Pitney Bowes Inc. (NYSE:PBI) Receives Average Rating of “Hold” from Analysts

Pitney Bowes Inc. (NYSE:PBI) has received a consensus rating of “Hold” from the seven analysts that are currently covering the firm, MarketBeat.com reports. Five research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $16.4250.

Several research firms have recently weighed in on PBI. Truist Financial lifted their price objective on Pitney Bowes from $11.00 to $15.00 and gave the company a “hold” rating in a research note on Thursday, May 7th. Zacks Research downgraded shares of Pitney Bowes from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 10th. Weiss Ratings upgraded shares of Pitney Bowes from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, May 8th. Wall Street Zen upgraded Pitney Bowes from a “buy” rating to a “strong-buy” rating in a report on Saturday, April 25th. Finally, The Goldman Sachs Group set a $15.20 target price on Pitney Bowes in a report on Friday, May 8th.

Pitney Bowes Stock Performance

PBI opened at $18.18 on Thursday. The company’s 50 day simple moving average is $16.72 and its 200 day simple moving average is $13.15. Pitney Bowes has a 1 year low of $8.95 and a 1 year high of $18.61. The stock has a market capitalization of $2.46 billion, a PE ratio of 17.65, a P/E/G ratio of 0.80 and a beta of 1.62.

Pitney Bowes (NYSE:PBI) last announced its quarterly earnings results on Tuesday, May 5th. The technology company reported $0.47 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.47. The company had revenue of $477.41 million for the quarter, compared to analyst estimates of $471.83 million. Pitney Bowes had a net margin of 8.92% and a negative return on equity of 33.41%. Pitney Bowes’s revenue for the quarter was down 3.2% on a year-over-year basis. During the same quarter last year, the business earned $0.33 EPS. As a group, sell-side analysts expect that Pitney Bowes will post 1.62 earnings per share for the current fiscal year.

Pitney Bowes Cuts Dividend

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

Insider Activity at Pitney Bowes

In other news, CEO Kurt James Wolf sold 966,561 shares of the company’s stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $14.58, for a total value of $14,092,459.38. Following the completion of the transaction, the chief executive officer directly owned 452,628 shares in the company, valued at approximately $6,599,316.24. This represents a 68.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold 3,350,686 shares of company stock worth $53,305,322 over the last 90 days. Insiders own 6.50% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. State Street Corp grew its stake in Pitney Bowes by 3.1% during the 2nd quarter. State Street Corp now owns 6,366,188 shares of the technology company’s stock valued at $69,455,000 after purchasing an additional 188,886 shares in the last quarter. LSV Asset Management raised 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 acquiring an additional 2,986,689 shares in the last quarter. Permit Capital LLC raised its holdings in Pitney Bowes by 14.0% in the fourth quarter. Permit Capital LLC now owns 3,250,000 shares of the technology company’s stock valued at $34,352,000 after acquiring an additional 400,000 shares in the last quarter. Capital Management Corp VA boosted its stake in Pitney Bowes by 25.3% during the 4th quarter. Capital Management Corp VA now owns 2,930,328 shares of the technology company’s stock valued at $30,974,000 after acquiring an additional 592,568 shares during the last quarter. Finally, Millennium Management LLC grew its holdings in Pitney Bowes by 60.2% during the 4th quarter. Millennium Management LLC now owns 2,630,801 shares of the technology company’s stock worth $27,808,000 after acquiring an additional 988,653 shares in the last quarter. Hedge funds and other institutional investors own 67.88% of the company’s stock.

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.