Pitney Bowes (NYSE:PBI) Shares Gap Up – Still a Buy?

Shares of Pitney Bowes Inc. (NYSE:PBI) gapped up before the market opened on Tuesday . The stock had previously closed at $13.19, but opened at $14.25. Pitney Bowes shares last traded at $14.5340, with a volume of 1,678,432 shares.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Citigroup reiterated an “outperform” rating on shares of Pitney Bowes in a report on Friday. Citizens Jmp increased their price target on Pitney Bowes from $13.00 to $14.00 and gave the company a “market outperform” rating in a report on Friday. Zacks Research downgraded Pitney Bowes from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 19th. Bank of America assumed coverage on Pitney Bowes in a report on Tuesday, February 17th. They issued an “underperform” rating and a $9.00 price target for the company. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Pitney Bowes in a report on Friday, March 27th. Two equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Pitney Bowes presently has a consensus rating of “Hold” and a consensus price target of $11.25.

Pitney Bowes Stock Performance

The firm has a fifty day moving average of $10.85 and a 200-day moving average of $10.53. The stock has a market capitalization of $2.06 billion, a price-to-earnings ratio of 17.26, a P/E/G ratio of 0.89 and a beta of 1.39.

Pitney Bowes (NYSE:PBI) last posted its quarterly earnings data on Tuesday, February 17th. The technology company reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.07. The company had revenue of $477.63 million during the quarter, compared to analysts’ expectations of $482.47 million. Pitney Bowes had a net margin of 7.65% and a negative return on equity of 36.91%. The firm’s revenue for the quarter was down 7.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.32 EPS. Pitney Bowes has set its FY 2026 guidance at 1.400-1.600 EPS. On average, analysts predict that Pitney Bowes Inc. will post 1.46 EPS for the current year.

Pitney Bowes Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 30th. Shareholders of record on Friday, February 27th were given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend was Friday, February 27th. Pitney Bowes’s dividend payout ratio is presently 43.37%.

Insider Transactions at Pitney Bowes

In other Pitney Bowes news, CEO Kurt James Wolf sold 160,289 shares of the company’s stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $11.06, for a total value of $1,772,796.34. Following the completion of the transaction, the chief executive officer directly owned 543,211 shares of the company’s stock, valued at $6,007,913.66. This represents a 22.78% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Brent D. Rosenthal acquired 4,000 shares of the firm’s stock in a transaction on Friday, March 13th. The stock was purchased at an average cost of $10.22 per share, with a total value of $40,880.00. Following the completion of the transaction, the director owned 9,000 shares in the company, valued at $91,980. The trade was a 80.00% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last three months, insiders sold 502,939 shares of company stock valued at $5,352,655. 6.50% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Pitney Bowes

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PBI. Longview Financial Advisors Inc. purchased a new position in Pitney Bowes in the 1st quarter valued at about $26,000. EverSource Wealth Advisors LLC lifted its position 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 worth $38,000 after purchasing an additional 1,015 shares during the last quarter. Hantz Financial Services Inc. lifted its position in shares of Pitney Bowes by 190.9% during the fourth quarter. Hantz Financial Services Inc. now owns 3,747 shares of the technology company’s stock worth $40,000 after purchasing an additional 2,459 shares during the last quarter. UMB Bank n.a. lifted its position in shares of Pitney Bowes by 404.6% during the fourth quarter. UMB Bank n.a. now owns 4,022 shares of the technology company’s stock worth $43,000 after purchasing an additional 3,225 shares during the last quarter. Finally, Canada Pension Plan Investment Board bought a new position in shares of Pitney Bowes during the second quarter worth about $51,000. 67.88% of the stock is 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.