Pitney Bowes Inc. (NYSE:PBI) EVP Deborah Pfeiffer Sells 35,000 Shares

Pitney Bowes Inc. (NYSE:PBI) EVP Deborah Pfeiffer sold 35,000 shares of the company’s stock in a transaction 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 completion of the transaction, the executive vice president now owns 124,124 shares of the company’s stock, valued at approximately $1,119,598.48. The trade was a 22.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Pitney Bowes Price Performance

Shares of NYSE:PBI opened at $8.89 on Wednesday. The stock has a market cap of $1.61 billion, a P/E ratio of -4.08, a P/E/G ratio of 0.45 and a beta of 2.00. The firm has a fifty day moving average price of $7.64 and a 200 day moving average price of $7.21. Pitney Bowes Inc. has a 1-year low of $3.68 and a 1-year high of $9.29.

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

Pitney Bowes Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Monday, November 18th were paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis 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 Trading of Pitney Bowes

Large investors have recently bought and sold shares of the business. James J. Burns & Company LLC raised its position in 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 buying an additional 1,637 shares during the last quarter. First Citizens Bank & Trust Co. raised its position in 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 worth $150,000 after buying an additional 2,020 shares during the last quarter. Westside Investment Management Inc. raised its position in Pitney Bowes by 0.5% during the 4th quarter. Westside Investment Management Inc. now owns 625,939 shares of the technology company’s stock worth $4,532,000 after buying an additional 3,100 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Pitney Bowes by 10.8% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 48,663 shares of the technology company’s stock worth $347,000 after buying an additional 4,728 shares during the last quarter. Finally, nVerses Capital LLC increased its holdings in shares of Pitney Bowes by 59.6% in the 3rd quarter. nVerses Capital LLC now owns 15,000 shares of the technology company’s stock valued at $107,000 after purchasing an additional 5,600 shares in the last quarter. 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.