Pitney Bowes Inc. (NYSE:PBI) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Pitney Bowes Inc. (NYSE:PBI) have received a consensus recommendation of “Moderate Buy” from the seven research firms that are covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $18.45.

A number of equities research analysts have weighed in on the stock. The Goldman Sachs Group reiterated a “neutral” rating and set a $17.30 price target on shares of Pitney Bowes in a research note on Thursday, July 30th. Truist Financial increased their price objective on shares of Pitney Bowes from $15.00 to $18.00 and gave the company a “hold” rating in a research note on Friday, July 31st. Zacks Research upgraded shares of Pitney Bowes from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 10th. Citizens Jmp upped their target price on shares of 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, Citigroup reissued a “market outperform” rating on shares of Pitney Bowes in a research report on Friday, July 31st.

Pitney Bowes Stock Up 0.5%

Pitney Bowes stock opened at $16.84 on Tuesday. The business has a 50 day moving average price of $16.99 and a two-hundred day moving average price of $15.87. The stock has a market cap of $2.31 billion, a price-to-earnings ratio of 13.80, a price-to-earnings-growth ratio of 0.67 and a beta of 1.66. Pitney Bowes has a 12 month low of $8.95 and a 12 month high of $19.07.

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

Pitney Bowes Dividend Announcement

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

Insider Transactions at Pitney Bowes

In related news, CEO Kurt Wolf sold 430,443 shares of the firm’s stock in a transaction that occurred on Thursday, July 30th. The stock was sold at an average price of $18.23, for a total transaction of $7,846,975.89. Following the completion of the transaction, the chief executive officer owned 179,190 shares in the company, valued at $3,266,633.70. This trade represents a 70.61% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Todd Everett sold 25,000 shares of the business’s stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $18.07, for a total value of $451,750.00. Following the completion of the sale, the executive vice president directly owned 96,048 shares in the company, valued at approximately $1,735,587.36. This represents a 20.65% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 1,311,767 shares of company stock valued at $23,496,799. Corporate insiders own 6.50% of the company’s stock.

Institutional Trading of Pitney Bowes

Large investors have recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in shares of Pitney Bowes in the 2nd quarter valued at $220,473,000. Bank of New York Mellon Corp bought a new position in shares of Pitney Bowes during the second quarter worth about $28,683,000. Hsbc Holdings PLC acquired a new stake in shares of Pitney Bowes in the second quarter valued at approximately $27,762,000. Assenagon Asset Management S.A. acquired a new stake in Pitney Bowes in the 1st quarter valued at $16,403,000. Finally, Pacer Advisors Inc. acquired a new stake in shares of Pitney Bowes in the first quarter valued at about $12,950,000. 67.88% of the stock is owned by institutional investors.

About Pitney Bowes

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.