Caxton Associates LLP Makes New $1.70 Million Investment in Pitney Bowes Inc. $PBI

Key Points

• Caxton Associates LLP has made a new investment of approximately $1.70 million in Pitney Bowes Inc. by acquiring 187,479 shares, increasing its ownership to 0.10% of the company.
• Pitney Bowes recently reported earnings of $0.27 per share, meeting consensus estimates, but experienced a 5.7% year-over-year decline in revenue.
• The company has announced a quarterly dividend increase to $0.08 per share, representing an annualized yield of 2.5%, and authorized a share repurchase plan of $400 million.

Caxton Associates LLP purchased a new stake in Pitney Bowes Inc. (NYSE:PBI - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 187,479 shares of the technology company's stock, valued at approximately $1,697,000. Caxton Associates LLP owned 0.10% of Pitney Bowes at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in PBI. PFG Investments LLC boosted its holdings in Pitney Bowes by 14.6% in the first quarter. PFG Investments LLC now owns 12,884 shares of the technology company's stock valued at $117,000 after acquiring an additional 1,644 shares during the last quarter. Atria Wealth Solutions Inc. lifted its position in shares of Pitney Bowes by 4.3% in the 1st quarter. Atria Wealth Solutions Inc. now owns 85,340 shares of the technology company's stock worth $772,000 after purchasing an additional 3,500 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Pitney Bowes by 4.4% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 92,275 shares of the technology company's stock worth $668,000 after purchasing an additional 3,904 shares during the period. Quantbot Technologies LP bought a new stake in shares of Pitney Bowes in the 1st quarter valued at $36,000. Finally, Cambridge Investment Research Advisors Inc. increased its position in shares of Pitney Bowes by 8.8% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 60,409 shares of the technology company's stock worth $547,000 after buying an additional 4,866 shares during the period. 67.88% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, Wall Street Zen lowered shares of Pitney Bowes from a "strong-buy" rating to a "buy" rating in a report on Friday, August 22nd. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has an average rating of "Hold".

Insider Transactions at Pitney Bowes

In other news, EVP Deborah Pfeiffer sold 35,000 shares of the business's stock in a transaction that occurred on Monday, July 14th. The stock was sold at an average price of $12.14, for a total transaction of $424,900.00. Following the completion of the sale, the executive vice president owned 115,405 shares in the company, valued at $1,401,016.70. The trade was a 23.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Brent D. Rosenthal bought 3,000 shares of the business's stock in a transaction that occurred on Wednesday, September 3rd. The stock was purchased at an average price of $11.97 per share, for a total transaction of $35,910.00. Following the completion of the acquisition, the director owned 3,000 shares in the company, valued at $35,910. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 9.00% of the company's stock.

Pitney Bowes Stock Up 3.2%

NYSE:PBI opened at $12.68 on Tuesday. Pitney Bowes Inc. has a twelve month low of $6.22 and a twelve month high of $13.11. The company has a fifty day moving average of $11.69 and a 200-day moving average of $10.25. The firm has a market capitalization of $2.18 billion, a P/E ratio of -21.13, a P/E/G ratio of 0.63 and a beta of 1.29.

Pitney Bowes (NYSE:PBI - Get Free Report) last issued its earnings results on Wednesday, July 30th. The technology company reported $0.27 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.27. The business had revenue of $461.91 million for the quarter, compared to analyst estimates of $475.92 million. Pitney Bowes had a negative net margin of 5.60% and a negative return on equity of 38.01%. Pitney Bowes's revenue was down 5.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.03 earnings per share. Pitney Bowes has set its FY 2025 guidance at 1.200-1.400 EPS. On average, analysts anticipate that Pitney Bowes Inc. will post 1.21 EPS for the current fiscal year.

Pitney Bowes Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 8th. Stockholders of record on Monday, August 11th were paid a $0.08 dividend. The ex-dividend date was Monday, August 11th. This represents a $0.32 annualized dividend and a dividend yield of 2.5%. This is a boost from Pitney Bowes's previous quarterly dividend of $0.07. Pitney Bowes's dividend payout ratio (DPR) is -53.33%.

Pitney Bowes declared that its board has authorized a share repurchase plan on Wednesday, July 30th that allows the company to repurchase $400.00 million in outstanding shares. This repurchase authorization allows the technology company to repurchase up to 18.9% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company's management believes its shares are undervalued.

Pitney Bowes Company Profile

Pitney Bowes Inc, a shipping and mailing company, provides technology, logistics, and financial services to small and medium-sized businesses, large enterprises, retailers, and government clients in the United States and internationally. It operates through Global Ecommerce, Presort Services, and SendTech Solutions segments.

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