Pitney Bowes (NYSE:PBI) Shares Cross Above 200-Day Moving Average of $4.02

Pitney Bowes Inc. (NYSE:PBI)’s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $4.02 and traded as high as $4.13. Pitney Bowes shares last traded at $4.03, with a volume of 1,384,916 shares traded.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded Pitney Bowes from a “buy” rating to a “hold” rating in a research note on Monday, February 5th.

Pitney Bowes Stock Up 2.5 %

The stock has a market cap of $716.01 million, a PE ratio of -1.84, a P/E/G ratio of 26.60 and a beta of 2.15. The firm has a 50-day simple moving average of $4.09 and a 200-day simple moving average of $4.02.

Pitney Bowes (NYSE:PBI) last released its quarterly earnings results on Thursday, February 1st. The technology company reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.05. Pitney Bowes had a negative return on equity of 4.75% and a negative net margin of 11.81%. The business had revenue of $871.58 million for the quarter, compared to the consensus estimate of $849.85 million. During the same quarter last year, the business posted $0.06 earnings per share. The company’s revenue for the quarter was down 4.1% on a year-over-year basis. On average, research analysts expect that Pitney Bowes Inc. will post 0.01 earnings per share for the current year.

Pitney Bowes Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 14th. Stockholders of record on Friday, February 9th were paid a dividend of $0.05 per share. The ex-dividend date of this dividend was Thursday, February 8th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 4.96%. Pitney Bowes’s dividend payout ratio (DPR) is currently -6.85%.

Institutional Trading of Pitney Bowes

Large investors have recently modified their holdings of the business. Tower Research Capital LLC TRC boosted its position in Pitney Bowes by 341.7% during the 1st quarter. Tower Research Capital LLC TRC now owns 6,970 shares of the technology company’s stock valued at $27,000 after acquiring an additional 5,392 shares in the last quarter. Baird Financial Group Inc. bought a new stake in Pitney Bowes during the 3rd quarter valued at approximately $28,000. Brave Asset Management Inc. purchased a new position in shares of Pitney Bowes during the third quarter valued at approximately $30,000. National Bank of Canada FI purchased a new position in shares of Pitney Bowes during the fourth quarter valued at approximately $30,000. Finally, Syon Capital LLC purchased a new position in shares of Pitney Bowes during the third quarter valued at approximately $32,000. 67.88% of the stock is owned by 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.