Pitney Bowes Sees Unusually High Options Volume (PBI)

Pitney Bowes Inc. (NYSE:PBI) was the target of some unusual options trading activity on Friday. Investors acquired 3,591 put options on the stock. This is an increase of approximately 1,635% compared to the average volume of 207 put options.

Shares of Pitney Bowes (NYSE:PBI) opened at $13.18 on Monday. The company has a debt-to-equity ratio of 35.49, a current ratio of 1.42 and a quick ratio of 1.37. The company has a market cap of $2,461.07, a PE ratio of 27.46 and a beta of 1.11. Pitney Bowes has a one year low of $9.50 and a one year high of $16.60.

Pitney Bowes (NYSE:PBI) last posted its quarterly earnings data on Wednesday, November 1st. The technology company reported $0.33 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.43 by ($0.10). The firm had revenue of $842.82 million during the quarter, compared to analysts’ expectations of $837.60 million. Pitney Bowes had a net margin of 2.64% and a negative return on equity of 5,297.85%. The company’s quarterly revenue was up .5% on a year-over-year basis. During the same quarter last year, the business posted $0.44 EPS. equities research analysts forecast that Pitney Bowes will post 1.38 earnings per share for the current year.

Several equities analysts recently weighed in on the stock. Zacks Investment Research raised shares of Pitney Bowes from a “strong sell” rating to a “hold” rating in a research report on Monday, January 8th. ValuEngine raised shares of Pitney Bowes from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Finally, Loop Capital decreased their price objective on shares of Pitney Bowes from $14.00 to $12.00 and set a “hold” rating for the company in a research note on Thursday, November 2nd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $14.50.

A number of large investors have recently bought and sold shares of PBI. Sirios Capital Management L P purchased a new stake in Pitney Bowes in the 3rd quarter valued at about $45,044,000. Miller Howard Investments Inc. NY increased its stake in Pitney Bowes by 32.9% in the 3rd quarter. Miller Howard Investments Inc. NY now owns 5,092,853 shares of the technology company’s stock valued at $71,351,000 after buying an additional 1,259,978 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Pitney Bowes by 93.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,110,043 shares of the technology company’s stock valued at $31,863,000 after buying an additional 1,019,942 shares during the last quarter. Cornerstone Capital Management Holdings LLC. increased its stake in Pitney Bowes by 340.9% in the 2nd quarter. Cornerstone Capital Management Holdings LLC. now owns 1,134,726 shares of the technology company’s stock valued at $17,133,000 after buying an additional 877,342 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D purchased a new stake in shares of Pitney Bowes during the 3rd quarter worth approximately $11,208,000. Hedge funds and other institutional investors own 73.74% of the company’s stock.

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About Pitney Bowes

Pitney Bowes Inc is a global technology company. The Company offers customer information management, location intelligence and customer engagement products and solutions to help its clients market to their customers, and shipping, mailing, and cross border e-commerce products and solutions that enable the sending of parcels and packages across the globe.

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