Pitney Bowes Inc. (NYSE:PBI) EVP James Arthur Fairweather Acquires 4,335 Shares of Stock

Pitney Bowes Inc. (NYSE:PBIGet Rating) EVP James Arthur Fairweather acquired 4,335 shares of the firm’s stock in a transaction on Monday, August 1st. The shares were bought at an average cost of $3.42 per share, for a total transaction of $14,825.70. Following the acquisition, the executive vice president now owns 143,260 shares in the company, valued at $489,949.20. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Pitney Bowes Stock Performance

Pitney Bowes stock opened at $3.33 on Tuesday. The company has a current ratio of 1.08, a quick ratio of 1.03 and a debt-to-equity ratio of 49.71. Pitney Bowes Inc. has a 1 year low of $3.17 and a 1 year high of $8.41. The company has a market cap of $577.53 million, a PE ratio of 16.65 and a beta of 2.22. The company’s 50-day moving average is $4.01 and its two-hundred day moving average is $4.68.

Pitney Bowes (NYSE:PBIGet Rating) last released its earnings results on Thursday, July 28th. The technology company reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.02). Pitney Bowes had a net margin of 0.97% and a return on equity of 59.58%. The business had revenue of $871.50 million for the quarter, compared to analyst estimates of $911.49 million. During the same quarter in the previous year, the company posted $0.11 earnings per share. The business’s revenue for the quarter was down 3.1% on a year-over-year basis.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. TheStreet lowered shares of Pitney Bowes from a “c” rating to a “d+” rating in a report on Thursday, July 28th. StockNews.com downgraded shares of Pitney Bowes from a “buy” rating to a “hold” rating in a research report on Friday.

Institutional Trading of Pitney Bowes

A number of hedge funds have recently modified their holdings of PBI. Cyrus J. Lawrence LLC acquired a new stake in shares of Pitney Bowes in the 1st quarter valued at approximately $27,000. Byrne Asset Management LLC raised its position in shares of Pitney Bowes by 241.5% in the 1st quarter. Byrne Asset Management LLC now owns 5,574 shares of the technology company’s stock valued at $29,000 after acquiring an additional 3,942 shares during the period. First Quadrant LLC CA acquired a new stake in shares of Pitney Bowes in the 1st quarter valued at approximately $38,000. Northwestern Mutual Wealth Management Co. raised its position in shares of Pitney Bowes by 518.8% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 7,221 shares of the technology company’s stock valued at $48,000 after acquiring an additional 6,054 shares during the period. Finally, Regal Investment Advisors LLC acquired a new stake in shares of Pitney Bowes in the 1st quarter valued at approximately $52,000. 64.87% of the stock is currently owned by institutional investors and hedge funds.

About Pitney Bowes

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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.

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