Pitney Bowes Inc. (NYSE:PBI - Free Report) by 73.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 39,246 shares of the technology company's stock after selling 110,405 shares during the quarter. Capula Management Ltd's holdings in Pitney Bowes were worth $284,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of PBI. Meeder Asset Management Inc. acquired a new position in Pitney Bowes in the 4th quarter valued at about $31,000. Smartleaf Asset Management LLC grew its holdings in shares of 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 in the last quarter. Quarry LP increased its position 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 acquiring an additional 7,478 shares during the period. Xponance Inc. boosted its holdings in Pitney Bowes by 36.7% in the fourth quarter. Xponance Inc. now owns 14,283 shares of the technology company's stock valued at $103,000 after purchasing an additional 3,837 shares during the period. Finally, Cibc World Markets Corp purchased a new stake in shares of Pitney Bowes during the fourth quarter worth approximately $110,000. Hedge funds and other institutional investors own 67.88% of the company's stock.

Pitney Bowes Trading Up 1.0 %

Shares of NYSE PBI traded up $0.08 during midday trading on Monday, reaching $8.12. 477,814 shares of the company were exchanged, compared to its average volume of 2,473,241. The stock has a fifty day simple moving average of $9.43 and a 200 day simple moving average of $8.20. Pitney Bowes Inc. has a 1 year low of $3.92 and a 1 year high of $11.01. The stock has a market cap of $1.49 billion, a P/E ratio of -7.25, a PEG ratio of 0.59 and a beta of 1.89.

Pitney Bowes (NYSE:PBI - Get Free Report) last released its earnings results on Tuesday, February 11th. The technology company reported $0.32 earnings per share (EPS) for the quarter, topping 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%. As a group, analysts forecast that Pitney Bowes Inc. will post 1.21 earnings per share for the current year.

Pitney Bowes Increases Dividend

The business also recently disclosed 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. The ex-dividend date was Friday, February 21st. This represents a $0.24 dividend on an annualized basis and a yield of 2.96%. This is an increase from Pitney Bowes's previous quarterly dividend of $0.05. Pitney Bowes's payout ratio is currently -21.43%.

Insiders Place Their Bets

In related news, Director Kurt James Wolf sold 78,285 shares of the stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $10.66, for a total value of $834,518.10. Following the sale, the director now directly owns 606,289 shares of the company's stock, valued at approximately $6,463,040.74. This represents a 11.44 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Deborah Pfeiffer sold 35,000 shares of the firm's stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $9.02, for a total transaction of $315,700.00. Following the transaction, the executive vice president now 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. Over the last three months, insiders have sold 1,974,484 shares of company stock worth $19,815,631. 14.30% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of Pitney Bowes from a "strong-buy" rating to a "buy" rating in a research note on Monday, March 31st.

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.