Pitney Bowes Inc. (NYSE:PBI) EVP James Arthur Fairweather Sells 130,000 Shares of Stock

Pitney Bowes Inc. (NYSE:PBI) EVP James Arthur Fairweather sold 130,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $10.83, for a total transaction of $1,407,900.00. Following the sale, the executive vice president now owns 176,145 shares of the company’s stock, valued at $1,907,650.35. The trade was a 42.46 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Pitney Bowes Stock Performance

Shares of NYSE:PBI opened at $10.77 on Friday. The company has a market capitalization of $1.97 billion, a PE ratio of -9.61, a price-to-earnings-growth ratio of 0.59 and a beta of 2.01. The stock has a fifty day moving average of $8.40 and a 200-day moving average of $7.67. Pitney Bowes Inc. has a one year low of $3.76 and a one year high of $11.01.

Pitney Bowes (NYSE:PBI) last released its quarterly earnings results on Tuesday, February 11th. The technology company reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.16. Pitney Bowes had a negative return on equity of 20.95% and a negative net margin of 7.71%. As a group, research analysts forecast that Pitney Bowes Inc. will post 1.21 EPS for the current fiscal year.

Pitney Bowes Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Friday, February 21st will be given a $0.06 dividend. This is an increase from Pitney Bowes’s previous quarterly dividend of $0.05. This represents a $0.24 annualized dividend and a dividend yield of 2.23%. The ex-dividend date is Friday, February 21st. Pitney Bowes’s dividend payout ratio (DPR) is -21.43%.

Institutional Investors Weigh In On Pitney Bowes

Large investors have recently made changes to their positions in the company. Meeder Asset Management Inc. acquired a new position in Pitney Bowes in the 4th quarter worth approximately $31,000. Smartleaf Asset Management LLC lifted its holdings in shares of Pitney Bowes by 130.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 5,078 shares of the technology company’s stock valued at $37,000 after purchasing an additional 2,873 shares in the last quarter. Quarry LP boosted its position in shares of Pitney Bowes by 889.2% in the third quarter. Quarry LP now owns 8,319 shares of the technology company’s stock worth $59,000 after buying an additional 7,478 shares during the period. Truvestments Capital LLC purchased a new position in shares of Pitney Bowes during the third quarter valued at $86,000. Finally, Xponance Inc. raised its position in Pitney Bowes by 36.7% during the fourth quarter. Xponance Inc. now owns 14,283 shares of the technology company’s stock valued at $103,000 after buying an additional 3,837 shares during the period. Institutional investors and hedge funds own 67.88% of the company’s stock.

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.