Clifford Capital Partners LLC Has $19.49 Million Stock Holdings in Pitney Bowes Inc. (NYSE:PBI)

Clifford Capital Partners LLC decreased its stake in Pitney Bowes Inc. (NYSE:PBI - Free Report) by 25.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,734,111 shares of the technology company's stock after selling 930,972 shares during the period. Pitney Bowes accounts for 3.9% of Clifford Capital Partners LLC's investment portfolio, making the stock its 4th largest holding. Clifford Capital Partners LLC owned about 1.50% of Pitney Bowes worth $19,494,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of PBI. nVerses Capital LLC acquired a new position in shares of Pitney Bowes in the 2nd quarter valued at $48,000. Point72 DIFC Ltd raised 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 buying an additional 7,819 shares during the last quarter. Envestnet Portfolio Solutions Inc. raised its position in Pitney Bowes by 15.6% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 15,189 shares of the technology company's stock worth $77,000 after buying an additional 2,054 shares during the last quarter. Fifth Third Bancorp increased its holdings in shares of Pitney Bowes by 3,412.2% in the 2nd quarter. Fifth Third Bancorp now owns 16,648 shares of the technology company's stock valued at $85,000 after purchasing an additional 16,174 shares in the last quarter. Finally, Truvestments Capital LLC purchased a new position in shares of Pitney Bowes in the 3rd quarter valued at about $86,000. Institutional investors and hedge funds own 67.88% of the company's stock.

Pitney Bowes Stock Performance

NYSE:PBI traded down $0.06 during mid-day trading on Wednesday, hitting $8.14. 1,005,688 shares of the company's stock traded hands, compared to its average volume of 1,755,950. The firm's 50 day simple moving average is $7.27 and its 200 day simple moving average is $6.51. Pitney Bowes Inc. has a 1 year low of $3.68 and a 1 year high of $8.80. The company has a market cap of $1.48 billion, a PE ratio of -3.76, a price-to-earnings-growth ratio of 1.43 and a beta of 1.97.

Pitney Bowes (NYSE:PBI - Get Free Report) last released its quarterly earnings results on Friday, November 8th. The technology company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.08. Pitney Bowes had a negative net margin of 13.02% and a negative return on equity of 12.85%. The company had revenue of $499.46 million for the quarter, compared to analysts' expectations of $467.80 million. On average, research analysts expect that Pitney Bowes Inc. will post 0.38 earnings per share for the current fiscal year.

Pitney Bowes Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Monday, November 18th will be paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Monday, November 18th. This represents a $0.20 annualized dividend and a yield of 2.46%. Pitney Bowes's dividend payout ratio is currently -9.17%.

Insiders Place Their Bets

In other news, Director Paul J. Evans bought 29,000 shares of Pitney Bowes stock in a transaction dated Wednesday, November 20th. The shares were acquired at an average cost of $7.80 per share, with a total value of $226,200.00. Following the completion of the transaction, the director now owns 29,000 shares in the company, valued at approximately $226,200. This trade represents a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 14.30% of the stock is owned by insiders.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of Pitney Bowes from a "strong-buy" rating to a "buy" rating in a report on Wednesday, August 21st.

About Pitney Bowes

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.