1,587,274 Shares in Pitney Bowes Inc. $PBI Bought by Hsbc Holdings PLC

Hsbc Holdings PLC purchased a new position in shares of Pitney Bowes Inc. (NYSE:PBI) during the 2nd quarter, Holdings Channel.com reports. The fund purchased 1,587,274 shares of the technology company’s stock, valued at approximately $27,762,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. EverSource Wealth Advisors LLC increased its stake 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 worth $38,000 after purchasing an additional 1,015 shares during the last quarter. Advisory Services Network LLC grew its holdings in Pitney Bowes by 2.4% during the third quarter. Advisory Services Network LLC now owns 52,975 shares of the technology company’s stock worth $604,000 after purchasing an additional 1,234 shares during the period. Baird Financial Group Inc. grew its holdings in Pitney Bowes by 12.5% during the second quarter. Baird Financial Group Inc. now owns 13,164 shares of the technology company’s stock worth $144,000 after purchasing an additional 1,459 shares during the period. HB Wealth Management LLC increased its position in Pitney Bowes by 3.0% during the first quarter. HB Wealth Management LLC now owns 62,446 shares of the technology company’s stock worth $690,000 after buying an additional 1,807 shares during the last quarter. Finally, Creative Planning increased its position in Pitney Bowes by 13.5% during the third quarter. Creative Planning now owns 18,402 shares of the technology company’s stock worth $210,000 after buying an additional 2,188 shares during the last quarter. Institutional investors own 67.88% of the company’s stock.

Analyst Ratings Changes

PBI has been the topic of several research analyst reports. Citigroup restated a “market outperform” rating on shares of Pitney Bowes in a research note on Friday, July 31st. Citizens Jmp lifted their target price on Pitney Bowes from $19.00 to $22.00 and gave the stock a “market outperform” rating in a research note on Friday, July 31st. Bank of America raised Pitney Bowes from an “underperform” rating to a “neutral” rating and boosted their target price for the stock from $9.50 to $16.50 in a report on Monday, May 11th. Truist Financial increased their price target on Pitney Bowes from $15.00 to $18.00 and gave the company a “hold” rating in a research note on Friday, July 31st. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and set a $17.30 price target on shares of Pitney Bowes in a report on Thursday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $18.45.

Insider Activity at Pitney Bowes

In other Pitney Bowes news, EVP Todd A. Everett sold 25,000 shares of the company’s stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $18.07, for a total value of $451,750.00. Following the transaction, the executive vice president directly owned 96,048 shares of the company’s stock, valued at $1,735,587.36. This represents a 20.65% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Kurt James Wolf sold 413,266 shares of the company’s stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $18.11, for a total value of $7,484,247.26. Following the completion of the transaction, the chief executive officer directly owned 122,963 shares in the company, valued at approximately $2,226,859.93. This represents a 77.07% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 2,417,150 shares of company stock valued at $42,333,327. 6.50% of the stock is currently owned by insiders.

Pitney Bowes Stock Performance

Shares of PBI opened at $17.27 on Friday. The firm has a market cap of $2.37 billion, a P/E ratio of 14.15, a price-to-earnings-growth ratio of 0.68 and a beta of 1.63. Pitney Bowes Inc. has a 52 week low of $8.95 and a 52 week high of $19.07. The firm’s 50-day simple moving average is $17.42 and its 200 day simple moving average is $14.66.

Pitney Bowes (NYSE:PBI) last issued its quarterly earnings data on Wednesday, July 29th. The technology company reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $451.50 million during the quarter, compared to the consensus estimate of $453.94 million. During the same period last year, the business posted $0.27 earnings per share. The business’s revenue for the quarter was down 2.4% compared to the same quarter last year. Pitney Bowes has set its FY 2026 guidance at 1.550-1.700 EPS. As a group, equities analysts forecast that Pitney Bowes Inc. will post 1.68 earnings per share 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 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 32.79%.

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.