Pitney Bowes Inc. $PBI Shares Bought by Intech Investment Management LLC

Intech Investment Management LLC lifted its position in shares of Pitney Bowes Inc. (NYSE:PBI) by 130.6% during the third quarter, HoldingsChannel reports. The firm owned 464,679 shares of the technology company’s stock after purchasing an additional 263,173 shares during the quarter. Intech Investment Management LLC’s holdings in Pitney Bowes were worth $5,302,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in PBI. Capital Management Corp VA lifted its holdings in Pitney Bowes by 8.2% in the 3rd quarter. Capital Management Corp VA now owns 2,337,760 shares of the technology company’s stock worth $26,674,000 after buying an additional 176,180 shares in the last quarter. Evergreen Wealth Management LLC purchased a new stake in shares of Pitney Bowes during the third quarter worth about $6,691,000. Allspring Global Investments Holdings LLC increased its position in shares of Pitney Bowes by 76.8% during the third quarter. Allspring Global Investments Holdings LLC now owns 555,747 shares of the technology company’s stock worth $6,341,000 after acquiring an additional 241,465 shares during the last quarter. Phoenix Financial Ltd. acquired a new position in shares of Pitney Bowes in the third quarter worth about $3,493,000. Finally, Mizuho Markets Americas LLC purchased a new position in Pitney Bowes in the third quarter valued at about $7,683,000. 67.88% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Pitney Bowes

In related news, CEO Kurt James Wolf sold 150,000 shares of the company’s stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $10.30, for a total transaction of $1,545,000.00. Following the completion of the transaction, the chief executive officer directly owned 571,137 shares in the company, valued at $5,882,711.10. This represents a 20.80% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 9.00% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Zacks Research downgraded Pitney Bowes from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 19th. Citigroup began coverage on shares of Pitney Bowes in a research note on Wednesday, December 3rd. They issued an “outperform” rating for the company. Citizens Jmp reaffirmed a “market outperform” rating and issued a $13.00 price target on shares of Pitney Bowes in a report on Wednesday, February 18th. Bank of America assumed coverage on shares of Pitney Bowes in a report on Tuesday, February 17th. They set an “underperform” rating and a $9.00 price objective for the company. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Pitney Bowes in a research report on Monday, December 29th. Two research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Pitney Bowes presently has a consensus rating of “Hold” and an average target price of $11.00.

Pitney Bowes Stock Performance

NYSE PBI opened at $10.75 on Friday. Pitney Bowes Inc. has a one year low of $7.39 and a one year high of $13.11. The company has a 50-day simple moving average of $10.48 and a 200-day simple moving average of $10.72. The firm has a market capitalization of $1.61 billion, a PE ratio of 12.95, a price-to-earnings-growth ratio of 0.74 and a beta of 1.41.

Pitney Bowes (NYSE:PBI) last released its quarterly earnings data on Tuesday, February 17th. The technology company reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.07. Pitney Bowes had a net margin of 7.65% and a negative return on equity of 36.91%. The firm had revenue of $477.63 million for the quarter, compared to analyst estimates of $482.47 million. During the same quarter in the prior year, the business earned $0.32 earnings per share. Pitney Bowes’s quarterly revenue was down 7.5% on a year-over-year basis. Pitney Bowes has set its FY 2026 guidance at 1.400-1.600 EPS. Equities analysts forecast that Pitney Bowes Inc. will post 1.21 earnings per share for the current year.

Pitney Bowes Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 30th. Investors of record on Friday, February 27th will be given a dividend of $0.09 per share. The ex-dividend date is Friday, February 27th. This represents a $0.36 dividend on an annualized basis and a yield of 3.4%. Pitney Bowes’s payout ratio is currently 43.37%.

About Pitney Bowes

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.