Legal & General Group Plc Invests $5.13 Million in Pitney Bowes Inc. $PBI

Legal & General Group Plc purchased a new position in shares of Pitney Bowes Inc. (NYSE:PBI) in the second quarter, Holdings Channel.com reports. The institutional investor purchased 293,001 shares of the technology company’s stock, valued at approximately $5,133,000.

Other large investors also recently bought and sold shares of the company. Longview Financial Advisors Inc. purchased a new stake in Pitney Bowes in the first quarter worth $26,000. EverSource Wealth Advisors LLC grew its holdings in shares of Pitney Bowes by 41.3% in the second quarter. EverSource Wealth Advisors LLC now owns 3,472 shares of the technology company’s stock worth $38,000 after purchasing an additional 1,015 shares during the last quarter. Hantz Financial Services Inc. increased its stake 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 worth $40,000 after buying an additional 2,459 shares during the period. UMB Bank n.a. increased its stake in Pitney Bowes by 404.6% in the 4th quarter. UMB Bank n.a. now owns 4,022 shares of the technology company’s stock worth $43,000 after buying an additional 3,225 shares during the period. Finally, Canada Pension Plan Investment Board bought a new stake in Pitney Bowes during the 2nd quarter valued at about $51,000. Hedge funds and other institutional investors own 67.88% of the company’s stock.

Insider Transactions at Pitney Bowes

In other Pitney Bowes news, EVP Todd Everett sold 25,000 shares of the stock in a transaction dated 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 approximately $1,735,587.36. This represents a 20.65% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Kurt Wolf sold 430,443 shares of the firm’s stock in a transaction dated Thursday, July 30th. The shares were sold at an average price of $18.23, for a total transaction of $7,846,975.89. Following the completion of the sale, the chief executive officer owned 179,190 shares in the company, valued at $3,266,633.70. This represents a 70.61% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 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 corporate insiders.

Pitney Bowes Stock Up 0.9%

Pitney Bowes stock opened at $17.55 on Friday. The business has a fifty day moving average of $17.41 and a two-hundred day moving average of $14.90. The firm has a market cap of $2.41 billion, a P/E ratio of 14.39, a P/E/G ratio of 0.70 and a beta of 1.64. Pitney Bowes Inc. has a twelve month low of $8.95 and a twelve month high of $19.07.

Pitney Bowes (NYSE:PBI) last announced its quarterly earnings results on Wednesday, July 29th. The technology company reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.09. The business had revenue of $451.50 million for the quarter, compared to the consensus estimate of $453.94 million. Pitney Bowes had a negative return on equity of 31.37% and a net margin of 10.04%.The business’s revenue was down 2.4% compared to the same quarter last year. During the same period last year, the business posted $0.27 EPS. Pitney Bowes has set its FY 2026 guidance at 1.550-1.700 EPS. Equities 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 will be paid on Tuesday, September 8th. Shareholders of record on Monday, August 10th will be paid a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.2%. The ex-dividend date is Monday, August 10th. Pitney Bowes’s payout ratio is 32.79%.

Analysts Set New Price Targets

A number of brokerages have commented on PBI. The Goldman Sachs Group restated a “neutral” rating and issued a $17.30 target price on shares of Pitney Bowes in a research note on Thursday, July 30th. Citizens Jmp increased their price objective on Pitney Bowes from $19.00 to $22.00 and gave the stock 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 report on Monday, August 10th. Weiss Ratings upgraded Pitney Bowes from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, July 31st. Finally, Truist Financial increased their price target on Pitney Bowes from $15.00 to $18.00 and gave the stock a “hold” rating in a research report 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 issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $18.45.

Pitney Bowes 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.