Bank of America Corp DE Purchases 92,607 Shares of Pitney Bowes Inc. $PBI

Key Points

• Bank of America increased its Pitney Bowes stake by 39.5% in the first quarter, buying 92,607 additional shares for a total position of 326,865 shares. Institutional investors now own 67.88% of the company.
• Pitney Bowes reported quarterly EPS of $0.43, beating estimates of $0.34, while revenue of $451.5 million declined 2.4% year over year. The company maintained fiscal 2026 EPS guidance of $1.55–$1.70.
• Despite analysts’ generally positive outlook—with a consensus “Moderate Buy” rating—insiders sold 2.42 million shares worth approximately $42.3 million over the past three months, including significant sales by the CEO and an executive vice president.

Bank of America Corp DE increased its position in shares of Pitney Bowes Inc. (NYSE:PBI - Free Report) by 39.5% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 326,865 shares of the technology company's stock after buying an additional 92,607 shares during the period. Bank of America Corp DE owned 0.24% of Pitney Bowes worth $3,612,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Royal Bank of Canada raised its holdings in shares of Pitney Bowes by 133.1% in the 1st quarter. Royal Bank of Canada now owns 52,958 shares of the technology company's stock valued at $478,000 after purchasing an additional 30,238 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Pitney Bowes by 5.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 97,424 shares of the technology company's stock valued at $882,000 after buying an additional 5,149 shares during the period. United Services Automobile Association bought a new stake in Pitney Bowes in the first quarter valued at approximately $96,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Pitney Bowes by 18.2% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 470,488 shares of the technology company's stock valued at $4,258,000 after buying an additional 72,437 shares during the last quarter. Finally, Intech Investment Management LLC lifted its position in shares of Pitney Bowes by 15.5% in the first quarter. Intech Investment Management LLC now owns 195,309 shares of the technology company's stock valued at $1,768,000 after buying an additional 26,260 shares during the last quarter. 67.88% of the stock is owned by institutional investors.

Pitney Bowes Price Performance

Shares of NYSE:PBI opened at $17.23 on Friday. The company has a market capitalization of $2.36 billion, a P/E ratio of 14.12, a P/E/G ratio of 0.69 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 50 day simple moving average is $17.41 and its 200 day simple moving average is $14.68.

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

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

Pitney Bowes Dividend Announcement

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

Insider Activity

In other news, CEO Kurt James Wolf sold 430,443 shares of the company's stock in a transaction that occurred on Thursday, July 30th. The shares were sold at an average price of $18.23, for a total transaction of $7,846,975.89. Following the completion of the sale, the chief executive officer owned 179,190 shares of the company's stock, valued at approximately $3,266,633.70. This represents a 70.61% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Todd A. Everett sold 25,000 shares of the company's stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $18.07, for a total transaction of $451,750.00. Following the sale, the executive vice president directly owned 96,048 shares of the company's stock, valued at approximately $1,735,587.36. This trade represents a 20.65% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 2,417,150 shares of company stock worth $42,333,327. Insiders own 6.50% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Citigroup reaffirmed a "market outperform" rating on shares of Pitney Bowes in a research report on Friday, July 31st. The Goldman Sachs Group restated a "neutral" rating and set a $17.30 target price on shares of Pitney Bowes in a research note on Thursday, July 30th. 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 report on Friday, July 31st. Zacks Research upgraded shares of Pitney Bowes from a "hold" rating to a "strong-buy" rating in a research note on Monday, August 10th. Finally, Weiss Ratings raised shares of Pitney Bowes from a "hold (c+)" rating to a "buy (b-)" rating in a report on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus 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.

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