Neo Ivy Capital Management Invests $3.96 Million in Pitney Bowes Inc. $PBI

Neo Ivy Capital Management acquired a new position in Pitney Bowes Inc. (NYSE:PBI) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 347,218 shares of the technology company’s stock, valued at approximately $3,962,000. Pitney Bowes accounts for about 1.0% of Neo Ivy Capital Management’s portfolio, making the stock its 9th biggest position. Neo Ivy Capital Management owned about 0.22% of Pitney Bowes at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in PBI. LSV Asset Management bought a new position in Pitney Bowes during the 3rd quarter worth approximately $13,812,000. Cibc World Market Inc. boosted its stake in shares of Pitney Bowes by 2,724.6% in the 3rd quarter. Cibc World Market Inc. now owns 836,071 shares of the technology company’s stock valued at $9,540,000 after purchasing an additional 806,471 shares during the last quarter. Mizuho Markets Americas LLC bought a new stake in shares of Pitney Bowes in the 3rd quarter valued at $7,683,000. Evergreen Wealth Management LLC acquired a new stake in shares of Pitney Bowes during the third quarter worth $6,691,000. Finally, Brandywine Global Investment Management LLC acquired a new stake in shares of Pitney Bowes during the second quarter worth $5,889,000. 67.88% of the stock is currently owned by institutional investors.

Pitney Bowes Stock Down 2.8%

Shares of NYSE PBI opened at $10.58 on Friday. The firm has a market cap of $1.59 billion, a PE ratio of 12.75, a P/E/G ratio of 0.75 and a beta of 1.42. Pitney Bowes Inc. has a 12-month low of $7.39 and a 12-month high of $13.11. The company’s fifty day simple moving average is $10.49 and its 200 day simple moving average is $10.71.

Pitney Bowes (NYSE:PBI) last posted its quarterly earnings results on Tuesday, February 17th. The technology company reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.07. Pitney Bowes had a net margin of 7.65% and a negative return on equity of 36.91%. The business had revenue of $477.63 million during the quarter, compared to analysts’ expectations of $482.47 million. During the same period last year, the company posted $0.32 earnings per share. The business’s quarterly revenue was down 7.5% on a year-over-year basis. Pitney Bowes has set its FY 2026 guidance at 1.400-1.600 EPS. On average, equities analysts predict that Pitney Bowes Inc. will post 1.21 earnings per share for the current year.

Pitney Bowes Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 30th. Stockholders of record on Friday, February 27th will be paid a $0.09 dividend. The ex-dividend date is Friday, February 27th. This represents a $0.36 annualized dividend and a dividend yield of 3.4%. Pitney Bowes’s dividend payout ratio (DPR) is currently 43.37%.

Insider Buying and Selling

In related news, CEO Kurt James Wolf sold 150,000 shares of the company’s stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $10.30, for a total transaction of $1,545,000.00. Following the transaction, the chief executive officer directly owned 571,137 shares of the company’s stock, valued at approximately $5,882,711.10. This represents a 20.80% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 9.00% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on PBI. Citizens Jmp restated a “market outperform” rating and issued a $13.00 target price on shares of Pitney Bowes in a report on Wednesday, February 18th. Citigroup initiated coverage on Pitney Bowes in a report on Wednesday, December 3rd. They set an “outperform” rating for the company. Weiss Ratings reissued a “hold (c)” rating on shares of Pitney Bowes in a research report on Monday, December 29th. Zacks Research downgraded Pitney Bowes from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 19th. Finally, Truist Financial started coverage on Pitney Bowes in a research report on Friday, December 12th. They set a “hold” rating and a $11.00 target price on the stock. Two equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $11.00.

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.