Fuller & Thaler Asset Management Inc. Buys New Shares in Pitney Bowes Inc. $PBI

Fuller & Thaler Asset Management Inc. purchased a new position in shares of Pitney Bowes Inc. (NYSE:PBI) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 60,390 shares of the technology company’s stock, valued at approximately $547,000.

Other hedge funds also recently made changes to their positions in the company. PFG Investments LLC raised its position in shares of Pitney Bowes by 14.6% in the 1st quarter. PFG Investments LLC now owns 12,884 shares of the technology company’s stock worth $117,000 after buying an additional 1,644 shares during the period. Bank of Montreal Can increased its stake in Pitney Bowes by 8.6% during the fourth quarter. Bank of Montreal Can now owns 37,259 shares of the technology company’s stock worth $270,000 after acquiring an additional 2,962 shares during the last quarter. Atria Wealth Solutions Inc. increased its stake in Pitney Bowes by 4.3% during the first quarter. Atria Wealth Solutions Inc. now owns 85,340 shares of the technology company’s stock worth $772,000 after acquiring an additional 3,500 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Pitney Bowes by 4.4% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 92,275 shares of the technology company’s stock worth $668,000 after purchasing an additional 3,904 shares during the period. Finally, Quantbot Technologies LP acquired a new position in shares of Pitney Bowes in the 1st quarter valued at about $36,000. Institutional investors and hedge funds own 67.88% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on PBI. Wall Street Zen downgraded shares of Pitney Bowes from a “strong-buy” rating to a “buy” rating in a research report on Thursday, May 15th. Sidoti upgraded shares of Pitney Bowes to a “hold” rating in a research note on Monday, May 5th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company has a consensus rating of “Hold”.

Insider Buying and Selling at Pitney Bowes

In other news, EVP Deborah Pfeiffer sold 35,000 shares of the business’s stock in a transaction that occurred on Monday, July 14th. The stock was sold at an average price of $12.14, for a total value of $424,900.00. Following the completion of the sale, the executive vice president directly owned 115,405 shares in the company, valued at approximately $1,401,016.70. The trade was a 23.27% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 9.00% of the company’s stock.

Pitney Bowes Trading Down 0.6%

Shares of NYSE:PBI opened at $11.3550 on Thursday. The firm has a market cap of $1.95 billion, a PE ratio of -18.93, a price-to-earnings-growth ratio of 0.59 and a beta of 1.54. The company has a fifty day simple moving average of $11.27 and a 200 day simple moving average of $10.02. Pitney Bowes Inc. has a 12-month low of $6.22 and a 12-month high of $13.11.

Pitney Bowes (NYSE:PBI) last announced its quarterly earnings data on Wednesday, July 30th. The technology company reported $0.27 earnings per share for the quarter, hitting the consensus estimate of $0.27. The company had revenue of $461.91 million during the quarter, compared to analyst estimates of $475.92 million. Pitney Bowes had a negative net margin of 5.60% and a negative return on equity of 38.01%. The firm’s revenue for the quarter was down 5.7% compared to the same quarter last year. During the same period last year, the business earned $0.03 EPS. Pitney Bowes has set its FY 2025 guidance at 1.200-1.400 EPS. As a group, equities research analysts forecast that Pitney Bowes Inc. will post 1.21 EPS for the current fiscal year.

Pitney Bowes Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 8th. Stockholders of record on Monday, August 11th will be given a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 2.8%. The ex-dividend date is Monday, August 11th. This is a positive change from Pitney Bowes’s previous quarterly dividend of $0.07. Pitney Bowes’s payout ratio is -53.33%.

Pitney Bowes announced that its board has authorized a stock repurchase plan on Wednesday, July 30th that allows the company to buyback $400.00 million in shares. This buyback authorization allows the technology company to reacquire up to 18.9% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board of directors believes its shares are undervalued.

About Pitney Bowes

Pitney Bowes Inc, a shipping and mailing company, provides technology, logistics, and financial services to small and medium-sized businesses, large enterprises, retailers, and government clients in the United States and internationally. It operates through Global Ecommerce, Presort Services, and SendTech Solutions segments.