Pitney Bowes (NYSE:PBI) Raised to Strong-Buy at Zacks Research

Pitney Bowes (NYSE:PBI) was upgraded by analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a report issued on Monday,Zacks.com reports.

Several other research analysts have also commented on the company. Truist Financial lifted their price target on Pitney Bowes from $15.00 to $18.00 and gave the stock a “hold” rating in a report on Friday, July 31st. Wall Street Zen raised shares of Pitney Bowes from a “buy” rating to a “strong-buy” rating in a report on Saturday, April 25th. Citizens Jmp raised 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. Weiss Ratings raised shares of Pitney Bowes from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, July 31st. Finally, Citigroup reiterated a “market outperform” rating on shares of Pitney Bowes in a report on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $18.45.

Pitney Bowes Stock Performance

NYSE:PBI opened at $16.61 on Monday. Pitney Bowes has a one year low of $8.95 and a one year high of $19.07. The stock has a market cap of $2.28 billion, a PE ratio of 13.61, a P/E/G ratio of 0.68 and a beta of 1.63. The stock has a 50 day moving average price of $17.54 and a 200 day moving average price of $14.14.

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 analysts’ consensus estimates of $0.34 by $0.09. The company had revenue of $451.50 million for the quarter, compared to analyst estimates of $453.94 million. Pitney Bowes had a negative return on equity of 31.37% and a net margin of 10.04%.The firm’s revenue for the quarter was down 2.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.27 earnings per share. Pitney Bowes has set its FY 2026 guidance at 1.550-1.700 EPS. As a group, analysts predict that Pitney Bowes will post 1.68 earnings per share for the current fiscal year.

Insider Activity at Pitney Bowes

In other news, CEO Kurt James Wolf sold 430,443 shares of the company’s stock in a transaction on Thursday, July 30th. The stock was sold at an average price of $18.23, for a total value of $7,846,975.89. Following the transaction, the chief executive officer owned 179,190 shares of the company’s stock, valued at $3,266,633.70. This represents a 70.61% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Over the last quarter, insiders sold 2,476,376 shares of company stock valued at $43,266,688. Corporate insiders own 6.50% of the company’s stock.

Institutional Trading of Pitney Bowes

Institutional investors and hedge funds have recently bought and sold shares of the stock. EverSource Wealth Advisors LLC increased its holdings in Pitney Bowes by 41.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,472 shares of the technology company’s stock valued at $38,000 after purchasing an additional 1,015 shares during the last quarter. Advisory Services Network LLC raised its position in Pitney Bowes by 2.4% in the third quarter. Advisory Services Network LLC now owns 52,975 shares of the technology company’s stock valued at $604,000 after purchasing an additional 1,234 shares during the period. Baird Financial Group Inc. lifted its stake in Pitney Bowes by 12.5% during the second quarter. Baird Financial Group Inc. now owns 13,164 shares of the technology company’s stock worth $144,000 after purchasing an additional 1,459 shares in the last quarter. HB Wealth Management LLC lifted its stake in Pitney Bowes by 3.0% during the first quarter. HB Wealth Management LLC now owns 62,446 shares of the technology company’s stock worth $690,000 after purchasing an additional 1,807 shares in the last quarter. Finally, Creative Planning boosted its position in shares of Pitney Bowes by 13.5% during the third quarter. Creative Planning now owns 18,402 shares of the technology company’s stock worth $210,000 after buying an additional 2,188 shares during the period. 67.88% of the stock is currently owned by hedge funds and other institutional investors.

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.