Pitney Bowes (NYSE:PBI) Hits New 12-Month High – Should You Buy?

Pitney Bowes Inc. (NYSE:PBI) hit a new 52-week high on Monday . The stock traded as high as $18.25 and last traded at $18.0150, with a volume of 625363 shares. The stock had previously closed at $18.12.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Zacks Research raised Pitney Bowes from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 7th. Wall Street Zen upgraded shares of Pitney Bowes from a “buy” rating to a “strong-buy” rating in a report on Saturday, April 25th. Weiss Ratings raised shares of Pitney Bowes from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, May 8th. Citigroup restated a “market outperform” rating on shares of Pitney Bowes in a research note on Tuesday, June 16th. Finally, Citizens Jmp lifted their price target on shares of Pitney Bowes from $17.00 to $19.00 and gave the company a “market outperform” rating in a research note on Friday, June 5th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Pitney Bowes has an average rating of “Moderate Buy” and a consensus target price of $16.43.

Pitney Bowes Trading Down 0.2%

The business’s 50-day moving average price is $16.01 and its 200-day moving average price is $12.49. The stock has a market cap of $2.45 billion, a PE ratio of 17.56, a P/E/G ratio of 0.81 and a beta of 1.63.

Pitney Bowes (NYSE:PBI) last posted its quarterly earnings results on Tuesday, May 5th. The technology company reported $0.47 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.47. The business had revenue of $477.41 million during the quarter, compared to analyst estimates of $471.83 million. Pitney Bowes had a negative return on equity of 33.41% and a net margin of 8.92%.The business’s revenue was down 3.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.33 earnings per share. As a group, analysts predict that Pitney Bowes Inc. will post 1.62 earnings per share for the current year.

Pitney Bowes Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 5th. Shareholders of record on Monday, May 18th were given a dividend of $0.01 per share. The ex-dividend date of this dividend was Monday, May 18th. This represents a $0.04 annualized dividend and a yield of 0.2%. Pitney Bowes’s payout ratio is 38.83%.

Insiders Place Their Bets

In related news, EVP Deborah Pfeiffer sold 18,750 shares of the business’s stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $16.06, for a total value of $301,125.00. Following the transaction, the executive vice president owned 97,828 shares in the company, valued at $1,571,117.68. The trade was a 16.08% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Kurt James Wolf sold 966,561 shares of the stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $14.58, for a total value of $14,092,459.38. Following the sale, the chief executive officer directly owned 452,628 shares of the company’s stock, valued at $6,599,316.24. The trade was a 68.11% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 3,030,097 shares of company stock worth $46,661,100. 6.50% of the stock is currently owned by company insiders.

Institutional Trading of Pitney Bowes

Several large investors have recently added to or reduced their stakes in PBI. EverSource Wealth Advisors LLC grew its holdings in shares of Pitney Bowes by 41.3% during the second quarter. EverSource Wealth Advisors LLC now owns 3,472 shares of the technology company’s stock valued at $38,000 after buying an additional 1,015 shares in the last quarter. Advisory Services Network LLC increased its holdings in shares of Pitney Bowes by 2.4% in the 3rd 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. boosted its holdings in shares of 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 during the period. HB Wealth Management LLC grew its position 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 valued at $690,000 after purchasing an additional 1,807 shares in the last quarter. Finally, Creative Planning increased its stake in Pitney Bowes by 13.5% in the 3rd quarter. Creative Planning now owns 18,402 shares of the technology company’s stock valued at $210,000 after buying an additional 2,188 shares during the period. 67.88% of the stock is owned by institutional investors and hedge funds.

Pitney Bowes Company Profile

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.