Quantbot Technologies LP Makes New Investment in Pitney Bowes Inc. $PBI

Quantbot Technologies LP acquired a new position in Pitney Bowes Inc. (NYSE:PBI) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 3,983 shares of the technology company’s stock, valued at approximately $36,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of Pitney Bowes by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 21,313,865 shares of the technology company’s stock worth $192,890,000 after purchasing an additional 151,353 shares during the period. Invesco Ltd. boosted its stake in shares of Pitney Bowes by 38.9% during the 1st quarter. Invesco Ltd. now owns 2,918,742 shares of the technology company’s stock worth $26,415,000 after purchasing an additional 817,953 shares during the period. Millennium Management LLC boosted its stake in shares of Pitney Bowes by 103.0% during the 4th quarter. Millennium Management LLC now owns 1,269,207 shares of the technology company’s stock worth $9,189,000 after purchasing an additional 644,002 shares during the period. Bank of America Corp DE boosted its stake in shares of Pitney Bowes by 43.0% during the 4th quarter. Bank of America Corp DE now owns 932,635 shares of the technology company’s stock worth $6,752,000 after purchasing an additional 280,402 shares during the period. Finally, Deutsche Bank AG boosted its stake in shares of Pitney Bowes by 493.1% during the 1st quarter. Deutsche Bank AG now owns 850,538 shares of the technology company’s stock worth $7,697,000 after purchasing an additional 707,133 shares during the period. 67.88% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, EVP Deborah Pfeiffer sold 35,000 shares of Pitney Bowes stock in a transaction dated Monday, July 14th. The shares were sold at an average price of $12.14, for a total transaction of $424,900.00. Following the completion of the sale, the executive vice president owned 115,405 shares in the company, valued at $1,401,016.70. This trade represents a 23.27% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 9.00% of the stock is owned by insiders.

Pitney Bowes Price Performance

Shares of PBI opened at $12.14 on Friday. Pitney Bowes Inc. has a 1-year low of $6.22 and a 1-year high of $13.11. The company has a 50-day moving average of $11.51 and a 200 day moving average of $10.18. The firm has a market capitalization of $2.09 billion, a price-to-earnings ratio of -20.23, a PEG ratio of 0.62 and a beta of 1.54.

Pitney Bowes (NYSE:PBI) last announced its quarterly earnings data on Wednesday, July 30th. The technology company reported $0.27 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.27. Pitney Bowes had a negative net margin of 5.60% and a negative return on equity of 38.01%. The company had revenue of $461.91 million during the quarter, compared to analyst estimates of $475.92 million. During the same quarter last year, the business posted $0.03 EPS. The firm’s revenue for the quarter was down 5.7% on a year-over-year basis. Pitney Bowes has set its FY 2025 guidance at 1.200-1.400 EPS. On average, equities analysts anticipate that Pitney Bowes Inc. will post 1.21 earnings per share for the current fiscal year.

Pitney Bowes announced that its board has approved a stock repurchase plan on Wednesday, July 30th that allows the company to repurchase $400.00 million in shares. This repurchase authorization allows the technology company to buy up to 18.9% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

Pitney Bowes Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 8th. Investors of record on Monday, August 11th will be issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date is Monday, August 11th. This is a positive change from Pitney Bowes’s previous quarterly dividend of $0.07. Pitney Bowes’s dividend payout ratio (DPR) is -53.33%.

Analyst Ratings Changes

PBI has been the subject of a number of recent analyst reports. Sidoti raised shares of Pitney Bowes to a “hold” rating in a research note on Monday, May 5th. Wall Street Zen cut shares of Pitney Bowes from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 22nd. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

Pitney Bowes Company Profile

Pitney Bowes Inc, a shipping and mailing company, provides technology, logistics, and financial services to small and medium-sized businesses, large enterprises, retailers, and government clients in the United States and internationally. It operates through Global Ecommerce, Presort Services, and SendTech Solutions segments.