UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Increases Stock Position in Pitney Bowes Inc. $PBI

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Pitney Bowes Inc. (NYSE:PBI) by 20.3% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 468,595 shares of the technology company’s stock after acquiring an additional 79,226 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.34% of Pitney Bowes worth $8,210,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Hsbc Holdings PLC raised its stake in shares of Pitney Bowes by 824.5% during the second quarter. Hsbc Holdings PLC now owns 1,587,274 shares of the technology company’s stock valued at $27,762,000 after acquiring an additional 1,415,590 shares during the last quarter. Archer Investment Corp bought a new stake in shares of Pitney Bowes in the second quarter worth about $90,000. Jefferies Financial Group Inc. purchased a new position in Pitney Bowes during the 2nd quarter valued at about $750,000. Public Employees Retirement System of Ohio purchased a new position in Pitney Bowes during the 2nd quarter valued at about $46,000. Finally, Corient Private Wealth LP bought a new position in Pitney Bowes during the 2nd quarter valued at approximately $294,000. Institutional investors own 67.88% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Kurt Wolf sold 430,443 shares of the business’s stock in a transaction on Thursday, July 30th. The shares were sold at an average price of $18.23, for a total transaction of $7,846,975.89. Following the sale, the chief executive officer owned 179,190 shares in the company, valued at approximately $3,266,633.70. The trade was a 70.61% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Todd A. Everett sold 25,000 shares of the company’s stock in a transaction dated Wednesday, August 5th. The stock was 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 directly owned 96,048 shares in the company, valued at $1,735,587.36. This represents a 20.65% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 2,419,467 shares of company stock valued at $42,373,690. 6.50% of the stock is owned by corporate insiders.

Pitney Bowes Stock Performance

Pitney Bowes stock opened at $17.32 on Tuesday. The stock’s 50 day simple moving average is $17.40 and its two-hundred day simple moving average is $15.00. The stock has a market cap of $2.37 billion, a price-to-earnings ratio of 14.20, a PEG ratio of 0.70 and a beta of 1.64. Pitney Bowes Inc. has a fifty-two week low of $8.95 and a fifty-two week high of $19.07.

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

Pitney Bowes Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research firms have weighed in on PBI. Citigroup reiterated a “market outperform” rating on shares of Pitney Bowes in a report 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 note on Thursday, July 30th. Zacks Research upgraded Pitney Bowes from a “hold” rating to a “strong-buy” rating in a report on Monday, August 10th. Truist Financial raised their price target on Pitney Bowes from $15.00 to $18.00 and gave the stock a “hold” rating in a research note on Friday, July 31st. Finally, Bank of America upgraded shares of Pitney Bowes from an “underperform” rating to a “neutral” rating and lifted their price target for the company from $9.50 to $16.50 in a report on Monday, May 11th. One 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 currently has a consensus rating of “Moderate Buy” and an average price target of $18.45.

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.