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 dated Monday, January 27th. The shares were sold at an average price of $9.02, for a total transaction of $315,700.00. Following the completion of the transaction, the executive vice president now owns 124,124 shares of the company’s stock, valued at $1,119,598.48. This represents a 22.00 % 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 Down 3.8 %

Shares of PBI opened at $8.89 on Wednesday. The company has a 50-day simple moving average of $7.64 and a 200-day simple moving average of $7.21. The company has a market capitalization of $1.61 billion, a PE ratio of -4.08, a P/E/G ratio of 0.45 and a beta of 2.00. Pitney Bowes Inc. has a 52-week low of $3.68 and a 52-week 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 for the quarter, beating the consensus estimate of $0.13 by $0.08. Pitney Bowes had a negative net margin of 13.02% and a negative return on equity of 12.85%. The firm had revenue of $499.46 million during the quarter, compared to the consensus estimate of $467.80 million. On average, research analysts anticipate that Pitney Bowes Inc. will post 0.38 EPS for the current year.

Pitney Bowes Dividend Announcement

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

Institutional Investors Weigh In On Pitney Bowes

Hedge funds have recently modified their holdings of the stock. Assenagon Asset Management S.A. boosted its position in shares of Pitney Bowes by 47.7% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,814,811 shares of the technology company’s stock worth $13,139,000 after acquiring an additional 586,249 shares during the last quarter. Algert Global LLC raised its holdings in Pitney Bowes by 76.9% in the third quarter. Algert Global LLC now owns 344,829 shares of the technology company’s stock valued at $2,459,000 after buying an additional 149,944 shares during the period. FMR LLC raised its holdings in Pitney Bowes by 3,308.0% in the third quarter. FMR LLC now owns 320,152 shares of the technology company’s stock valued at $2,283,000 after buying an additional 310,758 shares during the period. JPMorgan Chase & Co. raised its holdings in Pitney Bowes by 182.4% in the third quarter. JPMorgan Chase & Co. now owns 967,384 shares of the technology company’s stock valued at $6,897,000 after buying an additional 624,878 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new position in Pitney Bowes in the third quarter valued at approximately $3,442,000. 67.88% of the stock is owned by institutional investors and hedge funds.

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.