Universal Beteiligungs und Servicegesellschaft mbH Increases Holdings in Pitney Bowes Inc. $PBI

Universal Beteiligungs und Servicegesellschaft mbH increased its position in shares of Pitney Bowes Inc. (NYSE:PBI) by 1,871.3% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 268,707 shares of the technology company’s stock after purchasing an additional 255,076 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned 0.16% of Pitney Bowes worth $3,066,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. EverSource Wealth Advisors LLC lifted its stake in Pitney Bowes by 41.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,472 shares of the technology company’s stock valued at $38,000 after acquiring an additional 1,015 shares during the period. Elevation Point Wealth Partners LLC purchased a new position in shares of Pitney Bowes during the second quarter worth $51,000. Canada Pension Plan Investment Board acquired a new position in Pitney Bowes during the second quarter valued at $51,000. United Services Automobile Association acquired a new position in Pitney Bowes during the first quarter valued at $96,000. Finally, Truist Financial Corp purchased a new stake in Pitney Bowes in the second quarter valued at $123,000. Institutional investors and hedge funds own 67.88% of the company’s stock.

Wall Street Analysts Forecast Growth

PBI has been the subject of several analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of Pitney Bowes in a report on Monday, December 29th. 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 price target for the company. Zacks Research upgraded Pitney Bowes from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 29th. Citigroup started coverage on shares of Pitney Bowes in a research note on Wednesday, December 3rd. They set an “outperform” rating on the stock. Finally, The Goldman Sachs Group assumed coverage on shares of Pitney Bowes in a research note on Monday, November 3rd. They issued a “neutral” rating and a $11.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $12.00.

Pitney Bowes Stock Performance

Shares of NYSE PBI opened at $10.13 on Thursday. The firm has a fifty day moving average of $10.24 and a 200 day moving average of $10.91. The firm has a market cap of $1.63 billion, a PE ratio of 22.50, a PEG ratio of 0.48 and a beta of 1.30. Pitney Bowes Inc. has a one year low of $7.39 and a one year high of $13.11.

Pitney Bowes (NYSE:PBI) last announced its earnings results on Wednesday, October 29th. The technology company reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.01). The firm had revenue of $459.68 million for the quarter, compared to analyst estimates of $467.45 million. Pitney Bowes had a net margin of 4.14% and a negative return on equity of 38.38%. Pitney Bowes’s revenue was down 8.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.21 EPS. On average, equities analysts predict that Pitney Bowes Inc. will post 1.21 EPS for the current fiscal year.

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.