Ruffer LLP Acquires New Stake in Pitney Bowes Inc. $PBI

Ruffer LLP acquired a new stake in shares of Pitney Bowes Inc. (NYSE:PBI) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 423,474 shares of the technology company’s stock, valued at approximately $4,483,000.

Other hedge funds also recently bought and sold shares of the company. EverSource Wealth Advisors LLC increased its position in Pitney Bowes by 41.3% in the second quarter. EverSource Wealth Advisors LLC now owns 3,472 shares of the technology company’s stock worth $38,000 after buying an additional 1,015 shares in the last quarter. Canada Pension Plan Investment Board purchased a new stake in Pitney Bowes in the second quarter worth about $51,000. United Services Automobile Association purchased a new stake in Pitney Bowes in the first quarter worth about $96,000. PFG Investments LLC purchased a new stake in Pitney Bowes in the third quarter worth about $127,000. Finally, Longboard Asset Management LP purchased a new stake in Pitney Bowes in the third quarter worth about $133,000. Hedge funds and other institutional investors own 67.88% of the company’s stock.

Insider Transactions at Pitney Bowes

In other news, CEO Kurt James Wolf sold 160,289 shares of the company’s stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $11.06, for a total value of $1,772,796.34. Following the completion of the transaction, the chief executive officer owned 543,211 shares of the company’s stock, valued at $6,007,913.66. This represents a 22.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Brent D. Rosenthal acquired 4,000 shares of the company’s stock in a transaction dated Friday, March 13th. The stock was acquired at an average cost of $10.22 per share, with a total value of $40,880.00. Following the purchase, the director owned 9,000 shares of the company’s stock, valued at approximately $91,980. This trade represents a 80.00% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last ninety days, insiders sold 502,939 shares of company stock valued at $5,352,655. Corporate insiders own 6.50% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on PBI. Citizens Jmp upped their price target on Pitney Bowes from $13.00 to $14.00 and gave the stock a “market outperform” rating in a research report on Friday, April 17th. Zacks Research cut Pitney Bowes from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 19th. Citigroup restated an “outperform” rating on shares of Pitney Bowes in a research report on Friday. Bank of America began coverage on Pitney Bowes in a research report on Tuesday, February 17th. They issued an “underperform” rating and a $9.00 price target for the company. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Pitney Bowes in a research report on Friday, March 27th. Two analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $11.25.

Pitney Bowes Stock Up 10.6%

NYSE PBI opened at $14.59 on Wednesday. The firm has a market cap of $2.09 billion, a price-to-earnings ratio of 17.58, a price-to-earnings-growth ratio of 0.91 and a beta of 1.39. The business has a 50-day moving average price of $10.93 and a 200-day moving average price of $10.56. Pitney Bowes Inc. has a twelve month low of $7.95 and a twelve month high of $14.87.

Pitney Bowes (NYSE:PBI) last released its quarterly earnings data on Tuesday, February 17th. The technology company reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.07. The firm had revenue of $477.63 million during the quarter, compared to analyst estimates of $482.47 million. Pitney Bowes had a negative return on equity of 36.91% and a net margin of 7.65%.The business’s quarterly revenue was down 7.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.32 earnings per share. Pitney Bowes has set its FY 2026 guidance at 1.400-1.600 EPS. Research analysts expect that Pitney Bowes Inc. will post 1.46 EPS for the current fiscal year.

Pitney Bowes Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 30th. Stockholders of record on Friday, February 27th were paid a $0.09 dividend. The ex-dividend date of this dividend was Friday, February 27th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.5%. Pitney Bowes’s dividend payout ratio is 43.37%.

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.