Pitney Bowes Inc. $PBI Shares Sold by UBS Group AG

UBS Group AG decreased its position in Pitney Bowes Inc. (NYSE:PBI) by 11.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 667,432 shares of the technology company’s stock after selling 87,992 shares during the quarter. UBS Group AG’s holdings in Pitney Bowes were worth $7,055,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC raised 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 valued at $38,000 after purchasing an additional 1,015 shares during the last quarter. Canada Pension Plan Investment Board acquired a new position in Pitney Bowes in the 2nd quarter valued at about $51,000. Copeland Capital Management LLC acquired a new position in Pitney Bowes in the 4th quarter valued at about $65,000. United Services Automobile Association acquired a new position in Pitney Bowes in the 1st quarter valued at about $96,000. Finally, PFG Investments LLC acquired a new position in Pitney Bowes in the 3rd quarter valued at about $127,000. Institutional investors and hedge funds own 67.88% of the company’s stock.

Pitney Bowes Price Performance

PBI opened at $15.63 on Wednesday. The stock has a market capitalization of $2.12 billion, a price-to-earnings ratio of 15.18, a price-to-earnings-growth ratio of 0.74 and a beta of 1.64. The business has a 50-day moving average of $12.74 and a two-hundred day moving average of $11.10. Pitney Bowes Inc. has a 12 month low of $8.95 and a 12 month high of $16.56.

Pitney Bowes (NYSE:PBI) last posted its quarterly earnings results on Tuesday, May 5th. The technology company reported $0.47 EPS for the quarter, meeting the consensus estimate of $0.47. The company had revenue of $477.41 million during the quarter, compared to analysts’ expectations of $471.83 million. Pitney Bowes had a negative return on equity of 33.41% and a net margin of 8.92%.The firm’s revenue was down 3.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.33 EPS. Equities research analysts anticipate that Pitney Bowes Inc. will post 1.62 earnings per share for the current year.

Pitney Bowes Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 5th. Stockholders of record on Monday, May 18th will be issued a dividend of $0.01 per share. The ex-dividend date is Monday, May 18th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.3%. Pitney Bowes’s payout ratio is presently 38.83%.

Insider Transactions at Pitney Bowes

In other news, Director Brent D. Rosenthal bought 4,000 shares of the firm’s stock in a transaction dated Friday, March 13th. The stock was acquired at an average price of $10.22 per share, for a total transaction of $40,880.00. Following the acquisition, the director owned 9,000 shares of the company’s stock, valued at $91,980. This trade represents a 80.00% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Kurt James Wolf sold 389,161 shares of the business’s stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $15.69, for a total value of $6,105,936.09. Following the sale, the chief executive officer owned 363,853 shares of the company’s stock, valued at $5,708,853.57. The trade was a 51.68% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 2,456,054 shares of company stock valued at $34,864,180 in the last quarter. Company insiders own 6.50% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on PBI shares. Citigroup reissued an “outperform” rating on shares of Pitney Bowes in a research note on Friday, April 17th. Bank of America upgraded Pitney Bowes from an “underperform” rating to a “neutral” rating and lifted their price target for the company from $9.50 to $16.50 in a report on Monday, May 11th. Weiss Ratings upgraded Pitney Bowes from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, May 8th. Citizens Jmp lifted their price target on Pitney Bowes from $13.00 to $14.00 and gave the company a “market outperform” rating in a report on Friday, April 17th. Finally, Truist Financial lifted their price target on Pitney Bowes from $11.00 to $15.00 and gave the company a “hold” rating in a report on Thursday, May 7th. 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 company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $15.18.

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.