Allspring Global Investments Holdings LLC Raises Stake in Pitney Bowes Inc. $PBI

Allspring Global Investments Holdings LLC lifted its holdings in shares of Pitney Bowes Inc. (NYSE:PBI) by 76.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 555,747 shares of the technology company’s stock after acquiring an additional 241,465 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Pitney Bowes were worth $6,341,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Hennessy Advisors Inc. acquired a new stake in shares of Pitney Bowes in the second quarter valued at about $12,660,000. AQR Capital Management LLC grew its position in Pitney Bowes by 2,074.5% in the first quarter. AQR Capital Management LLC now owns 728,483 shares of the technology company’s stock valued at $6,593,000 after acquiring an additional 694,982 shares in the last quarter. Brandywine Global Investment Management LLC acquired a new stake in Pitney Bowes in the second quarter valued at approximately $5,889,000. Permit Capital LLC raised its stake in shares of Pitney Bowes by 18.8% during the second quarter. Permit Capital LLC now owns 2,850,000 shares of the technology company’s stock valued at $31,094,000 after purchasing an additional 450,000 shares during the period. Finally, Norges Bank acquired a new position in shares of Pitney Bowes during the second quarter worth $3,611,000. 67.88% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have weighed in on PBI shares. Citizens Jmp began coverage on shares of Pitney Bowes in a research report on Wednesday, December 3rd. They issued a “market outperform” rating and a $13.00 price objective for the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Pitney Bowes in a research note on Monday, December 29th. The Goldman Sachs Group initiated coverage on Pitney Bowes in a research note on Monday, November 3rd. They set a “neutral” rating and a $11.00 price objective for the company. JMP Securities set a $13.00 price objective on Pitney Bowes in a report on Wednesday, December 3rd. Finally, Zacks Research upgraded Pitney Bowes from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 29th. One research 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 company. According to data from MarketBeat.com, Pitney Bowes presently has an average rating of “Moderate Buy” and an average target price of $12.00.

Pitney Bowes Stock Performance

NYSE:PBI opened at $10.11 on Wednesday. The company has a market capitalization of $1.63 billion, a price-to-earnings ratio of 22.46, a price-to-earnings-growth ratio of 0.47 and a beta of 1.30. Pitney Bowes Inc. has a one year low of $6.88 and a one year high of $13.11. The stock has a 50-day simple moving average of $9.97 and a 200 day simple moving average of $10.98.

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

Pitney Bowes Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 8th. Investors of record on Monday, November 10th were given a $0.09 dividend. The ex-dividend date was Monday, November 10th. This represents a $0.36 annualized dividend and a yield of 3.6%. This is an increase from Pitney Bowes’s previous quarterly dividend of $0.08. Pitney Bowes’s payout ratio is 80.00%.

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.