Deborah Pfeiffer Sells 20,000 Shares of Pitney Bowes (NYSE:PBI) Stock

Pitney Bowes Inc. (NYSE:PBI) EVP Deborah Pfeiffer sold 20,000 shares of Pitney Bowes stock in a transaction dated Tuesday, September 8th. The shares were sold at an average price of $17.11, for a total value of $342,200.00. Following the completion of the sale, the executive vice president 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. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Pitney Bowes Stock Performance

Pitney Bowes stock traded up $0.20 during mid-day trading on Wednesday, reaching $17.19. 1,737,318 shares of the company were exchanged, compared to its average volume of 2,586,421. The firm has a market cap of $2.36 billion, a P/E ratio of 14.09, a PEG ratio of 0.70 and a beta of 1.64. The business has a fifty day moving average of $17.39 and a 200 day moving average of $15.05. Pitney Bowes Inc. has a 12-month low of $8.95 and a 12-month high of $19.07.

Pitney Bowes (NYSE:PBI) last announced its earnings results 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 company had revenue of $451.50 million during the quarter, compared to the consensus estimate of $453.94 million. Pitney Bowes had a net margin of 10.04% and a negative return on equity of 31.37%. Pitney Bowes’s revenue was down 2.4% compared to the same quarter last year. During the same period last year, the firm earned $0.27 earnings per share. Pitney Bowes has set its FY 2026 guidance at 1.550-1.700 EPS. Sell-side analysts predict that Pitney Bowes Inc. will post 1.68 EPS for the current year.

Pitney Bowes Announces Dividend

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

Hedge Funds Weigh In On Pitney Bowes

A number of large investors have recently added to or reduced their stakes in the stock. Engineers Gate Manager LP grew its position in shares of Pitney Bowes by 474.9% in the second quarter. Engineers Gate Manager LP now owns 163,860 shares of the technology company’s stock valued at $2,871,000 after purchasing an additional 135,357 shares during the period. IFP Advisors Inc raised 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 purchasing an additional 3,063 shares during the last quarter. Nykredit A S purchased a new position in Pitney Bowes in the 2nd quarter valued at about $46,000. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in Pitney Bowes in the 2nd quarter valued at about $301,000. Finally, California State Teachers Retirement System boosted its holdings in Pitney Bowes by 1,606.1% in the 2nd quarter. California State Teachers Retirement System now owns 3,454,611 shares of the technology company’s stock worth $60,525,000 after buying an additional 3,252,127 shares during the last quarter. 67.88% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on PBI shares. Citizens Jmp boosted 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. Weiss Ratings upgraded shares of Pitney Bowes from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, July 31st. Truist Financial lifted their price objective on shares of Pitney Bowes from $15.00 to $18.00 and gave the company a “hold” rating in a report on Friday, July 31st. Citigroup reiterated a “market outperform” rating on shares of Pitney Bowes in a research report on Friday, July 31st. Finally, The Goldman Sachs Group reissued a “neutral” rating and set a $17.30 target price on shares of Pitney Bowes in a research note on Thursday, July 30th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, Pitney Bowes currently has an average rating of “Moderate Buy” and an average price target of $18.45.

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.