Robert Guidotti Buys 3,405 Shares of Pitney Bowes Inc. (PBI) Stock
Pitney Bowes Inc. (NYSE:PBI) EVP Robert Guidotti acquired 3,405 shares of the stock in a transaction dated Friday, November 18th. The stock was bought at an average price of $14.70 per share, for a total transaction of $50,053.50. Following the purchase, the executive vice president now owns 3,405 shares of the company’s stock, valued at approximately $50,053.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Shares of Pitney Bowes Inc. (NYSE:PBI) opened at 14.90 on Wednesday. The firm has a market cap of $2.77 billion, a P/E ratio of 10.84 and a beta of 1.45. Pitney Bowes Inc. has a 1-year low of $14.22 and a 1-year high of $21.81. The firm’s 50-day moving average is $16.27 and its 200-day moving average is $17.76.
Pitney Bowes (NYSE:PBI) last announced its quarterly earnings data on Tuesday, November 1st. The company reported $0.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.46 by $0.02. Pitney Bowes had a return on equity of 256.96% and a net margin of 8.02%. The company had revenue of $839 million for the quarter, compared to the consensus estimate of $851.82 million. During the same quarter in the prior year, the company earned $0.43 EPS. The company’s revenue for the quarter was down 3.5% on a year-over-year basis. On average, analysts anticipate that Pitney Bowes Inc. will post $1.73 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 12th. Stockholders of record on Monday, November 21st will be paid a dividend of $0.1875 per share. This represents a $0.75 dividend on an annualized basis and a dividend yield of 5.03%. The ex-dividend date of this dividend is Thursday, November 17th. Pitney Bowes’s dividend payout ratio is currently 54.74%.
Several large investors have recently made changes to their positions in PBI. Americafirst Capital Management LLC bought a new stake in shares of Pitney Bowes during the second quarter worth about $111,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Pitney Bowes by 13.3% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,293 shares of the company’s stock worth $114,000 after buying an additional 741 shares in the last quarter. Assetmark Inc. boosted its stake in shares of Pitney Bowes by 55,857.1% in the second quarter. Assetmark Inc. now owns 7,834 shares of the company’s stock worth $139,000 after buying an additional 7,820 shares in the last quarter. Euclid Advisors LLC bought a new stake in shares of Pitney Bowes during the first quarter worth about $190,000. Finally, Bank of The West bought a new stake in shares of Pitney Bowes during the third quarter worth about $187,000. Institutional investors own 81.15% of the company’s stock.
A number of equities research analysts have weighed in on PBI shares. Zacks Investment Research upgraded shares of Pitney Bowes from a “sell” rating to a “hold” rating in a research note on Tuesday, September 27th. TheStreet downgraded shares of Pitney Bowes from a “buy” rating to a “hold” rating in a research note on Tuesday, November 1st. Finally, Brean Capital reiterated a “buy” rating and set a $20.00 price target (down previously from $24.00) on shares of Pitney Bowes in a research note on Wednesday, November 2nd.
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Pitney Bowes Company Profile Pitney Bowes Inc is a global technology company. The Company offers customer information management, location intelligence, and customer engagement products and solutions to help clients market to their customers, and shipping and mailing, and cross border e-commerce products and solutions that enable the sending of parcels and packages across the globe.
Pitney Bowes Company Profile
Pitney Bowes Inc is a global technology company. The Company offers customer information management, location intelligence, and customer engagement products and solutions to help clients market to their customers, and shipping and mailing, and cross border e-commerce products and solutions that enable the sending of parcels and packages across the globe.
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