Insider Selling: Pitney Bowes (NYSE:PBI) EVP Sells $168,900.00 in Stock

Pitney Bowes Inc. (NYSE:PBI) EVP Todd Everett sold 10,000 shares of the business’s stock in a transaction dated Thursday, September 10th. The stock was sold at an average price of $16.89, for a total transaction of $168,900.00. Following the completion of the transaction, the executive vice president directly owned 86,048 shares of the company’s stock, valued at approximately $1,453,350.72. This represents a 10.41% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Pitney Bowes Price Performance

Shares of Pitney Bowes stock opened at $17.05 on Monday. The firm has a 50 day simple moving average of $17.39 and a 200 day simple moving average of $15.18. Pitney Bowes Inc. has a fifty-two week low of $8.95 and a fifty-two week high of $19.07. The firm has a market cap of $2.34 billion, a P/E ratio of 13.98, a P/E/G ratio of 0.68 and a beta of 1.64.

Pitney Bowes (NYSE:PBI) last announced its quarterly earnings data on Wednesday, July 29th. The technology company reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.09. The firm had revenue of $451.50 million for the quarter, compared to analyst estimates of $453.94 million. Pitney Bowes had a negative return on equity of 31.37% and a net margin of 10.04%.The business’s quarterly revenue was down 2.4% compared to the same quarter last year. During the same period last year, the company earned $0.27 EPS. Pitney Bowes has set its FY 2026 guidance at 1.550-1.700 EPS. On average, sell-side analysts expect that Pitney Bowes Inc. will post 1.68 EPS for the current year.

Pitney Bowes Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 8th. Shareholders of record on Monday, August 10th were issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend was Monday, August 10th. Pitney Bowes’s payout ratio is currently 32.79%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Zacks Research raised shares of Pitney Bowes from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 10th. The Goldman Sachs Group reissued a “neutral” rating and issued a $17.30 price target on shares of Pitney Bowes in a research note on Thursday, July 30th. Citigroup reaffirmed a “market outperform” rating on shares of Pitney Bowes in a research report on Friday, July 31st. Citizens Jmp lifted their target price on Pitney Bowes from $19.00 to $22.00 and gave the company a “market outperform” rating in a research report on Friday, July 31st. Finally, Truist Financial boosted their target price on Pitney Bowes from $15.00 to $18.00 and gave the company a “hold” rating in a research note on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $18.45.

Institutional Investors Weigh In On Pitney Bowes

Several large investors have recently made changes to their positions in the stock. BlackRock Inc. bought a new stake in Pitney Bowes during the second quarter worth $220,473,000. State Street Corp lifted its stake in Pitney Bowes by 3.1% in the second quarter. State Street Corp now owns 6,366,188 shares of the technology company’s stock valued at $69,455,000 after acquiring an additional 188,886 shares during the last quarter. LSV Asset Management grew its position in shares of Pitney Bowes by 246.7% in the 4th quarter. LSV Asset Management now owns 4,197,189 shares of the technology company’s stock valued at $44,364,000 after acquiring an additional 2,986,689 shares during the period. California State Teachers Retirement System grew its position in shares of 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 acquiring an additional 3,252,127 shares during the period. Finally, Permit Capital LLC increased its stake 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 purchasing an additional 400,000 shares during the last quarter. Institutional investors and hedge funds own 67.88% of the company’s stock.

Pitney Bowes Company Profile

Pitney Bowes Inc (NYSE:PBI) is a global technology, shipping and mailing company that provides solutions for businesses managing physical and digital communications, parcels and mail. Its offerings include mailing and shipping equipment, software, supplies, services and financing options designed to help organizations process, track and deliver items.

The company operates through businesses focused on shipping and mailing technology and presort services. Its products and services include postage meters and other mailroom equipment, cloud-based shipping and mailing software, parcel management tools, address and data services, and outsourced mail processing.