Danske Bank A S Takes $13.34 Million Position in Pitney Bowes Inc. $PBI

Danske Bank A S acquired a new stake in shares of Pitney Bowes Inc. (NYSE:PBI) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 761,248 shares of the technology company’s stock, valued at approximately $13,337,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Longview Financial Advisors Inc. acquired a new stake in Pitney Bowes in the first quarter worth approximately $26,000. EverSource Wealth Advisors LLC grew its holdings in Pitney Bowes by 41.3% during the second quarter. EverSource Wealth Advisors LLC now owns 3,472 shares of the technology company’s stock worth $38,000 after acquiring an additional 1,015 shares during the period. Hantz Financial Services Inc. grew its holdings in Pitney Bowes by 190.9% during the fourth quarter. Hantz Financial Services Inc. now owns 3,747 shares of the technology company’s stock worth $40,000 after acquiring an additional 2,459 shares during the period. UMB Bank n.a. lifted its holdings in Pitney Bowes by 404.6% in the 4th quarter. UMB Bank n.a. now owns 4,022 shares of the technology company’s stock valued at $43,000 after acquiring an additional 3,225 shares during the last quarter. Finally, Canada Pension Plan Investment Board bought a new position in shares of Pitney Bowes during the 2nd quarter valued at about $51,000. Institutional investors own 67.88% of the company’s stock.

Pitney Bowes Stock Up 0.5%

Pitney Bowes stock opened at $16.17 on Friday. Pitney Bowes Inc. has a 12 month low of $8.95 and a 12 month high of $19.07. The stock has a market cap of $2.22 billion, a P/E ratio of 13.25, a P/E/G ratio of 0.64 and a beta of 1.63. The company’s fifty day simple moving average is $17.47 and its 200-day simple moving average is $14.44.

Pitney Bowes (NYSE:PBI) last announced its quarterly earnings data on Wednesday, July 29th. The technology company reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.09. The business had revenue of $451.50 million during the quarter, compared to analyst estimates of $453.94 million. Pitney Bowes had a negative return on equity of 31.37% and a net margin of 10.04%.Pitney Bowes’s quarterly revenue was down 2.4% compared to the same quarter last year. During the same period last year, the company earned $0.27 earnings per share. Pitney Bowes has set its FY 2026 guidance at 1.550-1.700 EPS. On average, equities research analysts expect that Pitney Bowes Inc. will post 1.68 earnings per share for the current fiscal year.

Pitney Bowes Dividend Announcement

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

Insider Activity at Pitney Bowes

In related news, EVP Todd A. Everett sold 25,000 shares of the stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $18.07, for a total value of $451,750.00. Following the transaction, the executive vice president owned 96,048 shares in the company, valued at approximately $1,735,587.36. This represents a 20.65% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Kurt James Wolf sold 413,266 shares of the firm’s stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $18.11, for a total transaction of $7,484,247.26. Following the transaction, the chief executive officer directly owned 122,963 shares in the company, valued at approximately $2,226,859.93. The trade was a 77.07% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 2,435,900 shares of company stock valued at $42,634,452. 6.50% of the stock is currently owned by company insiders.

Analyst Ratings Changes

PBI has been the subject of several recent research reports. Citigroup reissued a “market outperform” rating on shares of Pitney Bowes in a research note on Friday, July 31st. Wall Street Zen raised Pitney Bowes from a “buy” rating to a “strong-buy” rating in a research note on Saturday, April 25th. Weiss Ratings upgraded Pitney Bowes from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, July 31st. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $17.30 target price on shares of Pitney Bowes in a report on Thursday, July 30th. Finally, Bank of America upgraded Pitney Bowes from an “underperform” rating to a “neutral” rating and increased their price target for the company from $9.50 to $16.50 in a research report on Monday, May 11th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, Pitney Bowes presently has an average rating of “Moderate Buy” and a consensus price target of $18.45.

Pitney Bowes Company Profile

Pitney Bowes Inc (NYSE: PBI) is an American technology company that specializes in shipping, mailing, and e-commerce solutions. Founded in 1920 by Walter Bowes and Arthur Pitney, the company pioneered postage meter technology and has since evolved to offer a broad portfolio of hardware, software, and services designed to streamline physical and digital communications. Headquartered in Stamford, Connecticut, Pitney Bowes leverages a century of expertise to serve enterprises, small businesses, and government agencies around the globe.

The company’s core offerings span mailing and shipping equipment, including postage meters, folder inserters, and address verification systems, alongside integrated software platforms for customer information management, data analytics, and location intelligence.