Pitney Bowes Inc. $PBI Holdings Decreased by Hennessy Advisors Inc.

Hennessy Advisors Inc. trimmed its position in Pitney Bowes Inc. (NYSE:PBI) by 6.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,009,300 shares of the technology company’s stock after selling 65,700 shares during the quarter. Hennessy Advisors Inc. owned approximately 0.63% of Pitney Bowes worth $10,668,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in the company. Westside Investment Management Inc. increased its holdings in shares of Pitney Bowes by 1.8% in the 4th quarter. Westside Investment Management Inc. now owns 618,364 shares of the technology company’s stock valued at $6,536,000 after acquiring an additional 10,800 shares during the last quarter. Wedge Capital Management L L P NC increased its holdings in shares of Pitney Bowes by 15.0% in the 4th quarter. Wedge Capital Management L L P NC now owns 250,842 shares of the technology company’s stock valued at $2,651,000 after acquiring an additional 32,718 shares during the last quarter. TABR Capital Management LLC bought a new stake in shares of Pitney Bowes in the 4th quarter valued at approximately $807,000. CIBC Bancorp USA Inc. bought a new stake in shares of Pitney Bowes in the 3rd quarter valued at approximately $210,000. Finally, Advisory Services Network LLC increased its holdings in shares of Pitney Bowes by 2.4% in 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 during the last quarter. 67.88% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on PBI shares. Citigroup reaffirmed an “outperform” rating on shares of Pitney Bowes in a report on Friday. Citizens Jmp lifted their target price on Pitney Bowes from $13.00 to $14.00 and gave the stock a “market outperform” rating in a report on Friday. Zacks Research lowered Pitney Bowes from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 19th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Pitney Bowes in a report on Friday, March 27th. Finally, Bank of America assumed coverage on Pitney Bowes in a report on Tuesday, February 17th. They set an “underperform” rating and a $9.00 target price on the stock. Two equities 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. Based on data from MarketBeat.com, Pitney Bowes presently has an average rating of “Hold” and a consensus price target of $11.25.

Insider Buying and Selling at Pitney Bowes

In other news, CEO Kurt James Wolf sold 39,919 shares of the company’s stock in a transaction on Thursday, April 2nd. The stock was sold at an average price of $11.14, for a total transaction of $444,697.66. Following the completion of the sale, the chief executive officer directly owned 539,618 shares of the company’s stock, valued at $6,011,344.52. This represents a 6.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Brent D. Rosenthal purchased 4,000 shares of the company’s stock in a transaction that occurred on Friday, March 13th. The shares were acquired at an average cost of $10.22 per share, for a total transaction of $40,880.00. Following the completion of the transaction, the director directly owned 9,000 shares of the company’s stock, valued at $91,980. This trade represents a 80.00% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last ninety days, insiders have sold 502,939 shares of company stock valued at $5,352,655. 6.50% of the stock is currently owned by company insiders.

Pitney Bowes Stock Up 0.2%

Shares of NYSE PBI opened at $12.86 on Monday. Pitney Bowes Inc. has a 12 month low of $7.75 and a 12 month high of $13.11. The company has a market cap of $1.85 billion, a price-to-earnings ratio of 15.50, a P/E/G ratio of 0.89 and a beta of 1.39. The business has a fifty day simple moving average of $10.80 and a 200-day simple moving average of $10.52.

Pitney Bowes (NYSE:PBI) last announced its earnings results on Tuesday, February 17th. The technology company reported $0.45 EPS for the quarter, beating the consensus estimate of $0.38 by $0.07. Pitney Bowes had a negative return on equity of 36.91% and a net margin of 7.65%.The business had revenue of $477.63 million during the quarter, compared to the consensus estimate of $482.47 million. During the same period in the prior year, the business posted $0.32 earnings per share. Pitney Bowes’s 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. As a group, sell-side analysts expect that Pitney Bowes Inc. will post 1.21 EPS for the current fiscal year.

Pitney Bowes Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 30th. Stockholders of record on Friday, February 27th were issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend was Friday, February 27th. Pitney Bowes’s dividend 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.