Pitney Bowes (NYSE:PBI) Hits New 12-Month High – What’s Next?

Pitney Bowes Inc. (NYSE:PBI)’s stock price reached a new 52-week high on Thursday . The stock traded as high as $17.13 and last traded at $16.8910, with a volume of 2357002 shares traded. The stock had previously closed at $16.78.

Key Pitney Bowes News

Here are the key news stories impacting Pitney Bowes this week:

• Positive Sentiment: Zacks added Pitney Bowes to its Rank #1 (Strong Buy) growth stocks list, which can draw momentum and value investors looking for improving earnings estimates and growth prospects. Best Growth Stocks to Buy for June 11th
• Positive Sentiment: Zacks highlighted momentum in Pitney Bowes’ shipping software business, citing rising subscriptions, stronger bookings, and banking-based services as potential long-term growth drivers. Will Shipping Software Become Pitney Bowes’ Next Growth Engine?
• Neutral Sentiment: A Zacks piece asked whether value investors should buy PBI, but it did not include a clear rating change or major new catalyst. Should Value Investors Buy Pitney Bowes (PBI) Stock?
• Negative Sentiment: CEO Kurt James Wolf disclosed multiple large stock sales over June 10-12, reducing his ownership substantially; investors often view heavy insider selling as a cautionary signal. SEC filing

Wall Street Analysts Forecast Growth

Several analysts have weighed in on PBI shares. Zacks Research raised shares of Pitney Bowes from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 7th. Citigroup reissued an “outperform” rating on shares of Pitney Bowes in a research report on Friday, June 5th. Truist Financial lifted their price objective on shares of Pitney Bowes from $11.00 to $15.00 and gave the company a “hold” rating in a research note on Thursday, May 7th. The Goldman Sachs Group set a $15.20 price objective on shares of Pitney Bowes in a research note on Friday, May 8th. Finally, Citizens Jmp lifted their price objective on shares of Pitney Bowes from $17.00 to $19.00 and gave the company a “market outperform” rating in a research note on Friday, June 5th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $16.43.

Pitney Bowes Stock Performance

The firm’s 50 day moving average is $14.80 and its 200-day moving average is $11.95. The stock has a market capitalization of $2.34 billion, a price-to-earnings ratio of 16.79, a PEG ratio of 0.77 and a beta of 1.63.

Pitney Bowes (NYSE:PBI) last posted its earnings results on Tuesday, May 5th. The technology company reported $0.47 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.47. Pitney Bowes had a net margin of 8.92% and a negative return on equity of 33.41%. The firm had revenue of $477.41 million during the quarter, compared to analysts’ expectations of $471.83 million. During the same period in the previous year, the business posted $0.33 EPS. The business’s revenue was down 3.2% compared to the same quarter last year. As a group, sell-side analysts forecast that Pitney Bowes Inc. will post 1.62 earnings per share for the current year.

Pitney Bowes Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 5th. Investors of record on Monday, May 18th were paid a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.2%. The ex-dividend date was Monday, May 18th. Pitney Bowes’s payout ratio is currently 38.83%.

Insider Buying and Selling at Pitney Bowes

In related news, EVP Deborah Pfeiffer sold 18,750 shares of the business’s stock in a transaction on Friday, May 29th. The shares were sold at an average price of $16.06, for a total value of $301,125.00. Following the completion of the transaction, the executive vice president directly owned 97,828 shares in the company, valued at $1,571,117.68. The trade was a 16.08% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Kurt James Wolf sold 966,561 shares of the business’s stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $14.58, for a total transaction of $14,092,459.38. Following the completion of the transaction, the chief executive officer owned 452,628 shares of the company’s stock, valued at approximately $6,599,316.24. This represents a 68.11% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 3,030,097 shares of company stock valued at $46,661,100. Company insiders own 6.50% of the company’s stock.

Hedge Funds Weigh In On Pitney Bowes

Large investors have recently added to or reduced their stakes in the stock. Longview Financial Advisors Inc. acquired a new position in Pitney Bowes during the first quarter worth $26,000. EverSource Wealth Advisors LLC raised its position in Pitney Bowes by 41.3% during the second quarter. EverSource Wealth Advisors LLC now owns 3,472 shares of the technology company’s stock worth $38,000 after acquiring an additional 1,015 shares during the period. Hantz Financial Services Inc. raised its position in Pitney Bowes by 190.9% during the fourth quarter. Hantz Financial Services Inc. now owns 3,747 shares of the technology company’s stock worth $40,000 after acquiring an additional 2,459 shares during the period. UMB Bank n.a. raised its position in Pitney Bowes by 404.6% during the fourth quarter. UMB Bank n.a. now owns 4,022 shares of the technology company’s stock worth $43,000 after acquiring an additional 3,225 shares during the period. Finally, Canada Pension Plan Investment Board acquired a new position in Pitney Bowes during the second quarter worth $51,000. 67.88% of the stock is currently owned by institutional investors and hedge funds.

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.