Cibc World Market Inc. Makes New $14.03 Million Investment in Pitney Bowes Inc. $PBI

Cibc World Market Inc. bought a new position in shares of Pitney Bowes Inc. (NYSE:PBI) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor bought 800,667 shares of the technology company’s stock, valued at approximately $14,028,000.

A number of other institutional investors have also recently modified their holdings of PBI. BlackRock Inc. acquired a new position in Pitney Bowes in the 2nd quarter worth about $220,473,000. State Street Corp increased its position in shares of Pitney Bowes by 3.1% in the second quarter. State Street Corp now owns 6,366,188 shares of the technology company’s stock valued at $69,455,000 after buying an additional 188,886 shares in the last quarter. LSV Asset Management increased its position in shares of Pitney Bowes by 246.7% in the fourth quarter. LSV Asset Management now owns 4,197,189 shares of the technology company’s stock valued at $44,364,000 after buying an additional 2,986,689 shares in the last quarter. Permit Capital LLC raised its stake in shares of Pitney Bowes by 14.0% during the 4th quarter. Permit Capital LLC now owns 3,250,000 shares of the technology company’s stock worth $34,352,000 after buying an additional 400,000 shares during the period. Finally, Capital Management Corp VA raised its stake in shares of Pitney Bowes by 25.3% during the 4th quarter. Capital Management Corp VA now owns 2,930,328 shares of the technology company’s stock worth $30,974,000 after buying an additional 592,568 shares during the period. 67.88% of the stock is currently owned by institutional investors and hedge funds.

Pitney Bowes Trading Up 0.4%

PBI opened at $16.55 on Tuesday. The firm has a market capitalization of $2.27 billion, a PE ratio of 13.57, a PEG ratio of 0.66 and a beta of 1.63. Pitney Bowes Inc. has a twelve month low of $8.95 and a twelve month high of $19.07. The firm’s 50-day moving average price is $17.44 and its 200 day moving average price is $14.53.

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

Pitney Bowes Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 8th. Investors of record on Monday, August 10th will be given a dividend of $0.01 per share. The ex-dividend date is Monday, August 10th. This represents a $0.04 dividend on an annualized basis and a yield of 0.2%. Pitney Bowes’s dividend payout ratio (DPR) is presently 32.79%.

Insider Buying and Selling

In other Pitney Bowes news, CEO Kurt James Wolf sold 430,443 shares of the business’s stock in a transaction on Thursday, July 30th. The stock was sold at an average price of $18.23, for a total transaction of $7,846,975.89. Following the transaction, the chief executive officer owned 179,190 shares of the company’s stock, valued at approximately $3,266,633.70. The trade was a 70.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Todd A. Everett sold 25,000 shares of the company’s stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $18.07, for a total value of $451,750.00. Following the completion of the sale, the executive vice president owned 96,048 shares of the company’s stock, valued at approximately $1,735,587.36. The trade was a 20.65% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 2,435,900 shares of company stock worth $42,634,452. 6.50% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on PBI. Weiss Ratings raised shares of Pitney Bowes from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, July 31st. Citizens Jmp upped their price objective on shares of Pitney Bowes from $19.00 to $22.00 and gave the stock a “market outperform” rating in a research report on Friday, July 31st. Zacks Research raised shares of Pitney Bowes from a “hold” rating to a “strong-buy” rating in a report on Monday, August 10th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $17.30 target price on shares of Pitney Bowes in a research report on Thursday, July 30th. Finally, Bank of America raised shares of Pitney Bowes from an “underperform” rating to a “neutral” rating and boosted their target price for the stock from $9.50 to $16.50 in a research note on Monday, May 11th. One 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 stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $18.45.

About Pitney Bowes

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.