Intech Investment Management LLC Boosts Stock Position in Pitney Bowes Inc. $PBI

Intech Investment Management LLC raised its position in Pitney Bowes Inc. (NYSE:PBI) by 130.6% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 464,679 shares of the technology company’s stock after purchasing an additional 263,173 shares during the period. Intech Investment Management LLC owned about 0.29% of Pitney Bowes worth $5,302,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Trail Ridge Investment Advisors LLC raised its position in shares of Pitney Bowes by 5.1% in the third quarter. Trail Ridge Investment Advisors LLC now owns 20,890 shares of the technology company’s stock valued at $238,000 after buying an additional 1,008 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in Pitney Bowes by 41.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,472 shares of the technology company’s stock worth $38,000 after acquiring an additional 1,015 shares during the period. Baird Financial Group Inc. raised its holdings in Pitney Bowes by 12.5% in the 2nd quarter. Baird Financial Group Inc. now owns 13,164 shares of the technology company’s stock valued at $144,000 after acquiring an additional 1,459 shares during the last quarter. Amalgamated Bank raised its holdings in Pitney Bowes by 3.4% in the 3rd quarter. Amalgamated Bank now owns 46,680 shares of the technology company’s stock valued at $533,000 after acquiring an additional 1,555 shares during the last quarter. Finally, Stratos Wealth Partners LTD. lifted its stake in shares of Pitney Bowes by 17.6% during the 3rd quarter. Stratos Wealth Partners LTD. now owns 11,993 shares of the technology company’s stock worth $137,000 after purchasing an additional 1,799 shares during the period. 67.88% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

PBI has been the subject of a number of recent analyst reports. Citigroup began coverage on Pitney Bowes in a research report on Wednesday, December 3rd. They issued an “outperform” rating for the company. Weiss Ratings restated a “hold (c)” rating on shares of Pitney Bowes in a report on Monday, December 29th. The Goldman Sachs Group initiated coverage on shares of Pitney Bowes in a research note on Monday, November 3rd. They set a “neutral” rating and a $11.00 price objective for the company. Citizens Jmp reiterated a “market outperform” rating and set a $13.00 price objective on shares of Pitney Bowes in a report on Wednesday, February 18th. Finally, Bank of America assumed coverage on shares of Pitney Bowes in a report on Tuesday, February 17th. They issued an “underperform” rating and a $9.00 target price for the company. Two analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $11.00.

Insider Transactions at Pitney Bowes

In other news, CEO Kurt James Wolf sold 150,000 shares of the company’s stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $10.30, for a total value of $1,545,000.00. Following the completion of the sale, the chief executive officer owned 571,137 shares of the company’s stock, valued at $5,882,711.10. This represents a 20.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 9.00% of the company’s stock.

Pitney Bowes Stock Performance

PBI opened at $10.75 on Friday. Pitney Bowes Inc. has a 1 year low of $7.39 and a 1 year high of $13.11. The firm has a 50 day moving average price of $10.48 and a 200 day moving average price of $10.72. The company has a market cap of $1.61 billion, a PE ratio of 12.95, a price-to-earnings-growth ratio of 0.74 and a beta of 1.41.

Pitney Bowes (NYSE:PBI) last announced its quarterly earnings results on Tuesday, February 17th. The technology company reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.07. Pitney Bowes had a net margin of 7.65% and a negative return on equity of 36.91%. The firm had revenue of $477.63 million for the quarter, compared to analysts’ expectations of $482.47 million. During the same period in the previous year, the company posted $0.32 earnings per share. Pitney Bowes’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. On average, sell-side analysts predict that Pitney Bowes Inc. will post 1.21 earnings per share for the current year.

Pitney Bowes Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 30th. Investors of record on Friday, February 27th will be given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend is Friday, February 27th. Pitney Bowes’s dividend payout ratio is 43.37%.

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.