Hennessy Advisors Inc. Sells 53,000 Shares of Pitney Bowes Inc. $PBI

Hennessy Advisors Inc. cut its holdings in Pitney Bowes Inc. (NYSE:PBI) by 8.9% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 541,900 shares of the technology company’s stock after selling 53,000 shares during the period. Hennessy Advisors Inc.’s holdings in Pitney Bowes were worth $8,844,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in PBI. BlackRock Inc. purchased a new position in shares of Pitney Bowes in the 2nd quarter worth about $220,473,000. Bank of New York Mellon Corp acquired a new stake in shares of Pitney Bowes during the 2nd quarter valued at approximately $28,683,000. Hsbc Holdings PLC acquired a new position in shares of Pitney Bowes in the 2nd quarter valued at about $27,762,000. Dimensional Fund Advisors LP raised its position in shares of Pitney Bowes by 9.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,331,315 shares of the technology company’s stock worth $25,760,000 after purchasing an additional 193,145 shares during the period. Finally, Assenagon Asset Management S.A. raised its stake in Pitney Bowes by 3,481.5% during the 3rd quarter. Assenagon Asset Management S.A. now owns 1,309,845 shares of the technology company’s stock valued at $21,377,000 after acquiring an additional 1,273,272 shares in the last quarter. Institutional investors and hedge funds own 67.88% of the company’s stock.

Analyst Ratings Changes

PBI has been the subject of a number of research reports. Truist Financial raised their target price on shares of Pitney Bowes from $15.00 to $18.00 and gave the stock a “hold” rating in a report on Friday, July 31st. Weiss Ratings downgraded shares of Pitney Bowes from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, October 27th. Citigroup reaffirmed a “market outperform” rating on shares of Pitney Bowes in a research note on Friday, July 31st. The Goldman Sachs Group reissued a “neutral” rating and set a $17.30 target price on shares of Pitney Bowes in a research report on Thursday, July 30th. Finally, Wall Street Zen cut Pitney Bowes from a “strong-buy” rating to a “buy” rating in a research report on Sunday. Three investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $18.45.

Insider Buying and Selling at Pitney Bowes

In other Pitney Bowes news, EVP Deborah Pfeiffer sold 20,000 shares of the stock in a transaction dated Tuesday, September 8th. The shares were sold at an average price of $17.11, for a total value of $342,200.00. Following the transaction, the executive vice president directly owned 79,223 shares of the company’s stock, valued at $1,355,505.53. This represents a 20.16% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Todd A. Everett sold 10,000 shares of the business’s stock in a transaction on Thursday, September 10th. The shares were sold at an average price of $16.89, for a total value of $168,900.00. Following the completion of the sale, the executive vice president owned 86,048 shares of the company’s stock, valued at $1,453,350.72. This trade represents a 10.41% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 406,575 shares of company stock worth $6,882,279 over the last quarter. 6.50% of the stock is currently owned by insiders.

Pitney Bowes Price Performance

PBI opened at $16.31 on Monday. The firm has a 50 day simple moving average of $16.94 and a 200 day simple moving average of $14.81. Pitney Bowes Inc. has a fifty-two week low of $8.95 and a fifty-two week high of $19.07. The company has a market cap of $2.21 billion, a price-to-earnings ratio of 12.64, a price-to-earnings-growth ratio of 0.66 and a beta of 1.74.

Pitney Bowes (NYSE:PBI) last issued its quarterly earnings data on Wednesday, October 28th. The technology company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.06. Pitney Bowes had a net margin of 10.10% and a negative return on equity of 30.45%. The company had revenue of $456.18 million during the quarter, compared to the consensus estimate of $458.24 million. During the same quarter in the prior year, the firm earned $0.31 earnings per share. The firm’s revenue was down .8% compared to the same quarter last year. As a group, analysts expect that Pitney Bowes Inc. will post 1.67 EPS for the current year.

Pitney Bowes Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 8th. Shareholders of record on Monday, November 16th will be paid a $0.10 dividend. This is an increase from Pitney Bowes’s previous quarterly dividend of $0.01. This represents a $0.40 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date is Monday, November 16th. Pitney Bowes’s dividend payout ratio is 31.01%.

Key Pitney Bowes News

Here are the key news stories impacting Pitney Bowes this week:

• Positive Sentiment: Q3 earnings beat expectations. Pitney Bowes reported adjusted earnings of $0.42 per share, above the $0.36 consensus estimate and up from $0.31 a year earlier. Pitney Bowes Q3 Earnings and Revenues Top Estimates
• Positive Sentiment: Dividend increased sharply. The company declared a quarterly dividend of $0.10 per share, or $0.40 annualized, compared with the previous $0.01 quarterly payout. The dividend yield is approximately 2.4%, supporting the stock’s income appeal. Pitney Bowes Approves Quarterly Dividend
• Positive Sentiment: Revenue outlook was maintained or improved relative to expectations. FY 2026 revenue guidance of $1.8 billion to $1.9 billion has a midpoint above the current $1.8 billion consensus estimate, suggesting continued operating momentum despite business-mix challenges. Pitney Bowes Updates FY 2026 Guidance
• Neutral Sentiment: Sidoti raised its estimates for second-quarter and third-quarter FY 2027 EPS to $0.44 and $0.46, respectively, but the changes were mixed across the forecast period.
• Negative Sentiment: FY 2026 EPS guidance fell below expectations. Pitney Bowes now expects EPS of $1.58 to $1.67, versus the $1.68 consensus estimate. The midpoint of $1.625 implies modest downside to analyst expectations. Pitney Bowes Lifts Guidance
• Negative Sentiment: Analyst estimates were reduced. Sidoti cut its FY 2026 EPS forecast to $1.66 from $1.70 and lowered its Q4 2026 forecast to $0.34 from $0.44. Sidoti also reduced its Q4 2027 estimate to $0.42 from $0.49.
• Negative Sentiment: SendTech faces a projected revenue headwind. Management indicated that SendTech revenue could face a $60 million to $80 million headwind in 2027, raising concerns about near-term growth and profit momentum. Pitney Bowes Signals SendTech Revenue Headwind

Pitney Bowes Profile

Pitney Bowes Inc (NYSE:PBI) is a global technology and services company that helps businesses manage mailing, shipping and related communications. Its offerings include postage meters, mailing systems, shipping software, parcel management tools, address and data services, and equipment financing and support.

The company serves small businesses, large enterprises and government organizations through solutions designed to streamline the preparation, processing and delivery of physical mail and packages.