EntryPoint Capital LLC Increases Holdings in Pitney Bowes Inc. $PBI

Key Points

• EntryPoint Capital LLC significantly increased its holdings in Pitney Bowes Inc. by 95.4%, acquiring additional 25,022 shares, bringing their total ownership to 51,251 shares valued at $464,000.
• Pitney Bowes declared a quarterly dividend increase to $0.08 per share, up from the previous $0.07, reflecting a yield of 2.8%.
• The company has initiated a $400 million stock buyback program, indicating management’s belief that the stock is undervalued.

EntryPoint Capital LLC lifted its stake in Pitney Bowes Inc. (NYSE:PBI - Free Report) by 95.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 51,251 shares of the technology company's stock after acquiring an additional 25,022 shares during the period. EntryPoint Capital LLC's holdings in Pitney Bowes were worth $464,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in PBI. American Assets Inc. boosted its holdings in shares of Pitney Bowes by 80.6% in the fourth quarter. American Assets Inc. now owns 130,000 shares of the technology company's stock worth $941,000 after acquiring an additional 58,000 shares during the period. Wells Fargo & Company MN boosted its stake in Pitney Bowes by 17.0% during the fourth quarter. Wells Fargo & Company MN now owns 126,424 shares of the technology company's stock valued at $915,000 after buying an additional 18,373 shares during the period. Bank of Montreal Can boosted its stake in Pitney Bowes by 8.6% during the fourth quarter. Bank of Montreal Can now owns 37,259 shares of the technology company's stock valued at $270,000 after buying an additional 2,962 shares during the period. Raymond James Financial Inc. bought a new stake in Pitney Bowes during the fourth quarter valued at $1,068,000. Finally, Barclays PLC boosted its stake in Pitney Bowes by 14.5% during the fourth quarter. Barclays PLC now owns 317,594 shares of the technology company's stock valued at $2,299,000 after buying an additional 40,125 shares during the period. 67.88% of the stock is owned by institutional investors.

Insider Activity at Pitney Bowes

In other news, EVP Deborah Pfeiffer sold 35,000 shares of Pitney Bowes stock in a transaction dated 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 owned 115,405 shares in the company, valued at approximately $1,401,016.70. The trade was a 23.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 9.00% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Wall Street Zen lowered Pitney Bowes from a "strong-buy" rating to a "buy" rating in a research note on Friday. Sidoti raised Pitney Bowes to a "hold" rating in a research note on Monday, May 5th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock presently has a consensus rating of "Hold".

Pitney Bowes Stock Down 0.6%

Shares of PBI traded down $0.08 during trading hours on Tuesday, hitting $12.31. The company had a trading volume of 1,834,616 shares, compared to its average volume of 2,644,806. The firm has a market cap of $2.12 billion, a P/E ratio of -20.49, a P/E/G ratio of 0.61 and a beta of 1.54. The stock's 50 day moving average price is $11.36 and its 200 day moving average price is $10.11. Pitney Bowes Inc. has a 52-week low of $6.22 and a 52-week high of $13.11.

Pitney Bowes (NYSE:PBI - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The technology company reported $0.27 EPS for the quarter, hitting the consensus estimate of $0.27. The firm had revenue of $461.91 million for the quarter, compared to the consensus estimate of $475.92 million. Pitney Bowes had a negative return on equity of 38.01% and a negative net margin of 5.60%.The company's quarterly revenue was down 5.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.03 earnings per share. Pitney Bowes has set its FY 2025 guidance at 1.200-1.400 EPS. On average, 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 share repurchase plan on Wednesday, July 30th that allows the company to buyback $400.00 million in outstanding shares. This buyback authorization allows the technology company to reacquire up to 18.9% of its stock through open market purchases. Stock buyback plans are often an indication that the company's board of directors believes its shares are undervalued.

Pitney Bowes Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 8th. Stockholders of record on Monday, August 11th will be issued a $0.08 dividend. This is an increase from Pitney Bowes's previous quarterly dividend of $0.07. This represents a $0.32 annualized dividend and a dividend yield of 2.6%. The ex-dividend date is Monday, August 11th. Pitney Bowes's dividend payout ratio (DPR) is presently -53.33%.

Pitney Bowes 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.