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 company’s stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $9.02, for a total value of $315,700.00. Following the completion of the transaction, the executive vice president now owns 124,124 shares in the company, valued at $1,119,598.48. This represents a 22.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Pitney Bowes Stock Performance

Shares of PBI opened at $8.87 on Friday. The company has a market capitalization of $1.61 billion, a PE ratio of -4.07, a PEG ratio of 0.45 and a beta of 2.00. The company’s 50 day moving average price is $7.67 and its 200 day moving average price is $7.22. 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 quarterly earnings results on Friday, November 8th. The technology company reported $0.21 EPS 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 business had revenue of $499.46 million for the quarter, compared to analysts’ expectations of $467.80 million. On average, equities analysts forecast that Pitney Bowes Inc. will post 0.38 earnings per share for the current fiscal year.

Pitney Bowes Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Monday, November 18th were given a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 2.26%. The ex-dividend date of this dividend was Monday, November 18th. Pitney Bowes’s payout ratio is currently -9.17%.

Institutional Investors Weigh In On Pitney Bowes

Several institutional investors have recently made changes to their positions in PBI. Hestia Capital Management LLC acquired a new position in Pitney Bowes in the fourth quarter worth approximately $114,326,000. James J. Burns & Company LLC increased its stake in shares of Pitney Bowes by 9.7% during the 4th quarter. James J. Burns & Company LLC now owns 18,587 shares of the technology company’s stock worth $135,000 after purchasing an additional 1,637 shares during the last quarter. First Citizens Bank & Trust Co. raised its holdings in shares of Pitney Bowes by 10.8% during the 4th quarter. First Citizens Bank & Trust Co. now owns 20,677 shares of the technology company’s stock valued at $150,000 after purchasing an additional 2,020 shares in the last quarter. Westside Investment Management Inc. raised its holdings in shares of Pitney Bowes by 0.5% during the 4th quarter. Westside Investment Management Inc. now owns 625,939 shares of the technology company’s stock valued at $4,532,000 after purchasing an additional 3,100 shares in the last quarter. Finally, Assenagon Asset Management S.A. lifted its stake in shares of Pitney Bowes by 47.7% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,814,811 shares of the technology company’s stock valued at $13,139,000 after purchasing an additional 586,249 shares during the last quarter. 67.88% of the stock is currently 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.