Integrated Quantitative Investments LLC Buys 24,520 Shares of Pitney Bowes Inc. $PBI

Integrated Quantitative Investments LLC boosted its stake in shares of Pitney Bowes Inc. (NYSE:PBI) by 37.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 90,200 shares of the technology company’s stock after purchasing an additional 24,520 shares during the quarter. Integrated Quantitative Investments LLC owned about 0.05% of Pitney Bowes worth $984,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the company. Hennessy Advisors Inc. purchased a new position in Pitney Bowes during the 2nd quarter worth $12,660,000. Vanguard Group Inc. raised its stake in Pitney Bowes by 0.7% in the first quarter. Vanguard Group Inc. now owns 21,313,865 shares of the technology company’s stock valued at $192,890,000 after buying an additional 151,353 shares during the last quarter. Xponance Inc. boosted its holdings in Pitney Bowes by 186.6% in the first quarter. Xponance Inc. now owns 40,929 shares of the technology company’s stock worth $370,000 after acquiring an additional 26,646 shares in the last quarter. Nuveen LLC purchased a new stake in shares of Pitney Bowes during the first quarter worth about $5,322,000. Finally, Informed Momentum Co LLC acquired a new position in shares of Pitney Bowes during the first quarter valued at about $3,316,000. 67.88% of the stock is currently owned by institutional investors.

Pitney Bowes Price Performance

PBI stock opened at $9.15 on Friday. The company has a market capitalization of $1.47 billion, a P/E ratio of 20.34, a price-to-earnings-growth ratio of 0.57 and a beta of 1.27. Pitney Bowes Inc. has a 12 month low of $6.88 and a 12 month high of $13.11. The firm’s fifty day simple moving average is $10.98 and its 200-day simple moving average is $10.90.

Pitney Bowes (NYSE:PBI) last posted its earnings results on Wednesday, October 29th. The technology company reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.01). The business had revenue of $459.68 million for the quarter, compared to analyst estimates of $467.45 million. Pitney Bowes had a net margin of 4.14% and a negative return on equity of 40.31%. The company’s revenue for the quarter was down 8.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.21 earnings per share. Pitney Bowes has set its FY 2025 guidance at 1.300-1.300 EPS. As a group, sell-side analysts forecast that Pitney Bowes Inc. will post 1.21 earnings per share for the current year.

Pitney Bowes declared that its board has initiated a stock repurchase plan on Wednesday, July 30th that permits the company to repurchase $400.00 million in shares. This repurchase authorization permits the technology company to repurchase up to 18.9% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

Pitney Bowes Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 8th. Investors of record on Monday, November 10th will be given a dividend of $0.09 per share. This is an increase from Pitney Bowes’s previous quarterly dividend of $0.08. This represents a $0.36 annualized dividend and a yield of 3.9%. The ex-dividend date is Monday, November 10th. Pitney Bowes’s dividend payout ratio (DPR) is 80.00%.

Insider Transactions at Pitney Bowes

In related news, Director Brent D. Rosenthal purchased 3,000 shares of the firm’s stock in a transaction on Wednesday, September 3rd. The stock was bought at an average cost of $11.97 per share, with a total value of $35,910.00. Following the completion of the acquisition, the director owned 3,000 shares of the company’s stock, valued at $35,910. The trade was a ? increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 9.00% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on PBI shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Pitney Bowes in a research note on Thursday. Wall Street Zen cut shares of Pitney Bowes from a “strong-buy” rating to a “buy” rating in a report on Friday, August 22nd. Finally, The Goldman Sachs Group initiated coverage on shares of Pitney Bowes in a research note on Monday, November 3rd. They set a “neutral” rating and a $11.00 price objective for the company. Three research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $11.00.

Pitney Bowes Company Profile

Pitney Bowes Inc, a shipping and mailing company, provides technology, logistics, and financial services to small and medium-sized businesses, large enterprises, retailers, and government clients in the United States and internationally. It operates through Global Ecommerce, Presort Services, and SendTech Solutions segments.