Pitney Bowes Inc. $PBI Shares Purchased by Caxton Associates LLP

Caxton Associates LLP increased its holdings in Pitney Bowes Inc. (NYSE:PBI) by 58.7% in the 1st quarter, HoldingsChannel reports. The fund owned 281,222 shares of the technology company’s stock after purchasing an additional 104,004 shares during the quarter. Caxton Associates LLP’s holdings in Pitney Bowes were worth $3,108,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in PBI. EverSource Wealth Advisors LLC increased 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 last quarter. Advisory Services Network LLC lifted its position in Pitney Bowes by 2.4% in the third quarter. Advisory Services Network LLC now owns 52,975 shares of the technology company’s stock valued at $604,000 after buying an additional 1,234 shares during the last quarter. Baird Financial Group Inc. boosted its stake in Pitney Bowes by 12.5% during the second quarter. Baird Financial Group Inc. now owns 13,164 shares of the technology company’s stock worth $144,000 after buying an additional 1,459 shares during the period. HB Wealth Management LLC increased its position in shares of Pitney Bowes by 3.0% during the first quarter. HB Wealth Management LLC now owns 62,446 shares of the technology company’s stock valued at $690,000 after acquiring an additional 1,807 shares during the last quarter. Finally, Creative Planning increased its position in shares of Pitney Bowes by 13.5% during the third quarter. Creative Planning now owns 18,402 shares of the technology company’s stock valued at $210,000 after acquiring an additional 2,188 shares during the last quarter. Institutional investors and hedge funds own 67.88% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on PBI. Wall Street Zen upgraded shares of Pitney Bowes from a “buy” rating to a “strong-buy” rating in a report on Saturday, April 25th. Zacks Research downgraded shares of Pitney Bowes from a “strong-buy” rating to a “hold” rating in a report on Friday, July 10th. Weiss Ratings raised Pitney Bowes from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, May 8th. Citigroup restated a “market outperform” rating on shares of Pitney Bowes in a research note on Tuesday, June 16th. Finally, Bank of America upgraded Pitney Bowes from an “underperform” rating to a “neutral” rating and raised their price target for the stock from $9.50 to $16.50 in a research report on Monday, May 11th. Two analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $16.43.

Insider Activity

In other Pitney Bowes news, CEO Kurt James Wolf sold 316,280 shares of the company’s stock in a transaction that occurred on Tuesday, July 7th. The stock was sold at an average price of $17.10, for a total value of $5,408,388.00. Following the transaction, the chief executive officer directly owned 217,930 shares of the company’s stock, valued at $3,726,603. This represents a 59.21% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Deborah Pfeiffer sold 18,750 shares of the stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $16.06, for a total value of $301,125.00. Following the transaction, the executive vice president owned 97,828 shares of the company’s stock, valued at approximately $1,571,117.68. This trade represents a 16.08% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 3,349,130 shares of company stock valued at $53,285,535 over the last 90 days. 6.50% of the stock is currently owned by insiders.

Pitney Bowes Price Performance

Shares of NYSE PBI opened at $17.86 on Friday. The stock has a fifty day moving average price of $17.09 and a 200 day moving average price of $13.50. Pitney Bowes Inc. has a 1-year low of $8.95 and a 1-year high of $18.77. The company has a market cap of $2.42 billion, a PE ratio of 17.34, a P/E/G ratio of 0.80 and a beta of 1.62.

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

Pitney Bowes Cuts Dividend

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

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.