Wealth Effects LLC Invests $894,000 in Pitney Bowes Inc. $PBI

Wealth Effects LLC purchased a new position in Pitney Bowes Inc. (NYSE:PBI) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 51,000 shares of the technology company’s stock, valued at approximately $894,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of PBI. Capital Management Corp VA grew its stake in Pitney Bowes by 25.3% during the fourth quarter. Capital Management Corp VA now owns 2,930,328 shares of the technology company’s stock worth $30,974,000 after buying an additional 592,568 shares in the last quarter. TABR Capital Management LLC acquired a new position in shares of Pitney Bowes in the 4th quarter valued at approximately $807,000. Solidarity Wealth LLC acquired a new position in shares of Pitney Bowes in the 4th quarter valued at approximately $6,236,000. Gamco Investors INC. ET AL lifted its holdings in shares of Pitney Bowes by 33.8% during the 4th quarter. Gamco Investors INC. ET AL now owns 491,200 shares of the technology company’s stock worth $5,192,000 after acquiring an additional 124,000 shares during the period. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of Pitney Bowes during the 4th quarter worth approximately $2,100,000. Institutional investors and hedge funds own 67.88% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on PBI shares. Zacks Research raised shares of Pitney Bowes from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 10th. Truist Financial upped their target price on Pitney Bowes from $15.00 to $18.00 and gave the stock a “hold” rating in a research note on Friday, July 31st. Citizens Jmp raised their target price on Pitney Bowes from $19.00 to $22.00 and gave the company a “market outperform” rating in a report on Friday, July 31st. Wall Street Zen upgraded Pitney Bowes from a “buy” rating to a “strong-buy” rating in a research note on Saturday, April 25th. Finally, Citigroup reissued a “market outperform” rating on shares of Pitney Bowes in a report on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, Pitney Bowes presently has a consensus rating of “Moderate Buy” and a consensus price target of $18.45.

Insider Activity

In other news, CEO Kurt James Wolf sold 430,443 shares of the company’s stock in a transaction on Thursday, July 30th. The shares were sold at an average price of $18.23, for a total transaction of $7,846,975.89. Following the completion of the transaction, the chief executive officer directly owned 179,190 shares in the company, valued at approximately $3,266,633.70. This represents a 70.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold 2,476,376 shares of company stock worth $43,266,688 in the last three months. 6.50% of the stock is currently owned by corporate insiders.

Pitney Bowes Trading Down 0.1%

PBI opened at $16.40 on Monday. The company has a market cap of $2.25 billion, a P/E ratio of 13.44, a PEG ratio of 0.66 and a beta of 1.63. The company’s 50 day moving average is $17.53 and its 200-day moving average is $14.28. Pitney Bowes Inc. has a 1-year low of $8.95 and a 1-year high of $19.07.

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

Pitney Bowes Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 8th. Shareholders of record on Monday, August 10th will be paid a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend is Monday, August 10th. Pitney Bowes’s 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.