Denali Advisors LLC Purchases Shares of 149,840 Pitney Bowes Inc. $PBI

Denali Advisors LLC acquired a new position in Pitney Bowes Inc. (NYSE:PBI) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 149,840 shares of the technology company’s stock, valued at approximately $2,625,000. Denali Advisors LLC owned approximately 0.11% of Pitney Bowes as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Longview Financial Advisors Inc. purchased a new stake in shares of Pitney Bowes during the 1st quarter valued at about $26,000. EverSource Wealth Advisors LLC boosted its holdings in Pitney Bowes by 41.3% in 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 period. Hantz Financial Services Inc. grew its position in Pitney Bowes by 190.9% in the fourth quarter. Hantz Financial Services Inc. now owns 3,747 shares of the technology company’s stock valued at $40,000 after acquiring an additional 2,459 shares in the last quarter. UMB Bank n.a. grew its position in Pitney Bowes by 404.6% in the fourth quarter. UMB Bank n.a. now owns 4,022 shares of the technology company’s stock valued at $43,000 after acquiring an additional 3,225 shares in the last quarter. Finally, Canada Pension Plan Investment Board purchased a new stake in shares of Pitney Bowes during the second quarter valued at approximately $51,000. Hedge funds and other institutional investors own 67.88% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on PBI shares. The Goldman Sachs Group reissued a “neutral” rating and set a $17.30 target price on shares of Pitney Bowes in a research report on Thursday, July 30th. Truist Financial raised their price target on shares of Pitney Bowes from $15.00 to $18.00 and gave the company a “hold” rating in a report on Friday, July 31st. Zacks Research raised shares of Pitney Bowes from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 10th. Citizens Jmp boosted their price objective on shares of Pitney Bowes from $19.00 to $22.00 and gave the stock a “market outperform” rating in a report on Friday, July 31st. Finally, Bank of America upgraded 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 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 issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Pitney Bowes presently has a consensus rating of “Moderate Buy” and an average price target of $18.45.

Pitney Bowes Trading Down 0.3%

Pitney Bowes stock opened at $16.12 on Thursday. Pitney Bowes Inc. has a 52 week low of $8.95 and a 52 week high of $19.07. The stock has a market cap of $2.21 billion, a P/E ratio of 13.21, a price-to-earnings-growth ratio of 0.65 and a beta of 1.63. The stock has a 50 day moving average of $17.49 and a 200-day moving average of $14.40.

Pitney Bowes (NYSE:PBI) last issued its quarterly earnings results on Wednesday, July 29th. The technology company reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.09. The business 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 revenue was down 2.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.27 earnings per share. Pitney Bowes has set its FY 2026 guidance at 1.550-1.700 EPS. As a group, equities analysts predict that Pitney Bowes Inc. will post 1.68 earnings per share for the current fiscal year.

Pitney Bowes Dividend Announcement

The business 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. The ex-dividend date of this dividend is Monday, August 10th. This represents a $0.04 annualized dividend and a dividend yield of 0.2%. Pitney Bowes’s payout ratio is presently 32.79%.

Insider Activity

In related news, CEO Kurt James Wolf sold 413,266 shares of Pitney Bowes stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $18.11, for a total value of $7,484,247.26. Following the completion of the transaction, the chief executive officer directly owned 122,963 shares in the company, valued at approximately $2,226,859.93. This trade represents a 77.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Todd A. Everett sold 25,000 shares of the business’s stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $18.07, for a total value of $451,750.00. Following the completion of the sale, the executive vice president directly owned 96,048 shares of the company’s stock, valued at approximately $1,735,587.36. This represents a 20.65% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 2,476,376 shares of company stock valued at $43,266,688 in the last three months. Insiders own 6.50% of the company’s stock.

Pitney Bowes Company 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.