Hsbc Holdings PLC Buys 1,415,590 Shares of Pitney Bowes Inc. $PBI

Hsbc Holdings PLC lifted its stake in shares of Pitney Bowes Inc. (NYSE:PBI - Free Report) by 824.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,587,274 shares of the technology company's stock after purchasing an additional 1,415,590 shares during the period. Hsbc Holdings PLC owned approximately 1.16% of Pitney Bowes worth $27,762,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. Longview Financial Advisors Inc. bought a new position in Pitney Bowes in the 1st quarter worth approximately $26,000. EverSource Wealth Advisors LLC lifted its holdings in Pitney Bowes by 41.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,472 shares of the technology company's stock worth $38,000 after buying an additional 1,015 shares in the last quarter. Hantz Financial Services Inc. boosted its position in Pitney Bowes by 190.9% in the 4th quarter. Hantz Financial Services Inc. now owns 3,747 shares of the technology company's stock valued at $40,000 after buying an additional 2,459 shares during the last quarter. UMB Bank n.a. increased its stake in shares of Pitney Bowes by 404.6% in the 4th quarter. UMB Bank n.a. now owns 4,022 shares of the technology company's stock valued at $43,000 after buying an additional 3,225 shares during the period. Finally, Public Employees Retirement System of Ohio acquired a new stake in shares of Pitney Bowes in the 2nd quarter valued at $46,000. 67.88% of the stock is owned by institutional investors.

Pitney Bowes Stock Down 2.4%

NYSE:PBI opened at $16.98 on Wednesday. Pitney Bowes Inc. has a 12-month low of $8.95 and a 12-month high of $19.07. The firm has a market capitalization of $2.33 billion, a P/E ratio of 13.92, a P/E/G ratio of 0.70 and a beta of 1.64. The stock's fifty day simple moving average is $17.39 and its 200-day simple moving average is $15.05.

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

Pitney Bowes (NYSE:PBI - Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The technology company reported $0.43 EPS for the quarter, topping analysts' consensus estimates of $0.34 by $0.09. Pitney Bowes had a negative return on equity of 31.37% and a net margin of 10.04%.The business had revenue of $451.50 million during the quarter, compared to analysts' expectations of $453.94 million. During the same period in the previous year, the firm earned $0.27 earnings per share. The firm's quarterly revenue was down 2.4% compared to the same quarter last year. Pitney Bowes has set its FY 2026 guidance at 1.550-1.700 EPS. As a group, equities research analysts expect that Pitney Bowes Inc. will post 1.68 earnings per share for the current year.

Pitney Bowes Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 8th. Stockholders of record on Monday, August 10th were given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.2%. The ex-dividend date was Monday, August 10th. Pitney Bowes's payout ratio is presently 32.79%.

Insider Transactions at Pitney Bowes

In related news, CEO Kurt Wolf sold 1,920 shares of the business's stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $17.42, for a total transaction of $33,446.40. Following the completion of the transaction, the chief executive officer owned 122,790 shares in the company, valued at approximately $2,139,001.80. The trade was a 1.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Todd A. Everett sold 25,000 shares of the company's stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $18.07, for a total transaction of $451,750.00. Following the completion of the sale, the executive vice president directly owned 96,048 shares of the company's stock, valued at $1,735,587.36. The trade was a 20.65% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 2,138,350 shares of company stock valued at $37,614,379. 6.50% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on PBI shares. Citizens Jmp upped their price target 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. Zacks Research upgraded Pitney Bowes from a "hold" rating to a "strong-buy" rating in a research report on Monday, August 10th. The Goldman Sachs Group reissued a "neutral" rating and set a $17.30 price objective on shares of Pitney Bowes in a report on Thursday, July 30th. Weiss Ratings upgraded shares of Pitney Bowes from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Friday, July 31st. Finally, Citigroup reaffirmed a "market outperform" rating on shares of Pitney Bowes in a research note on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $18.45.

Pitney Bowes Company Profile

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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