Pitney Bowes Inc. $PBI Holdings Boosted by Capital Management Corp VA

Capital Management Corp VA raised its holdings in shares of Pitney Bowes Inc. (NYSE:PBI) by 8.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,337,760 shares of the technology company’s stock after buying an additional 176,180 shares during the period. Pitney Bowes comprises 4.2% of Capital Management Corp VA’s portfolio, making the stock its 4th largest holding. Capital Management Corp VA owned 1.36% of Pitney Bowes worth $26,674,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. EverSource Wealth Advisors LLC grew its position in shares of Pitney Bowes by 41.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,472 shares of the technology company’s stock valued at $38,000 after acquiring an additional 1,015 shares during the period. Elevation Point Wealth Partners LLC purchased a new position in Pitney Bowes during the second quarter valued at $51,000. Canada Pension Plan Investment Board bought a new stake in Pitney Bowes during the second quarter valued at about $51,000. United Services Automobile Association purchased a new stake in Pitney Bowes in the first quarter worth about $96,000. Finally, Truist Financial Corp bought a new position in shares of Pitney Bowes in the second quarter worth about $123,000. 67.88% of the stock is currently owned by institutional investors.

Pitney Bowes Stock Up 1.8%

PBI stock opened at $10.43 on Friday. Pitney Bowes Inc. has a 52 week low of $7.39 and a 52 week high of $13.11. The firm has a market capitalization of $1.68 billion, a P/E ratio of 23.17, a price-to-earnings-growth ratio of 0.48 and a beta of 1.30. The company has a fifty day simple moving average of $10.27 and a two-hundred day simple moving average of $10.89.

Pitney Bowes (NYSE:PBI) last issued its quarterly earnings data on Wednesday, October 29th. The technology company reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.01). The company had revenue of $459.68 million for the quarter, compared to analysts’ expectations of $467.45 million. Pitney Bowes had a net margin of 4.14% and a negative return on equity of 38.38%. The company’s revenue for the quarter was down 8.0% on a year-over-year basis. During the same quarter last year, the company earned $0.21 earnings per share. As a group, analysts anticipate that Pitney Bowes Inc. will post 1.21 EPS for the current year.

Analyst Ratings Changes

A number of brokerages recently issued reports on PBI. Weiss Ratings reiterated a “hold (c)” rating on shares of Pitney Bowes in a research note on Monday, December 29th. Citigroup started coverage on shares of Pitney Bowes in a report on Wednesday, December 3rd. They set an “outperform” rating on the stock. JMP Securities set a $13.00 price objective on shares of Pitney Bowes in a research note on Wednesday, December 3rd. The Goldman Sachs Group initiated coverage on shares of Pitney Bowes in a research report on Monday, November 3rd. They set a “neutral” rating and a $11.00 price objective on the stock. Finally, Truist Financial initiated coverage on shares of Pitney Bowes in a report on Friday, December 12th. They issued a “hold” rating and a $11.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $12.00.

About Pitney Bowes

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.