Pitney Bowes (NYSE:PBI) Trading Up 4.1%

Pitney Bowes Inc. (NYSE:PBI) was up 4.1% on Tuesday . The company traded as high as $4.32 and last traded at $4.32. Approximately 348,140 shares traded hands during trading, a decline of 75% from the average daily volume of 1,398,893 shares. The stock had previously closed at $4.15.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered Pitney Bowes from a “buy” rating to a “hold” rating in a research note on Monday, February 5th.

Pitney Bowes Stock Performance

The company has a 50 day moving average of $4.11 and a two-hundred day moving average of $4.05. The stock has a market cap of $767.53 million, a PE ratio of -1.89, a price-to-earnings-growth ratio of 27.53 and a beta of 2.15.

Pitney Bowes (NYSE:PBI) last posted its quarterly earnings data on Thursday, February 1st. The technology company reported $0.07 EPS for the quarter, topping the consensus estimate of $0.02 by $0.05. Pitney Bowes had a negative return on equity of 4.75% and a negative net margin of 11.81%. The company had revenue of $871.58 million during the quarter, compared to analyst estimates of $849.85 million. During the same period in the previous year, the business earned $0.06 EPS. Pitney Bowes’s quarterly revenue was down 4.1% on a year-over-year basis. As a group, equities research analysts anticipate that Pitney Bowes Inc. will post 0.01 EPS for the current year.

Pitney Bowes Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 14th. Shareholders of record on Friday, February 9th were paid a dividend of $0.05 per share. The ex-dividend date of this dividend was Thursday, February 8th. This represents a $0.20 annualized dividend and a yield of 4.63%. Pitney Bowes’s dividend payout ratio (DPR) is currently -9.13%.

Institutional Investors Weigh In On Pitney Bowes

Large investors have recently bought and sold shares of the company. Equitable Trust Co. boosted its holdings in shares of Pitney Bowes by 2.1% during the 4th quarter. Equitable Trust Co. now owns 125,365 shares of the technology company’s stock worth $552,000 after purchasing an additional 2,541 shares during the last quarter. First Citizens Bank & Trust Co. boosted its holdings in shares of Pitney Bowes by 20.8% during the 4th quarter. First Citizens Bank & Trust Co. now owns 16,016 shares of the technology company’s stock worth $70,000 after purchasing an additional 2,753 shares during the last quarter. Barclays PLC boosted its holdings in shares of Pitney Bowes by 2.8% during the 3rd quarter. Barclays PLC now owns 155,396 shares of the technology company’s stock worth $469,000 after purchasing an additional 4,293 shares during the last quarter. Camelot Portfolios LLC lifted its holdings in Pitney Bowes by 33.3% in the fourth quarter. Camelot Portfolios LLC now owns 20,000 shares of the technology company’s stock valued at $88,000 after acquiring an additional 5,000 shares during the last quarter. Finally, Contrarian Capital Management L.L.C. lifted its holdings in Pitney Bowes by 2.1% in the fourth quarter. Contrarian Capital Management L.L.C. now owns 245,000 shares of the technology company’s stock valued at $1,078,000 after acquiring an additional 5,000 shares during the last quarter. 67.88% of the stock is currently owned by hedge funds and other institutional investors.

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.