Pitney Bowes Inc. $PBI Shares Newly Bought by Wavvest Wealth LLC

Wavvest Wealth LLC bought a new position in Pitney Bowes Inc. (NYSE:PBI) during the third quarter, Holdings Channel.com reports. The institutional investor bought 82,094 shares of the technology company’s stock, valued at approximately $1,340,000. Pitney Bowes comprises about 1.1% of Wavvest Wealth LLC’s holdings, making the stock its 27th biggest holding.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Longview Financial Advisors Inc. bought a new stake in shares of Pitney Bowes during the 1st quarter valued at about $26,000. Nykredit A S purchased a new position in shares of Pitney Bowes during the second quarter worth about $46,000. Public Employees Retirement System of Ohio purchased a new position in shares of Pitney Bowes during the second quarter worth about $46,000. IFP Advisors Inc grew its holdings in shares of Pitney Bowes by 5,373.7% during the second quarter. IFP Advisors Inc now owns 3,120 shares of the technology company’s stock worth $55,000 after purchasing an additional 3,063 shares in the last quarter. Finally, Plato Investment Management Ltd bought a new position in shares of Pitney Bowes in the second quarter worth approximately $55,000. Hedge funds and other institutional investors own 67.88% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Citigroup reaffirmed a “market outperform” rating on shares of Pitney Bowes in a research note on Friday, July 31st. The Goldman Sachs Group reiterated a “neutral” rating and set a $17.30 target price on shares of Pitney Bowes in a research report on Thursday, July 30th. Citizens Jmp boosted their price target on shares of Pitney Bowes from $19.00 to $22.00 and gave the stock a “market outperform” rating in a research note on Friday, July 31st. Zacks Research cut shares of Pitney Bowes from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 2nd. Finally, Weiss Ratings raised shares of Pitney Bowes from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, October 8th. Three research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Pitney Bowes presently has a consensus rating of “Hold” and a consensus price target of $18.45.

Insider Activity

In other news, EVP Todd Everett sold 25,000 shares of the stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $18.07, for a total transaction of $451,750.00. Following the transaction, the executive vice president directly owned 96,048 shares in the company, valued at approximately $1,735,587.36. This represents a 20.65% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Deborah Pfeiffer sold 20,000 shares of the firm’s stock in a transaction dated Tuesday, September 8th. The shares were sold at an average price of $17.11, for a total value of $342,200.00. Following the transaction, the executive vice president directly owned 79,223 shares in the company, valued at approximately $1,355,505.53. This represents a 20.16% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 1,461,767 shares of company stock worth $25,920,799. 6.50% of the stock is currently owned by insiders.

Pitney Bowes Stock Up 0.2%

PBI opened at $17.40 on Thursday. The stock has a market cap of $2.39 billion, a PE ratio of 14.26, a P/E/G ratio of 0.70 and a beta of 1.66. Pitney Bowes Inc. has a 52 week low of $8.95 and a 52 week high of $19.07. The business’s fifty day simple moving average is $16.84 and its 200 day simple moving average is $16.40.

Pitney Bowes (NYSE:PBI) last released its quarterly earnings results on Wednesday, July 29th. The technology company reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.09. Pitney Bowes had a negative return on equity of 31.37% and a net margin of 10.04%. The business had revenue of $451.50 million for the quarter, compared to the consensus estimate of $453.94 million. During the same quarter last year, the business posted $0.27 earnings per share. The company’s revenue for the quarter was down 2.4% on a year-over-year basis. Pitney Bowes has set its FY 2026 guidance at 1.550-1.700 EPS. As a group, equities analysts anticipate that Pitney Bowes Inc. will post 1.68 earnings per share for the current year.

Pitney Bowes Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 8th. Stockholders of record on Monday, August 10th were given a dividend of $0.01 per share. The ex-dividend date was Monday, August 10th. This represents a $0.04 annualized dividend and a dividend yield of 0.2%. Pitney Bowes’s dividend payout ratio is 32.79%.

About Pitney Bowes

Pitney Bowes Inc (NYSE:PBI) is a global technology and services company that helps businesses manage mailing, shipping and related communications. Its offerings include postage meters, mailing systems, shipping software, parcel management tools, address and data services, and equipment financing and support.

The company serves small businesses, large enterprises and government organizations through solutions designed to streamline the preparation, processing and delivery of physical mail and packages.