Teacher Retirement System of Texas Has $1.48 Million Holdings in Pitney Bowes Inc. (NYSE:PBI)

Teacher Retirement System of Texas boosted its holdings in shares of Pitney Bowes Inc. (NYSE:PBI - Free Report) by 15.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 204,196 shares of the technology company's stock after purchasing an additional 27,945 shares during the quarter. Teacher Retirement System of Texas owned about 0.11% of Pitney Bowes worth $1,478,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. James J. Burns & Company LLC boosted its position in shares of Pitney Bowes by 9.7% in the fourth quarter. James J. Burns & Company LLC now owns 18,587 shares of the technology company's stock valued at $135,000 after acquiring an additional 1,637 shares during the period. Envestnet Portfolio Solutions Inc. raised its stake in Pitney Bowes by 11.6% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 18,000 shares of the technology company's stock valued at $130,000 after purchasing an additional 1,878 shares during the last quarter. First Citizens Bank & Trust Co. boosted its holdings in Pitney Bowes by 10.8% in the 4th quarter. First Citizens Bank & Trust Co. now owns 20,677 shares of the technology company's stock valued at $150,000 after purchasing an additional 2,020 shares during the period. Smartleaf Asset Management LLC grew its position in Pitney Bowes by 130.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 5,078 shares of the technology company's stock worth $37,000 after purchasing an additional 2,873 shares during the last quarter. Finally, Westside Investment Management Inc. increased its holdings in shares of Pitney Bowes by 0.5% during the 4th quarter. Westside Investment Management Inc. now owns 625,939 shares of the technology company's stock worth $4,532,000 after purchasing an additional 3,100 shares during the period. Institutional investors and hedge funds own 67.88% of the company's stock.

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Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded Pitney Bowes from a "strong-buy" rating to a "buy" rating in a research report on Monday.

Insider Buying and Selling at Pitney Bowes

In other Pitney Bowes news, EVP James Arthur Fairweather sold 130,000 shares of the stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $10.83, for a total transaction of $1,407,900.00. Following the completion of the transaction, the executive vice president now directly owns 176,145 shares in the company, valued at $1,907,650.35. This represents a 42.46 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Kurt James Wolf sold 1,250,000 shares of the business's stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $9.66, for a total transaction of $12,075,000.00. Following the completion of the sale, the director now owns 622,250 shares in the company, valued at $6,010,935. This represents a 66.76 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,974,484 shares of company stock valued at $19,815,631. 14.30% of the stock is currently owned by corporate insiders.

Pitney Bowes Stock Performance

Shares of NYSE:PBI traded up $0.12 during trading on Wednesday, hitting $9.16. 1,620,446 shares of the stock were exchanged, compared to its average volume of 2,015,704. The company has a market capitalization of $1.67 billion, a price-to-earnings ratio of -8.18, a price-to-earnings-growth ratio of 0.59 and a beta of 2.02. Pitney Bowes Inc. has a 1-year low of $3.90 and a 1-year high of $11.01. The company's fifty day simple moving average is $9.56 and its 200-day simple moving average is $8.13.

Pitney Bowes (NYSE:PBI - Get Free Report) last announced its quarterly earnings results on Tuesday, February 11th. The technology company reported $0.32 earnings per share (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, research analysts forecast that Pitney Bowes Inc. will post 1.21 earnings per share for the current fiscal year.

Pitney Bowes Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Friday, February 21st were paid a dividend of $0.06 per share. This is a boost from Pitney Bowes's previous quarterly dividend of $0.05. The ex-dividend date of this dividend was Friday, February 21st. This represents a $0.24 dividend on an annualized basis and a yield of 2.62%. Pitney Bowes's dividend payout ratio (DPR) is currently -21.43%.

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.