BlackRock Inc. Takes $220.47 Million Position in Pitney Bowes Inc. $PBI

BlackRock Inc. bought a new stake in Pitney Bowes Inc. (NYSE:PBI) during the 2nd quarter, Holdings Channel reports. The firm bought 12,584,067 shares of the technology company’s stock, valued at approximately $220,473,000. BlackRock Inc. owned 0.09% of Pitney Bowes at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Deutsche Bank AG purchased a new stake in shares of Pitney Bowes in the second quarter valued at about $9,644,000. Plato Investment Management Ltd acquired a new stake in Pitney Bowes in the second quarter valued at about $55,000. Wealth Effects LLC acquired a new stake in Pitney Bowes in the second quarter valued at about $894,000. Alberta Investment Management Corp purchased a new stake in Pitney Bowes in the 2nd quarter valued at approximately $6,374,000. Finally, Bank of New York Mellon Corp purchased a new stake in Pitney Bowes in the 2nd quarter valued at approximately $28,683,000. Institutional investors and hedge funds own 67.88% of the company’s stock.

Insider Buying and Selling at Pitney Bowes

In other news, EVP Todd A. Everett sold 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $18.07, for a total transaction of $451,750.00. Following the completion of the sale, the executive vice president owned 96,048 shares of the company’s stock, valued at approximately $1,735,587.36. This trade represents a 20.65% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Kurt James Wolf sold 430,443 shares of Pitney Bowes 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 of the company’s stock, valued at $3,266,633.70. This trade represents a 70.61% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 2,417,150 shares of company stock valued at $42,333,327 over the last 90 days. Insiders own 6.50% of the company’s stock.

Pitney Bowes Price Performance

Pitney Bowes stock opened at $17.27 on Friday. The stock has a market capitalization of $2.37 billion, a P/E ratio of 14.15, a P/E/G ratio of 0.68 and a beta of 1.63. Pitney Bowes Inc. has a 12-month low of $8.95 and a 12-month high of $19.07. The firm’s 50-day moving average is $17.42 and its two-hundred day moving average is $14.66.

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

Pitney Bowes Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 8th. Stockholders 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 dividend yield of 0.2%. The ex-dividend date of this dividend is Monday, August 10th. Pitney Bowes’s payout ratio is presently 32.79%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Truist Financial increased their price objective on Pitney Bowes from $15.00 to $18.00 and gave the stock a “hold” rating in a research report on Friday, July 31st. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $17.30 price target on shares of Pitney Bowes in a research note on Thursday, July 30th. Citigroup reiterated a “market outperform” rating on shares of Pitney Bowes in a report on Friday, July 31st. Bank of America upgraded shares of Pitney Bowes from an “underperform” rating to a “neutral” rating and raised their price objective for the company from $9.50 to $16.50 in a research note on Monday, May 11th. Finally, Citizens Jmp boosted their price objective on shares of Pitney Bowes from $19.00 to $22.00 and gave the stock a “market outperform” rating in a report on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $18.45.

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.