Investors Buy Large Volume of Pitney Bowes Call Options (NYSE:PBI)

Pitney Bowes Inc. (NYSE:PBI) was the target of unusually large options trading on Monday. Stock traders bought 26,021 call options on the company. This represents an increase of 418% compared to the typical volume of 5,021 call options.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded Pitney Bowes from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 21st.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. BNP Paribas Financial Markets lifted its position in shares of Pitney Bowes by 10.0% during the first quarter. BNP Paribas Financial Markets now owns 216,002 shares of the technology company’s stock worth $935,000 after purchasing an additional 19,690 shares in the last quarter. ProShare Advisors LLC increased its stake in Pitney Bowes by 7.5% during the 1st quarter. ProShare Advisors LLC now owns 34,900 shares of the technology company’s stock worth $151,000 after buying an additional 2,440 shares during the period. SageView Advisory Group LLC acquired a new position in Pitney Bowes in the 1st quarter worth $57,000. EntryPoint Capital LLC purchased a new position in Pitney Bowes in the 1st quarter valued at about $197,000. Finally, Quadrature Capital Ltd grew its stake in shares of Pitney Bowes by 21.6% during the first quarter. Quadrature Capital Ltd now owns 66,247 shares of the technology company’s stock valued at $287,000 after acquiring an additional 11,753 shares in the last quarter. Institutional investors and hedge funds own 67.88% of the company’s stock.

Pitney Bowes Stock Performance

NYSE PBI opened at $7.67 on Wednesday. The firm has a market capitalization of $1.38 billion, a price-to-earnings ratio of -3.59, a PEG ratio of 1.44 and a beta of 1.97. Pitney Bowes has a one year low of $3.68 and a one year high of $8.80. The company’s 50 day moving average price is $7.04 and its 200 day moving average price is $6.29.

Pitney Bowes (NYSE:PBI) last released its quarterly earnings data on Friday, November 8th. The technology company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.08. The company had revenue of $499.46 million during the quarter, compared to analyst estimates of $467.80 million. Pitney Bowes had a negative net margin of 13.02% and a negative return on equity of 13.85%. Sell-side analysts forecast that Pitney Bowes will post 0.38 EPS for the current fiscal year.

Pitney Bowes Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Monday, November 18th will be given a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 2.61%. The ex-dividend date of this dividend is Monday, November 18th. Pitney Bowes’s dividend payout ratio (DPR) is presently -9.17%.

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.