Hsbc Holdings PLC Invests $27.76 Million in Pitney Bowes Inc. $PBI

Hsbc Holdings PLC bought a new position in Pitney Bowes Inc. (NYSE:PBI) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 1,587,274 shares of the technology company’s stock, valued at approximately $27,762,000. Hsbc Holdings PLC owned approximately 1.16% of Pitney Bowes at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Longview Financial Advisors Inc. acquired a new stake in Pitney Bowes during the first quarter valued at $26,000. EverSource Wealth Advisors LLC raised its holdings in shares of Pitney Bowes by 41.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,472 shares of the technology company’s stock valued at $38,000 after purchasing an additional 1,015 shares in the last quarter. Hantz Financial Services Inc. raised its holdings in Pitney Bowes by 190.9% during the fourth quarter. Hantz Financial Services Inc. now owns 3,747 shares of the technology company’s stock valued at $40,000 after buying an additional 2,459 shares in the last quarter. UMB Bank n.a. lifted its holdings in Pitney Bowes by 404.6% in the 4th quarter. UMB Bank n.a. now owns 4,022 shares of the technology company’s stock worth $43,000 after purchasing an additional 3,225 shares during the last quarter. Finally, Canada Pension Plan Investment Board acquired a new stake in shares of Pitney Bowes in the second quarter worth $51,000. Hedge funds and other institutional investors own 67.88% of the company’s stock.

Pitney Bowes Stock Up 1.5%

NYSE:PBI opened at $17.27 on Friday. The company has a market cap of $2.37 billion, a P/E ratio of 14.15, a price-to-earnings-growth ratio of 0.68 and a beta of 1.63. Pitney Bowes Inc. has a twelve month low of $8.95 and a twelve month high of $19.07. The business has a 50 day moving average price of $17.42 and a two-hundred day moving average price of $14.66.

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

Pitney Bowes Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 8th. Shareholders of record on Monday, August 10th will be given a dividend of $0.01 per share. The ex-dividend date of this dividend is Monday, August 10th. This represents a $0.04 annualized dividend and a yield of 0.2%. Pitney Bowes’s payout ratio is 32.79%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on PBI shares. Citigroup reissued a “market outperform” rating on shares of Pitney Bowes in a research report on Friday, July 31st. Truist Financial upped their price objective on Pitney Bowes from $15.00 to $18.00 and gave the company a “hold” rating in a research note on Friday, July 31st. Citizens Jmp increased their target price 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. Bank of America upgraded Pitney Bowes from an “underperform” rating to a “neutral” rating and increased their price target for the stock from $9.50 to $16.50 in a research report on Monday, May 11th. Finally, The Goldman Sachs Group restated a “neutral” rating and issued a $17.30 price objective on shares of Pitney Bowes in a research report on Thursday, July 30th. One investment 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 company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $18.45.

Insider Transactions at Pitney Bowes

In other news, CEO Kurt James Wolf sold 430,443 shares of the firm’s stock in a transaction dated Thursday, July 30th. The stock was sold at an average price of $18.23, for a total value of $7,846,975.89. Following the completion of the transaction, the chief executive officer owned 179,190 shares in the company, valued at $3,266,633.70. This trade represents a 70.61% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Todd A. Everett sold 25,000 shares of the firm’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 transaction, the executive vice president owned 96,048 shares of the company’s stock, valued at $1,735,587.36. The trade was a 20.65% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 2,417,150 shares of company stock valued at $42,333,327. Company insiders own 6.50% of the company’s stock.

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.