Danske Bank A S Acquires Shares of 761,248 Pitney Bowes Inc. $PBI

Key Points

• Danske Bank acquired 761,248 Pitney Bowes shares during the second quarter, worth approximately $13.3 million and representing about 0.56% of the company. Institutional investors and hedge funds collectively own 67.88% of PBI.
• Analyst sentiment is generally positive, with a consensus rating of “Moderate Buy” and an average price target of $18.45. Recent upgrades included “Strong Buy” ratings from Wall Street Zen and Zacks Research.
• Pitney Bowes reported quarterly EPS of $0.43, beating estimates of $0.34, though revenue declined 2.4% year over year to $451.5 million. Meanwhile, company insiders sold 2.44 million shares over the past quarter, including substantial reductions by the CEO and an executive vice president.

Danske Bank A S acquired a new position in shares of Pitney Bowes Inc. (NYSE:PBI - Free Report) during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund acquired 761,248 shares of the technology company's stock, valued at approximately $13,337,000. Danske Bank A S owned about 0.56% of Pitney Bowes as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. BlackRock Inc. acquired a new stake in shares of Pitney Bowes during the second quarter worth approximately $220,473,000. LSV Asset Management boosted its stake in Pitney Bowes by 246.7% during the 4th quarter. LSV Asset Management now owns 4,197,189 shares of the technology company's stock valued at $44,364,000 after acquiring an additional 2,986,689 shares during the last quarter. Bank of New York Mellon Corp acquired a new position in Pitney Bowes during the 2nd quarter worth $28,683,000. Assenagon Asset Management S.A. acquired a new position in Pitney Bowes during the 1st quarter worth $16,403,000. Finally, Pacer Advisors Inc. bought a new stake in shares of Pitney Bowes in the 1st quarter worth about $12,950,000. 67.88% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on PBI. Wall Street Zen upgraded shares of Pitney Bowes from a "buy" rating to a "strong-buy" rating in a research note on Saturday, April 25th. Zacks Research raised Pitney Bowes from a "hold" rating to a "strong-buy" rating in a report on Monday, August 10th. Citizens Jmp upped their price objective on Pitney Bowes from $19.00 to $22.00 and gave the company a "market outperform" rating in a research note on Friday, July 31st. The Goldman Sachs Group reaffirmed a "neutral" rating and set a $17.30 target price on shares of Pitney Bowes in a report on Thursday, July 30th. Finally, Weiss Ratings upgraded Pitney Bowes from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $18.45.

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

Insider Activity at Pitney Bowes

In related news, CEO Kurt James Wolf sold 430,443 shares of the firm's 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 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Todd A. Everett sold 25,000 shares of Pitney Bowes stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $18.07, for a total value of $451,750.00. Following the sale, the executive vice president directly owned 96,048 shares in the company, valued at $1,735,587.36. The trade was a 20.65% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 2,435,900 shares of company stock valued at $42,634,452. Insiders own 6.50% of the company's stock.

Pitney Bowes Stock Up 0.5%

PBI stock opened at $16.17 on Friday. Pitney Bowes Inc. has a fifty-two week low of $8.95 and a fifty-two week high of $19.07. The firm's 50-day simple moving average is $17.47 and its 200 day simple moving average is $14.44. The stock has a market cap of $2.22 billion, a PE ratio of 13.25, a price-to-earnings-growth ratio of 0.64 and a beta of 1.63.

Pitney Bowes (NYSE:PBI - Get Free Report) last posted its earnings results 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 firm had revenue of $451.50 million during the quarter, compared to analyst estimates of $453.94 million. During the same period in the previous year, the business posted $0.27 EPS. Pitney Bowes'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. Equities analysts forecast that Pitney Bowes Inc. will post 1.68 EPS 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%.

About Pitney Bowes

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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