The Manufacturers Life Insurance Company Buys New Shares in Pitney Bowes Inc. $PBI

The Manufacturers Life Insurance Company purchased a new position in shares of Pitney Bowes Inc. (NYSE:PBI) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 73,778 shares of the technology company’s stock, valued at approximately $1,293,000.

A number of other hedge funds also recently made changes to their positions in the stock. Longview Financial Advisors Inc. purchased a new stake in shares of Pitney Bowes during the 1st quarter valued at $26,000. EverSource Wealth Advisors LLC raised its position in shares of Pitney Bowes by 41.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,472 shares of the technology company’s stock worth $38,000 after buying an additional 1,015 shares during the period. Hantz Financial Services Inc. boosted its holdings in Pitney Bowes by 190.9% in the fourth quarter. Hantz Financial Services Inc. now owns 3,747 shares of the technology company’s stock valued at $40,000 after acquiring an additional 2,459 shares during the last quarter. UMB Bank n.a. boosted its holdings in Pitney Bowes by 404.6% in the fourth quarter. UMB Bank n.a. now owns 4,022 shares of the technology company’s stock valued at $43,000 after acquiring an additional 3,225 shares during the last quarter. Finally, Canada Pension Plan Investment Board purchased a new stake in Pitney Bowes during the second quarter valued at about $51,000. Institutional investors and hedge funds own 67.88% of the company’s stock.

Wall Street Analyst Weigh In

PBI has been the subject of several research analyst reports. Zacks Research upgraded Pitney Bowes from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 10th. Citigroup reiterated a “market outperform” rating on shares of Pitney Bowes in a report on Friday, July 31st. Truist Financial increased their target price on shares of Pitney Bowes from $15.00 to $18.00 and gave the stock a “hold” rating in a research 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 target for the company from $9.50 to $16.50 in a report on Monday, May 11th. Finally, Citizens Jmp lifted their price target on shares of Pitney Bowes from $19.00 to $22.00 and gave the company a “market outperform” rating in a research report on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $18.45.

Insider Activity at Pitney Bowes

In other Pitney Bowes news, EVP Todd Everett sold 25,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $18.07, for a total value of $451,750.00. Following the completion of the transaction, the executive vice president owned 96,048 shares in the company, valued at $1,735,587.36. This represents a 20.65% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Kurt Wolf sold 430,443 shares of the stock in a transaction that occurred on Thursday, July 30th. The shares were sold at an average price of $18.23, for a total transaction of $7,846,975.89. Following the completion of the sale, the chief executive officer directly owned 179,190 shares of the company’s stock, valued at $3,266,633.70. This trade represents a 70.61% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 2,419,467 shares of company stock worth $42,373,690 over the last three months. 6.50% of the stock is currently owned by corporate insiders.

Pitney Bowes Price Performance

NYSE:PBI opened at $17.32 on Friday. The business’s 50-day moving average is $17.41 and its two-hundred day moving average is $14.92. Pitney Bowes Inc. has a 12 month low of $8.95 and a 12 month high of $19.07. The firm has a market capitalization of $2.37 billion, a PE ratio of 14.20, a price-to-earnings-growth ratio of 0.70 and a beta of 1.64.

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

Pitney Bowes Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 8th. Investors of record on Monday, August 10th will be given a dividend of $0.01 per share. The ex-dividend date of this dividend is Monday, August 10th. This represents a $0.04 annualized dividend and a yield of 0.2%. Pitney Bowes’s payout ratio is 32.79%.

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.