Pitney Bowes Inc. (NYSE:PBI – Get Free Report)’s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $10.53 and traded as high as $11.08. Pitney Bowes shares last traded at $10.8850, with a volume of 2,746,774 shares traded.
Analyst Upgrades and Downgrades
Several equities analysts have recently weighed in on the company. Zacks Research cut Pitney Bowes from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 19th. Weiss Ratings reissued a “hold (c)” rating on shares of Pitney Bowes in a report on Friday. Bank of America began coverage on Pitney Bowes in a research note on Tuesday, February 17th. They issued an “underperform” rating and a $9.00 target price for the company. Citizens Jmp reiterated a “market outperform” rating and set a $13.00 price target on shares of Pitney Bowes in a research report on Wednesday, February 18th. Finally, Citigroup began coverage on shares of Pitney Bowes in a report on Wednesday, December 3rd. They issued an “outperform” rating on the stock. Two analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $11.00.
Get Our Latest Stock Analysis on PBI
Pitney Bowes Stock Performance
Pitney Bowes (NYSE:PBI – Get Free Report) last issued its quarterly earnings data on Tuesday, February 17th. The technology company reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.07. The company had revenue of $477.63 million for the quarter, compared to the consensus estimate of $482.47 million. Pitney Bowes had a negative return on equity of 36.91% and a net margin of 7.65%.The firm’s revenue was down 7.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.32 earnings per share. Pitney Bowes has set its FY 2026 guidance at 1.400-1.600 EPS. As a group, equities research analysts predict that Pitney Bowes Inc. will post 1.21 earnings per share for the current year.
Pitney Bowes Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Monday, March 30th. Shareholders of record on Friday, February 27th were paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date was Friday, February 27th. Pitney Bowes’s dividend payout ratio is currently 43.37%.
Insider Activity
In other Pitney Bowes news, Director Brent D. Rosenthal purchased 4,000 shares of the stock in a transaction on Friday, March 13th. The shares were purchased at an average price of $10.22 per share, with a total value of $40,880.00. Following the acquisition, the director directly owned 9,000 shares in the company, valued at approximately $91,980. The trade was a 80.00% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Kurt James Wolf sold 150,000 shares of Pitney Bowes stock in a transaction dated Wednesday, March 11th. The shares were sold at an average price of $10.38, for a total value of $1,557,000.00. Following the sale, the chief executive officer owned 557,637 shares of the company’s stock, valued at approximately $5,788,272.06. This trade represents a 21.20% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 9.00% of the company’s stock.
Institutional Investors Weigh In On Pitney Bowes
Several hedge funds have recently bought and sold shares of PBI. State Street Corp grew its stake in Pitney Bowes by 3.1% in the 2nd quarter. State Street Corp now owns 6,366,188 shares of the technology company’s stock worth $69,455,000 after buying an additional 188,886 shares in the last quarter. LSV Asset Management raised its position in shares of Pitney Bowes by 246.7% during the 4th quarter. LSV Asset Management now owns 4,197,189 shares of the technology company’s stock valued at $44,364,000 after buying an additional 2,986,689 shares in the last quarter. Cannell & Spears LLC lifted its holdings in shares of Pitney Bowes by 89.5% during the 3rd quarter. Cannell & Spears LLC now owns 3,364,466 shares of the technology company’s stock worth $38,389,000 after acquiring an additional 1,588,579 shares during the last quarter. Permit Capital LLC lifted its holdings in shares of Pitney Bowes by 14.0% during the 4th quarter. Permit Capital LLC now owns 3,250,000 shares of the technology company’s stock worth $34,352,000 after acquiring an additional 400,000 shares during the last quarter. Finally, Capital Management Corp VA grew its position in Pitney Bowes by 25.3% in the fourth quarter. Capital Management Corp VA now owns 2,930,328 shares of the technology company’s stock worth $30,974,000 after acquiring an additional 592,568 shares in the last quarter. 67.88% of the stock is currently owned by 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.
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