Mizuho Markets Americas LLC Invests $7.68 Million in Pitney Bowes Inc. $PBI

Mizuho Markets Americas LLC bought a new stake in Pitney Bowes Inc. (NYSE:PBI) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 673,388 shares of the technology company’s stock, valued at approximately $7,683,000.

Several other institutional investors have also modified their holdings of the business. EverSource Wealth Advisors LLC lifted its stake in Pitney Bowes by 41.3% during 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. Elevation Point Wealth Partners LLC purchased a new position in Pitney Bowes during the 2nd quarter worth $51,000. Canada Pension Plan Investment Board purchased a new stake in Pitney Bowes in the 2nd quarter valued at approximately $51,000. United Services Automobile Association acquired a new position in Pitney Bowes during the first quarter worth $96,000. Finally, Truist Financial Corp purchased a new position in shares of Pitney Bowes in the 2nd quarter valued at about $123,000. Institutional investors and hedge funds own 67.88% of the company’s stock.

Analyst Ratings Changes

PBI has been the topic of several research reports. The Goldman Sachs Group initiated coverage on Pitney Bowes in a report on Monday, November 3rd. They issued a “neutral” rating and a $11.00 target price on the stock. JMP Securities set a $13.00 price target on Pitney Bowes in a report on Wednesday, December 3rd. Citizens Jmp initiated coverage on Pitney Bowes in a report on Wednesday, December 3rd. They issued a “market outperform” rating and a $13.00 target price on the stock. Zacks Research raised shares of Pitney Bowes from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 29th. Finally, Citigroup initiated coverage on shares of Pitney Bowes in a research note on Wednesday, December 3rd. They set an “outperform” rating on the stock. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $12.00.

Pitney Bowes Trading Down 2.1%

Pitney Bowes stock opened at $10.52 on Monday. The company’s 50-day moving average price is $10.08 and its two-hundred day moving average price is $10.96. The stock has a market cap of $1.69 billion, a price-to-earnings ratio of 23.37, a PEG ratio of 0.49 and a beta of 1.30. Pitney Bowes Inc. has a 52 week low of $7.18 and a 52 week high of $13.11.

Pitney Bowes (NYSE:PBI) last announced its quarterly earnings data on Wednesday, October 29th. The technology company reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.01). The business had revenue of $459.68 million during the quarter, compared to analyst estimates of $467.45 million. Pitney Bowes had a negative return on equity of 38.38% and a net margin of 4.14%.The business’s revenue for the quarter was down 8.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.21 EPS. Pitney Bowes has set its FY 2025 guidance at 1.300-1.300 EPS. Research analysts expect that Pitney Bowes Inc. will post 1.21 earnings per share for the current fiscal year.

Pitney Bowes Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 8th. Shareholders of record on Monday, November 10th were issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 3.4%. This is an increase from Pitney Bowes’s previous quarterly dividend of $0.08. The ex-dividend date was Monday, November 10th. Pitney Bowes’s dividend payout ratio is 80.00%.

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.