On February 2, Capital Management Corp disclosed in a U.S. Securities and Exchange Commission (SEC) filing that it increased its position in Pitney Bowes (NYSE:PBI) by 592,568 shares during the fourth quarter, an estimated $6.15 million trade based on quarterly average pricing. What happened According to a SEC filing dated February 2, Capital Management Corp bought an additional 592,568 shares of Pitney Bowes during the fourth quarter. The estimated value of the trade, calculated using the average closin ...

Core Viewpoint - Citizens JMP initiated coverage on Pitney Bowes with a "Market Outperform" rating and a price target of $13.00 per share, indicating a positive outlook for the stock [1] Financial Metrics - The stock is considered to have reasonable valuation estimates for 2027, with an EV-to-free cash flow multiple of 8.7x and an EV-to-EBITDA multiple of 5.6x [2] Market Position - Pitney Bowes holds a dominant position in its core segments, with approximately a 70% market share in its "SendTech" mailing/shipping business and a mid-30% share in first-class mail within its "Presort Services" unit [2] Capital Allocation and Shareholder Value - Recent capital-allocation policies include aggressive share repurchases, with about 12% of outstanding shares repurchased by late October and approximately 8% in the most recent quarter, alongside steady dividend increases, which enhance shareholder value [3] Growth Catalysts - Analysts identified near-term growth potential from the company's banking operations and medium-term upside from the expansion of its digital shipping and SaaS tools, such as the SendTech/Shipping-360 platform, as well as possible consolidation gains in its Presort Services business [3] Company Overview - Pitney Bowes Inc. is a U.S.-based technology and logistics company founded in 1920, providing mailing, shipping, mailing-sortation, shipping-software, and related financial services through segments like SendTech and Presort Services [4]