Pitney Bowes is a global technology company providing commerce solutions that power billions of transactions. Clients around the world, including 90 percent of the Fortune 500, rely on the accuracy and precision delivered by Pitney Bowes solutions, analytics, and APIs in the areas of ecommerce fulfillment, shipping and returns; cross-border ecommerce; office mailing and shipping; presort services; and financing. For 100 years Pitney Bowes has been innovating and delivering technologies that remove the complexity of getting commerce transactions precisely right.
Company profile
Ticker
PBI, PBI-PB
Exchange
Website
CEO
Marc Lautenbach
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
The Registrant, Pitney Bowes Inc. • B. Williams Funding Corp. • Borderfree Trading (Shanghai) Co., Ltd. • Cresco Data Australia Pty Ltd • Cresco Data Pte. Ltd • Harvey Company • MCGW Technology • Mount Verde Insurance Company, Inc. • OldEurope Limited • OldMS Limited ...
IRS number
60495050
PBI stock data
Latest filings (excl ownership)
DEFA14A
Additional proxy soliciting materials
29 Mar 23
DEFA14A
Additional proxy soliciting materials
28 Mar 23
DEFA14A
Additional proxy soliciting materials
27 Mar 23
DEFA14A
Additional proxy soliciting materials
22 Mar 23
DEFA14A
Additional proxy soliciting materials
20 Mar 23
DFAN14A
Additional proxy materials by non-management
20 Mar 23
DEFA14A
Additional proxy soliciting materials
17 Mar 23
DFAN14A
Additional proxy materials by non-management
17 Mar 23
DFAN14A
Additional proxy materials by non-management
16 Mar 23
DEFA14A
Additional proxy soliciting materials
16 Mar 23
Transcripts
PBI
Earnings call transcript
2022 Q4
31 Jan 23
PBI
Earnings call transcript
2022 Q3
1 Nov 22
PBI
Earnings call transcript
2022 Q2
28 Jul 22
PBI
Earnings call transcript
2022 Q1
28 Apr 22
PBI
Earnings call transcript
2021 Q4
1 Feb 22
PBI
Earnings call transcript
2021 Q3
3 Nov 21
PBI
Earnings call transcript
2021 Q2
3 Aug 21
PBI
Earnings call transcript
2021 Q1
30 Apr 21
PBI
Earnings call transcript
2020 Q4
2 Feb 21
PBI
Earnings call transcript
2020 Q3
30 Oct 20
Latest ownership filings
4
Marc Bradley Lautenbach
17 Mar 23
4
GREGG ZEGRAS
17 Mar 23
4
Stehmann Christoph
16 Mar 23
4
Daniel J Goldstein
16 Mar 23
4
Jason Dies
16 Mar 23
4
James Arthur Fairweather
16 Mar 23
4
Ana Maria Chadwick
16 Mar 23
4
Joseph Ronald Catapano
16 Mar 23
4
William A Borrelle
16 Mar 23
SC 13D/A
HESTIA CAPITAL PARTNERS LP
8 Mar 23
Financial summary
| Quarter (USD) | Dec 22 | Sep 22 | Jun 22 | Mar 22 | |
|---|---|---|---|---|---|
| Revenue | |||||
| Cost of revenue | |||||
| Operating income | |||||
| Operating margin | |||||
| Net income | |||||
| Net profit margin | |||||
| Cash on hand | |||||
| Change in cash | |||||
| Diluted EPS |
| Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
|---|---|---|---|---|---|
| Revenue | |||||
| Cost of revenue | |||||
| Operating income | |||||
| Operating margin | |||||
| Net income | |||||
| Net profit margin | |||||
| Cash on hand | |||||
| Change in cash | |||||
| Diluted EPS |
| Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 669.98 mm | 669.98 mm | 669.98 mm | 669.98 mm | 669.98 mm | 669.98 mm |
| Cash burn (monthly) | (no burn) | 5.21 mm | (no burn) | (no burn) | (no burn) | (no burn) |
| Cash used (since last report) | n/a | 15.72 mm | n/a | n/a | n/a | n/a |
| Cash remaining | n/a | 654.26 mm | n/a | n/a | n/a | n/a |
| Runway (months of cash) | n/a | 125.6 | n/a | n/a | n/a | n/a |
Institutional ownership, Q4 2022
72.6% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 265 |
| Opened positions | 40 |
| Closed positions | 34 |
| Increased positions | 70 |
| Reduced positions | 97 |
| 13F shares | Current |
|---|---|
| Total value | 408.99 bn |
| Total shares | 127.20 mm |
| Total puts | 465.20 k |
| Total calls | 2.29 mm |
| Total put/call ratio | 0.2 |
| Largest owners | Shares | Value |
|---|---|---|
| Vanguard | 18.23 mm | $69.26 bn |
| BLK Blackrock | 17.12 mm | $65.05 bn |
| Hestia Capital Partners | 12.45 mm | $0.00 |
| STT State Street | 6.45 mm | $24.53 bn |
| GS Goldman Sachs | 4.87 mm | $18.50 bn |
| Charles Schwab Investment Management | 4.39 mm | $16.69 bn |
| Miller William H III | 4.37 mm | $0.00 |
| NTRS Northern Trust | 3.77 mm | $14.33 bn |
| D. E. Shaw & Co. | 3.55 mm | $13.47 bn |
| Geode Capital Management | 2.97 mm | $11.29 bn |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 16 Mar 23 | Lautenbach Marc Bradley | Common Stock | Payment of exercise | Dispose F | No | No | 3.82 | 1,754 | 6.70 k | 252,421.877 |
| 16 Mar 23 | Lautenbach Marc Bradley | Common Stock | Option exercise | Acquire M | No | No | 0 | 1,754 | 0.00 | 254,175.877 |
| 16 Mar 23 | Lautenbach Marc Bradley | RSU Common Stock | Option exercise | Dispose M | No | No | 0 | 1,754 | 0.00 | 1,967,864 |
| 16 Mar 23 | Gregg Zegras | Common Stock | Payment of exercise | Dispose F | No | No | 3.82 | 284 | 1.08 k | 69,930 |
| 16 Mar 23 | Gregg Zegras | Common Stock | Option exercise | Acquire M | No | No | 0 | 284 | 0.00 | 70,214 |
| 16 Mar 23 | Gregg Zegras | RSU Common Stock | Option exercise | Dispose M | No | No | 0 | 284 | 0.00 | 142,141 |
| 14 Mar 23 | Stehmann Christoph | Common Stock | Payment of exercise | Dispose F | No | No | 0 | 1,885 | 0.00 | 20,765 |
| 14 Mar 23 | Stehmann Christoph | Common Stock | Option exercise | Acquire M | No | No | 0 | 6,012 | 0.00 | 22,650 |
| 14 Mar 23 | Stehmann Christoph | RSU Common Stock | Option exercise | Dispose M | No | No | 0 | 6,012 | 0.00 | 165,883 |
| 14 Mar 23 | Daniel J Goldstein | Common Stock | Payment of exercise | Dispose F | No | No | 0 | 2,474 | 0.00 | 88,557 |
News
12 Industrials Stocks Moving In Tuesday's After-Market Session
14 Mar 23
Pitney Bowes Sees FY23 Revenue Growth Flat To Mid-Single Digit
31 Jan 23
Pitney Bowes Q4 EPS $0.06 Misses $0.08 Estimate, Sales $908.69M Miss $960.88M Estimate
31 Jan 23
Pitney Bowes Wins A $20M Postal Contract From The USDA Department Of Agriculture
26 Jan 23
Top 5 Industrials Stocks That May Plunge
13 Jan 23
Press releases
Pitney Bowes Board of Directors Issues Letter to Shareholders
27 Mar 23
Pitney Bowes to Present at the Sidoti Virtual Conference on March 22
22 Mar 23
Pitney Bowes Releases Order Experience Index to Help Direct-to-Consumer Retailers Navigate Post-Pandemic Market
21 Mar 23
Hestia Capital Files Definitive Proxy Statement and Sends Letter to Pitney Bowes Stockholders
16 Mar 23
Pitney Bowes Files Definitive Proxy Materials in Connection with May 9, 2023 Annual Meeting
14 Mar 23