Pitney Bowes Inc. (NYSE:PBI) EVP Sells 35,000 Shares

Pitney Bowes Inc. (NYSE:PBI) EVP Deborah Pfeiffer sold 35,000 shares of the business’s stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $9.02, for a total value of $315,700.00. Following the completion of the transaction, the executive vice president now directly owns 124,124 shares in the company, valued at $1,119,598.48. The trade was a 22.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Pitney Bowes Stock Performance

Shares of PBI opened at $8.93 on Thursday. The company has a market cap of $1.62 billion, a price-to-earnings ratio of -4.10, a PEG ratio of 0.45 and a beta of 2.00. The stock has a fifty day moving average price of $7.67 and a two-hundred day moving average price of $7.22. Pitney Bowes Inc. has a 52-week low of $3.68 and a 52-week high of $9.29.

Pitney Bowes (NYSE:PBI) last issued its quarterly earnings results on Friday, November 8th. The technology company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.08. The business had revenue of $499.46 million for the quarter, compared to the consensus estimate of $467.80 million. Pitney Bowes had a negative net margin of 13.02% and a negative return on equity of 12.85%. As a group, research analysts predict that Pitney Bowes Inc. will post 0.38 EPS for the current fiscal year.

Pitney Bowes Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Monday, November 18th were given a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 2.24%. The ex-dividend date was Monday, November 18th. Pitney Bowes’s dividend payout ratio (DPR) is presently -9.17%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Point72 DIFC Ltd raised its position in shares of Pitney Bowes by 218.0% during the second quarter. Point72 DIFC Ltd now owns 11,405 shares of the technology company’s stock worth $58,000 after acquiring an additional 7,819 shares during the last quarter. Quarry LP raised its holdings in Pitney Bowes by 889.2% during the 3rd quarter. Quarry LP now owns 8,319 shares of the technology company’s stock worth $59,000 after purchasing an additional 7,478 shares during the last quarter. Truvestments Capital LLC acquired a new position in Pitney Bowes during the 3rd quarter valued at about $86,000. AQR Capital Management LLC bought a new position in shares of Pitney Bowes in the 2nd quarter valued at about $97,000. Finally, nVerses Capital LLC grew its position in shares of Pitney Bowes by 59.6% during the 3rd quarter. nVerses Capital LLC now owns 15,000 shares of the technology company’s stock worth $107,000 after buying an additional 5,600 shares during the period. Institutional investors and hedge funds own 67.88% of the company’s stock.

Pitney Bowes Company Profile

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.