Gamco Investors INC. ET AL Decreases Stock Position in Pitney Bowes Inc. $PBI

Gamco Investors INC. ET AL lessened its stake in Pitney Bowes Inc. (NYSE:PBI) by 20.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 367,200 shares of the technology company’s stock after selling 95,500 shares during the period. Gamco Investors INC. ET AL’s holdings in Pitney Bowes were worth $4,190,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the stock. EverSource Wealth Advisors LLC grew its position 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 worth $38,000 after acquiring an additional 1,015 shares during the last quarter. Elevation Point Wealth Partners LLC bought a new stake in Pitney Bowes in the second quarter valued at approximately $51,000. Canada Pension Plan Investment Board purchased a new stake in shares of Pitney Bowes during the second quarter valued at approximately $51,000. United Services Automobile Association purchased a new stake in shares of Pitney Bowes during the first quarter valued at approximately $96,000. Finally, PFG Investments LLC bought a new position in shares of Pitney Bowes in the third quarter worth approximately $127,000. 67.88% of the stock is currently owned by hedge funds and other institutional investors.

Pitney Bowes Stock Up 0.9%

Shares of Pitney Bowes stock opened at $10.68 on Tuesday. The business has a 50 day moving average of $10.49 and a 200 day moving average of $10.69. Pitney Bowes Inc. has a 52 week low of $7.39 and a 52 week high of $13.11. The company has a market cap of $1.60 billion, a PE ratio of 12.86, a P/E/G ratio of 0.73 and a beta of 1.42.

Pitney Bowes (NYSE:PBI) last issued its quarterly earnings data on Tuesday, February 17th. The technology company reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 business had revenue of $477.63 million for the quarter, compared to the consensus estimate of $482.47 million. During the same period in the previous year, the firm earned $0.32 EPS. The company’s quarterly revenue was down 7.5% compared to the same quarter last year. Pitney Bowes has set its FY 2026 guidance at 1.400-1.600 EPS. On average, research analysts anticipate that Pitney Bowes Inc. will post 1.21 earnings per share for the current year.

Pitney Bowes Dividend Announcement

The business also recently declared 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 annualized dividend and a dividend yield of 3.4%. Pitney Bowes’s payout ratio is currently 43.37%.

Wall Street Analyst Weigh In

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

Insider Activity

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

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.