---
title: "Capital Management Corp VA Decreases Holdings in Pitney Bowes Inc. (NYSE:PBI)"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/202420446.md"
description: "Capital Management Corp VA decreased its holdings in Pitney Bowes Inc. (NYSE:PBI) by 7.2% during the fourth quarter. The fund owned 4,210,320 shares of the technology company's stock after selling 329,105 shares. Pitney Bowes comprises approximately 3.6% of Capital Management Corp VA's holdings."
datetime: "2024-04-20T23:04:56.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/202420446.md)
  - [en](https://longbridge.com/en/news/202420446.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/202420446.md)
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/202420446.md) | [繁體中文](https://longbridge.com/zh-HK/news/202420446.md)


# 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

**Ad** Gold Safe Exchange

The “Perfect Storm” for Gold

Gold has already reached all-time highs, and experts believe it's not slowing down any time soon. In fact, some analysts predict a $7,000 price tag by 2025.

Click here now to download the free Precious Metals Buying Guide!

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.

## See Also

-   Five stocks we like better than Pitney Bowes
-   What is the Dow Jones Industrial Average (DJIA)?
-   MarketBeat Week in Review – 4/15 - 4/19
-   How to Calculate Inflation Rate
-   Comprehensive Analysis of PayPal Stock
-   3 Home Improvement Stocks that Can Upgrade Your Portfolio
-   Intuitive Surgical Stock Can Trend Much Higher This Year

_This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com._

→ The Hard Truth About Investing For Retirement (From Insiders Exposed) (Ad)
## Should you invest $1,000 in Pitney Bowes right now?

Before you consider Pitney Bowes, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Pitney Bowes wasn't on the list.

While Pitney Bowes currently has a "hold" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Beginner's Guide to Pot Stock Investing

Click the link below and we'll send you MarketBeat's guide to pot stock investing and which pot companies show the most promise.

Get This Free Report

### Related Stocks

- [Pitney Bowes Inc. (PBI.US)](https://longbridge.com/en/quote/PBI.US.md)

## Related News & Research

- [260,771 Shares in Pitney Bowes Inc. $PBI Bought by Ingalls & Snyder LLC](https://longbridge.com/en/news/276218447.md)
- [Hestia Capital Management LLC Sells 560,719 Shares of Pitney Bowes Inc. $PBI](https://longbridge.com/en/news/272895367.md)
- [Will New Analyst Coverage Reframe Pitney Bowes’ Turnaround Narrative and Capital Priorities (PBI)?](https://longbridge.com/en/news/269763522.md)
- [Pitney Bowes Inc. (NYSE:PBI) Receives Average Recommendation of "Hold" from Brokerages](https://longbridge.com/en/news/268631165.md)
- [Director Makes Bold Move with Major Pitney Bowes Stock Purchase](https://longbridge.com/en/news/264328096.md)