LSV Asset Management Increases Stock Holdings in Pitney Bowes Inc. $PBI

LSV Asset Management lifted its position in shares of Pitney Bowes Inc. (NYSE:PBI) by 246.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,197,189 shares of the technology company’s stock after buying an additional 2,986,689 shares during the quarter. LSV Asset Management’s holdings in Pitney Bowes were worth $44,364,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC increased its holdings 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 valued at $38,000 after acquiring an additional 1,015 shares in the last quarter. Advisory Services Network LLC increased its holdings in Pitney Bowes by 2.4% during the 3rd quarter. Advisory Services Network LLC now owns 52,975 shares of the technology company’s stock valued at $604,000 after acquiring an additional 1,234 shares in the last quarter. Baird Financial Group Inc. increased its holdings in Pitney Bowes by 12.5% during the 2nd quarter. Baird Financial Group Inc. now owns 13,164 shares of the technology company’s stock valued at $144,000 after acquiring an additional 1,459 shares in the last quarter. Amalgamated Bank increased its holdings in Pitney Bowes by 3.4% during the 3rd quarter. Amalgamated Bank now owns 46,680 shares of the technology company’s stock valued at $533,000 after acquiring an additional 1,555 shares in the last quarter. Finally, Stratos Wealth Partners LTD. increased its holdings in Pitney Bowes by 17.6% during the 3rd quarter. Stratos Wealth Partners LTD. now owns 11,993 shares of the technology company’s stock valued at $137,000 after acquiring an additional 1,799 shares in the last quarter. 67.88% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on PBI shares. Bank of America upgraded shares of Pitney Bowes from an “underperform” rating to a “neutral” rating and raised their target price for the company from $9.50 to $16.50 in a report on Monday, May 11th. Zacks Research upgraded shares of Pitney Bowes from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 7th. Truist Financial raised their target price on shares of Pitney Bowes from $11.00 to $15.00 and gave the company a “hold” rating in a report on Thursday, May 7th. The Goldman Sachs Group set a $15.20 target price on shares of Pitney Bowes in a report on Friday, May 8th. Finally, Weiss Ratings raised shares of Pitney Bowes from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $15.18.

Insider Activity

In other Pitney Bowes news, CEO Kurt James Wolf sold 389,161 shares of Pitney Bowes stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $15.69, for a total value of $6,105,936.09. Following the completion of the sale, the chief executive officer owned 363,853 shares in the company, valued at $5,708,853.57. The trade was a 51.68% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Brent D. Rosenthal bought 4,000 shares of the firm’s stock in a transaction dated Friday, March 13th. The shares were purchased 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 approximately $91,980. This trade represents a 80.00% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders sold a total of 2,306,054 shares of company stock valued at $33,319,180 in the last 90 days. 6.50% of the stock is owned by company insiders.

Pitney Bowes Price Performance

PBI opened at $15.29 on Monday. The stock has a market capitalization of $2.07 billion, a price-to-earnings ratio of 14.84, a price-to-earnings-growth ratio of 0.68 and a beta of 1.64. The business has a 50-day moving average of $13.02 and a two-hundred day moving average of $11.21. Pitney Bowes Inc. has a 12 month low of $8.95 and a 12 month high of $16.56.

Pitney Bowes (NYSE:PBI) last posted its quarterly earnings results on Tuesday, May 5th. The technology company reported $0.47 EPS for the quarter, meeting the consensus estimate of $0.47. The company had revenue of $477.41 million during the quarter, compared to analysts’ expectations of $471.83 million. Pitney Bowes had a negative return on equity of 33.41% and a net margin of 8.92%.The firm’s revenue was down 3.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.33 EPS. Equities research analysts anticipate that Pitney Bowes Inc. will post 1.62 earnings per share for the current year.

Pitney Bowes Cuts Dividend

The firm also recently declared 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. The ex-dividend date is Monday, May 18th. This represents a $0.04 annualized dividend and a yield of 0.3%. Pitney Bowes’s payout ratio is 38.83%.

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.