Pitney Bowes Director Stewart D. Hutcheson Buys 5,000 Shares (PBI)
Pitney Bowes (NYSE:PBI) Director Stewart D. Hutcheson bought 5,000 shares of Pitney Bowes stock in a transaction that occurred on Wednesday, May 7th. The stock was purchased at an average price of $26.02 per share, for a total transaction of $130,100.00. Following the completion of the acquisition, the director now directly owns 14,256 shares of the company’s stock, valued at approximately $370,941. The acquisition was disclosed in a document filed with the SEC, which is available at this link.
Several analysts have recently commented on the stock. Analysts at Zacks downgraded shares of Pitney Bowes from an “outperform” rating to a “neutral” rating in a research note on Friday, May 2nd. They now have a $28.00 price target on the stock.
Shares of Pitney Bowes (NYSE:PBI) traded up 0.50% on Thursday, hitting $26.16. 1,833,874 shares of the company’s stock traded hands. Pitney Bowes has a 1-year low of $13.63 and a 1-year high of $27.59. The stock’s 50-day moving average is $25.69 and its 200-day moving average is $23.96. The company has a market cap of $5.301 billion and a price-to-earnings ratio of 44.12.
Pitney Bowes (NYSE:PBI) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $0.42 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.41 by $0.01. The company had revenue of $937.00 million for the quarter, compared to the consensus estimate of $937.60 million. During the same quarter in the prior year, the company posted $0.42 earnings per share. The company’s quarterly revenue was up 3.0% on a year-over-year basis. On average, analysts predict that Pitney Bowes will post $1.85 earnings per share for the current fiscal year.
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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