Pitney Bowes Inc. (NYSE:PBI) EVP Sells $315,700.00 in Stock

Pitney Bowes Inc. (NYSE:PBI) EVP Deborah Pfeiffer sold 35,000 shares of the stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $9.02, for a total transaction of $315,700.00. Following the transaction, the executive vice president now owns 124,124 shares in the company, valued at approximately $1,119,598.48. This represents a 22.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.

Pitney Bowes Stock Performance

Pitney Bowes stock traded down $0.36 during mid-day trading on Tuesday, reaching $8.89. 3,250,315 shares of the company were exchanged, compared to its average volume of 2,112,048. The firm has a market cap of $1.61 billion, a P/E ratio of -4.08, a PEG ratio of 0.45 and a beta of 2.00. The business has a fifty day moving average of $7.58 and a 200 day moving average of $7.18. Pitney Bowes Inc. has a 12-month low of $3.68 and a 12-month high of $9.29.

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

Pitney Bowes Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Monday, November 18th were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 2.25%. The ex-dividend date was Monday, November 18th. Pitney Bowes’s dividend payout ratio is currently -9.17%.

Institutional Investors Weigh In On Pitney Bowes

Several institutional investors have recently added to or reduced their stakes in PBI. Point72 DIFC Ltd raised its position in shares of Pitney Bowes by 218.0% in the 2nd quarter. Point72 DIFC Ltd now owns 11,405 shares of the technology company’s stock valued at $58,000 after purchasing an additional 7,819 shares during the last quarter. Quarry LP lifted its holdings in shares of Pitney Bowes by 889.2% in the 3rd quarter. Quarry LP now owns 8,319 shares of the technology company’s stock valued at $59,000 after buying an additional 7,478 shares during the period. Truvestments Capital LLC purchased a new stake in Pitney Bowes in the 3rd quarter worth approximately $86,000. AQR Capital Management LLC purchased a new stake in Pitney Bowes during the second quarter worth $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 valued at $107,000 after acquiring 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.