UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Buys 79,226 Shares of Pitney Bowes Inc. $PBI

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Pitney Bowes Inc. (NYSE:PBI) by 20.3% in the second quarter, Holdings Channel reports. The institutional investor owned 468,595 shares of the technology company’s stock after buying an additional 79,226 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Pitney Bowes were worth $8,210,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in PBI. Longview Financial Advisors Inc. bought a new stake in Pitney Bowes during the 1st quarter valued at about $26,000. EverSource Wealth Advisors LLC lifted its stake 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 buying an additional 1,015 shares in the last quarter. Hantz Financial Services Inc. grew its holdings in shares of Pitney Bowes by 190.9% during the fourth quarter. Hantz Financial Services Inc. now owns 3,747 shares of the technology company’s stock valued at $40,000 after buying an additional 2,459 shares during the last quarter. UMB Bank n.a. grew its holdings in shares of Pitney Bowes by 404.6% during the fourth quarter. UMB Bank n.a. now owns 4,022 shares of the technology company’s stock valued at $43,000 after buying an additional 3,225 shares during the last quarter. Finally, Public Employees Retirement System of Ohio bought a new stake in shares of Pitney Bowes during the second quarter valued at approximately $46,000. 67.88% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, CEO Kurt Wolf sold 430,443 shares of Pitney Bowes stock in a transaction on Thursday, July 30th. The stock was sold at an average price of $18.23, for a total value of $7,846,975.89. Following the completion of the sale, the chief executive officer owned 179,190 shares of the company’s stock, valued at $3,266,633.70. The trade was a 70.61% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Todd Everett sold 25,000 shares of the company’s stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $18.07, for a total value of $451,750.00. Following the sale, the executive vice president owned 96,048 shares of the company’s stock, valued at approximately $1,735,587.36. This trade represents a 20.65% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 2,419,467 shares of company stock worth $42,373,690. Company insiders own 6.50% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on PBI shares. Bank of America upgraded shares of Pitney Bowes from an “underperform” rating to a “neutral” rating and boosted their price objective for the stock 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 “buy (b-)” rating in a research note on Friday, July 31st. Citizens Jmp lifted their target price on Pitney Bowes from $19.00 to $22.00 and gave the stock a “market outperform” rating in a report on Friday, July 31st. Zacks Research upgraded Pitney Bowes from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 10th. Finally, Citigroup reaffirmed a “market outperform” rating on shares of Pitney Bowes in a report on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Pitney Bowes currently has a consensus rating of “Moderate Buy” and a consensus target price of $18.45.

Pitney Bowes Stock Down 0.5%

PBI opened at $17.32 on Tuesday. The firm has a 50 day moving average price of $17.40 and a 200-day moving average price of $15.00. Pitney Bowes Inc. has a twelve month low of $8.95 and a twelve month high of $19.07. The stock has a market capitalization of $2.37 billion, a price-to-earnings ratio of 14.20, a PEG ratio of 0.70 and a beta of 1.64.

Pitney Bowes (NYSE:PBI) last issued its quarterly earnings data on Wednesday, July 29th. The technology company reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.09. Pitney Bowes had a net margin of 10.04% and a negative return on equity of 31.37%. The company had revenue of $451.50 million for the quarter, compared to the consensus estimate of $453.94 million. During the same quarter in the prior year, the firm earned $0.27 earnings per share. The firm’s revenue for the quarter was down 2.4% compared to the same quarter last year. Pitney Bowes has set its FY 2026 guidance at 1.550-1.700 EPS. As a group, analysts expect that Pitney Bowes Inc. will post 1.68 earnings per share for the current year.

Pitney Bowes Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 8th. Stockholders of record on Monday, August 10th will be issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend is Monday, August 10th. Pitney Bowes’s dividend payout ratio is presently 32.79%.

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.