Key Points
- Executive stock sale: Pitney Bowes EVP Deborah Pfeiffer sold 20,000 shares for approximately $342,200 at an average price of $17.11, reducing her direct ownership by 20.16% to 79,223 shares.
- Financial performance: The company reported quarterly earnings of $0.43 per share, beating estimates of $0.34, while revenue declined 2.4% year over year to $451.5 million. Management issued full-year EPS guidance of $1.55 to $1.70.
- Market outlook: Shares opened at $17.19, and analysts give Pitney Bowes a “Moderate Buy” consensus rating with an average price target of $18.45. Institutional investors own 67.88% of the stock.
Pitney Bowes Inc. (NYSE:PBI - Get Free Report) EVP Deborah Pfeiffer sold 20,000 shares of the firm's stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of $17.11, for a total transaction of $342,200.00. Following the completion of the transaction, the executive vice president directly owned 79,223 shares of the company's stock, valued at approximately $1,355,505.53. This trade represents a 20.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.
Pitney Bowes Stock Up 1.2%
Pitney Bowes stock opened at $17.19 on Thursday. The company has a market cap of $2.36 billion, a price-to-earnings ratio of 14.09, a PEG ratio of 0.68 and a beta of 1.64. The firm's fifty day moving average is $17.38 and its 200 day moving average is $15.09. Pitney Bowes Inc. has a 52-week low of $8.95 and a 52-week high of $19.07.
Pitney Bowes (NYSE:PBI - Get Free Report) last released its quarterly earnings data 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 business had revenue of $451.50 million during the quarter, compared to analyst estimates of $453.94 million. During the same quarter last year, the business earned $0.27 earnings per share. Pitney Bowes's quarterly 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. On average, equities research analysts anticipate that Pitney Bowes Inc. will post 1.68 earnings per share for the current fiscal year.
Pitney Bowes Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 8th. Investors of record on Monday, August 10th were issued a $0.01 dividend. The ex-dividend date of this dividend was Monday, August 10th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.2%. Pitney Bowes's dividend payout ratio (DPR) is presently 32.79%.
Institutional Investors Weigh In On Pitney Bowes
Institutional investors have recently made changes to their positions in the company. BlackRock Inc. bought a new position in shares of Pitney Bowes during the second quarter valued at approximately $220,473,000. California State Teachers Retirement System raised its holdings in shares of Pitney Bowes by 1,606.1% in the second quarter. California State Teachers Retirement System now owns 3,454,611 shares of the technology company's stock worth $60,525,000 after buying an additional 3,252,127 shares during the period. LSV Asset Management lifted its stake in shares of 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 acquiring an additional 2,986,689 shares during the last quarter. Bank of New York Mellon Corp bought a new stake in shares of Pitney Bowes during the 2nd quarter worth approximately $28,683,000. Finally, Hsbc Holdings PLC purchased a new position in Pitney Bowes during the 2nd quarter valued at $27,762,000. Institutional investors own 67.88% of the company's stock.
Wall Street Analyst Weigh In
Several research firms recently commented on PBI. Weiss Ratings upgraded Pitney Bowes from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Friday, July 31st. The Goldman Sachs Group restated a "neutral" rating and set a $17.30 price objective on shares of Pitney Bowes in a research report on Thursday, July 30th. Zacks Research raised Pitney Bowes from a "hold" rating to a "strong-buy" rating in a research note on Monday, August 10th. Citizens Jmp lifted their target price on Pitney Bowes from $19.00 to $22.00 and gave the stock a "market outperform" rating in a 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 report on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $18.45.
View Our Latest Stock Report on PBI
About Pitney Bowes
(
Get Free Report)
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.
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