Pitney Bowes (NYSE:PBI) Price Target Raised to $22.00 at Citizens Jmp

Pitney Bowes (NYSE:PBI) had its price target upped by Citizens Jmp from $19.00 to $22.00 in a research note published on Friday morning,Benzinga reports. The brokerage currently has a market outperform rating on the technology company’s stock.

Several other research firms have also weighed in on PBI. The Goldman Sachs Group reissued a “neutral” rating and issued a $17.30 price objective on shares of Pitney Bowes in a research report on Thursday. Zacks Research lowered Pitney Bowes from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 10th. Weiss Ratings raised Pitney Bowes from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, May 8th. Truist Financial lifted their target price on Pitney Bowes from $11.00 to $15.00 and gave the stock a “hold” rating in a report on Thursday, May 7th. Finally, Wall Street Zen upgraded Pitney Bowes from a “buy” rating to a “strong-buy” rating in a report on Saturday, April 25th. Two research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $18.45.

Pitney Bowes Stock Down 3.4%

PBI opened at $17.52 on Friday. Pitney Bowes has a twelve month low of $8.95 and a twelve month high of $19.07. The company has a fifty day moving average of $17.31 and a 200-day moving average of $13.77. The stock has a market cap of $2.37 billion, a PE ratio of 14.36, a price-to-earnings-growth ratio of 0.81 and a beta of 1.62.

Pitney Bowes (NYSE:PBI) last released its earnings results on Wednesday, July 29th. The technology company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.09. The business had revenue of $451.50 million for the quarter, compared to analyst estimates of $453.94 million. Pitney Bowes had a net margin of 10.04% and a negative return on equity of 31.37%. Pitney Bowes’s revenue for the quarter was down 2.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.27 earnings per share. Pitney Bowes has set its FY 2026 guidance at 1.550-1.700 EPS. Sell-side analysts anticipate that Pitney Bowes will post 1.62 EPS for the current fiscal year.

Pitney Bowes Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 8th. Shareholders of record on Monday, August 10th will be paid a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend is Monday, August 10th. Pitney Bowes’s payout ratio is 32.79%.

Insider Buying and Selling at Pitney Bowes

In other news, CEO Kurt James Wolf sold 966,561 shares of the stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $14.58, for a total transaction of $14,092,459.38. Following the transaction, the chief executive officer owned 452,628 shares of the company’s stock, valued at $6,599,316.24. This represents a 68.11% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders have sold a total of 3,349,130 shares of company stock worth $53,285,535 in the last quarter. 6.50% of the stock is currently owned by corporate insiders.

Institutional Trading of Pitney Bowes

Large investors have recently made changes to their positions in the company. State Street Corp raised its stake in 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 buying an additional 188,886 shares during the period. LSV Asset Management boosted its holdings in Pitney Bowes by 246.7% in the fourth quarter. LSV Asset Management now owns 4,197,189 shares of the technology company’s stock worth $44,364,000 after acquiring an additional 2,986,689 shares in the last quarter. Permit Capital LLC grew its stake in Pitney Bowes by 14.0% in the fourth quarter. Permit Capital LLC now owns 3,250,000 shares of the technology company’s stock valued at $34,352,000 after acquiring an additional 400,000 shares during the period. Capital Management Corp VA grew its stake 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 valued at $30,974,000 after acquiring an additional 592,568 shares during the period. Finally, Millennium Management LLC grew its stake in Pitney Bowes by 60.2% in the fourth quarter. Millennium Management LLC now owns 2,630,801 shares of the technology company’s stock valued at $27,808,000 after acquiring an additional 988,653 shares during the period. 67.88% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting Pitney Bowes

Here are the key news stories impacting Pitney Bowes this week:

• Positive Sentiment: Pitney Bowes reported second-quarter adjusted earnings of $0.43 per share, well above the $0.34 consensus estimate and up from $0.27 a year earlier. Lower costs and stronger SendTech profits helped offset weakness elsewhere. Pitney Bowes Q2 earnings beat
• Positive Sentiment: Management raised its 2026 adjusted EPS guidance to $1.55-$1.70 and emphasized debt reduction, execution improvements and targeted growth initiatives, supporting the company’s improving earnings outlook. PBI Q2 earnings call highlights
• Positive Sentiment: Citizens JMP raised its price target from $19 to $22 and maintained a “market outperform” rating. Sidoti also increased its Q2 2027 EPS estimate to $0.45 from $0.35 and its FY2027 estimate to $1.80 from $1.70, signaling greater confidence in future earnings. Citizens JMP price target update
• Neutral Sentiment: Analysts and financial commentators are assessing whether PBI remains undervalued based on earnings revisions, valuation, growth and momentum factors. A strategic review may also provide additional options, although specific outcomes were not reported. Is Pitney Bowes stock undervalued?
• Neutral Sentiment: Pitney Bowes declared a quarterly dividend of $0.01 per share, with an annualized yield of approximately 0.2%. The payment is modest and is unlikely to be a major stock-price catalyst. Pitney Bowes dividend information
• Negative Sentiment: Second-quarter revenue was $451.5 million, below the $453.95 million consensus estimate and down 2.4% year over year. Persistent weakness in the Presort business remains a concern, limiting the impact of the earnings beat. Pitney Bowes Q2 earnings and revenue report

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.