Insider Selling: 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 stock was 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 directly owns 124,124 shares of the company’s stock, valued at $1,119,598.48. This trade represents a 22.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Pitney Bowes Stock Performance

NYSE:PBI opened at $8.87 on Friday. The stock has a market cap of $1.61 billion, a price-to-earnings ratio of -4.07, a PEG ratio of 0.45 and a beta of 2.00. Pitney Bowes Inc. has a 1 year low of $3.68 and a 1 year high of $9.29. The business has a fifty day moving average of $7.67 and a 200-day moving average of $7.22.

Pitney Bowes (NYSE:PBI) last announced its quarterly earnings data 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. The business had revenue of $499.46 million during 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%. On average, equities research 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 paid a dividend of $0.05 per share. 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 dividend payout ratio is presently -9.17%.

Institutional Trading of Pitney Bowes

Large investors have recently added to or reduced their stakes in the business. Renaissance Technologies LLC lifted its position in shares of Pitney Bowes by 3.8% during the 2nd quarter. Renaissance Technologies LLC now owns 519,571 shares of the technology company’s stock valued at $2,639,000 after acquiring an additional 19,000 shares during the last quarter. XTX Topco Ltd acquired a new stake in shares of Pitney Bowes during the second quarter worth $128,000. Public Sector Pension Investment Board lifted its holdings in shares of Pitney Bowes by 7.6% during the second quarter. Public Sector Pension Investment Board now owns 342,425 shares of the technology company’s stock valued at $1,740,000 after purchasing an additional 24,078 shares during the last quarter. Marshall Wace LLP boosted its position in shares of Pitney Bowes by 248.1% in the 2nd quarter. Marshall Wace LLP now owns 706,302 shares of the technology company’s stock valued at $3,588,000 after purchasing an additional 503,378 shares during the period. Finally, Cubist Systematic Strategies LLC increased its stake in Pitney Bowes by 144.5% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 428,194 shares of the technology company’s stock worth $2,175,000 after purchasing an additional 253,076 shares in the last quarter. 67.88% of the stock is currently owned by institutional investors.

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.