State of Wyoming Makes New $806,000 Investment in Pitney Bowes Inc. $PBI

State of Wyoming acquired a new stake in shares of Pitney Bowes Inc. (NYSE:PBI) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 46,007 shares of the technology company’s stock, valued at approximately $806,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Longview Financial Advisors Inc. purchased a new position in Pitney Bowes during the first quarter valued at $26,000. EverSource Wealth Advisors LLC boosted its holdings in shares of 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 buying an additional 1,015 shares in the last quarter. Hantz Financial Services Inc. boosted its holdings in shares of Pitney Bowes by 190.9% during 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 in the last quarter. UMB Bank n.a. grew its position in shares of Pitney Bowes by 404.6% in the 4th quarter. UMB Bank n.a. now owns 4,022 shares of the technology company’s stock worth $43,000 after buying an additional 3,225 shares during the period. Finally, Canada Pension Plan Investment Board purchased a new stake in shares of Pitney Bowes in the 2nd quarter worth about $51,000. Hedge funds and other institutional investors own 67.88% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on PBI. Bank of America upgraded shares of Pitney Bowes from an “underperform” rating to a “neutral” rating and upped their price objective for the stock from $9.50 to $16.50 in a report on Monday, May 11th. Zacks Research upgraded shares of Pitney Bowes from a “hold” rating to a “strong-buy” rating in a report on Monday, August 10th. Truist Financial boosted their price target on Pitney Bowes from $15.00 to $18.00 and gave the stock a “hold” rating in a research report on Friday, July 31st. Citigroup reissued a “market outperform” rating on shares of Pitney Bowes in a research report on Friday, July 31st. Finally, Wall Street Zen upgraded Pitney Bowes from a “buy” rating to a “strong-buy” rating in a research note on Saturday, April 25th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, Pitney Bowes currently has an average rating of “Moderate Buy” and a consensus price target of $18.45.

Insider Buying and Selling

In related news, EVP Todd A. Everett sold 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $18.07, for a total transaction of $451,750.00. Following the completion of the sale, the executive vice president owned 96,048 shares of the company’s stock, valued at $1,735,587.36. This trade represents a 20.65% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Kurt James Wolf sold 413,266 shares of the firm’s stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $18.11, for a total transaction of $7,484,247.26. Following the sale, the chief executive officer directly owned 122,963 shares of the company’s stock, valued at $2,226,859.93. This trade represents a 77.07% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 2,476,376 shares of company stock worth $43,266,688. Corporate insiders own 6.50% of the company’s stock.

Pitney Bowes Price Performance

PBI opened at $16.40 on Monday. The firm has a market cap of $2.25 billion, a PE ratio of 13.44, a P/E/G ratio of 0.66 and a beta of 1.63. The stock has a 50-day moving average price of $17.53 and a 200-day moving average price of $14.28. Pitney Bowes Inc. has a 1 year low of $8.95 and a 1 year high of $19.07.

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

Pitney Bowes Announces Dividend

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

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.