Deborah Pfeiffer Sells 35,000 Shares of Pitney Bowes Inc. (NYSE:PBI) Stock

Pitney Bowes Inc. (NYSE:PBI - Get Free Report) EVP Deborah Pfeiffer sold 35,000 shares of Pitney Bowes stock in a transaction dated Monday, July 14th. The stock was sold at an average price of $12.14, for a total transaction of $424,900.00. Following the completion of the sale, the executive vice president owned 115,405 shares of the company's stock, valued at $1,401,016.70. This trade represents a 23.27% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Pitney Bowes Stock Performance

Shares of NYSE:PBI traded up $0.24 during trading on Friday, reaching $12.01. The stock had a trading volume of 2,722,066 shares, compared to its average volume of 2,169,105. The firm's fifty day moving average is $10.51 and its 200 day moving average is $9.40. Pitney Bowes Inc. has a 52 week low of $5.58 and a 52 week high of $12.55. The stock has a market cap of $2.20 billion, a price-to-earnings ratio of -13.20, a P/E/G ratio of 0.63 and a beta of 1.60.

Pitney Bowes (NYSE:PBI - Get Free Report) last released its earnings results on Wednesday, May 7th. The technology company reported $0.33 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.28 by $0.05. Pitney Bowes had a negative net margin of 7.18% and a negative return on equity of 31.61%. The company had revenue of $493.42 million for the quarter, compared to the consensus estimate of $498.99 million. During the same quarter in the previous year, the company earned ($0.01) EPS. Pitney Bowes's quarterly revenue was down 5.3% compared to the same quarter last year. On average, research analysts forecast that Pitney Bowes Inc. will post 1.21 earnings per share for the current fiscal year.

Pitney Bowes Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Monday, May 19th were issued a $0.07 dividend. The ex-dividend date was Monday, May 19th. This represents a $0.28 annualized dividend and a dividend yield of 2.33%. This is an increase from Pitney Bowes's previous quarterly dividend of $0.06. Pitney Bowes's dividend payout ratio is currently -30.77%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Sidoti upgraded shares of Pitney Bowes to a "hold" rating in a research report on Monday, May 5th. Wall Street Zen lowered shares of Pitney Bowes from a "strong-buy" rating to a "buy" rating in a report on Thursday, May 15th.

Institutional Trading of Pitney Bowes

Several institutional investors and hedge funds have recently made changes to their positions in the company. Meeder Asset Management Inc. bought a new position in Pitney Bowes during the fourth quarter valued at about $31,000. Quantbot Technologies LP bought a new position in Pitney Bowes during the first quarter valued at about $36,000. KBC Group NV bought a new position in Pitney Bowes during the first quarter valued at about $65,000. United Services Automobile Association bought a new position in Pitney Bowes during the first quarter valued at about $96,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Pitney Bowes during the first quarter valued at about $98,000. Hedge funds and other institutional investors own 67.88% of the company's stock.

About Pitney Bowes

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.