Deutsche Bank AG Purchases 707,133 Shares of Pitney Bowes Inc. $PBI

Key Points

• Deutsche Bank AG significantly increased its holdings in Pitney Bowes by 493.1%, owning 850,538 shares worth approximately $7.7 million as of its latest SEC filing.
• Pitney Bowes reported **earnings per share of $0.27** for the last quarter, meeting analysts' expectations, but experienced a **5.7% decline in revenue** year-over-year.
• The company also authorized a **$400 million share buyback program**, indicating management's belief that the stock is undervalued.

Deutsche Bank AG lifted its position in shares of Pitney Bowes Inc. (NYSE:PBI - Free Report) by 493.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 850,538 shares of the technology company's stock after purchasing an additional 707,133 shares during the period. Deutsche Bank AG owned about 0.46% of Pitney Bowes worth $7,697,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. PFG Investments LLC grew its holdings in shares of Pitney Bowes by 14.6% during the first quarter. PFG Investments LLC now owns 12,884 shares of the technology company's stock worth $117,000 after purchasing an additional 1,644 shares during the last quarter. Bank of Montreal Can grew its holdings in shares of Pitney Bowes by 8.6% during the fourth quarter. Bank of Montreal Can now owns 37,259 shares of the technology company's stock worth $270,000 after purchasing an additional 2,962 shares during the last quarter. Atria Wealth Solutions Inc. lifted its stake in shares of Pitney Bowes by 4.3% in the first quarter. Atria Wealth Solutions Inc. now owns 85,340 shares of the technology company's stock worth $772,000 after acquiring an additional 3,500 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Pitney Bowes by 4.4% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 92,275 shares of the technology company's stock worth $668,000 after acquiring an additional 3,904 shares during the period. Finally, Corton Capital Inc. lifted its stake in shares of Pitney Bowes by 16.9% in the fourth quarter. Corton Capital Inc. now owns 30,456 shares of the technology company's stock worth $221,000 after acquiring an additional 4,407 shares during the period. 67.88% of the stock is currently owned by institutional investors.

Insider Transactions at Pitney Bowes

In other Pitney Bowes 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 value of $424,900.00. Following the transaction, the executive vice president directly owned 115,405 shares of the company's stock, valued at approximately $1,401,016.70. The trade was a 23.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 9.00% of the company's stock.

Pitney Bowes Stock Down 0.6%

PBI traded down $0.0650 during trading on Wednesday, hitting $11.3550. The company's stock had a trading volume of 2,726,743 shares, compared to its average volume of 4,160,486. Pitney Bowes Inc. has a twelve month low of $6.22 and a twelve month high of $13.11. The stock's fifty day moving average price is $11.27 and its 200-day moving average price is $10.02. The firm has a market capitalization of $1.95 billion, a P/E ratio of -18.93, a PEG ratio of 0.59 and a beta of 1.54.

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

Pitney Bowes declared that its Board of Directors has initiated a stock buyback 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 an indication that the company's board believes its shares are undervalued.

Pitney Bowes Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 8th. Shareholders of record on Monday, August 11th will be paid a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 2.8%. This is a boost from Pitney Bowes's previous quarterly dividend of $0.07. The ex-dividend date of this dividend is Monday, August 11th. Pitney Bowes's payout ratio is presently -53.33%.

Analyst Ratings Changes

A number of research firms recently commented on PBI. Sidoti raised Pitney Bowes to a "hold" rating in a research note on Monday, May 5th. Wall Street Zen lowered Pitney Bowes from a "strong-buy" rating to a "buy" rating in a research note on Thursday, May 15th. One 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".

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.