Deborah Pfeiffer Sells 18,750 Shares of Pitney Bowes (NYSE:PBI) Stock

Pitney Bowes Inc. (NYSE:PBI) EVP Deborah Pfeiffer sold 18,750 shares of the stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $16.06, for a total transaction of $301,125.00. Following the transaction, the executive vice president directly owned 97,828 shares of the company’s stock, valued at approximately $1,571,117.68. This trade represents a 16.08% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Pitney Bowes Price Performance

Shares of PBI stock opened at $16.69 on Wednesday. The firm has a market cap of $2.26 billion, a PE ratio of 16.21, a price-to-earnings-growth ratio of 0.76 and a beta of 1.63. The company has a 50-day moving average of $13.71 and a two-hundred day moving average of $11.48. Pitney Bowes Inc. has a 1-year low of $8.95 and a 1-year high of $17.08.

Pitney Bowes (NYSE:PBI) last posted its quarterly earnings data on Tuesday, May 5th. The technology company reported $0.47 EPS for the quarter, meeting the consensus estimate of $0.47. Pitney Bowes had a net margin of 8.92% and a negative return on equity of 33.41%. The business had revenue of $477.41 million during the quarter, compared to analyst estimates of $471.83 million. During the same quarter last year, the firm posted $0.33 earnings per share. The business’s revenue for the quarter was down 3.2% compared to the same quarter last year. Sell-side analysts anticipate that Pitney Bowes Inc. will post 1.62 EPS for the current fiscal year.

Pitney Bowes Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 5th. Stockholders of record on Monday, May 18th will be paid a $0.01 dividend. The ex-dividend date of this dividend is Monday, May 18th. This represents a $0.04 annualized dividend and a dividend yield of 0.2%. Pitney Bowes’s dividend payout ratio (DPR) is presently 38.83%.

Institutional Trading of Pitney Bowes

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PBI. Royal Bank of Canada raised its holdings in Pitney Bowes by 133.1% during the first quarter. Royal Bank of Canada now owns 52,958 shares of the technology company’s stock worth $478,000 after purchasing an additional 30,238 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Pitney Bowes by 5.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 97,424 shares of the technology company’s stock worth $882,000 after purchasing an additional 5,149 shares in the last quarter. United Services Automobile Association acquired a new stake in Pitney Bowes during the first quarter worth approximately $96,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Pitney Bowes by 18.2% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 470,488 shares of the technology company’s stock worth $4,258,000 after purchasing an additional 72,437 shares in the last quarter. Finally, Intech Investment Management LLC raised its holdings in Pitney Bowes by 15.5% during the first quarter. Intech Investment Management LLC now owns 195,309 shares of the technology company’s stock worth $1,768,000 after purchasing an additional 26,260 shares in the last quarter. Institutional investors and hedge funds own 67.88% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the stock. Wall Street Zen raised shares of Pitney Bowes from a “buy” rating to a “strong-buy” rating in a research note on Saturday, April 25th. Weiss Ratings raised shares of Pitney Bowes from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, May 8th. Bank of America raised shares of Pitney Bowes from an “underperform” rating to a “neutral” rating and raised their price objective for the company from $9.50 to $16.50 in a research note on Monday, May 11th. Citigroup reissued an “outperform” rating on shares of Pitney Bowes in a research note on Friday, April 17th. Finally, Zacks Research upgraded shares of Pitney Bowes from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 7th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $15.18.

Pitney Bowes Company Profile

Pitney Bowes Inc (NYSE: PBI) is an American technology company that specializes in shipping, mailing, and e-commerce solutions. Founded in 1920 by Walter Bowes and Arthur Pitney, the company pioneered postage meter technology and has since evolved to offer a broad portfolio of hardware, software, and services designed to streamline physical and digital communications. Headquartered in Stamford, Connecticut, Pitney Bowes leverages a century of expertise to serve enterprises, small businesses, and government agencies around the globe.

The company’s core offerings span mailing and shipping equipment, including postage meters, folder inserters, and address verification systems, alongside integrated software platforms for customer information management, data analytics, and location intelligence.