Pitney Bowes Target of Unusually Large Options Trading (NYSE:PBI)

Pitney Bowes Inc. (NYSE:PBI) was the recipient of unusually large options trading on Friday. Stock investors acquired 7,903 call options on the stock. This is an increase of 90% compared to the average volume of 4,159 call options.

Pitney Bowes Stock Performance

Shares of NYSE PBI traded up $0.71 during mid-day trading on Friday, reaching $6.39. 5,130,001 shares of the company traded hands, compared to its average volume of 1,731,826. The stock has a market cap of $1.14 billion, a PE ratio of -3.03, a price-to-earnings-growth ratio of 5.28 and a beta of 1.99. The company’s fifty day moving average is $5.85 and its two-hundred day moving average is $4.88. Pitney Bowes has a fifty-two week low of $2.80 and a fifty-two week high of $7.70.

Pitney Bowes (NYSE:PBI) last issued its quarterly earnings data on Thursday, August 8th. The technology company reported $0.03 EPS for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.09. The business had revenue of $793.17 million for the quarter, compared to analyst estimates of $771.65 million. Pitney Bowes had a negative return on equity of 3.09% and a negative net margin of 11.67%. The firm’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.02) EPS. Research analysts forecast that Pitney Bowes will post 0.08 earnings per share for the current year.

Pitney Bowes Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 6th. Investors of record on Thursday, August 22nd will be given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 3.13%. Pitney Bowes’s dividend payout ratio (DPR) is presently -9.22%.

Hedge Funds Weigh In On Pitney Bowes

Institutional investors have recently bought and sold shares of the business. National Bank of Canada FI acquired a new stake in shares of Pitney Bowes during the fourth quarter worth $30,000. nVerses Capital LLC bought a new stake in shares of Pitney Bowes in the second quarter valued at about $48,000. William Howard & Co Financial Advisors Inc bought a new stake in shares of Pitney Bowes in the first quarter valued at about $52,000. Envestnet Portfolio Solutions Inc. bought a new stake in Pitney Bowes during the fourth quarter worth about $55,000. Finally, SageView Advisory Group LLC bought a new stake in Pitney Bowes during the first quarter worth about $57,000. Institutional investors own 67.88% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Pitney Bowes from a “hold” rating to a “buy” rating in a research note on Wednesday, May 22nd.

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.