Pitney Bowes Target of Unusually Large Options Trading (NYSE:PBI)

Pitney Bowes Inc. (NYSE:PBI) was the target of unusually large options trading on Monday. Stock investors purchased 4,640 call options on the company. This represents an increase of approximately 153% compared to the average daily volume of 1,831 call options.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Pitney Bowes from a “hold” rating to a “buy” rating in a research report on Wednesday, May 22nd.

Institutional Investors Weigh In On Pitney Bowes

Hedge funds have recently made changes to their positions in the company. National Bank of Canada FI bought a new stake in Pitney Bowes in the 4th quarter worth approximately $30,000. William Howard & Co Financial Advisors Inc purchased a new position in shares of Pitney Bowes in the first quarter valued at $52,000. Envestnet Portfolio Solutions Inc. purchased a new stake in Pitney Bowes during the fourth quarter valued at $55,000. SageView Advisory Group LLC purchased a new stake in Pitney Bowes during the first quarter valued at $57,000. Finally, First Citizens Bank & Trust Co. lifted its position in Pitney Bowes by 20.8% during the fourth quarter. First Citizens Bank & Trust Co. now owns 16,016 shares of the technology company’s stock valued at $70,000 after purchasing an additional 2,753 shares during the last quarter. 67.88% of the stock is currently owned by hedge funds and other institutional investors.

Pitney Bowes Price Performance

PBI stock opened at $5.95 on Tuesday. Pitney Bowes has a 1-year low of $2.80 and a 1-year high of $6.00. The business has a 50 day simple moving average of $5.03 and a two-hundred day simple moving average of $4.45. The company has a market capitalization of $1.06 billion, a price-to-earnings ratio of -2.74, a PEG ratio of 16.93 and a beta of 1.99.

Pitney Bowes (NYSE:PBI) last issued its earnings results on Thursday, May 2nd. The technology company reported ($0.01) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.03. The firm had revenue of $831.00 million during the quarter, compared to analyst estimates of $797.00 million. Pitney Bowes had a negative net margin of 11.67% and a negative return on equity of 3.09%. Pitney Bowes’s revenue for the quarter was down .4% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.01) earnings per share. Sell-side analysts anticipate that Pitney Bowes will post 0.02 EPS for the current fiscal year.

Pitney Bowes Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 7th. Stockholders of record on Thursday, May 23rd were issued a $0.05 dividend. The ex-dividend date of this dividend was Wednesday, May 22nd. This represents a $0.20 annualized dividend and a dividend yield of 3.36%. Pitney Bowes’s dividend payout ratio (DPR) is -9.22%.

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.