149,840 Shares in Pitney Bowes Inc. $PBI Bought by Denali Advisors LLC

Denali Advisors LLC purchased a new position in Pitney Bowes Inc. (NYSE:PBI) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 149,840 shares of the technology company’s stock, valued at approximately $1,710,000. Denali Advisors LLC owned about 0.09% of Pitney Bowes as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of PBI. Royal Bank of Canada increased its holdings in shares of Pitney Bowes by 133.1% in the first quarter. Royal Bank of Canada now owns 52,958 shares of the technology company’s stock worth $478,000 after buying an additional 30,238 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Pitney Bowes by 5.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 97,424 shares of the technology company’s stock worth $882,000 after acquiring an additional 5,149 shares during the last quarter. United Services Automobile Association purchased a new position in Pitney Bowes in the 1st quarter worth approximately $96,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Pitney Bowes by 18.2% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 470,488 shares of the technology company’s stock valued at $4,258,000 after purchasing an additional 72,437 shares during the last quarter. Finally, Intech Investment Management LLC lifted its position in Pitney Bowes by 15.5% in the first quarter. Intech Investment Management LLC now owns 195,309 shares of the technology company’s stock valued at $1,768,000 after purchasing an additional 26,260 shares during the last quarter. 67.88% of the stock is owned by institutional investors.

Pitney Bowes Trading Up 0.9%

NYSE:PBI opened at $10.27 on Tuesday. The company has a 50-day moving average price of $10.42 and a 200-day moving average price of $10.76. The stock has a market cap of $1.65 billion, a price-to-earnings ratio of 22.81, a P/E/G ratio of 0.48 and a beta of 1.41. Pitney Bowes Inc. has a 12 month low of $7.39 and a 12 month high of $13.11.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on PBI. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Pitney Bowes in a research note on Monday, December 29th. Citigroup assumed coverage on shares of Pitney Bowes in a report on Wednesday, December 3rd. They issued an “outperform” rating on the stock. Truist Financial started coverage on shares of Pitney Bowes in a research note on Friday, December 12th. They set a “hold” rating and a $11.00 price objective for the company. Zacks Research upgraded shares of Pitney Bowes from a “hold” rating to a “strong-buy” rating in a report on Monday, December 29th. Finally, JMP Securities set a $13.00 target price on Pitney Bowes in a research note on Wednesday, December 3rd. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price 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.