Pitney Bowes Inc. (NYSE:PBI - Get Free Report) was the recipient of some unusual options trading on Monday. Traders purchased 11,740 call options on the company. This is an increase of approximately 306% compared to the average daily volume of 2,889 call options.
Pitney Bowes Stock Performance
Shares of NYSE:PBI traded up $0.09 during trading on Thursday, hitting $11.79. The company's stock had a trading volume of 2,587,027 shares, compared to its average volume of 2,167,565. Pitney Bowes has a fifty-two week low of $5.58 and a fifty-two week high of $12.55. The stock's 50-day moving average price is $10.41 and its two-hundred day moving average price is $9.34. The company has a market capitalization of $2.16 billion, a PE ratio of -12.95, a PEG ratio of 0.62 and a beta of 1.60.
Pitney Bowes (NYSE:PBI - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The technology company reported $0.33 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts' expectations of $498.99 million. During the same quarter in the previous year, the firm posted ($0.01) earnings per share. The company's revenue was down 5.3% compared to the same quarter last year. On average, equities analysts predict that Pitney Bowes will post 1.21 earnings per share for the current fiscal year.
Pitney Bowes Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Monday, May 19th were paid a dividend of $0.07 per share. The ex-dividend date was Monday, May 19th. This represents a $0.28 annualized dividend and a yield of 2.38%. This is a boost from Pitney Bowes's previous quarterly dividend of $0.06. Pitney Bowes's dividend payout ratio is presently -30.77%.
Insider Transactions at Pitney Bowes
In other Pitney Bowes news, EVP Deborah Pfeiffer sold 35,000 shares of the business's 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 approximately $1,401,016.70. The trade was a 23.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 9.00% of the company's stock.
Institutional Trading of Pitney Bowes
Several institutional investors and hedge funds have recently bought and sold shares of PBI. Meeder Asset Management Inc. acquired a new stake in Pitney Bowes during the fourth quarter valued at approximately $31,000. Quantbot Technologies LP acquired a new stake in shares of Pitney Bowes during the 1st quarter worth approximately $36,000. KBC Group NV acquired a new stake in shares of Pitney Bowes during the 1st quarter worth approximately $65,000. United Services Automobile Association acquired a new stake in shares of Pitney Bowes during the 1st quarter worth approximately $96,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Pitney Bowes during the 1st quarter worth approximately $98,000. Institutional investors and hedge funds own 67.88% of the company's stock.
Analyst Upgrades and Downgrades
Several equities research analysts have recently weighed in on PBI shares. Wall Street Zen downgraded Pitney Bowes from a "strong-buy" rating to a "buy" rating in a research report on Thursday, May 15th. Sidoti upgraded Pitney Bowes to a "hold" rating in a research note on Monday, May 5th.
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Pitney Bowes Company Profile
(
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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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