Pitney Bowes (NYSE:PBI) Stock Price Up 5.4% - Time to Buy?

Pitney Bowes Inc. (NYSE:PBI - Get Free Report)'s stock price traded up 5.4% during trading on Monday . The stock traded as high as $10.90 and last traded at $10.88. 1,319,891 shares were traded during trading, a decline of 48% from the average session volume of 2,519,807 shares. The stock had previously closed at $10.32.

Pitney Bowes Trading Up 0.0 %

The company has a market capitalization of $1.99 billion, a PE ratio of -9.70, a price-to-earnings-growth ratio of 0.59 and a beta of 2.01. The stock's 50-day moving average is $8.40 and its two-hundred day moving average is $7.67.

Pitney Bowes (NYSE:PBI - Get Free Report) last issued its quarterly earnings results on Tuesday, February 11th. The technology company reported $0.32 earnings per share for the quarter, topping the consensus estimate 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%. On average, equities research analysts forecast that Pitney Bowes Inc. will post 1.21 EPS for the current fiscal year.

Pitney Bowes Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Friday, February 21st will be paid a dividend of $0.06 per share. This is a positive change from Pitney Bowes's previous quarterly dividend of $0.05. This represents a $0.24 dividend on an annualized basis and a dividend yield of 2.21%. The ex-dividend date is Friday, February 21st. Pitney Bowes's payout ratio is currently -21.43%.

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Insider Buying and Selling

In other Pitney Bowes news, Director Kurt James Wolf sold 78,285 shares of the company's stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $10.66, for a total value of $834,518.10. Following the transaction, the director now directly owns 606,289 shares in the company, valued at $6,463,040.74. This represents a 11.44 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Lauren Freemen-Bosworth sold 42,308 shares of Pitney Bowes stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $8.12, for a total transaction of $343,540.96. Following the sale, the executive vice president now directly owns 18,664 shares of the company's stock, valued at $151,551.68. This represents a 69.39 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,405,593 shares of company stock valued at $13,568,759 in the last 90 days. Company insiders own 14.30% of the company's stock.

Institutional Investors Weigh In On Pitney Bowes

Hedge funds have recently made changes to their positions in the company. Meeder Asset Management Inc. purchased a new position in shares of Pitney Bowes during the fourth quarter valued at $31,000. Smartleaf Asset Management LLC increased its position in Pitney Bowes by 130.3% during the 4th 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 during the period. Quarry LP increased its position in Pitney Bowes by 889.2% during the 3rd quarter. Quarry LP now owns 8,319 shares of the technology company's stock valued at $59,000 after purchasing an additional 7,478 shares during the period. Truvestments Capital LLC bought a new stake in shares of Pitney Bowes in the 3rd quarter valued at about $86,000. Finally, Xponance Inc. lifted its position in shares of Pitney Bowes by 36.7% in the 4th quarter. Xponance Inc. now owns 14,283 shares of the technology company's stock worth $103,000 after purchasing an additional 3,837 shares during the period. 67.88% of the stock is currently owned by hedge funds and other institutional investors.

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.