Pitney Bowes Inc. (NYSE:PBI - Get Free Report) EVP Lauren Freemen-Bosworth sold 42,308 shares of the business's stock in a transaction on Friday, November 29th. The shares were sold at an average price of $8.12, for a total value of $343,540.96. Following the sale, the executive vice president now owns 18,664 shares in the company, valued at approximately $151,551.68. The trade was a 69.39 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Pitney Bowes Stock Performance
Shares of PBI stock opened at $7.80 on Wednesday. The company has a market capitalization of $1.42 billion, a PE ratio of -3.58, a price-to-earnings-growth ratio of 1.41 and a beta of 1.97. Pitney Bowes Inc. has a 52-week low of $3.68 and a 52-week high of $8.80. The business's fifty day moving average is $7.37 and its 200 day moving average is $6.60.
Pitney Bowes (NYSE:PBI - Get Free Report) last issued its quarterly earnings results on Friday, November 8th. The technology company reported $0.21 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.13 by $0.08. The firm had revenue of $499.46 million during the quarter, compared to the consensus estimate of $467.80 million. Pitney Bowes had a negative return on equity of 12.85% and a negative net margin of 13.02%. On average, sell-side analysts forecast that Pitney Bowes Inc. will post 0.38 EPS for the current fiscal year.
Pitney Bowes Announces Dividend
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The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Monday, November 18th will be given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 2.56%. The ex-dividend date of this dividend is Monday, November 18th. Pitney Bowes's dividend payout ratio (DPR) is currently -9.17%.
Institutional Trading of Pitney Bowes
A number of hedge funds have recently made changes to their positions in the stock. Price T Rowe Associates Inc. MD lifted its stake in Pitney Bowes by 3.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 220,888 shares of the technology company's stock worth $957,000 after purchasing an additional 8,305 shares during the last quarter. B. Riley Wealth Advisors Inc. grew its position in Pitney Bowes by 10.3% during the first quarter. B. Riley Wealth Advisors Inc. now owns 98,956 shares of the technology company's stock valued at $428,000 after acquiring an additional 9,222 shares during the last quarter. Tidal Investments LLC purchased a new position in shares of Pitney Bowes during the first quarter worth approximately $764,000. SG Americas Securities LLC lifted its holdings in shares of Pitney Bowes by 89.7% in the 2nd quarter. SG Americas Securities LLC now owns 45,657 shares of the technology company's stock worth $232,000 after acquiring an additional 21,594 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. boosted its stake in shares of Pitney Bowes by 15.6% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 15,189 shares of the technology company's stock valued at $77,000 after purchasing an additional 2,054 shares in the last quarter. 67.88% of the stock is owned by institutional investors.
Analysts Set New Price Targets
Separately, StockNews.com lowered shares of Pitney Bowes from a "strong-buy" rating to a "buy" rating in a report on Wednesday, August 21st.
View Our Latest Report on PBI
Pitney Bowes Company Profile
(
Get 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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