Universal Beteiligungs und Servicegesellschaft mbH grew its holdings in Pitney Bowes Inc. (NYSE:PBI - Free Report) by 23.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 332,507 shares of the technology company's stock after buying an additional 63,800 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.21% of Pitney Bowes worth $3,515,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in PBI. Cannell & Spears LLC increased its position in Pitney Bowes by 89.5% in the third quarter. Cannell & Spears LLC now owns 3,364,466 shares of the technology company's stock worth $38,389,000 after purchasing an additional 1,588,579 shares during the period. LSV Asset Management acquired a new stake in Pitney Bowes in the third quarter worth about $13,812,000. Cibc World Market Inc. increased its position in Pitney Bowes by 2,724.6% in the third quarter. Cibc World Market Inc. now owns 836,071 shares of the technology company's stock worth $9,540,000 after purchasing an additional 806,471 shares during the period. Mizuho Markets Americas LLC acquired a new stake in Pitney Bowes in the third quarter worth about $7,683,000. Finally, Invesco Ltd. increased its position in Pitney Bowes by 29.5% in the third quarter. Invesco Ltd. now owns 2,622,003 shares of the technology company's stock worth $29,917,000 after purchasing an additional 597,938 shares during the period. 67.88% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity
In other news, CEO Kurt James Wolf sold 160,289 shares of Pitney Bowes stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $11.06, for a total transaction of $1,772,796.34. Following the transaction, the chief executive officer owned 543,211 shares in the company, valued at $6,007,913.66. The trade was a 22.78% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Brent D. Rosenthal acquired 4,000 shares of the business's stock in a transaction dated Friday, March 13th. The shares were acquired at an average price of $10.22 per share, for a total transaction of $40,880.00. Following the acquisition, the director directly owned 9,000 shares in the company, valued at $91,980. This represents a 80.00% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have sold a total of 503,108 shares of company stock worth $5,355,063 in the last quarter. 6.50% of the stock is currently owned by company insiders.
Pitney Bowes Trading Down 0.8%
Shares of PBI opened at $15.70 on Thursday. Pitney Bowes Inc. has a 1 year low of $8.35 and a 1 year high of $15.95. The stock has a market cap of $2.25 billion, a P/E ratio of 18.91, a price-to-earnings-growth ratio of 1.01 and a beta of 1.39. The stock's 50-day moving average price is $11.55 and its two-hundred day moving average price is $10.75.
Pitney Bowes (NYSE:PBI - Get Free Report) last issued its earnings results on Tuesday, February 17th. The technology company reported $0.45 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.38 by $0.07. Pitney Bowes had a negative return on equity of 36.91% and a net margin of 7.65%.The firm had revenue of $477.63 million for the quarter, compared to analysts' expectations of $482.47 million. During the same quarter last year, the business earned $0.32 earnings per share. The company's revenue was down 7.5% compared to the same quarter last year. Pitney Bowes has set its FY 2026 guidance at 1.400-1.600 EPS. As a group, equities analysts forecast that Pitney Bowes Inc. will post 1.58 EPS for the current year.
Pitney Bowes Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, March 30th. Shareholders of record on Friday, February 27th were issued a dividend of $0.09 per share. The ex-dividend date was Friday, February 27th. This represents a $0.36 dividend on an annualized basis and a yield of 2.3%. Pitney Bowes's dividend payout ratio (DPR) is 43.37%.
Analyst Ratings Changes
A number of analysts recently commented on the company. Bank of America assumed coverage on Pitney Bowes in a research report on Tuesday, February 17th. They issued an "underperform" rating and a $9.00 price objective for the company. Citizens Jmp lifted their price objective on Pitney Bowes from $13.00 to $14.00 and gave the stock a "market outperform" rating in a research report on Friday, April 17th. Wall Street Zen upgraded Pitney Bowes from a "buy" rating to a "strong-buy" rating in a research report on Saturday, April 25th. Zacks Research lowered Pitney Bowes from a "strong-buy" rating to a "hold" rating in a research report on Thursday, February 19th. Finally, The Goldman Sachs Group reiterated a "neutral" rating and issued a $13.70 price objective on shares of Pitney Bowes in a research report on Friday, April 24th. Two analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $11.93.
Check Out Our Latest Research Report on Pitney Bowes
Pitney Bowes Profile
(
Free Report)
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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