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

Pitney Bowes Inc. (NYSE:PBI) has earned a consensus rating of “Moderate Buy” from the seven analysts that are covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $18.45.

PBI has been the subject of a number of research analyst reports. Weiss Ratings raised shares of Pitney Bowes from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, July 31st. Citigroup reiterated a “market outperform” rating on shares of Pitney Bowes in a research note on Friday, July 31st. Truist Financial lifted their target price on Pitney Bowes from $15.00 to $18.00 and gave the stock a “hold” rating in a research report on Friday, July 31st. Citizens Jmp boosted their price target on Pitney Bowes from $19.00 to $22.00 and gave the company a “market outperform” rating in a research note on Friday, July 31st. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $17.30 price target on shares of Pitney Bowes in a report on Thursday, July 30th.

Pitney Bowes Stock Up 0.7%

Shares of PBI stock opened at $16.72 on Tuesday. Pitney Bowes has a 12 month low of $8.95 and a 12 month high of $19.07. The firm has a market cap of $2.29 billion, a PE ratio of 13.71, a price-to-earnings-growth ratio of 0.67 and a beta of 1.66. The stock has a 50 day moving average of $17.02 and a 200-day moving average of $15.79.

Pitney Bowes (NYSE:PBI) last posted its quarterly earnings data on Wednesday, July 29th. The technology company reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.09. Pitney Bowes had a negative return on equity of 31.37% and a net margin of 10.04%.The company had revenue of $451.50 million during the quarter, compared to analysts’ expectations of $453.94 million. During the same period in the prior year, the business earned $0.27 earnings per share. 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. As a group, equities analysts predict that Pitney Bowes will post 1.68 EPS for the current fiscal year.

Pitney Bowes Announces Dividend

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

Insider Activity

In other news, EVP Todd Everett sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, September 10th. The stock was sold at an average price of $16.89, for a total transaction of $168,900.00. Following the sale, the executive vice president directly owned 86,048 shares in the company, valued at approximately $1,453,350.72. The trade was a 10.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Kurt Wolf sold 23,887 shares of the company’s stock in a transaction on Thursday, September 17th. The shares were sold at an average price of $17.43, for a total value of $416,350.41. Following the completion of the transaction, the chief executive officer owned 104,821 shares of the company’s stock, valued at $1,827,030.03. The trade was a 18.56% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 1,683,908 shares of company stock worth $29,849,797. Company insiders own 6.50% of the company’s stock.

Institutional Investors Weigh In On Pitney Bowes

Several institutional investors and hedge funds have recently bought and sold shares of the business. Longview Financial Advisors Inc. acquired a new stake in Pitney Bowes during the first quarter valued at approximately $26,000. Nykredit A S acquired a new position in shares of Pitney Bowes in the 2nd quarter worth approximately $46,000. Public Employees Retirement System of Ohio acquired a new position in shares of Pitney Bowes in the 2nd quarter worth approximately $46,000. IFP Advisors Inc lifted its position in shares of Pitney Bowes by 5,373.7% during the 2nd quarter. IFP Advisors Inc now owns 3,120 shares of the technology company’s stock worth $55,000 after buying an additional 3,063 shares during the period. Finally, Plato Investment Management Ltd bought a new position in shares of Pitney Bowes during the 2nd quarter worth approximately $55,000. Institutional investors own 67.88% of the company’s stock.

Pitney Bowes Company Profile

Pitney Bowes Inc (NYSE:PBI) is a technology, mailing and shipping services company that helps businesses manage physical and digital communications, postage and parcel delivery. Its offerings include postage meters, mailing systems, shipping software, parcel lockers and related supplies, financing and support services.

The company’s products are designed for organizations ranging from small businesses to large enterprises and government agencies. Its SendPro platform integrates postage purchasing, carrier selection, shipping labels, tracking and reporting, while Pitney Bowes also provides solutions for mailroom operations, document management and transactional communications.

Founded in 1920 by Arthur Pitney and Walter Bowes, the company initially became known for its postage-meter technology, which helped automate the mailing process.