Pitney Bowes Inc. (NYSE:PBI) Stock Rated “Hold” by Sell-Side Brokerages

Shares of Pitney Bowes Inc. (NYSE:PBI) have received a consensus rating of “Hold” from the seven ratings firms that are covering the firm, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $18.45.

A number of research firms have recently weighed in on PBI. Wall Street Zen downgraded Pitney Bowes from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Truist Financial raised their price target on Pitney Bowes from $15.00 to $18.00 and gave the stock a “hold” rating in a research report on Friday, July 31st. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $17.30 price target on shares of Pitney Bowes in a research note on Thursday, July 30th. Citizens Jmp upped their price objective on shares of Pitney Bowes from $19.00 to $22.00 and gave the stock a “market outperform” rating in a research report on Friday, July 31st. Finally, Citigroup reiterated a “market outperform” rating on shares of Pitney Bowes in a research note on Friday, July 31st.

Pitney Bowes Trading Down 1.1%

NYSE PBI opened at $17.35 on Friday. The firm has a market capitalization of $2.38 billion, a P/E ratio of 14.22, a price-to-earnings-growth ratio of 0.70 and a beta of 1.66. The firm’s fifty day moving average price is $16.87 and its two-hundred day moving average price is $16.46. Pitney Bowes has a 1 year low of $8.95 and a 1 year high of $19.07.

Pitney Bowes (NYSE:PBI) last released its quarterly earnings data on Wednesday, July 29th. The technology company reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.09. Pitney Bowes had a net margin of 10.04% and a negative return on equity of 31.37%. The company had revenue of $451.50 million for the quarter, compared to analyst estimates of $453.94 million. During the same period in the previous year, the business earned $0.27 EPS. Pitney Bowes’s revenue for the quarter was down 2.4% compared to the same quarter last year. Pitney Bowes has set its FY 2026 guidance at 1.550-1.700 EPS. On average, research analysts anticipate that Pitney Bowes will post 1.68 EPS for the current fiscal year.

Pitney Bowes Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 8th. Shareholders of record on Monday, August 10th were given a $0.01 dividend. The ex-dividend date was Monday, August 10th. This represents a $0.04 annualized dividend and a yield of 0.2%. Pitney Bowes’s dividend payout ratio (DPR) is currently 32.79%.

Insider Buying and Selling at Pitney Bowes

In other Pitney Bowes news, CEO Kurt Wolf sold 150,000 shares of the business’s stock in a transaction that occurred on Thursday, October 1st. The stock was sold at an average price of $16.16, for a total transaction of $2,424,000.00. Following the completion of the sale, the chief executive officer directly owned 91,321 shares of the company’s stock, valued at approximately $1,475,747.36. The trade was a 62.16% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Deborah Pfeiffer sold 20,000 shares of the stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of $17.11, for a total value of $342,200.00. Following the completion of the sale, the executive vice president directly owned 79,223 shares of the company’s stock, valued at $1,355,505.53. The trade was a 20.16% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 1,461,767 shares of company stock worth $25,920,799. Insiders own 6.50% of the company’s stock.

Hedge Funds Weigh In On Pitney Bowes

Institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. purchased a new stake in Pitney Bowes during the 2nd quarter worth about $220,473,000. Bank of New York Mellon Corp bought a new position in Pitney Bowes in the second quarter valued at $28,683,000. Hsbc Holdings PLC purchased a new position in shares of Pitney Bowes during the 2nd quarter valued at about $27,762,000. Dimensional Fund Advisors LP grew its position in Pitney Bowes by 9.0% during the first quarter. Dimensional Fund Advisors LP now owns 2,331,315 shares of the technology company’s stock valued at $25,760,000 after acquiring an additional 193,145 shares during the last quarter. Finally, Assenagon Asset Management S.A. raised its stake in shares of Pitney Bowes by 3,481.5% during the third quarter. Assenagon Asset Management S.A. now owns 1,309,845 shares of the technology company’s stock worth $21,377,000 after acquiring an additional 1,273,272 shares in the last quarter. Institutional investors own 67.88% of the company’s stock.

Pitney Bowes Company Profile

Pitney Bowes Inc (NYSE:PBI) is a global technology and services company that helps businesses manage mailing, shipping and related communications. Its offerings include postage meters, mailing systems, shipping software, parcel management tools, address and data services, and equipment financing and support.

The company serves small businesses, large enterprises and government organizations through solutions designed to streamline the preparation, processing and delivery of physical mail and packages.