69,660 Shares in Pitney Bowes Inc. $PBI Bought by SG Americas Securities LLC

SG Americas Securities LLC acquired a new position in shares of Pitney Bowes Inc. (NYSE:PBI) during the 3rd quarter, Holdings Channel reports. The firm acquired 69,660 shares of the technology company’s stock, valued at approximately $795,000.

Several other hedge funds have also bought and sold shares of the company. EverSource Wealth Advisors LLC raised its stake in Pitney Bowes by 41.3% in the second quarter. EverSource Wealth Advisors LLC now owns 3,472 shares of the technology company’s stock valued at $38,000 after buying an additional 1,015 shares during the period. Elevation Point Wealth Partners LLC bought a new position in shares of Pitney Bowes during the 2nd quarter worth approximately $51,000. Canada Pension Plan Investment Board acquired a new position in shares of Pitney Bowes during the 2nd quarter worth approximately $51,000. United Services Automobile Association acquired a new position in shares of Pitney Bowes during the 1st quarter worth approximately $96,000. Finally, Truist Financial Corp bought a new stake in Pitney Bowes in the 2nd quarter valued at $123,000. 67.88% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on PBI. Citizens Jmp assumed coverage on shares of Pitney Bowes in a research report on Wednesday, December 3rd. They issued a “market outperform” rating and a $13.00 price objective on the stock. Zacks Research raised shares of Pitney Bowes from a “hold” rating to a “strong-buy” rating in a report on Monday, December 29th. Truist Financial assumed coverage on Pitney Bowes in a report on Friday, December 12th. They set a “hold” rating and a $11.00 price objective for the company. Citigroup assumed coverage on Pitney Bowes in a research note on Wednesday, December 3rd. They set an “outperform” rating on the stock. Finally, JMP Securities set a $13.00 price target on Pitney Bowes in a report on Wednesday, December 3rd. 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 data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $12.00.

Pitney Bowes Price Performance

Shares of NYSE:PBI opened at $10.00 on Wednesday. Pitney Bowes Inc. has a 1 year low of $7.30 and a 1 year high of $13.11. The stock has a market capitalization of $1.61 billion, a price-to-earnings ratio of 22.21, a price-to-earnings-growth ratio of 0.49 and a beta of 1.30. The company’s 50 day simple moving average is $10.12 and its 200 day simple moving average is $10.94.

Pitney Bowes (NYSE:PBI) last released its quarterly earnings data on Wednesday, October 29th. The technology company reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.01). Pitney Bowes had a net margin of 4.14% and a negative return on equity of 38.38%. The business had revenue of $459.68 million during the quarter, compared to analyst estimates of $467.45 million. During the same period last year, the business earned $0.21 earnings per share. The business’s quarterly revenue was down 8.0% compared to the same quarter last year. Pitney Bowes has set its FY 2025 guidance at 1.300-1.300 EPS. As a group, analysts anticipate that Pitney Bowes Inc. will post 1.21 EPS for the current fiscal year.

Pitney Bowes Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 8th. Shareholders of record on Monday, November 10th were issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date of this dividend was Monday, November 10th. This is a positive change from Pitney Bowes’s previous quarterly dividend of $0.08. Pitney Bowes’s payout ratio is presently 80.00%.

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.