Triasima Portfolio Management inc. Boosts Stock Position in Pitney Bowes Inc. $PBI

Triasima Portfolio Management inc. increased its position in Pitney Bowes Inc. (NYSE:PBI) by 300.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 194,340 shares of the technology company’s stock after buying an additional 145,795 shares during the period. Triasima Portfolio Management inc.’s holdings in Pitney Bowes were worth $2,217,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of PBI. EverSource Wealth Advisors LLC grew 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 valued at $38,000 after buying an additional 1,015 shares during the period. Elevation Point Wealth Partners LLC acquired a new position in shares of Pitney Bowes in the 2nd quarter valued at approximately $51,000. Canada Pension Plan Investment Board bought a new stake in shares of Pitney Bowes in the 2nd quarter worth about $51,000. United Services Automobile Association bought a new stake in Pitney Bowes in the first quarter valued at about $96,000. Finally, Truist Financial Corp acquired a new position in Pitney Bowes in the second quarter worth $123,000. Institutional investors and hedge funds own 67.88% of the company’s stock.

Pitney Bowes Stock Performance

Shares of PBI stock opened at $10.28 on Tuesday. Pitney Bowes Inc. has a 52-week low of $7.30 and a 52-week high of $13.11. The firm has a fifty day moving average of $10.11 and a 200-day moving average of $10.95. The stock has a market cap of $1.65 billion, a price-to-earnings ratio of 22.93, a P/E/G ratio of 0.49 and a beta of 1.30.

Pitney Bowes (NYSE:PBI) last announced its quarterly earnings results on Wednesday, October 29th. The technology company reported $0.31 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.01). The company had revenue of $459.68 million during the quarter, compared to the consensus estimate of $467.45 million. Pitney Bowes had a net margin of 4.14% and a negative return on equity of 38.38%. The business’s revenue was down 8.0% on a year-over-year basis. During the same quarter last year, the company earned $0.21 earnings per share. Pitney Bowes has set its FY 2025 guidance at 1.300-1.300 EPS. On average, sell-side analysts predict that Pitney Bowes Inc. will post 1.21 earnings per share for the current year.

Pitney Bowes Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 8th. Shareholders of record on Monday, November 10th were given a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 3.5%. The ex-dividend date was Monday, November 10th. This is a positive change from Pitney Bowes’s previous quarterly dividend of $0.08. Pitney Bowes’s dividend payout ratio is presently 80.00%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Zacks Research raised Pitney Bowes from a “hold” rating to a “strong-buy” rating in a report on Monday, December 29th. The Goldman Sachs Group initiated coverage on Pitney Bowes in a report on Monday, November 3rd. They set a “neutral” rating and a $11.00 target price on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Pitney Bowes in a research note on Monday, December 29th. Truist Financial initiated coverage on Pitney Bowes in a research report on Friday, December 12th. They set a “hold” rating and a $11.00 price objective for the company. Finally, Citigroup began coverage on shares of Pitney Bowes in a research note on Wednesday, December 3rd. They issued an “outperform” rating for the company. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, Pitney Bowes has a consensus rating of “Moderate Buy” and an average price target of $12.00.

About Pitney Bowes

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.