Triasima Portfolio Management inc. Raises Holdings in Pitney Bowes Inc. $PBI

Triasima Portfolio Management inc. lifted its position in Pitney Bowes Inc. (NYSE:PBI) by 300.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 194,340 shares of the technology company’s stock after acquiring an additional 145,795 shares during the period. Triasima Portfolio Management inc. owned 0.11% of Pitney Bowes worth $2,217,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of PBI. Hennessy Advisors Inc. acquired a new stake in shares of Pitney Bowes during the 2nd quarter valued at about $12,660,000. Mizuho Markets Americas LLC purchased a new stake in Pitney Bowes in the third quarter valued at $7,683,000. Brandywine Global Investment Management LLC purchased a new position in shares of Pitney Bowes during the 2nd quarter worth approximately $5,889,000. Permit Capital LLC increased its stake in Pitney Bowes by 18.8% during the 2nd quarter. Permit Capital LLC now owns 2,850,000 shares of the technology company’s stock worth $31,094,000 after buying an additional 450,000 shares during the period. Finally, Norges Bank purchased a new position in shares of Pitney Bowes in the 2nd quarter valued at about $3,611,000. 67.88% of the stock is currently owned by hedge funds and other institutional investors.

Pitney Bowes Trading Down 2.2%

Shares of PBI stock opened at $10.28 on Tuesday. Pitney Bowes Inc. has a twelve month low of $7.30 and a twelve month high of $13.11. The company has a market capitalization of $1.65 billion, a P/E ratio of 22.93, a price-to-earnings-growth ratio of 0.49 and a beta of 1.30. The business’s 50 day moving average is $10.11 and its two-hundred day moving average is $10.95.

Pitney Bowes (NYSE:PBI) last issued its earnings results on Wednesday, October 29th. The technology company reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.01). The firm had revenue of $459.68 million during the quarter, compared to analysts’ expectations of $467.45 million. Pitney Bowes had a net margin of 4.14% and a negative return on equity of 38.38%. The firm’s revenue was down 8.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.21 EPS. Pitney Bowes has set its FY 2025 guidance at 1.300-1.300 EPS. As a group, equities analysts predict that Pitney Bowes Inc. will post 1.21 earnings per share for the current fiscal year.

Pitney Bowes Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 8th. Stockholders of record on Monday, November 10th were paid a dividend of $0.09 per share. This is a positive change from Pitney Bowes’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend was Monday, November 10th. This represents a $0.36 annualized dividend and a dividend yield of 3.5%. Pitney Bowes’s dividend payout ratio is presently 80.00%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Citigroup assumed coverage on Pitney Bowes in a report on Wednesday, December 3rd. They set an “outperform” rating for the company. Citizens Jmp started coverage on Pitney Bowes in a research report on Wednesday, December 3rd. They set a “market outperform” rating and a $13.00 target price on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Pitney Bowes in a report on Monday, December 29th. Zacks Research upgraded shares of Pitney Bowes from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 29th. Finally, Truist Financial began coverage on shares of Pitney Bowes in a research report on Friday, December 12th. They set a “hold” rating and a $11.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $12.00.

Pitney Bowes 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.