Pacer Advisors Inc. purchased a new position in shares of Pitney Bowes Inc. (NYSE:PBI – Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 1,171,928 shares of the technology company’s stock, valued at approximately $12,950,000.
Other institutional investors have also recently added to or reduced their stakes in the company. Longview Financial Advisors Inc. purchased a new stake in Pitney Bowes during the 1st quarter valued at approximately $26,000. EverSource Wealth Advisors LLC lifted its position in Pitney Bowes by 41.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,472 shares of the technology company’s stock worth $38,000 after acquiring an additional 1,015 shares during the period. Hantz Financial Services Inc. grew its stake in shares of Pitney Bowes by 190.9% in the 4th quarter. Hantz Financial Services Inc. now owns 3,747 shares of the technology company’s stock valued at $40,000 after purchasing an additional 2,459 shares during the last quarter. UMB Bank n.a. grew its stake in shares of Pitney Bowes by 404.6% in the 4th quarter. UMB Bank n.a. now owns 4,022 shares of the technology company’s stock valued at $43,000 after purchasing an additional 3,225 shares during the last quarter. Finally, Canada Pension Plan Investment Board acquired a new position in shares of Pitney Bowes in the second quarter valued at approximately $51,000. Institutional investors and hedge funds own 67.88% of the company’s stock.
Pitney Bowes Trading Up 1.4%
Shares of PBI opened at $18.31 on Wednesday. Pitney Bowes Inc. has a twelve month low of $8.95 and a twelve month high of $19.07. The stock’s 50 day moving average is $17.42 and its two-hundred day moving average is $13.90. The firm has a market capitalization of $2.51 billion, a PE ratio of 15.01, a P/E/G ratio of 0.78 and a beta of 1.63.
Pitney Bowes Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 8th. Investors of record on Monday, August 10th will be issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend is Monday, August 10th. Pitney Bowes’s dividend payout ratio is currently 32.79%.
Insiders Place Their Bets
In other Pitney Bowes news, CEO Kurt James Wolf sold 597,224 shares of the stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $15.59, for a total value of $9,310,722.16. Following the completion of the transaction, the chief executive officer owned 398,878 shares in the company, valued at approximately $6,218,508.02. This represents a 59.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders sold a total of 3,437,761 shares of company stock worth $58,231,596 over the last quarter. Corporate insiders own 6.50% of the company’s stock.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently commented on PBI shares. Zacks Research cut Pitney Bowes from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 10th. Citigroup reiterated a “market outperform” rating on shares of Pitney Bowes in a research report on Friday. Citizens Jmp boosted their price objective on shares of Pitney Bowes from $19.00 to $22.00 and gave the company a “market outperform” rating in a research note on Friday, July 31st. Wall Street Zen raised shares of Pitney Bowes from a “buy” rating to a “strong-buy” rating in a research note on Saturday, April 25th. Finally, Bank of America upgraded shares of Pitney Bowes from an “underperform” rating to a “neutral” rating and upped their price objective for the stock from $9.50 to $16.50 in a research report on Monday, May 11th. Three equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, Pitney Bowes presently has an average rating of “Hold” and a consensus price target of $18.45.
View Our Latest Stock Report on Pitney Bowes
Trending Headlines about Pitney Bowes
Here are the key news stories impacting Pitney Bowes this week:
- Positive Sentiment: Analyst price-target increase: Citizens JMP raised its price target to $22 and maintained a market-outperform rating, implying additional upside based on the company’s turnaround prospects. Pitney Bowes Price Target Raised to $22.00
- Positive Sentiment: Strong quarterly EPS performance: Pitney Bowes recently reported adjusted earnings of $0.43 per share, exceeding the $0.34 consensus estimate and improving from $0.27 a year earlier. The result supports the investment case for management’s turnaround, despite a 2.4% year-over-year revenue decline.
- Positive Sentiment: Value and strategic-upside thesis: Greystone Capital identified PBI as a mispriced niche industrial with a roughly 15% free-cash-flow yield, potential asset monetization, buybacks and further upside from its strategic review. Greystone Capital Q2 2026 Letter
- Neutral Sentiment: Dividend remains limited: Pitney Bowes declared a quarterly dividend of $0.01 per share, equivalent to $0.04 annually and a yield of approximately 0.2%. The payment may appeal to income-focused investors, but it is unlikely to be a major stock catalyst.
- Negative Sentiment: CEO insider selling: CEO Kurt James Wolf sold 1.06 million shares in three transactions from July 30 through August 3 for approximately $19.0 million, leaving him with 122,963 directly owned shares after the latest sale. The scale of the selling could raise concerns about management’s near-term confidence, although insider sales can also reflect personal liquidity needs. SEC Insider Trading Filing
- Negative Sentiment: Lower forward EPS estimate: Sidoti reduced its forecast for second-quarter fiscal 2027 EPS to $0.43 from $0.45. The change is modest, but it signals some caution about earnings momentum relative to the company’s full-year 2026 guidance of $1.55–$1.70 per share.
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.
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