Man Group plc Invests $6.66 Million in Pitney Bowes Inc. $PBI

Man Group plc purchased a new position in shares of Pitney Bowes Inc. (NYSE:PBI) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 380,082 shares of the technology company’s stock, valued at approximately $6,659,000. Man Group plc owned approximately 0.28% of Pitney Bowes at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Royal Bank of Canada lifted its position in shares of Pitney Bowes by 133.1% in the 1st quarter. Royal Bank of Canada now owns 52,958 shares of the technology company’s stock worth $478,000 after purchasing an additional 30,238 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Pitney Bowes by 5.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 97,424 shares of the technology company’s stock worth $882,000 after buying an additional 5,149 shares in the last quarter. United Services Automobile Association bought a new position in Pitney Bowes in the first quarter worth approximately $96,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Pitney Bowes by 18.2% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 470,488 shares of the technology company’s stock worth $4,258,000 after buying an additional 72,437 shares during the period. Finally, Intech Investment Management LLC lifted its holdings in Pitney Bowes by 15.5% during the first quarter. Intech Investment Management LLC now owns 195,309 shares of the technology company’s stock worth $1,768,000 after buying an additional 26,260 shares during the period. Hedge funds and other institutional investors own 67.88% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. Truist Financial lifted their target price on Pitney Bowes from $15.00 to $18.00 and gave the company a “hold” rating in a research note on Friday, July 31st. Weiss Ratings upgraded shares of Pitney Bowes from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, July 31st. Citizens Jmp lifted their price objective on shares of Pitney Bowes from $19.00 to $22.00 and gave the stock a “market outperform” rating in a research report on Friday, July 31st. Zacks Research upgraded shares of Pitney Bowes from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 10th. Finally, Bank of America upgraded shares of Pitney Bowes from an “underperform” rating to a “neutral” rating and boosted their price objective for the stock from $9.50 to $16.50 in a research note on Monday, May 11th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, Pitney Bowes has an average rating of “Moderate Buy” and a consensus price target of $18.45.

Insider Activity at Pitney Bowes

In other Pitney Bowes news, EVP Todd A. Everett sold 25,000 shares of the business’s stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $18.07, for a total transaction of $451,750.00. Following the transaction, the executive vice president owned 96,048 shares of the company’s stock, valued at approximately $1,735,587.36. The trade was a 20.65% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Kurt James Wolf sold 430,443 shares of the business’s stock in a transaction dated Thursday, July 30th. The shares were sold at an average price of $18.23, for a total transaction of $7,846,975.89. Following the transaction, the chief executive officer directly owned 179,190 shares in the company, valued at approximately $3,266,633.70. The trade was a 70.61% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 2,417,150 shares of company stock worth $42,333,327. Company insiders own 6.50% of the company’s stock.

Pitney Bowes Price Performance

NYSE:PBI opened at $17.23 on Friday. The company’s fifty day moving average price is $17.41 and its 200-day moving average price is $14.68. Pitney Bowes Inc. has a 1-year low of $8.95 and a 1-year high of $19.07. The firm has a market capitalization of $2.36 billion, a P/E ratio of 14.12, a PEG ratio of 0.69 and a beta of 1.63.

Pitney Bowes (NYSE:PBI) last posted its earnings results on Wednesday, July 29th. The technology company reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.09. The firm had revenue of $451.50 million during the quarter, compared to analyst estimates of $453.94 million. Pitney Bowes had a net margin of 10.04% and a negative return on equity of 31.37%. The business’s quarterly revenue was down 2.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.27 EPS. Pitney Bowes has set its FY 2026 guidance at 1.550-1.700 EPS. Equities analysts anticipate that Pitney Bowes Inc. will post 1.68 EPS for the current fiscal year.

Pitney Bowes Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 8th. Stockholders of record on Monday, August 10th will be given a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.2%. The ex-dividend date is Monday, August 10th. Pitney Bowes’s dividend payout ratio (DPR) is 32.79%.

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.