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Pitney Bowes (NYSE:PBI) saw some unusual options trading on Tuesday. Stock traders purchased 13,212 put options on the stock, AnalystRatingsNetwork.com reports. This is an increase of approximately 392% compared to the typical volume of 2,686 put options.

PBI has been the subject of a number of recent research reports. Analysts at Zacks upgraded shares of Pitney Bowes from a “neutral” rating to an “outperform” rating in a research note on Tuesday, February 11th. They now have a $31.00 price target on the stock. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $22.67.

Shares of Pitney Bowes (NYSE:PBI) traded up 1.30% on Tuesday, hitting $25.00. 3,655,601 shares of the company’s stock traded hands. Pitney Bowes has a 52-week low of $12.89 and a 52-week high of $26.00. The stock’s 50-day moving average is $24.04 and its 200-day moving average is $21.0. The company has a market cap of $5.005 billion and a price-to-earnings ratio of 34.76.

Pitney Bowes (NYSE:PBI) last issued its quarterly earnings data on Thursday, January 30th. The company reported $0.53 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.45 by $0.08. The company had revenue of $1,000.00 million for the quarter, compared to the consensus estimate of $1.03 billion. On average, analysts predict that Pitney Bowes will post $1.86 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Wednesday, March 12th. Shareholders of record on Friday, February 14th will be paid a dividend of $0.1875 per share. This represents a $0.75 annualized dividend and a dividend yield of 3.04%. The ex-dividend date is Wednesday, February 12th.

Pitney Bowes Inc is a global provider of software, hardware and services to enable both physical and digital communications and to integrate those physical and digital communications channels.

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