Jupiter Asset Management Ltd. Makes New Investment in Pitney Bowes Inc. $PBI

Jupiter Asset Management Ltd. acquired a new stake in Pitney Bowes Inc. (NYSE:PBI) in the 4th quarter, HoldingsChannel reports. The fund acquired 150,674 shares of the technology company’s stock, valued at approximately $1,593,000.

Several other large investors also recently made changes to their positions in the stock. Hantz Financial Services Inc. boosted its holdings in shares of Pitney Bowes by 190.9% in the 4th quarter. Hantz Financial Services Inc. now owns 3,747 shares of the technology company’s stock valued at $40,000 after buying an additional 2,459 shares during the last quarter. Catalyst Funds Management Pty Ltd acquired a new stake in shares of Pitney Bowes in the 4th quarter valued at approximately $133,000. Mizuho Markets Americas LLC boosted its holdings in shares of Pitney Bowes by 1.4% in the 4th quarter. Mizuho Markets Americas LLC now owns 682,808 shares of the technology company’s stock valued at $7,217,000 after buying an additional 9,420 shares during the last quarter. LSV Asset Management boosted its holdings in shares of Pitney Bowes by 246.7% in the 4th quarter. LSV Asset Management now owns 4,197,189 shares of the technology company’s stock valued at $44,364,000 after buying an additional 2,986,689 shares during the last quarter. Finally, FourThought Financial Partners LLC acquired a new stake in shares of Pitney Bowes in the 4th quarter valued at approximately $157,000. Institutional investors and hedge funds own 67.88% of the company’s stock.

Pitney Bowes Price Performance

Shares of Pitney Bowes stock opened at $16.10 on Friday. The business has a fifty day simple moving average of $13.57 and a two-hundred day simple moving average of $11.42. Pitney Bowes Inc. has a 1 year low of $8.95 and a 1 year high of $16.56. The company has a market capitalization of $2.18 billion, a price-to-earnings ratio of 15.63, a P/E/G ratio of 0.72 and a beta of 1.64.

Pitney Bowes (NYSE:PBI) last announced its quarterly earnings results on Tuesday, May 5th. The technology company reported $0.47 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.47. Pitney Bowes had a negative return on equity of 33.41% and a net margin of 8.92%.The business had revenue of $477.41 million during the quarter, compared to the consensus estimate of $471.83 million. During the same quarter last year, the firm posted $0.33 EPS. The company’s quarterly revenue was down 3.2% on a year-over-year basis. As a group, equities analysts anticipate that Pitney Bowes Inc. will post 1.62 earnings per share for the current fiscal year.

Pitney Bowes Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 5th. Shareholders of record on Monday, May 18th will be issued a dividend of $0.01 per share. The ex-dividend date of this dividend is Monday, May 18th. This represents a $0.04 annualized dividend and a yield of 0.2%. Pitney Bowes’s dividend payout ratio (DPR) is currently 38.83%.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Zacks Research raised Pitney Bowes from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 7th. Weiss Ratings raised Pitney Bowes from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, May 8th. Citigroup reissued an “outperform” rating on shares of Pitney Bowes in a report on Friday, April 17th. The Goldman Sachs Group set a $15.20 price objective on Pitney Bowes in a report on Friday, May 8th. Finally, Bank of America raised Pitney Bowes from an “underperform” rating to a “neutral” rating and increased their price objective for the company from $9.50 to $16.50 in a report on Monday, May 11th. One 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 MarketBeat, Pitney Bowes currently has a consensus rating of “Moderate Buy” and an average target price of $15.18.

Insider Buying and Selling at Pitney Bowes

In other Pitney Bowes news, CEO Kurt James Wolf sold 40,476 shares of the firm’s stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $15.62, for a total transaction of $632,235.12. Following the completion of the sale, the chief executive officer owned 360,210 shares of the company’s stock, valued at $5,626,480.20. This trade represents a 10.10% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Brent D. Rosenthal purchased 4,000 shares of the business’s stock in a transaction on Friday, March 13th. The shares were acquired at an average cost of $10.22 per share, with a total value of $40,880.00. Following the acquisition, the director directly owned 9,000 shares in the company, valued at approximately $91,980. The trade was a 80.00% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have sold a total of 2,346,530 shares of company stock valued at $33,951,416 in the last ninety days. Insiders own 6.50% of the company’s stock.

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.