Pitney Bowes Inc. $PBI Shares Newly Purchased by Wavvest Wealth LLC

Key Points

• Wavvest Wealth LLC acquired 82,094 Pitney Bowes shares in the third quarter, valued at approximately $1.34 million and representing about 0.06% of the company.
• Analyst sentiment remains mixed: the stock has an average rating of “Hold” and an average price target of $18.45, although some firms maintain outperform or buy ratings.
• Pitney Bowes reported quarterly EPS of $0.43, exceeding the $0.34 consensus estimate, while revenue declined 2.4% year over year. Insiders have sold roughly 1.46 million shares worth $25.9 million over the past 90 days.

Wavvest Wealth LLC acquired a new stake in shares of Pitney Bowes Inc. (NYSE:PBI - Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 82,094 shares of the technology company's stock, valued at approximately $1,340,000. Pitney Bowes comprises about 1.1% of Wavvest Wealth LLC's investment portfolio, making the stock its 27th biggest holding. Wavvest Wealth LLC owned approximately 0.06% of Pitney Bowes as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in PBI. Longview Financial Advisors Inc. purchased a new position in shares of Pitney Bowes in the first quarter worth about $26,000. Nykredit A S purchased a new stake in shares of Pitney Bowes during the 2nd quarter valued at approximately $46,000. Public Employees Retirement System of Ohio purchased a new stake in shares of Pitney Bowes during the 2nd quarter valued at approximately $46,000. IFP Advisors Inc lifted its stake in shares of Pitney Bowes by 5,373.7% during the 2nd quarter. IFP Advisors Inc now owns 3,120 shares of the technology company's stock valued at $55,000 after buying an additional 3,063 shares in the last quarter. Finally, Plato Investment Management Ltd purchased a new stake in shares of Pitney Bowes during the 2nd quarter valued at approximately $55,000. Institutional investors own 67.88% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Citigroup reiterated a "market outperform" rating on shares of Pitney Bowes in a research note on Friday, July 31st. Weiss Ratings raised shares of Pitney Bowes from a "buy (b-)" rating to a "buy (b)" rating in a report on Thursday, October 8th. The Goldman Sachs Group restated a "neutral" rating and set a $17.30 target price on shares of Pitney Bowes in a research report on Thursday, July 30th. Citizens Jmp increased their target price on Pitney Bowes from $19.00 to $22.00 and gave the stock a "market outperform" rating in a research report on Friday, July 31st. Finally, Zacks Research lowered Pitney Bowes from a "strong-buy" rating to a "hold" rating in a report on Friday, October 2nd. Three analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $18.45.

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

Insider Buying and Selling

In other Pitney Bowes news, EVP Todd A. Everett sold 10,000 shares of the stock in a transaction that occurred on Thursday, September 10th. The shares were sold at an average price of $16.89, for a total value of $168,900.00. Following the sale, the executive vice president directly owned 86,048 shares in the company, valued at $1,453,350.72. This represents a 10.41% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Deborah Pfeiffer sold 20,000 shares of the firm's stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of $17.11, for a total transaction of $342,200.00. Following the completion of the transaction, the executive vice president directly owned 79,223 shares of the company's stock, valued at approximately $1,355,505.53. The trade was a 20.16% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 1,461,767 shares of company stock valued at $25,920,799. Company insiders own 6.50% of the company's stock.

Pitney Bowes Stock Up 0.2%

PBI stock opened at $17.40 on Thursday. The stock has a 50-day simple moving average of $16.84 and a two-hundred day simple moving average of $16.40. Pitney Bowes Inc. has a twelve month low of $8.95 and a twelve month high of $19.07. The firm has a market capitalization of $2.39 billion, a PE ratio of 14.26, a PEG ratio of 0.70 and a beta of 1.66.

Pitney Bowes (NYSE:PBI - Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The technology company reported $0.43 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to the consensus estimate of $453.94 million. During the same period in the prior year, the firm posted $0.27 earnings per share. The company's revenue for the quarter was down 2.4% on a year-over-year basis. Pitney Bowes has set its FY 2026 guidance at 1.550-1.700 EPS. On average, equities research analysts anticipate that Pitney Bowes Inc. will post 1.68 EPS for the current fiscal year.

Pitney Bowes Announces Dividend

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

About Pitney Bowes

Pitney Bowes Inc NYSE: PBI is a global technology and services company that helps businesses manage mailing, shipping and related communications. Its offerings include postage meters, mailing systems, shipping software, parcel management tools, address and data services, and equipment financing and support.

The company serves small businesses, large enterprises and government organizations through solutions designed to streamline the preparation, processing and delivery of physical mail and packages.

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