Jefferies Financial Group Inc. Acquires New Stake in Pitney Bowes Inc. $PBI

Jefferies Financial Group Inc. bought a new position in Pitney Bowes Inc. (NYSE:PBI) during the second quarter, HoldingsChannel.com reports. The fund bought 42,800 shares of the technology company’s stock, valued at approximately $750,000.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Royal Bank of Canada boosted its stake in shares of Pitney Bowes by 133.1% during the first quarter. Royal Bank of Canada now owns 52,958 shares of the technology company’s stock valued at $478,000 after purchasing an additional 30,238 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Pitney Bowes by 5.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 97,424 shares of the technology company’s stock worth $882,000 after buying an additional 5,149 shares during the period. United Services Automobile Association bought a new stake in Pitney Bowes during the 1st quarter valued at about $96,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Pitney Bowes by 18.2% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 470,488 shares of the technology company’s stock valued at $4,258,000 after buying an additional 72,437 shares in the last quarter. Finally, Intech Investment Management LLC boosted its position in Pitney Bowes by 15.5% in the 1st quarter. Intech Investment Management LLC now owns 195,309 shares of the technology company’s stock valued at $1,768,000 after buying an additional 26,260 shares during the period. 67.88% of the stock is currently owned by institutional investors.

Pitney Bowes Price Performance

NYSE:PBI opened at $17.23 on Monday. Pitney Bowes Inc. has a 1-year low of $8.95 and a 1-year high of $19.07. The company has a 50-day moving average of $17.41 and a 200 day moving average of $14.71. The firm has a market cap of $2.36 billion, a PE ratio of 14.12, a price-to-earnings-growth ratio of 0.69 and a beta of 1.63.

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

Pitney Bowes Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 8th. Stockholders of record on Monday, August 10th will be paid a dividend of $0.01 per share. The ex-dividend date is Monday, August 10th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.2%. Pitney Bowes’s dividend payout ratio (DPR) is currently 32.79%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on PBI shares. The Goldman Sachs Group restated a “neutral” rating and issued a $17.30 target price on shares of Pitney Bowes in a research note on Thursday, July 30th. Truist Financial boosted their price target on Pitney Bowes from $15.00 to $18.00 and gave the company a “hold” rating in a report on Friday, July 31st. Zacks Research raised Pitney Bowes from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 10th. Bank of America upgraded Pitney Bowes from an “underperform” rating to a “neutral” rating and raised their price objective for the stock from $9.50 to $16.50 in a report on Monday, May 11th. Finally, Weiss Ratings raised Pitney Bowes from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $18.45.

Insider Activity at Pitney Bowes

In other Pitney Bowes news, CEO Kurt James Wolf sold 430,443 shares of the company’s stock in a transaction on Thursday, July 30th. The stock was 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 owned 179,190 shares in the company, valued at $3,266,633.70. This represents a 70.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Todd A. Everett sold 25,000 shares of the stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $18.07, for a total value of $451,750.00. Following the sale, the executive vice president directly owned 96,048 shares in the company, valued at $1,735,587.36. This trade represents a 20.65% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 2,417,150 shares of company stock worth $42,333,327. 6.50% of the stock is currently owned by corporate insiders.

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.