Pitney Bowes (NYSE:PBI) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Pitney Bowes (NYSE:PBI) from a buy rating to a strong-buy rating in a research note released on Saturday.

Several other equities research analysts have also issued reports on PBI. Bank of America initiated coverage on Pitney Bowes in a research report on Tuesday, February 17th. They set an “underperform” rating and a $9.00 target price for the company. Citigroup reaffirmed an “outperform” rating on shares of Pitney Bowes in a research report on Friday, April 17th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Pitney Bowes in a research report on Friday, March 27th. Zacks Research lowered Pitney Bowes from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 19th. Finally, Citizens Jmp raised their target price on Pitney Bowes from $13.00 to $14.00 and gave the company a “market outperform” rating in a research report on Friday, April 17th. Two research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Pitney Bowes has an average rating of “Hold” and a consensus price target of $11.93.

Pitney Bowes Trading Up 1.0%

NYSE PBI opened at $15.74 on Friday. The firm has a market capitalization of $2.26 billion, a P/E ratio of 18.96, a PEG ratio of 1.01 and a beta of 1.39. The business has a fifty day simple moving average of $11.34 and a 200 day simple moving average of $10.68. Pitney Bowes has a 12 month low of $8.35 and a 12 month high of $15.85.

Pitney Bowes (NYSE:PBI) last announced its earnings results on Tuesday, February 17th. The technology company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.07. Pitney Bowes had a negative return on equity of 36.91% and a net margin of 7.65%.The firm had revenue of $477.63 million during the quarter, compared to analyst estimates of $482.47 million. During the same period last year, the firm posted $0.32 EPS. The business’s revenue was down 7.5% compared to the same quarter last year. Pitney Bowes has set its FY 2026 guidance at 1.400-1.600 EPS. As a group, sell-side analysts predict that Pitney Bowes will post 1.55 EPS for the current fiscal year.

Pitney Bowes Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 30th. Stockholders of record on Friday, February 27th were paid a dividend of $0.09 per share. The ex-dividend date was Friday, February 27th. This represents a $0.36 annualized dividend and a dividend yield of 2.3%. Pitney Bowes’s dividend payout ratio is presently 43.37%.

Insider Buying and Selling at Pitney Bowes

In other news, CEO Kurt James Wolf sold 160,289 shares of the stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $11.06, for a total transaction of $1,772,796.34. Following the completion of the transaction, the chief executive officer owned 543,211 shares in the company, valued at approximately $6,007,913.66. This represents a 22.78% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Brent D. Rosenthal purchased 4,000 shares of the business’s stock in a transaction dated 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 purchase, the director directly owned 9,000 shares in the company, valued at $91,980. This trade represents a 80.00% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have sold a total of 503,108 shares of company stock valued at $5,355,063 in the last quarter. 6.50% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. State Street Corp grew its stake in shares of Pitney Bowes by 3.1% during the 2nd quarter. State Street Corp now owns 6,366,188 shares of the technology company’s stock worth $69,455,000 after acquiring an additional 188,886 shares during the period. LSV Asset Management lifted its holdings in Pitney Bowes by 246.7% during the 4th quarter. LSV Asset Management now owns 4,197,189 shares of the technology company’s stock worth $44,364,000 after purchasing an additional 2,986,689 shares in the last quarter. Cannell & Spears LLC lifted its holdings in 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 purchasing an additional 1,588,579 shares in the last quarter. Permit Capital LLC lifted its holdings in 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 purchasing an additional 400,000 shares in the last quarter. Finally, Capital Management Corp VA lifted its holdings in Pitney Bowes by 25.3% during the 4th quarter. Capital Management Corp VA now owns 2,930,328 shares of the technology company’s stock worth $30,974,000 after purchasing an additional 592,568 shares in the last quarter. 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.