Pitney Bowes (NYSE:PBI) Stock Crosses Above 200 Day Moving Average – Should You Sell?

Pitney Bowes Inc. (NYSE:PBI)’s stock price passed above its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of $15.92 and traded as high as $16.85. Pitney Bowes shares last traded at $16.5260, with a volume of 1,239,532 shares.

Analysts Set New Price Targets

PBI has been the topic of several recent research reports. Zacks Research cut shares of Pitney Bowes from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 2nd. Truist Financial lifted their price target on Pitney Bowes from $15.00 to $18.00 and gave the stock a “hold” rating in a research report on Friday, July 31st. Weiss Ratings raised Pitney Bowes from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, July 31st. Citigroup reaffirmed a “market outperform” rating on shares of Pitney Bowes in a research note on Friday, July 31st. Finally, The Goldman Sachs Group reiterated a “neutral” rating and issued a $17.30 target price on shares of Pitney Bowes in a report on Thursday, July 30th. Three equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $18.45.

Pitney Bowes Stock Performance

The company’s fifty day moving average price is $16.94 and its 200-day moving average price is $15.97. The stock has a market cap of $2.33 billion, a P/E ratio of 13.93, a price-to-earnings-growth ratio of 0.66 and a beta of 1.66.

Pitney Bowes (NYSE:PBI) last issued its quarterly earnings results on Wednesday, July 29th. The technology company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.34 by $0.09. Pitney Bowes had a net margin of 10.04% and a negative return on equity of 31.37%. The company had revenue of $451.50 million for the quarter, compared to the consensus estimate of $453.94 million. During the same period in the prior year, the firm posted $0.27 EPS. The firm’s revenue was down 2.4% compared to the same quarter last year. Pitney Bowes has set its FY 2026 guidance at 1.550-1.700 EPS. Analysts anticipate that Pitney Bowes Inc. will post 1.68 earnings per share for the current fiscal year.

Pitney Bowes Dividend Announcement

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

Insider Buying and Selling

In other Pitney Bowes news, EVP Todd A. Everett sold 10,000 shares of the stock in a transaction on Thursday, September 10th. The stock was sold at an average price of $16.89, for a total value of $168,900.00. Following the sale, the executive vice president owned 86,048 shares in the company, valued at $1,453,350.72. This trade represents a 10.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Kurt Wolf sold 150,000 shares of Pitney Bowes stock in a transaction on Thursday, October 1st. The stock was sold at an average price of $16.16, for a total value of $2,424,000.00. Following the sale, the chief executive officer owned 91,321 shares of the company’s stock, valued at approximately $1,475,747.36. This trade represents a 62.16% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 1,461,767 shares of company stock valued at $25,920,799. Insiders own 6.50% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in PBI. BlackRock Inc. bought a new stake in Pitney Bowes during the 2nd quarter valued at about $220,473,000. Bank of New York Mellon Corp bought a new stake in shares of Pitney Bowes during the second quarter valued at approximately $28,683,000. Hsbc Holdings PLC bought a new stake in shares of Pitney Bowes during the second quarter valued at approximately $27,762,000. Dimensional Fund Advisors LP boosted its holdings in shares of Pitney Bowes by 9.0% in the first quarter. Dimensional Fund Advisors LP now owns 2,331,315 shares of the technology company’s stock valued at $25,760,000 after purchasing an additional 193,145 shares during the period. Finally, Assenagon Asset Management S.A. purchased a new stake in shares of Pitney Bowes in the first quarter valued at approximately $16,403,000. 67.88% of the stock is currently owned by institutional investors.

Pitney Bowes Company Profile

Pitney Bowes Inc (NYSE:PBI) is a technology, mailing and shipping services company that helps businesses manage physical and digital communications, postage and parcel delivery. Its offerings include postage meters, mailing systems, shipping software, parcel lockers and related supplies, financing and support services.

The company’s products are designed for organizations ranging from small businesses to large enterprises and government agencies. Its SendPro platform integrates postage purchasing, carrier selection, shipping labels, tracking and reporting, while Pitney Bowes also provides solutions for mailroom operations, document management and transactional communications.

Founded in 1920 by Arthur Pitney and Walter Bowes, the company initially became known for its postage-meter technology, which helped automate the mailing process.