Alberta Investment Management Corp purchased a new stake in Pitney Bowes Inc. (NYSE:PBI - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 363,800 shares of the technology company's stock, valued at approximately $6,374,000. Alberta Investment Management Corp owned approximately 0.27% of Pitney Bowes at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. Longview Financial Advisors Inc. acquired a new position in Pitney Bowes in the first quarter worth about $26,000. EverSource Wealth Advisors LLC raised its stake 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 valued at $38,000 after buying an additional 1,015 shares in the last quarter. Hantz Financial Services Inc. raised its stake 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 valued at $40,000 after buying an additional 2,459 shares in the last quarter. UMB Bank n.a. lifted its holdings in Pitney Bowes by 404.6% during the 4th quarter. UMB Bank n.a. now owns 4,022 shares of the technology company's stock worth $43,000 after buying an additional 3,225 shares during the last quarter. Finally, Canada Pension Plan Investment Board bought a new position in Pitney Bowes during the 2nd quarter worth approximately $51,000. 67.88% of the stock is currently owned by institutional investors.
Insider Activity
In related news, CEO Kurt James Wolf sold 430,443 shares of the stock in a transaction that occurred on Thursday, July 30th. The stock was sold at an average price of $18.23, for a total value of $7,846,975.89. Following the completion of the transaction, the chief executive officer directly owned 179,190 shares of the company's stock, valued at $3,266,633.70. This represents a 70.61% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders sold 2,476,376 shares of company stock worth $43,266,688 in the last three months. Insiders own 6.50% of the company's stock.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently weighed in on the company. Wall Street Zen upgraded Pitney Bowes from a "buy" rating to a "strong-buy" rating in a report on Saturday, April 25th. The Goldman Sachs Group restated a "neutral" rating and set a $17.30 price objective on shares of Pitney Bowes in a research note on Thursday, July 30th. Weiss Ratings raised shares of Pitney Bowes from a "hold (c+)" rating to a "buy (b-)" rating in a report on Friday, July 31st. Citizens Jmp boosted their target price on shares of Pitney Bowes from $19.00 to $22.00 and gave the company a "market outperform" rating in a research note on Friday, July 31st. Finally, Zacks Research raised shares of Pitney Bowes from a "hold" rating to a "strong-buy" rating in a report on Monday, August 10th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat, Pitney Bowes has an average rating of "Moderate Buy" and a consensus target price of $18.45.
View Our Latest Analysis on Pitney Bowes
Pitney Bowes Price Performance
Shares of NYSE PBI opened at $16.40 on Monday. The firm has a market capitalization of $2.25 billion, a PE ratio of 13.44, a P/E/G ratio of 0.66 and a beta of 1.63. Pitney Bowes Inc. has a 1-year low of $8.95 and a 1-year high of $19.07. The business's fifty day moving average price is $17.53 and its two-hundred day moving average price is $14.28.
Pitney Bowes (NYSE:PBI - Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The technology company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $451.50 million during the quarter, compared to the consensus estimate of $453.94 million. During the same quarter in the previous year, the company posted $0.27 earnings per share. The company's revenue for the quarter 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. Equities research analysts expect that Pitney Bowes Inc. will post 1.68 earnings per share for the current fiscal year.
Pitney Bowes Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 8th. Stockholders 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 annualized dividend and a dividend yield of 0.2%. Pitney Bowes's payout ratio is currently 32.79%.
Pitney Bowes Profile
(
Free Report)
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.
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