State of Wyoming Takes Position in Pitney Bowes Inc. $PBI

State of Wyoming acquired a new position in Pitney Bowes Inc. (NYSE:PBI) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 46,007 shares of the technology company’s stock, valued at approximately $806,000.

Several other large investors have also recently modified their holdings of the stock. Longview Financial Advisors Inc. purchased a new stake in Pitney Bowes during the 1st quarter valued at about $26,000. 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. Hantz Financial Services Inc. increased its stake in Pitney Bowes by 190.9% in the 4th quarter. Hantz Financial Services Inc. now owns 3,747 shares of the technology company’s stock worth $40,000 after purchasing an additional 2,459 shares during the period. UMB Bank n.a. lifted 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 purchasing an additional 3,225 shares during the last quarter. Finally, Canada Pension Plan Investment Board bought a new stake in Pitney Bowes in the second quarter valued at approximately $51,000. Hedge funds and other institutional investors own 67.88% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on PBI shares. Truist Financial raised their target price on shares of Pitney Bowes from $15.00 to $18.00 and gave the stock a “hold” rating in a report on Friday, July 31st. Citizens Jmp upped their price target on shares of Pitney Bowes from $19.00 to $22.00 and gave the company a “market outperform” rating in a report on Friday, July 31st. Bank of America raised shares of Pitney Bowes from an “underperform” rating to a “neutral” rating and increased their price target for the company from $9.50 to $16.50 in a research report on Monday, May 11th. Wall Street Zen raised shares of Pitney Bowes from a “buy” rating to a “strong-buy” rating in a report on Saturday, April 25th. 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 given a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $18.45.

Pitney Bowes Stock Performance

Shares of PBI stock opened at $16.40 on Monday. Pitney Bowes Inc. has a fifty-two week low of $8.95 and a fifty-two week high of $19.07. The firm has a market cap of $2.25 billion, a P/E ratio of 13.44, a P/E/G ratio of 0.66 and a beta of 1.63. The business’s 50 day moving average price is $17.53 and its 200-day moving average price is $14.28.

Pitney Bowes (NYSE:PBI) last announced its earnings results on Wednesday, July 29th. The technology company reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.09. Pitney Bowes had a negative return on equity of 31.37% and a net margin of 10.04%.The company had revenue of $451.50 million during the quarter, compared to the consensus estimate of $453.94 million. During the same quarter in the prior year, the company earned $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, equities analysts predict that Pitney Bowes Inc. will post 1.68 EPS for the current year.

Pitney Bowes Dividend Announcement

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

Insider Buying and Selling

In other Pitney Bowes news, CEO Kurt James Wolf sold 430,443 shares of the company’s stock in a transaction on Thursday, July 30th. The shares were 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 directly owned 179,190 shares in the company, valued at approximately $3,266,633.70. This represents a 70.61% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last three months, insiders have sold 2,476,376 shares of company stock valued at $43,266,688. 6.50% of the stock is currently owned by corporate insiders.

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.