Public Employees Retirement System of Ohio Sells 1,626 Shares of Pitney Bowes Inc. (NYSE:PBI)

Public Employees Retirement System of Ohio reduced its holdings in Pitney Bowes Inc. (NYSE:PBI) by 16.8% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 8,046 shares of the technology company’s stock after selling 1,626 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Pitney Bowes were worth $57,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. XTX Topco Ltd grew its position in shares of Pitney Bowes by 210.1% during the 3rd quarter. XTX Topco Ltd now owns 77,836 shares of the technology company’s stock worth $555,000 after buying an additional 52,733 shares during the period. Quarry LP boosted its stake in 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 in the last quarter. Petrus Trust Company LTA grew its holdings in Pitney Bowes by 224.0% in the third quarter. Petrus Trust Company LTA now owns 109,921 shares of the technology company’s stock worth $784,000 after purchasing an additional 75,992 shares during the period. Centiva Capital LP acquired a new stake in Pitney Bowes in the third quarter worth $213,000. Finally, Point72 Asia Singapore Pte. Ltd. increased its stake 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 in the last quarter. 67.88% of the stock is owned by institutional investors and hedge funds.

Pitney Bowes Trading Up 1.1 %

Shares of NYSE PBI opened at $7.23 on Monday. The firm’s 50-day moving average price is $7.56 and its 200-day moving average price is $6.83. The firm has a market capitalization of $1.31 billion, a P/E ratio of -3.32, a P/E/G ratio of 1.35 and a beta of 1.97. Pitney Bowes Inc. has a 1-year low of $3.68 and a 1-year high of $8.80.

Pitney Bowes (NYSE:PBI) last posted its quarterly 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. Pitney Bowes had a negative return on equity of 12.85% and a negative net margin of 13.02%. The business had revenue of $499.46 million for the quarter, compared to the consensus estimate of $467.80 million. Equities research analysts forecast that Pitney Bowes Inc. will post 0.38 EPS for the current year.

Pitney Bowes Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Monday, November 18th were issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.77%. The ex-dividend date of this dividend was Monday, November 18th. Pitney Bowes’s dividend payout ratio is currently -9.17%.

Insider Activity at Pitney Bowes

In other news, EVP Lauren Freemen-Bosworth sold 42,308 shares of the firm’s 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 transaction, the executive vice president now owns 18,664 shares in the company, valued at $151,551.68. This trade represents a 69.39 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Paul J. Evans purchased 29,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The shares were bought at an average price of $7.80 per share, with a total value of $226,200.00. Following the acquisition, the director now directly owns 29,000 shares of the company’s stock, valued at $226,200. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. 14.30% of the stock is currently owned by insiders.

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.