Two Sigma Advisers LP raised its holdings in Pitney Bowes (NYSE:PBI) by 24.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,502,957 shares of the technology company’s stock after acquiring an additional 298,600 shares during the period. Two Sigma Advisers LP owned approximately 0.80% of Pitney Bowes worth $16,803,000 at the end of the most recent quarter.
Several other institutional investors have also recently bought and sold shares of the company. Stone Ridge Asset Management LLC purchased a new stake in shares of Pitney Bowes in the 4th quarter valued at approximately $643,000. AMP Capital Investors Ltd grew its stake in shares of Pitney Bowes by 293.3% in the 4th quarter. AMP Capital Investors Ltd now owns 239,700 shares of the technology company’s stock valued at $2,680,000 after buying an additional 178,749 shares during the period. Caption Management LLC purchased a new stake in shares of Pitney Bowes in the 4th quarter valued at approximately $559,000. AXA purchased a new stake in shares of Pitney Bowes in the 4th quarter valued at approximately $306,000. Finally, WINTON GROUP Ltd grew its stake in shares of Pitney Bowes by 123.5% in the 4th quarter. WINTON GROUP Ltd now owns 160,126 shares of the technology company’s stock valued at $1,790,000 after buying an additional 88,489 shares during the period. 75.60% of the stock is owned by institutional investors and hedge funds.
Pitney Bowes stock opened at $12.24 on Thursday. The company has a current ratio of 1.28, a quick ratio of 1.24 and a debt-to-equity ratio of 18.92. The firm has a market cap of $2,261.90, a P/E ratio of 8.53 and a beta of 1.12. Pitney Bowes has a 1 year low of $9.50 and a 1 year high of $16.25.
The business also recently disclosed a quarterly dividend, which was paid on Monday, March 12th. Investors of record on Friday, February 16th were given a dividend of $0.1875 per share. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $0.75 dividend on an annualized basis and a dividend yield of 6.13%. Pitney Bowes’s payout ratio is currently 53.57%.
Several analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Pitney Bowes from a “strong sell” rating to a “hold” rating in a research note on Monday, January 8th. ValuEngine cut shares of Pitney Bowes from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the stock. Pitney Bowes presently has a consensus rating of “Hold” and an average target price of $14.50.
About Pitney Bowes
Pitney Bowes Inc offers customer information management, location intelligence, and customer engagement products and solutions in the United States and internationally. The company operates in three segments: Small & Medium Business Solutions; Enterprise Business Solutions; and Digital Commerce Solutions.
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