Pitney Bowes (NYSE:PBI) Downgraded by Wall Street Zen to “Buy”

Wall Street Zen downgraded shares of Pitney Bowes (NYSE:PBI) from a strong-buy rating to a buy rating in a research note issued to investors on Saturday,Wall Street Zen reports.

PBI has been the topic of several other reports. Weiss Ratings raised Pitney Bowes from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, October 8th. Zacks Research lowered Pitney Bowes from a “strong-buy” rating to a “hold” rating in a report on Friday, October 2nd. Truist Financial lifted their price target on Pitney Bowes from $15.00 to $18.00 and gave the company a “hold” rating in a report on Friday, July 31st. The Goldman Sachs Group reissued a “neutral” rating and issued a $17.30 price target on shares of Pitney Bowes in a research note on Thursday, July 30th. Finally, Citizens Jmp increased their price objective on Pitney Bowes from $19.00 to $22.00 and gave the stock a “market outperform” rating in a report on Friday, July 31st. Three research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $18.45.

Pitney Bowes Trading Down 1.1%

Pitney Bowes stock opened at $17.35 on Friday. Pitney Bowes has a 52 week low of $8.95 and a 52 week high of $19.07. The stock has a market cap of $2.38 billion, a price-to-earnings ratio of 14.22, a PEG ratio of 0.70 and a beta of 1.66. The company’s 50-day moving average price is $16.87 and its two-hundred day moving average price is $16.46.

Pitney Bowes (NYSE:PBI) last announced 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. The business had revenue of $451.50 million during 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 company’s revenue was down 2.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.27 earnings per share. Pitney Bowes has set its FY 2026 guidance at 1.550-1.700 EPS. Research analysts expect that Pitney Bowes will post 1.68 earnings per share for the current fiscal year.

Pitney Bowes Announces Dividend

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

Insider Buying and Selling

In other Pitney Bowes news, CEO Kurt Wolf sold 430,443 shares of Pitney Bowes stock in a transaction on Thursday, July 30th. The shares were sold at an average price of $18.23, for a total transaction of $7,846,975.89. Following the sale, the chief executive officer owned 179,190 shares in the company, valued at $3,266,633.70. The trade was a 70.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Deborah Pfeiffer sold 20,000 shares of the firm’s stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of $17.11, for a total transaction of $342,200.00. Following the transaction, the executive vice president directly owned 79,223 shares of the company’s stock, valued at $1,355,505.53. The trade was a 20.16% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 1,461,767 shares of company stock valued at $25,920,799 over the last ninety days. 6.50% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PBI. Simplicity Wealth LLC acquired a new position in Pitney Bowes during the 3rd quarter valued at about $392,000. Yousif Capital Management LLC boosted its stake in shares of Pitney Bowes by 3.1% in the 3rd quarter. Yousif Capital Management LLC now owns 35,048 shares of the technology company’s stock valued at $572,000 after purchasing an additional 1,060 shares during the last quarter. Wavvest Wealth LLC bought a new position in shares of Pitney Bowes in the 3rd quarter valued at about $1,340,000. Nisa Investment Advisors LLC grew its position in shares of Pitney Bowes by 64.2% during the 3rd quarter. Nisa Investment Advisors LLC now owns 13,497 shares of the technology company’s stock worth $220,000 after buying an additional 5,276 shares during the period. Finally, Robeco Institutional Asset Management B.V. acquired a new stake in shares of Pitney Bowes during the 3rd quarter worth approximately $4,451,000. Institutional investors own 67.88% of the company’s stock.

About Pitney Bowes

Pitney Bowes Inc (NYSE:PBI) is a global technology and services company that helps businesses manage mailing, shipping and related communications. Its offerings include postage meters, mailing systems, shipping software, parcel management tools, address and data services, and equipment financing and support.

The company serves small businesses, large enterprises and government organizations through solutions designed to streamline the preparation, processing and delivery of physical mail and packages.