Pitney Bowes (NYSE:PBI) Shares Gap Up – Time to Buy?

Pitney Bowes Inc. (NYSE:PBIGet Free Report)’s share price gapped up prior to trading on Tuesday . The stock had previously closed at $13.19, but opened at $14.25. Pitney Bowes shares last traded at $14.5340, with a volume of 1,678,432 shares trading hands.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on PBI shares. Zacks Research cut Pitney Bowes from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 19th. Bank of America began coverage on Pitney Bowes in a research note on Tuesday, February 17th. They issued an “underperform” rating and a $9.00 price target for the company. Citigroup restated an “outperform” rating on shares of Pitney Bowes in a research note on Friday, April 17th. Citizens Jmp raised their price objective on Pitney Bowes from $13.00 to $14.00 and gave the stock a “market outperform” rating in a research note on Friday, April 17th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Pitney Bowes in a research note on Friday, March 27th. Two equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Pitney Bowes presently has a consensus rating of “Hold” and a consensus target price of $11.25.

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Pitney Bowes Stock Up 4.1%

The stock has a market capitalization of $2.19 billion, a PE ratio of 18.34, a PEG ratio of 0.97 and a beta of 1.39. The firm has a 50 day moving average price of $11.03 and a 200-day moving average price of $10.59.

Pitney Bowes (NYSE:PBIGet Free Report) last posted its earnings results on Tuesday, February 17th. The technology company reported $0.45 EPS for the quarter, topping the consensus estimate of $0.38 by $0.07. The firm had revenue of $477.63 million for the quarter, compared to analyst estimates of $482.47 million. Pitney Bowes had a negative return on equity of 36.91% and a net margin of 7.65%.Pitney Bowes’s revenue for the quarter was down 7.5% compared to the same quarter last year. During the same period last year, the company earned $0.32 earnings per share. Pitney Bowes has set its FY 2026 guidance at 1.400-1.600 EPS. Equities analysts expect that Pitney Bowes Inc. will post 1.52 earnings per share for the current fiscal year.

Pitney Bowes Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 30th. Investors of record on Friday, February 27th were issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend was Friday, February 27th. Pitney Bowes’s dividend payout ratio (DPR) is 43.37%.

Insider Activity

In related news, Director Brent D. Rosenthal bought 4,000 shares of the company’s stock in a transaction that occurred on Friday, March 13th. The shares were purchased at an average cost of $10.22 per share, with a total value of $40,880.00. Following the completion of the acquisition, the director directly owned 9,000 shares in the company, valued at approximately $91,980. The trade was a 80.00% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Kurt James Wolf sold 39,919 shares of the firm’s stock in a transaction dated Thursday, April 2nd. The stock was sold at an average price of $11.14, for a total value of $444,697.66. Following the sale, the chief executive officer directly owned 539,618 shares in the company, valued at approximately $6,011,344.52. This trade represents a 6.89% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 503,108 shares of company stock worth $5,355,063. 6.50% of the stock is owned by corporate insiders.

Institutional Trading of Pitney Bowes

Hedge funds and other institutional investors have recently bought and sold shares of the stock. LSV Asset Management grew its holdings in Pitney Bowes by 246.7% in the fourth quarter. LSV Asset Management now owns 4,197,189 shares of the technology company’s stock valued at $44,364,000 after purchasing an additional 2,986,689 shares during the period. Cannell & Spears LLC grew its holdings in Pitney Bowes by 89.5% in the third quarter. Cannell & Spears LLC now owns 3,364,466 shares of the technology company’s stock valued at $38,389,000 after purchasing an additional 1,588,579 shares during the period. Assenagon Asset Management S.A. acquired a new stake in Pitney Bowes in the first quarter valued at approximately $16,403,000. Millennium Management LLC grew its holdings in Pitney Bowes by 60.2% in the fourth quarter. Millennium Management LLC now owns 2,630,801 shares of the technology company’s stock valued at $27,808,000 after purchasing an additional 988,653 shares during the period. Finally, Cibc World Market Inc. grew its holdings in Pitney Bowes by 2,724.6% in the third quarter. Cibc World Market Inc. now owns 836,071 shares of the technology company’s stock valued at $9,540,000 after purchasing an additional 806,471 shares during the period. 67.88% of the stock is owned by institutional investors and hedge funds.

Pitney Bowes Company Profile

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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.

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