Capital Management Corp VA Decreases Holdings in Pitney Bowes Inc. (NYSE:PBI)

Capital Management Corp VA trimmed its position in Pitney Bowes Inc. (NYSE:PBI - Free Report) by 7.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 4,210,320 shares of the technology company's stock after selling 329,105 shares during the period. Pitney Bowes comprises approximately 3.6% of Capital Management Corp VA's holdings, making the stock its 7th largest holding. Capital Management Corp VA owned about 2.39% of Pitney Bowes worth $18,525,000 at the end of the most recent reporting period.

• Pitney Bowes Stock is a Rebound Play

Other hedge funds have also recently bought and sold shares of the company. Goldman Sachs Group Inc. lifted its stake in shares of Pitney Bowes by 40.0% in the 2nd quarter. Goldman Sachs Group Inc. now owns 5,986,689 shares of the technology company's stock valued at $21,672,000 after purchasing an additional 1,711,020 shares during the period. Assenagon Asset Management S.A. lifted its stake in shares of Pitney Bowes by 164.9% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,738,793 shares of the technology company's stock valued at $7,651,000 after purchasing an additional 1,082,506 shares during the period. Clifford Capital Partners LLC lifted its stake in shares of Pitney Bowes by 27.0% in the 3rd quarter. Clifford Capital Partners LLC now owns 4,428,463 shares of the technology company's stock valued at $13,374,000 after purchasing an additional 940,595 shares during the period. Renaissance Technologies LLC lifted its stake in shares of Pitney Bowes by 90.3% in the 1st quarter. Renaissance Technologies LLC now owns 1,769,600 shares of the technology company's stock valued at $9,202,000 after purchasing an additional 839,836 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Pitney Bowes by 39.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,632,242 shares of the technology company's stock valued at $10,238,000 after purchasing an additional 738,936 shares during the period. 67.88% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded Pitney Bowes from a "buy" rating to a "hold" rating in a research note on Monday, February 5th.

• Pitney Bowes NYSE: PBI is Surging, Is it Too Risky?

Read Our Latest Stock Analysis on Pitney Bowes

Pitney Bowes Stock Down 1.0 %

Pitney Bowes stock traded down $0.04 during mid-day trading on Friday, hitting $3.99. 1,016,283 shares of the company's stock were exchanged, compared to its average volume of 1,164,859. The firm has a market capitalization of $708.90 million, a P/E ratio of -1.82, a PEG ratio of 26.87 and a beta of 2.16. Pitney Bowes Inc. has a fifty-two week low of $2.80 and a fifty-two week high of $4.58. The company's 50 day simple moving average is $4.09 and its 200-day simple moving average is $4.02.

Pitney Bowes (NYSE:PBI - Get Free Report) last issued its quarterly earnings data on Thursday, February 1st. The technology company reported $0.07 EPS for the quarter, topping the consensus estimate of $0.02 by $0.05. The business had revenue of $871.58 million for the quarter, compared to the consensus estimate of $849.85 million. Pitney Bowes had a negative return on equity of 4.75% and a negative net margin of 11.81%. The firm's revenue was down 4.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.06 EPS. Research analysts expect that Pitney Bowes Inc. will post 0.01 EPS for the current year.

Pitney Bowes Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 14th. Shareholders of record on Friday, February 9th were paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 5.01%. The ex-dividend date was Thursday, February 8th. Pitney Bowes's dividend payout ratio is -9.13%.

About Pitney Bowes

(Free Report)

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.

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