Pitney Bowes Inc. Buyback
OLI recorded this information on 2/9/2016
Pitney Bowes Inc.
Further, the Board of Directors increased the Company's authorization to repurchase an additional $150 million of Pitney Bowes' outstanding common stock, which it expects to complete in 2016. This is in addition to the $65 million of authorization available at the beginning of the year, of which the company has repurchased $54 million through February 8, 2016. Taken together, the Company expects to repurchase $215 million of its common stock in 2016.
Pitney Bowes is a technology company, engaged in providing commerce solutions. Co.'s reportable segments are Commerce Services and SendTech Solutions. Co.'s Commerce Services group includes domestic delivery, return and fulfillment services, cross-border solutions, shipping solutions and presort services. The Commerce Services group includes the Global Ecommerce and Presort Services segments. Co.'s Sending Technology Solutions segment provides its clients physical and digital mailing, shipping, supplies and other applications. Co.'s cloud enabled infrastructure provides software-as-a-service offerings delivered online and via connected or mobile devices.
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Buy (2.65 out of 4)
(ranked lower than approx. 80% of all stocks covered)
Based on Zacks ABR data;
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