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 the company's stock in a transaction dated Monday, July 14th. The stock was sold at an average price of $12.14, for a total value of $424,900.00. Following the sale, the executive vice president owned 115,405 shares in the company, valued at approximately $1,401,016.70. This trade represents a 23.27% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Pitney Bowes Stock Performance

Pitney Bowes stock traded up $0.24 during mid-day trading on Friday, reaching $12.01. 2,722,066 shares of the company were exchanged, compared to its average volume of 2,169,105. Pitney Bowes Inc. has a twelve month low of $5.58 and a twelve month high of $12.55. The firm's 50-day simple moving average is $10.51 and its two-hundred day simple moving average is $9.40. The firm has a market cap of $2.20 billion, a PE ratio of -13.20, a price-to-earnings-growth ratio of 0.63 and a beta of 1.60.

Pitney Bowes (NYSE:PBI - Get Free Report) last issued its earnings results on Wednesday, May 7th. The technology company reported $0.33 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.28 by $0.05. Pitney Bowes had a negative return on equity of 31.61% and a negative net margin of 7.18%. The business had revenue of $493.42 million during the quarter, compared to the consensus estimate of $498.99 million. During the same period in the prior year, the business posted ($0.01) EPS. The company's revenue for the quarter was down 5.3% on a year-over-year basis. As a group, equities research analysts anticipate that Pitney Bowes Inc. will post 1.21 EPS for the current year.

Pitney Bowes Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Monday, May 19th were given a dividend of $0.07 per share. This is an increase from Pitney Bowes's previous quarterly dividend of $0.06. The ex-dividend date was Monday, May 19th. This represents a $0.28 annualized dividend and a yield of 2.33%. Pitney Bowes's dividend payout ratio (DPR) is presently -30.77%.

Hedge Funds Weigh In On Pitney Bowes

Several hedge funds have recently bought and sold shares of PBI. PFG Investments LLC boosted its holdings in shares of Pitney Bowes by 14.6% during the first quarter. PFG Investments LLC now owns 12,884 shares of the technology company's stock worth $117,000 after purchasing an additional 1,644 shares during the last quarter. Envestnet Portfolio Solutions Inc. boosted its holdings in shares of Pitney Bowes by 11.6% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 18,000 shares of the technology company's stock worth $130,000 after purchasing an additional 1,878 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Pitney Bowes by 16.0% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 15,896 shares of the technology company's stock worth $182,000 after purchasing an additional 2,194 shares during the last quarter. Federated Hermes Inc. boosted its holdings in shares of Pitney Bowes by 2.7% during the fourth quarter. Federated Hermes Inc. now owns 102,197 shares of the technology company's stock worth $740,000 after purchasing an additional 2,711 shares during the last quarter. Finally, Bank of Montreal Can boosted its holdings in shares of Pitney Bowes by 8.6% during the fourth quarter. Bank of Montreal Can now owns 37,259 shares of the technology company's stock worth $270,000 after purchasing an additional 2,962 shares during the last quarter. Hedge funds and other institutional investors own 67.88% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on PBI shares. Wall Street Zen cut Pitney Bowes from a "strong-buy" rating to a "buy" rating in a research report on Thursday, May 15th. Sidoti raised Pitney Bowes to a "hold" rating in a research report on Monday, May 5th.

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.