The Manufacturers Life Insurance Company Acquires New Shares in Pitney Bowes Inc. $PBI

Key Points

• The Manufacturers Life Insurance Company acquired 73,778 Pitney Bowes shares worth approximately $1.29 million, while several other institutions also initiated positions. Institutional investors collectively own 67.88% of the company.
• Pitney Bowes reported quarterly EPS of $0.43, exceeding the $0.34 analyst consensus, though revenue fell 2.4% year over year to $451.5 million. The company reaffirmed fiscal 2026 EPS guidance of $1.55–$1.70.
• Insiders sold heavily: executives sold 2.42 million shares worth about $42.4 million during the last quarter, including substantial sales by the CEO and executive vice president. Analysts maintain a “Moderate Buy” consensus with an average price target of $18.45.

The Manufacturers Life Insurance Company bought a new position in shares of Pitney Bowes Inc. (NYSE:PBI - Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 73,778 shares of the technology company's stock, valued at approximately $1,293,000. The Manufacturers Life Insurance Company owned approximately 0.05% of Pitney Bowes as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Whalen Wealth Management Inc. purchased a new position in shares of Pitney Bowes in the second quarter valued at $526,000. Trail Ridge Investment Advisors LLC purchased a new stake in shares of Pitney Bowes in the 2nd quarter worth about $379,000. Algert Global LLC acquired a new stake in Pitney Bowes in the 2nd quarter valued at about $915,000. Cibc World Market Inc. acquired a new stake in Pitney Bowes in the 2nd quarter valued at about $14,028,000. Finally, Sanctuary Advisors LLC purchased a new position in Pitney Bowes during the 2nd quarter valued at about $223,000. Institutional investors and hedge funds own 67.88% of the company's stock.

Insider Buying and Selling at Pitney Bowes

In other news, CEO Kurt Wolf sold 430,443 shares of Pitney Bowes stock in a transaction on Thursday, July 30th. The stock was sold at an average price of $18.23, for a total value of $7,846,975.89. Following the completion of the sale, the chief executive officer owned 179,190 shares of the company's stock, valued at $3,266,633.70. The trade was a 70.61% 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. Also, EVP Todd A. Everett sold 25,000 shares of the company's stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $18.07, for a total value of $451,750.00. Following the completion of the transaction, the executive vice president owned 96,048 shares of the company's stock, valued at $1,735,587.36. The trade was a 20.65% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 2,419,467 shares of company stock valued at $42,373,690 over the last quarter. 6.50% of the stock is currently owned by insiders.

Pitney Bowes Trading Down 1.5%

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

NYSE:PBI opened at $17.32 on Friday. Pitney Bowes Inc. has a 12-month low of $8.95 and a 12-month high of $19.07. The firm has a market cap of $2.37 billion, a price-to-earnings ratio of 14.20, a price-to-earnings-growth ratio of 0.70 and a beta of 1.64. The company's 50-day moving average is $17.41 and its two-hundred day moving average is $14.92.

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

Pitney Bowes Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 8th. Shareholders of record on Monday, August 10th will be issued a $0.01 dividend. The ex-dividend date is Monday, August 10th. This represents a $0.04 annualized dividend and a yield of 0.2%. Pitney Bowes's payout ratio is 32.79%.

Analyst Ratings Changes

PBI has been the subject of a number of research reports. 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. The Goldman Sachs Group reissued a "neutral" rating and set a $17.30 price objective on shares of Pitney Bowes in a research note on Thursday, July 30th. Truist Financial lifted their price objective on Pitney Bowes from $15.00 to $18.00 and gave the stock a "hold" rating in a research report on Friday, July 31st. Zacks Research raised Pitney Bowes from a "hold" rating to a "strong-buy" rating in a research note on Monday, August 10th. Finally, Citigroup reiterated a "market outperform" rating on shares of Pitney Bowes in a report on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat, Pitney Bowes currently has a consensus rating of "Moderate Buy" and an average target price 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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