Today, the President & CEO of Pitney Bowes (NYSE: PBI), Marc Bradley Lautenbach, bought shares of PBI for $100.1K.
Following this transaction Marc Bradley Lautenbach’s holding in the company was increased by 4.53% to a total of $2.27 million. In addition to Marc Bradley Lautenbach, one other PBI executive reported Buy trades in the last month.
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Based on Pitney Bowes’ latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $983 million and quarterly net profit of $53.51 million. In comparison, last year the company earned revenue of $837 million and had a net profit of $65.13 million. PBI’s market cap is $1.66B and the company has a P/E ratio of 6.66. Currently, Pitney Bowes has an average volume of 3.76M.
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Pitney Bowes, Inc. is a technology company which engages in the provision of products and solutions in the commerce industry. It offers information management, location intelligence, and customer engagement products and solutions and also provides shipping, mailing, fulfillment, returns and cross-border ecommerce products and solutions that enable the sending of parcels and packages across the globe. The company operates through the following segments: Small and Medium Business Solutions, Enterprise Business Solutions, and Digital Commerce Solutions. The Small and Medium Business Solutions segment provides equipment, software, supplies, and services that enable its customers to efficiently create physical and digital mail and evidence postage for the sending of mail, flats and parcels. The Enterprise Business Solutions segment includes equipment and services that enable large enterprises to process inbound and outbound mail. It includes the production mail operations and presort services operations. The Digital Commerce Solutions offers customer information management, location intelligence and customer engagement software, and shipping management and cross border ecommerce solutions for businesses of all sizes. Its solutions are delivered as traditional software licenses, enterprise platforms, software-as-a-service, and on-demand applications. Pitney Bowes was founded by Arthur H. Pitney and Walter Bowes on April 23, 1920 and is headquartered in Stamford, CT.