Pitney Bowes Inc. $PBI Stake Boosted by Cannell & Spears LLC

Cannell & Spears LLC lifted its stake in Pitney Bowes Inc. (NYSE:PBI) by 89.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,364,466 shares of the technology company’s stock after acquiring an additional 1,588,579 shares during the quarter. Cannell & Spears LLC’s holdings in Pitney Bowes were worth $38,389,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of PBI. EverSource Wealth Advisors LLC boosted its position in Pitney Bowes by 41.3% during the second 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 during the last quarter. Elevation Point Wealth Partners LLC acquired a new position in Pitney Bowes in the 2nd quarter worth about $51,000. Canada Pension Plan Investment Board purchased a new stake in shares of Pitney Bowes during the 2nd quarter worth about $51,000. United Services Automobile Association purchased a new stake in shares of Pitney Bowes during the 1st quarter worth about $96,000. Finally, PFG Investments LLC acquired a new stake in shares of Pitney Bowes during the 3rd quarter valued at about $127,000. 67.88% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Truist Financial assumed coverage on Pitney Bowes in a report on Friday, December 12th. They issued a “hold” rating and a $11.00 price objective on the stock. Bank of America started coverage on shares of Pitney Bowes in a research note on Tuesday, February 17th. They issued an “underperform” rating and a $9.00 target price for the company. Citizens Jmp reissued a “market outperform” rating and issued a $13.00 target price on shares of Pitney Bowes in a research report on Wednesday, February 18th. Weiss Ratings restated a “hold (c)” rating on shares of Pitney Bowes in a research note on Monday, December 29th. Finally, Zacks Research downgraded shares of Pitney Bowes from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 19th. Two research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $11.00.

Insiders Place Their Bets

In other Pitney Bowes news, CEO Kurt James Wolf sold 150,000 shares of the business’s stock in a transaction on Wednesday, March 11th. The shares were sold at an average price of $10.38, for a total value of $1,557,000.00. Following the sale, the chief executive officer owned 557,637 shares of the company’s stock, valued at $5,788,272.06. The trade was a 21.20% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 9.00% of the stock is owned by corporate insiders.

Pitney Bowes Stock Up 0.1%

Pitney Bowes stock opened at $10.16 on Friday. The business has a 50 day moving average price of $10.48 and a two-hundred day moving average price of $10.65. The stock has a market cap of $1.52 billion, a price-to-earnings ratio of 12.23, a price-to-earnings-growth ratio of 0.70 and a beta of 1.42. Pitney Bowes Inc. has a 12 month low of $7.39 and a 12 month high of $13.11.

Pitney Bowes (NYSE:PBI) last announced its quarterly earnings data on Tuesday, February 17th. The technology company reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.07. Pitney Bowes had a negative return on equity of 36.91% and a net margin of 7.65%.The company had revenue of $477.63 million during the quarter, compared to the consensus estimate of $482.47 million. During the same quarter last year, the company earned $0.32 EPS. The company’s quarterly 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, analysts expect that Pitney Bowes Inc. will post 1.21 earnings per share for the current fiscal year.

Pitney Bowes Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 30th. Investors of record on Friday, February 27th will be given a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend is Friday, February 27th. Pitney Bowes’s dividend payout ratio (DPR) 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.