Pitney Bowes Sees Unusually Large Options Volume (NYSE:PBI)

Pitney Bowes Inc. (NYSE:PBI) was the target of unusually large options trading activity on Wednesday. Investors acquired 15,709 call options on the company. This is an increase of approximately 252% compared to the average daily volume of 4,464 call options.

Pitney Bowes Stock Performance

Shares of Pitney Bowes stock opened at $9.73 on Thursday. The stock has a market capitalization of $1.77 billion, a PE ratio of -4.46, a price-to-earnings-growth ratio of 0.52 and a beta of 2.01. Pitney Bowes has a 52 week low of $3.73 and a 52 week high of $9.95. The stock has a 50 day moving average price of $7.80 and a two-hundred day moving average price of $7.35.

Pitney Bowes (NYSE:PBI) last released its quarterly earnings data on Tuesday, February 11th. The technology company reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.16. Pitney Bowes had a negative net margin of 13.02% and a negative return on equity of 12.85%. Research analysts forecast that Pitney Bowes will post 0.4 EPS for the current year.

Insider Buying and Selling

In other Pitney Bowes news, Director Paul J. Evans purchased 29,000 shares of the company’s stock in a transaction on Wednesday, November 20th. The shares were purchased at an average cost of $7.80 per share, with a total value of $226,200.00. Following the completion of the purchase, the director now owns 29,000 shares in the company, valued at $226,200. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Deborah Pfeiffer sold 35,000 shares of the 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 transaction, the executive vice president now 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 disclosure for this sale can be found here. 14.30% of the stock is owned by insiders.

Hedge Funds Weigh In On Pitney Bowes

Hedge funds have recently added to or reduced their stakes in the stock. James J. Burns & Company LLC lifted its holdings in shares of Pitney Bowes by 9.7% in the fourth quarter. James J. Burns & Company LLC now owns 18,587 shares of the technology company’s stock valued at $135,000 after purchasing an additional 1,637 shares in the last quarter. Envestnet Portfolio Solutions Inc. lifted its stake in Pitney Bowes by 11.6% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 18,000 shares of the technology company’s stock valued at $130,000 after acquiring an additional 1,878 shares in the last quarter. First Citizens Bank & Trust Co. boosted its holdings in Pitney Bowes by 10.8% during the 4th quarter. First Citizens Bank & Trust Co. now owns 20,677 shares of the technology company’s stock worth $150,000 after acquiring an additional 2,020 shares during the last quarter. Smartleaf Asset Management LLC grew its stake in shares of Pitney Bowes by 130.3% in the 4th 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. Finally, Westside Investment Management Inc. raised its holdings in shares of Pitney Bowes by 0.5% in the fourth quarter. Westside Investment Management Inc. now owns 625,939 shares of the technology company’s stock valued at $4,532,000 after purchasing an additional 3,100 shares during the last quarter. 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.