WINTON GROUP Ltd Reduces Stock Position in Pitney Bowes Inc. $PBI

WINTON GROUP Ltd lessened its stake in Pitney Bowes Inc. (NYSE:PBI) by 63.9% in the 2nd quarter, Holdings Channel.com reports. The firm owned 26,201 shares of the technology company’s stock after selling 46,316 shares during the period. WINTON GROUP Ltd’s holdings in Pitney Bowes were worth $459,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new stake in Pitney Bowes in the 2nd quarter valued at $220,473,000. LSV Asset Management boosted its position in shares of Pitney Bowes by 246.7% during the 4th quarter. LSV Asset Management now owns 4,197,189 shares of the technology company’s stock valued at $44,364,000 after acquiring an additional 2,986,689 shares during the last quarter. Permit Capital LLC boosted its position in shares of Pitney Bowes by 14.0% during the 4th quarter. Permit Capital LLC now owns 3,250,000 shares of the technology company’s stock valued at $34,352,000 after acquiring an additional 400,000 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Pitney Bowes by 9.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,331,315 shares of the technology company’s stock valued at $25,760,000 after acquiring an additional 193,145 shares during the last quarter. Finally, Bank of New York Mellon Corp purchased a new stake in shares of Pitney Bowes in the second quarter valued at about $28,683,000. Institutional investors and hedge funds own 67.88% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on PBI shares. Zacks Research upgraded shares of Pitney Bowes from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 10th. Truist Financial boosted their target price on shares of Pitney Bowes from $15.00 to $18.00 and gave the company a “hold” rating in a report on Friday, July 31st. The Goldman Sachs Group reissued a “neutral” rating and issued a $17.30 price target on shares of Pitney Bowes in a research note on Thursday, July 30th. Citizens Jmp raised their price target 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. Finally, Weiss Ratings raised shares of Pitney Bowes from a “hold (c+)” rating to a “buy (b-)” rating in a research 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 stock. Based on data from MarketBeat.com, Pitney Bowes presently has an average rating of “Moderate Buy” and a consensus price target of $18.45.

Insider Buying and Selling

In other Pitney Bowes news, CEO Kurt Wolf sold 1,920 shares of the stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $17.42, for a total value of $33,446.40. Following the sale, the chief executive officer owned 122,790 shares of the company’s stock, valued at $2,139,001.80. This trade represents a 1.54% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Todd A. Everett sold 10,000 shares of Pitney Bowes stock in a transaction that occurred on Thursday, September 10th. The stock was sold at an average price of $16.89, for a total transaction of $168,900.00. Following the completion of the transaction, the executive vice president owned 86,048 shares of the company’s stock, valued at $1,453,350.72. This represents a 10.41% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 1,634,650 shares of company stock valued at $28,919,230 in the last ninety days. Company insiders own 6.50% of the company’s stock.

Pitney Bowes Trading Down 0.3%

Shares of PBI opened at $17.29 on Wednesday. The firm has a market cap of $2.37 billion, a P/E ratio of 14.17, a price-to-earnings-growth ratio of 0.69 and a beta of 1.64. Pitney Bowes Inc. has a 12-month low of $8.95 and a 12-month high of $19.07. The company’s 50-day moving average price is $17.40 and its 200 day moving average price is $15.28.

Pitney Bowes (NYSE:PBI) last posted its earnings results on Wednesday, July 29th. The technology company reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.09. The company had revenue of $451.50 million for the quarter, compared to analysts’ expectations 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 for the quarter was down 2.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.27 earnings per share. Pitney Bowes has set its FY 2026 guidance at 1.550-1.700 EPS. Equities research analysts forecast that Pitney Bowes Inc. will post 1.68 earnings per share for the current year.

Pitney Bowes Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 8th. Shareholders of record on Monday, August 10th were paid a dividend of $0.01 per share. The ex-dividend date was Monday, August 10th. This represents a $0.04 dividend on an annualized basis and a yield of 0.2%. Pitney Bowes’s dividend payout ratio is 32.79%.

Pitney Bowes Company Profile

Pitney Bowes Inc (NYSE:PBI) is a global technology, shipping and mailing company that provides solutions for businesses managing physical and digital communications, parcels and mail. Its offerings include mailing and shipping equipment, software, supplies, services and financing options designed to help organizations process, track and deliver items.

The company operates through businesses focused on shipping and mailing technology and presort services. Its products and services include postage meters and other mailroom equipment, cloud-based shipping and mailing software, parcel management tools, address and data services, and outsourced mail processing.