Pitney Bowes Inc. (NYSE:PBI) is at least 40.63% than its current record low price of $9.50. There was a 14.88% gain on 01/11/2018 that led the price to move at $13.36. At recent session, the prices were hovering between $11.68 and $13.68. This company shares are 4.79% off its target price of $14 and the current market capitalization stands at $2.49B. The recent change has given its price a 22.85% lead over SMA 50 and -19.52% deficit over its 52-week high. The stock witnessed 22.46% gains, -4.16% declines and -13.13% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found PBI’s volatility during a week at 5.14% and during a month it has been found around 2.72%.Pitney Bowes Inc. (PBI) Top Holders
Institutional investors currently hold around $1.6 billion or 76.8% in PBI stock. Look at its top three institutional owners. Blackrock Inc. owns $245.25 million in Pitney Bowes Inc., which represents roughly 9.85% of the company’s market cap and approximately 15.32% of the institutional ownership. Similar statistics are true for the second largest owner, Vanguard Group Inc, which owns 15,855,563 shares of the stock are valued at $184.4 million. The third largest holder is Bank Of New York Mellon Corp, which currently holds $74.08 million worth of this stock and that ownership represents nearly 2.97% of its market capitalization.Pitney Bowes Inc. 13F Filings
At the end of 09/30/2017 reporting period, 133 institutional holders increased their position in Pitney Bowes Inc. (NYSE:PBI) by some 13,973,048 shares, 170 decreased positions by 19,821,795 and 67 held positions by 103,874,479. That puts total institutional holdings at 137,669,322 shares, according to SEC filings. The stock grabbed 23 new institutional investments totaling 6,029,224 shares while 50 institutional investors sold out their entire positions totaling 4,440,725 shares.Pitney Bowes Inc. (NYSE:PBI) Insider Trades
Multiple company employees have indulged in significant insider trading. Pitney Bowes Inc. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Director Sanford Linda S has acquired 5,000 shares of Pitney Bowes Inc. (PBI) in trading session dated May. 17, 2017. These shares are worth $75,450 and were traded at $15.09 each. The SEC filing shows that Guidotti Robert performed a purchase of 3,405 shares. The EVP & Pres Software Solutions added these shares by way of transaction on Nov. 18, 2016. The company’s shares were assimilated at $14.7 per share worth to an investment of some $50,054 on account of Guidotti Robert.
EVP/Chief Legal & Compliance, Goldstein Daniel J, purchased 1,670 common shares of Pitney Bowes Inc. (PBI) in the open market. In a transaction dated Nov. 02, 2016, the shares were bought at an average price of $14.79, giving away a sum of $24,699. After this purchase, 44,335 common shares of PBI are directly owned by the insider, with total stake valued at $592,316.
In the transaction dated Nov. 02, 2016, the great number of shares acquired came courtesy the President and CEO; Lautenbach Marc Bradley added a total of 4,739 shares at an average price of $14.76, amounting to approximately $69,948. The insider now directly owns 170,912 shares worth $2,283,384.Pitney Bowes Inc. (PBI) Analyst Guide
Several analysts have released their opinion on Pitney Bowes Inc. (NYSE:PBI), with 3 analysts believing it is a strong buy. Whereas 1 of them predict the stock is a hold. Also, there are 0 buy, 0 sell and 1 strong sell ratings, collectively assigning a 2.2 average brokerage recommendation.