Indivisible Partners Invests $595,000 in Pitney Bowes Inc. $PBI

Indivisible Partners bought a new position in shares of Pitney Bowes Inc. (NYSE:PBIFree Report) during the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 56,264 shares of the technology company’s stock, valued at approximately $595,000.

A number of other large investors also recently made changes to their positions in the company. Capital Management Corp VA increased its stake in shares of 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 purchasing an additional 592,568 shares during the period. Solidarity Wealth LLC bought a new position in shares of Pitney Bowes during the fourth quarter worth approximately $6,236,000. Copeland Capital Management LLC bought a new position in shares of Pitney Bowes during the fourth quarter worth approximately $65,000. Trail Ridge Investment Advisors LLC increased its stake in shares of Pitney Bowes by 12.9% during the fourth quarter. Trail Ridge Investment Advisors LLC now owns 23,584 shares of the technology company’s stock worth $249,000 after purchasing an additional 2,694 shares during the period. Finally, FORM Wealth Advisors LLC bought a new position in shares of Pitney Bowes during the fourth quarter worth approximately $155,000. Institutional investors own 67.88% of the company’s stock.

Pitney Bowes Price Performance

Pitney Bowes stock opened at $15.07 on Thursday. The stock’s fifty day moving average price is $11.84 and its two-hundred day moving average price is $10.83. Pitney Bowes Inc. has a one year low of $8.81 and a one year high of $15.95. The firm has a market cap of $2.16 billion, a PE ratio of 14.63, a price-to-earnings-growth ratio of 0.99 and a beta of 1.64.

Pitney Bowes (NYSE:PBIGet Free Report) last issued its earnings results on Tuesday, May 5th. The technology company reported $0.47 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.47. The firm had revenue of $477.41 million for the quarter, compared to the consensus estimate of $471.83 million. Pitney Bowes had a negative return on equity of 36.24% and a net margin of 8.92%.The company’s revenue was down 3.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.33 EPS. Sell-side analysts expect that Pitney Bowes Inc. will post 1.58 earnings per share for the current fiscal year.

Pitney Bowes Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 5th. Shareholders of record on Monday, May 18th will be issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend is Monday, May 18th. Pitney Bowes’s dividend payout ratio (DPR) is currently 43.37%.

Insiders Place Their Bets

In other news, Director Brent D. Rosenthal acquired 4,000 shares of the business’s stock in a transaction that occurred on Friday, March 13th. The shares were bought at an average price of $10.22 per share, with a total value of $40,880.00. Following the acquisition, the director directly owned 9,000 shares in the company, valued at $91,980. The trade was a 80.00% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Kurt James Wolf sold 39,919 shares of the firm’s stock in a transaction on Thursday, April 2nd. The shares were sold at an average price of $11.14, for a total value of $444,697.66. Following the sale, the chief executive officer directly owned 539,618 shares in the company, valued at approximately $6,011,344.52. This trade represents a 6.89% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 503,108 shares of company stock worth $5,355,063. Company insiders own 6.50% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Citizens Jmp increased their target price on Pitney Bowes from $13.00 to $14.00 and gave the stock a “market outperform” rating in a research note on Friday, April 17th. Bank of America assumed coverage on Pitney Bowes in a research note on Tuesday, February 17th. They set an “underperform” rating and a $9.00 target price on the stock. The Goldman Sachs Group reiterated a “neutral” rating and set a $13.70 target price on shares of Pitney Bowes in a research note on Friday, April 24th. Wall Street Zen upgraded Pitney Bowes from a “buy” rating to a “strong-buy” rating in a research note on Saturday, April 25th. Finally, Weiss Ratings lowered Pitney Bowes from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, April 24th. Two equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Pitney Bowes has a consensus rating of “Hold” and an average price target of $11.93.

Check Out Our Latest Stock Analysis on Pitney Bowes

Pitney Bowes News Summary

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Pitney Bowes Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Pitney Bowes (NYSE:PBI)

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