Fuller & Thaler Asset Management Inc. Makes New Investment in Pitney Bowes Inc. $PBI

Key Points

• Fuller & Thaler Asset Management Inc. recently acquired 60,390 shares of Pitney Bowes Inc., valued at approximately $547,000, reflecting growing institutional interest in the company.
• Pitney Bowes announced a quarterly dividend increase to $0.08, with plans for a $400 million stock repurchase program, indicating confidence in the company's stock valuation.
• The company's financial performance showed a negative net margin and revenue decline, with analysts currently holding a consensus rating of "Hold" for the stock.

Fuller & Thaler Asset Management Inc. acquired a new stake in shares of Pitney Bowes Inc. (NYSE:PBI - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 60,390 shares of the technology company's stock, valued at approximately $547,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Quantbot Technologies LP bought a new position in Pitney Bowes in the first quarter worth about $36,000. KBC Group NV purchased a new stake in Pitney Bowes in the first quarter worth about $65,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Pitney Bowes in the first quarter worth about $98,000. PharVision Advisers LLC purchased a new stake in Pitney Bowes in the fourth quarter worth about $107,000. Finally, PFG Investments LLC grew 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 worth $117,000 after purchasing an additional 1,644 shares during the period. 67.88% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

PBI has been the topic of a number of recent research reports. Wall Street Zen cut shares of Pitney Bowes from a "strong-buy" rating to a "buy" rating in a report on Friday. Sidoti upgraded shares of Pitney Bowes to a "hold" rating in a report on Monday, May 5th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold".

Insiders Place Their Bets

In related news, EVP Deborah Pfeiffer sold 35,000 shares of the stock in a transaction that occurred on Monday, July 14th. The shares were sold at an average price of $12.14, for a total transaction of $424,900.00. Following the transaction, the executive vice president owned 115,405 shares in the company, valued at $1,401,016.70. This represents a 23.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 9.00% of the stock is currently owned by company insiders.

Pitney Bowes Price Performance

Pitney Bowes stock traded up $0.6350 during midday trading on Monday, reaching $12.4550. 2,655,742 shares of the company traded hands, compared to its average volume of 2,641,326. The firm has a market capitalization of $2.14 billion, a price-to-earnings ratio of -20.71, a price-to-earnings-growth ratio of 0.61 and a beta of 1.54. The business has a 50 day moving average of $11.32 and a two-hundred day moving average of $10.08. Pitney Bowes Inc. has a 12 month low of $6.22 and a 12 month high of $13.11.

Pitney Bowes (NYSE:PBI - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The technology company reported $0.27 earnings per share for the quarter, meeting analysts' consensus estimates of $0.27. The company had revenue of $461.91 million for the quarter, compared to the consensus estimate of $475.92 million. Pitney Bowes had a negative net margin of 5.60% and a negative return on equity of 38.01%. The firm's revenue for the quarter was down 5.7% compared to the same quarter last year. During the same quarter 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. As a group, equities analysts forecast that Pitney Bowes Inc. will post 1.21 EPS for the current year.

Pitney Bowes Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 8th. Investors of record on Monday, August 11th will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 2.6%. This is a positive change from Pitney Bowes's previous quarterly dividend of $0.07. The ex-dividend date is Monday, August 11th. Pitney Bowes's payout ratio is currently -53.33%.

Pitney Bowes declared that its Board of Directors has authorized a share buyback plan on Wednesday, July 30th that authorizes the company to buyback $400.00 million in outstanding shares. This buyback authorization authorizes the technology company to buy up to 18.9% of its stock through open market purchases. Stock buyback plans are usually an indication that the company's leadership 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.