Hsbc Holdings PLC Increases Stock Position in Pitney Bowes Inc. $PBI

Hsbc Holdings PLC raised its stake in shares of Pitney Bowes Inc. (NYSE:PBI) by 32.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 750,224 shares of the technology company’s stock after acquiring an additional 185,326 shares during the period. Hsbc Holdings PLC’s holdings in Pitney Bowes were worth $7,904,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. EverSource Wealth Advisors LLC boosted its position 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 worth $38,000 after purchasing an additional 1,015 shares during the period. Hantz Financial Services Inc. raised 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 purchasing an additional 2,459 shares during the period. UMB Bank n.a. raised 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 period. Canada Pension Plan Investment Board acquired a new position in Pitney Bowes during the second quarter worth $51,000. Finally, Copeland Capital Management LLC purchased a new position in shares of Pitney Bowes during the fourth quarter worth $65,000. 67.88% of the stock is currently owned by institutional investors and hedge funds.

Pitney Bowes Stock Up 0.2%

NYSE:PBI opened at $17.54 on Friday. The company has a fifty day simple moving average of $16.01 and a two-hundred day simple moving average of $12.47. The company has a market cap of $2.38 billion, a price-to-earnings ratio of 17.03, a price-to-earnings-growth ratio of 0.79 and a beta of 1.63. Pitney Bowes Inc. has a 52 week low of $8.95 and a 52 week high of $18.12.

Pitney Bowes (NYSE:PBI) last announced its quarterly earnings data on Tuesday, May 5th. The technology company reported $0.47 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.47. The business had revenue of $477.41 million for the quarter, compared to analysts’ expectations of $471.83 million. Pitney Bowes had a negative return on equity of 33.41% and a net margin of 8.92%.The company’s revenue for the quarter was down 3.2% compared to the same quarter last year. During the same period last year, the firm earned $0.33 earnings per share. On average, analysts expect that Pitney Bowes Inc. will post 1.62 EPS for the current year.

Pitney Bowes Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 5th. Shareholders of record on Monday, May 18th were issued a dividend of $0.01 per share. The ex-dividend date was Monday, May 18th. This represents a $0.04 annualized dividend and a yield of 0.2%. Pitney Bowes’s dividend payout ratio is 38.83%.

Insider Transactions at Pitney Bowes

In other news, CEO Kurt James Wolf sold 322,829 shares of the business’s stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $17.40, for a total transaction of $5,617,224.60. Following the completion of the transaction, the chief executive officer directly owned 264,922 shares of the company’s stock, valued at approximately $4,609,642.80. The trade was a 54.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Deborah Pfeiffer sold 18,750 shares of the company’s stock in a transaction that occurred on Friday, May 29th. The stock was sold at an average price of $16.06, for a total transaction of $301,125.00. Following the sale, the executive vice president owned 97,828 shares in the company, valued at $1,571,117.68. The trade was a 16.08% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 3,030,097 shares of company stock worth $46,661,100 in the last ninety days. 6.50% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on PBI shares. Zacks Research raised Pitney Bowes from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 7th. 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 report on Monday, May 11th. Citigroup reaffirmed a “market outperform” rating on shares of Pitney Bowes in a research report on Tuesday, June 16th. The Goldman Sachs Group set a $15.20 price target on shares of Pitney Bowes in a research note on Friday, May 8th. Finally, Weiss Ratings raised shares of Pitney Bowes from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, Pitney Bowes currently has an average rating of “Moderate Buy” and an average price target of $16.43.

About Pitney Bowes

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.