Pitney Bowes Inc. (NYSE:PBI) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Pitney Bowes Inc. (NYSE:PBI) have received a consensus recommendation of “Moderate Buy” from the seven analysts that are currently covering the stock, Marketbeat.com reports. Four research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $15.1750.

Several equities research analysts recently weighed in on PBI shares. The Goldman Sachs Group set a $15.20 price target on Pitney Bowes in a report on Friday, May 8th. Bank of America upgraded Pitney Bowes from an “underperform” rating to a “neutral” rating and raised their price target for the company from $9.50 to $16.50 in a research report on Monday, May 11th. Weiss Ratings upgraded Pitney Bowes from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, May 8th. Zacks Research upgraded Pitney Bowes from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 7th. Finally, Truist Financial lifted their price objective on Pitney Bowes from $11.00 to $15.00 and gave the stock a “hold” rating in a research report on Thursday, May 7th.

Insider Transactions at Pitney Bowes

In other Pitney Bowes news, CEO Kurt James Wolf sold 40,476 shares of the firm’s stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $15.62, for a total value of $632,235.12. Following the sale, the chief executive officer directly owned 360,210 shares of the company’s stock, valued at approximately $5,626,480.20. This trade represents a 10.10% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Brent D. Rosenthal purchased 4,000 shares of the firm’s stock in a transaction on Friday, March 13th. The stock was acquired at an average cost of $10.22 per share, for a total transaction of $40,880.00. Following the completion of the purchase, the director owned 9,000 shares in the company, valued at $91,980. The trade was a 80.00% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last three months, insiders sold 2,346,530 shares of company stock worth $33,951,416. 6.50% of the stock is owned by corporate insiders.

Institutional Trading of Pitney Bowes

Hedge funds have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC increased its holdings in Pitney Bowes by 41.3% during the 2nd 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. Advisory Services Network LLC increased its holdings in Pitney Bowes by 2.4% during the 3rd quarter. Advisory Services Network LLC now owns 52,975 shares of the technology company’s stock worth $604,000 after purchasing an additional 1,234 shares during the last quarter. Baird Financial Group Inc. increased its holdings in Pitney Bowes by 12.5% during the 2nd 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 last quarter. Amalgamated Bank increased its holdings in Pitney Bowes by 3.4% during the 3rd quarter. Amalgamated Bank now owns 46,680 shares of the technology company’s stock worth $533,000 after purchasing an additional 1,555 shares during the last quarter. Finally, Stratos Wealth Partners LTD. increased its holdings in Pitney Bowes by 17.6% during the 3rd quarter. Stratos Wealth Partners LTD. now owns 11,993 shares of the technology company’s stock worth $137,000 after purchasing an additional 1,799 shares during the last quarter. 67.88% of the stock is owned by institutional investors and hedge funds.

Pitney Bowes Trading Up 1.5%

PBI stock opened at $15.48 on Wednesday. The business has a 50 day simple moving average of $13.23 and a 200-day simple moving average of $11.29. Pitney Bowes has a twelve month low of $8.95 and a twelve month high of $16.56. The company has a market capitalization of $2.10 billion, a P/E ratio of 15.03, a PEG ratio of 0.68 and a beta of 1.64.

Pitney Bowes (NYSE:PBI) last issued its quarterly earnings results on Tuesday, May 5th. The technology company reported $0.47 earnings per share for the quarter, hitting the consensus estimate of $0.47. Pitney Bowes had a negative return on equity of 33.41% and a net margin of 8.92%.The firm had revenue of $477.41 million during the quarter, compared to the consensus estimate of $471.83 million. During the same period last year, the company earned $0.33 earnings per share. The company’s revenue for the quarter was down 3.2% on a year-over-year basis. Research analysts predict that Pitney Bowes will post 1.62 EPS for the current fiscal year.

Pitney Bowes Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 5th. Investors of record on Monday, May 18th will be given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date is Monday, May 18th. Pitney Bowes’s dividend payout ratio (DPR) is currently 38.83%.

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.