BlackRock Inc. Invests $220.47 Million in Pitney Bowes Inc. $PBI

Key Points

• BlackRock purchased 12.58 million Pitney Bowes shares worth approximately $220.5 million, giving it a 9.18% stake; institutional investors collectively own 67.88% of the company.
• Analyst sentiment is broadly positive, with a consensus “Moderate Buy” rating and an average price target of $18.45. Recent upgrades included Zacks Research moving the stock to “Strong Buy” and Bank of America raising its rating to “Neutral.”
• Pitney Bowes beat quarterly EPS estimates, reporting $0.43 versus expectations of $0.34, although revenue declined 2.4% year over year. Meanwhile, insiders sold roughly 2.42 million shares worth $42.3 million in the last quarter.

BlackRock Inc. purchased a new stake in Pitney Bowes Inc. (NYSE:PBI - Free Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 12,584,067 shares of the technology company's stock, valued at approximately $220,473,000. BlackRock Inc. owned about 9.18% of Pitney Bowes at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in PBI. Longview Financial Advisors Inc. bought a new stake in Pitney Bowes in the first quarter worth about $26,000. EverSource Wealth Advisors LLC grew its stake in shares of 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 during the last quarter. Hantz Financial Services Inc. grew its stake in shares of 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 during the last quarter. UMB Bank n.a. raised its holdings in shares of Pitney Bowes by 404.6% in the fourth 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 period. Finally, Canada Pension Plan Investment Board purchased a new stake in shares of Pitney Bowes in the second quarter worth approximately $51,000. Hedge funds and other institutional investors own 67.88% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on PBI shares. Citigroup reissued a "market outperform" rating on shares of Pitney Bowes in a research note on Friday, July 31st. Zacks Research raised shares of Pitney Bowes from a "hold" rating to a "strong-buy" rating in a research note on Monday, August 10th. Truist Financial lifted their price objective on shares of Pitney Bowes from $15.00 to $18.00 and gave the company a "hold" rating in a report on Friday, July 31st. Bank of America raised shares of Pitney Bowes from an "underperform" rating to a "neutral" rating and boosted their price objective for the company from $9.50 to $16.50 in a research report on Monday, May 11th. Finally, The Goldman Sachs Group restated a "neutral" rating and issued a $17.30 target price on shares of Pitney Bowes in a research note on Thursday, July 30th. One investment 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's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $18.45.

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

Insider Buying and Selling

In other 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 transaction of $451,750.00. Following the transaction, the executive vice president owned 96,048 shares in the company, valued at $1,735,587.36. This trade represents a 20.65% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Kurt James Wolf sold 430,443 shares of the business's stock in a transaction dated 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 sale, 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 2,417,150 shares of company stock worth $42,333,327 in the last quarter. 6.50% of the stock is currently owned by company insiders.

Pitney Bowes Stock Performance

Shares of NYSE PBI opened at $17.27 on Friday. Pitney Bowes Inc. has a fifty-two week low of $8.95 and a fifty-two week high of $19.07. The company has a market cap of $2.37 billion, a PE ratio of 14.15, a P/E/G ratio of 0.68 and a beta of 1.63. The business has a 50-day simple moving average of $17.42 and a two-hundred day simple moving average of $14.66.

Pitney Bowes (NYSE:PBI - Get Free Report) last released its 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 negative return on equity of 31.37% and a net margin of 10.04%.The firm had revenue of $451.50 million for the quarter, compared to the consensus estimate of $453.94 million. During the same period in the prior year, the firm earned $0.27 EPS. The firm's revenue was down 2.4% on a year-over-year basis. Pitney Bowes has set its FY 2026 guidance at 1.550-1.700 EPS. On average, sell-side analysts predict that Pitney Bowes Inc. will post 1.68 earnings per share for the current fiscal year.

Pitney Bowes Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 8th. Investors of record on Monday, August 10th will be issued a $0.01 dividend. The ex-dividend date of this dividend 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 is presently 32.79%.

Pitney Bowes 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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