Neo Ivy Capital Management Invests $3.96 Million in Pitney Bowes Inc. $PBI

Neo Ivy Capital Management bought a new position in Pitney Bowes Inc. (NYSE:PBI) during the third quarter, according to its most recent filing with the SEC. The firm bought 347,218 shares of the technology company’s stock, valued at approximately $3,962,000. Pitney Bowes makes up 1.0% of Neo Ivy Capital Management’s investment portfolio, making the stock its 9th largest holding.

Several other hedge funds have also bought and sold shares of PBI. EverSource Wealth Advisors LLC increased its stake 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 valued at $38,000 after purchasing an additional 1,015 shares in the last quarter. Elevation Point Wealth Partners LLC acquired a new position in Pitney Bowes during the second quarter worth $51,000. Canada Pension Plan Investment Board bought a new position in shares of Pitney Bowes in the second quarter valued at $51,000. United Services Automobile Association bought a new position in shares of Pitney Bowes in the first quarter valued at $96,000. Finally, PFG Investments LLC acquired a new position in shares of Pitney Bowes during the third quarter valued at about $127,000. Institutional investors and hedge funds own 67.88% of the company’s stock.

Pitney Bowes Price Performance

NYSE PBI opened at $10.58 on Friday. The company has a fifty day moving average price of $10.49 and a 200-day moving average price of $10.71. The firm has a market cap of $1.59 billion, a price-to-earnings ratio of 12.75, a PEG ratio of 0.75 and a beta of 1.42. Pitney Bowes Inc. has a 1 year low of $7.39 and a 1 year high of $13.11.

Pitney Bowes (NYSE:PBI) last released its quarterly earnings results on Tuesday, February 17th. The technology company reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.07. Pitney Bowes had a net margin of 7.65% and a negative return on equity of 36.91%. The company had revenue of $477.63 million for the quarter, compared to analyst estimates of $482.47 million. During the same period last year, the firm earned $0.32 earnings per share. The firm’s revenue was down 7.5% on a year-over-year basis. Pitney Bowes has set its FY 2026 guidance at 1.400-1.600 EPS. On average, research analysts anticipate that Pitney Bowes Inc. will post 1.21 EPS for the current fiscal year.

Pitney Bowes Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 30th. Shareholders of record on Friday, February 27th will be given a dividend of $0.09 per share. The ex-dividend date of this dividend is Friday, February 27th. This represents a $0.36 annualized dividend and a dividend yield of 3.4%. Pitney Bowes’s dividend payout ratio (DPR) is currently 43.37%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on PBI shares. Weiss Ratings reissued a “hold (c)” rating on shares of Pitney Bowes in a research report on Monday, December 29th. Zacks Research cut shares of Pitney Bowes from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 19th. Truist Financial assumed coverage on Pitney Bowes in a research note on Friday, December 12th. They set a “hold” rating and a $11.00 price target for the company. Citizens Jmp reissued a “market outperform” rating and set a $13.00 price objective on shares of Pitney Bowes in a report on Wednesday, February 18th. Finally, Citigroup assumed coverage on Pitney Bowes in a research note on Wednesday, December 3rd. They issued an “outperform” rating for the company. Two analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Pitney Bowes has an average rating of “Hold” and a consensus price target of $11.00.

Insider Activity at Pitney Bowes

In other news, CEO Kurt James Wolf sold 150,000 shares of the business’s stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $10.30, for a total value of $1,545,000.00. Following the transaction, the chief executive officer owned 571,137 shares in the company, valued at $5,882,711.10. The trade was a 20.80% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 9.00% of the stock is currently owned by corporate insiders.

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.