Pitney Bowes Inc. (NYSE:PBI) was the target of some unusual options trading on Monday. Investors acquired 15,371 put options on the stock. This is an increase of approximately Infinity compared to the average daily volume of 0 put options.

Pitney Bowes (PBI) opened at $10.80 on Thursday. The company has a debt-to-equity ratio of 35.49, a current ratio of 1.42 and a quick ratio of 1.37. Pitney Bowes has a 1 year low of $10.73 and a 1 year high of $16.60. The firm has a market capitalization of $2,050.27, a price-to-earnings ratio of 7.08 and a beta of 1.25.

Pitney Bowes (NYSE:PBI) last released its quarterly earnings results on Wednesday, November 1st. The technology company reported $0.33 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.43 by ($0.10). Pitney Bowes had a net margin of 2.64% and a negative return on equity of 5,297.85%. The company had revenue of $842.82 million during the quarter, compared to analyst estimates of $837.60 million. During the same quarter last year, the business earned $0.44 EPS. The company’s revenue for the quarter was up .5% compared to the same quarter last year. research analysts expect that Pitney Bowes will post 1.38 earnings per share for the current fiscal year.

PBI has been the subject of several research reports. Loop Capital initiated coverage on Pitney Bowes in a research note on Friday, July 28th. They set a “hold” rating and a $16.00 target price for the company. Sidoti raised Pitney Bowes from a “neutral” rating to a “buy” rating and set a $17.00 target price for the company in a research note on Wednesday, August 2nd. Cross Research cut Pitney Bowes from a “hold” rating to a “sell” rating in a research note on Wednesday, August 2nd. BidaskClub cut Pitney Bowes from a “hold” rating to a “sell” rating in a research note on Wednesday, August 2nd. Finally, Zacks Investment Research cut Pitney Bowes from a “hold” rating to a “sell” rating in a research note on Thursday, August 3rd. Two analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $14.50.

Large investors have recently added to or reduced their stakes in the stock. Bank of Nova Scotia acquired a new position in shares of Pitney Bowes in the 1st quarter valued at $216,000. HPM Partners LLC acquired a new position in shares of Pitney Bowes in the 2nd quarter valued at $429,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Pitney Bowes by 11.9% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,041 shares of the technology company’s stock valued at $106,000 after purchasing an additional 748 shares during the period. Seven Eight Capital LP acquired a new position in shares of Pitney Bowes in the 2nd quarter valued at $108,000. Finally, IFP Advisors Inc boosted its position in shares of Pitney Bowes by 74.4% in the 2nd quarter. IFP Advisors Inc now owns 11,236 shares of the technology company’s stock valued at $170,000 after purchasing an additional 4,793 shares during the period. Institutional investors and hedge funds own 77.34% of the company’s stock.

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Pitney Bowes Company Profile

Pitney Bowes Inc is a global technology company. The Company offers customer information management, location intelligence and customer engagement products and solutions to help its clients market to their customers, and shipping, mailing, and cross border e-commerce products and solutions that enable the sending of parcels and packages across the globe.

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