Pitney Bowes Inc. (NYSE:PBI – Get Free Report) has earned an average recommendation of “Moderate Buy” from the seven analysts that are covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $18.45.
Several research firms have recently weighed in on PBI. Zacks Research raised shares of Pitney Bowes from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 10th. Citizens Jmp upped their price objective 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. Citigroup reiterated a “market outperform” rating on shares of Pitney Bowes in a report on Friday, July 31st. Weiss Ratings raised shares of Pitney Bowes from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, July 31st. Finally, The Goldman Sachs Group restated a “neutral” rating and set a $17.30 target price on shares of Pitney Bowes in a report on Thursday, July 30th.
View Our Latest Research Report on PBI
Pitney Bowes Stock Performance
Pitney Bowes (NYSE:PBI – Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The technology company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.34 by $0.09. Pitney Bowes had a negative return on equity of 31.37% and a net margin of 10.04%.The firm had revenue of $451.50 million during the quarter, compared to the consensus estimate of $453.94 million. During the same period in the prior year, the company earned $0.27 EPS. The firm’s revenue was down 2.4% compared to the same quarter last year. Pitney Bowes has set its FY 2026 guidance at 1.550-1.700 EPS. On average, analysts predict that Pitney Bowes will post 1.68 earnings per share for the current year.
Pitney Bowes Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 8th. Investors of record on Monday, August 10th will be given a dividend of $0.01 per share. The ex-dividend date is Monday, August 10th. This represents a $0.04 dividend on an annualized basis and a yield of 0.2%. Pitney Bowes’s dividend payout ratio (DPR) is presently 32.79%.
Insiders Place Their Bets
In other Pitney Bowes news, EVP Todd Everett sold 25,000 shares of the business’s stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $18.07, for a total transaction of $451,750.00. Following the transaction, the executive vice president owned 96,048 shares of the company’s stock, valued at approximately $1,735,587.36. The trade was a 20.65% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Kurt Wolf sold 430,443 shares of the company’s stock in a transaction on Thursday, July 30th. The shares were sold at an average price of $18.23, for a total value of $7,846,975.89. Following the completion of the sale, the chief executive officer owned 179,190 shares of the company’s stock, valued at approximately $3,266,633.70. The trade was a 70.61% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 2,419,467 shares of company stock worth $42,373,690 in the last three months. 6.50% of the stock is currently owned by corporate insiders.
Institutional Investors Weigh In On Pitney Bowes
A number of hedge funds have recently modified their holdings of PBI. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in Pitney Bowes during the second quarter worth about $301,000. 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 valued at $60,525,000 after purchasing an additional 3,252,127 shares during the last quarter. HB Wealth Management LLC grew its stake in shares of Pitney Bowes by 1.0% in the 2nd quarter. HB Wealth Management LLC now owns 63,088 shares of the technology company’s stock valued at $1,105,000 after buying an additional 642 shares during the period. iSAM Funds UK Ltd purchased a new stake in shares of Pitney Bowes in the 2nd quarter valued at approximately $186,000. Finally, Nykredit A S purchased a new stake in shares of Pitney Bowes in the 2nd quarter valued at approximately $46,000. Hedge funds and other institutional investors own 67.88% of the company’s stock.
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.
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