Pitney Bowes Inc. (NYSE:PBI - Get Free Report) EVP Lauren Freemen-Bosworth sold 2,045 shares of the firm's stock in a transaction that occurred on Wednesday, April 23rd. The stock was sold at an average price of $8.40, for a total value of $17,178.00. Following the sale, the executive vice president now directly owns 23,360 shares of the company's stock, valued at $196,224. This represents a 8.05 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Pitney Bowes Trading Up 1.7 %
PBI opened at $8.45 on Friday. The company has a fifty day moving average price of $9.20 and a two-hundred day moving average price of $8.25. Pitney Bowes Inc. has a 1-year low of $4.07 and a 1-year high of $11.01. The company has a market cap of $1.55 billion, a P/E ratio of -7.54, a price-to-earnings-growth ratio of 0.59 and a beta of 1.89.
Pitney Bowes (NYSE:PBI - Get Free Report) last issued its earnings results on Tuesday, February 11th. The technology company reported $0.32 EPS for the quarter, beating analysts' consensus estimates of $0.16 by $0.16. Pitney Bowes had a negative return on equity of 20.95% and a negative net margin of 7.71%. On average, research analysts forecast that Pitney Bowes Inc. will post 1.21 EPS for the current fiscal year.
Pitney Bowes Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Friday, February 21st were given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 2.84%. This is a positive change from Pitney Bowes's previous quarterly dividend of $0.05. The ex-dividend date of this dividend was Friday, February 21st. Pitney Bowes's dividend payout ratio is presently -21.43%.
Wall Street Analyst Weigh In
Separately, StockNews.com downgraded shares of Pitney Bowes from a "strong-buy" rating to a "buy" rating in a research report on Monday, March 31st.
View Our Latest Research Report on Pitney Bowes
Institutional Trading of Pitney Bowes
Several hedge funds have recently bought and sold shares of PBI. Meeder Asset Management Inc. acquired a new position in Pitney Bowes during the fourth quarter worth $31,000. Smartleaf Asset Management LLC increased its position in shares of Pitney Bowes by 130.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 5,078 shares of the technology company's stock worth $37,000 after acquiring an additional 2,873 shares in the last quarter. PFG Investments LLC raised its holdings in shares of Pitney Bowes by 14.6% in the 1st quarter. PFG Investments LLC now owns 12,884 shares of the technology company's stock worth $117,000 after acquiring an additional 1,644 shares during the last quarter. Wealth Enhancement Advisory Services LLC bought a new position in Pitney Bowes in the 1st quarter valued at about $124,000. Finally, Xponance Inc. boosted its stake in Pitney Bowes by 36.7% during the 4th quarter. Xponance Inc. now owns 14,283 shares of the technology company's stock valued at $103,000 after purchasing an additional 3,837 shares during the last quarter. Institutional investors and hedge funds own 67.88% of the company's stock.
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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