1,273,272 Pitney Bowes Inc. $PBI Shares Bought by Assenagon Asset Management S.A.

Key Points

• Assenagon Asset Management increased its Pitney Bowes stake by 3,481.5%, buying 1.27 million shares to own approximately 0.96% of the company. Institutional investors collectively hold 67.88% of PBI.
• Pitney Bowes reported quarterly EPS of $0.43, exceeding the $0.34 analyst consensus, though revenue declined 2.4% year over year. The company maintains FY 2026 EPS guidance of $1.55–$1.70 and pays a $0.01 quarterly dividend.
• Insiders sold 1.46 million shares worth approximately $25.9 million over the past three months. Analysts’ average rating is Hold, with an average price target of $18.45 compared with the stock’s reported price of $17.09.

Assenagon Asset Management S.A. increased its stake in Pitney Bowes Inc. (NYSE:PBI - Free Report) by 3,481.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,309,845 shares of the technology company's stock after acquiring an additional 1,273,272 shares during the period. Assenagon Asset Management S.A. owned about 0.96% of Pitney Bowes worth $21,377,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Longview Financial Advisors Inc. bought a new stake in Pitney Bowes in the first quarter worth $26,000. Nykredit A S bought a new position in shares of Pitney Bowes during the second quarter valued at about $46,000. Public Employees Retirement System of Ohio bought a new position in shares of Pitney Bowes during the second quarter valued at about $46,000. Plato Investment Management Ltd purchased a new position in shares of Pitney Bowes in the second quarter worth about $55,000. Finally, IFP Advisors Inc increased its holdings in shares of Pitney Bowes by 5,373.7% in the second quarter. IFP Advisors Inc now owns 3,120 shares of the technology company's stock worth $55,000 after buying an additional 3,063 shares during the period. Institutional investors own 67.88% of the company's stock.

Pitney Bowes Stock Up 0.3%

NYSE:PBI opened at $17.09 on Monday. The stock has a market cap of $2.34 billion, a P/E ratio of 14.01, a price-to-earnings-growth ratio of 0.68 and a beta of 1.66. The firm's fifty day simple moving average is $16.81 and its 200 day simple moving average is $16.27. Pitney Bowes Inc. has a twelve month low of $8.95 and a twelve month high of $19.07.

• Pitney Bowes NYSE: PBI is Surging, Is it Too Risky?

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

Pitney Bowes Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 8th. Investors of record on Monday, August 10th were paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend was Monday, August 10th. Pitney Bowes's dividend payout ratio is presently 32.79%.

Insider Buying and Selling

In other Pitney Bowes news, CEO Kurt Wolf sold 430,443 shares of the firm's stock in a transaction dated Thursday, July 30th. The shares were sold at an average price of $18.23, for a total value of $7,846,975.89. Following the completion of the sale, the chief executive officer directly owned 179,190 shares in the company, valued at $3,266,633.70. This trade represents a 70.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Deborah Pfeiffer sold 20,000 shares of the firm's stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of $17.11, for a total transaction of $342,200.00. Following the completion of the sale, the executive vice president owned 79,223 shares of the company's stock, valued at $1,355,505.53. This trade represents a 20.16% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 1,461,767 shares of company stock valued at $25,920,799 over the last three months. Corporate insiders own 6.50% of the company's stock.

Analysts Set New Price Targets

Several brokerages have weighed in on PBI. Zacks Research downgraded Pitney Bowes from a "strong-buy" rating to a "hold" rating in a research report on Friday, October 2nd. Truist Financial increased their price objective on Pitney Bowes from $15.00 to $18.00 and gave the company a "hold" rating in a research note on Friday, July 31st. Weiss Ratings upgraded shares of Pitney Bowes from a "buy (b-)" rating to a "buy (b)" rating in a report on Thursday, October 8th. Citigroup restated a "market outperform" rating on shares of Pitney Bowes in a report on Friday, July 31st. Finally, Citizens Jmp lifted their target price 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. Three 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, the company presently has an average rating of "Hold" and an average target price of $18.45.

About Pitney Bowes

Pitney Bowes Inc NYSE: PBI is a technology, mailing and shipping services company that helps businesses manage physical and digital communications, postage and parcel delivery. Its offerings include postage meters, mailing systems, shipping software, parcel lockers and related supplies, financing and support services.

The company's products are designed for organizations ranging from small businesses to large enterprises and government agencies. Its SendPro platform integrates postage purchasing, carrier selection, shipping labels, tracking and reporting, while Pitney Bowes also provides solutions for mailroom operations, document management and transactional communications.

Founded in 1920 by Arthur Pitney and Walter Bowes, the company initially became known for its postage-meter technology, which helped automate the mailing process.

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