Is Pitney Bowes (PBI) Stock Outpacing Its Computer and Technology Peers This Year?
Here is how Pitney Bowes (PBI) and Alphabet (GOOGL) have performed compared to their sector so far this year.
National Bank of Canada FI Acquires New Shares in Pitney Bowes Inc. (NYSE:PBI)
National Bank of Canada FI acquired a new stake in shares of Pitney Bowes Inc. (NYSE:PBI – Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 7,000 shares of the technology company’s stock, valued at approximately $30,000. Several other large investors also recently bought and sold shares of the business. Syon Capital LLC bought a new position in Pitney Bowes during the third quarter valued at approximately $32,000. CenterBook Partners LP bought a new stake in Pitney Bowes during the third quarter valued at approximately $33,000. First Citizens Bank & Trust Co. increased its holdings 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 buying an additional 2,753 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position in Pitney Bowes by 50.9% in the third quarter. Allspring Global Investments Holdings LLC now owns 18,616 shares of the technology company’s stock worth $56,000 after acquiring an additional 6,279 shares during the period. Finally, Camelot Portfolios LLC boosted its stake in shares of Pitney Bowes by 33.3% during the 4th quarter. Camelot Portfolios LLC now owns 20,000 shares of the technology company’s stock worth $88,000 after acquiring an additional 5,000 shares during the last quarter. 67.88% of the stock is currently owned by institutional investors. Pitney Bowes Trading Down 0.9 % NYSE PBI opened at $5.27 on Monday. The stock has a market cap of $942.70 million, a price-to-earnings ratio of -2.43, a PEG ratio of 35.13 and a beta of 2.14. Pitney Bowes Inc. has a 12 month low of $2.80 and a 12 month high of $5.78. The company’s 50 day moving average is $4.43 and its two-hundred day moving average is $4.22. Pitney Bowes (NYSE:PBI – Get Free Report) last released its earnings results on Thursday, May 2nd. The technology company reported ($0.01) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.03. Pitney Bowes had a negative net margin of 11.67% and a negative return on equity of 3.09%. The company had revenue of $831.00 million for the quarter, compared to analysts’ expectations of $797.00 million. During the same quarter in the previous year, the company earned ($0.01) EPS. Pitney Bowes’s revenue for the quarter was down .4% on a year-over-year basis. Sell-side analysts forecast that Pitney Bowes Inc. will post 0.01 EPS for the current year. Pitney Bowes Announces Dividend The firm also recently announced a quarterly dividend, which will be paid on Friday, June 7th. Investors of record on Thursday, May 23rd will be given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 3.80%. The ex-dividend date is Wednesday, May 22nd. Pitney Bowes’s dividend payout ratio is currently -9.22%. Analyst Upgrades and Downgrades Separately, StockNews.com upgraded Pitney Bowes from a “hold” rating to a “buy” rating in a research report on Tuesday, May 14th. View Our Latest Report on Pitney Bowes Pitney Bowes Company Profile (Free Report) 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.
