Key Points
- Pitney Bowes EVP Todd Everett sold 10,000 shares at an average price of $16.89, generating $168,900 and reducing his position by 10.41% to 86,048 shares.
- Pitney Bowes recently reported quarterly EPS of $0.43, beating estimates of $0.34, although revenue declined 2.4% year over year to $451.5 million. The company provided fiscal 2026 EPS guidance of $1.55–$1.70.
- Analyst sentiment remains generally positive, with a consensus rating of “Moderate Buy” and an average price target of $18.45; institutional investors own 67.88% of the company.
Pitney Bowes Inc. (NYSE:PBI - Get Free Report) EVP Todd Everett sold 10,000 shares of Pitney Bowes stock in a transaction dated Thursday, September 10th. The shares were sold at an average price of $16.89, for a total value of $168,900.00. Following the completion of the sale, the executive vice president owned 86,048 shares of the company's stock, valued at $1,453,350.72. This trade represents a 10.41% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Pitney Bowes Price Performance
NYSE PBI opened at $17.05 on Friday. Pitney Bowes Inc. has a 12 month low of $8.95 and a 12 month high of $19.07. The company has a 50-day moving average of $17.39 and a 200-day moving average of $15.15. The company 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 - Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The technology company reported $0.43 earnings per share for the quarter, topping 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 for the quarter, compared to analyst estimates of $453.94 million. During the same period in the prior year, the firm posted $0.27 EPS. The company's revenue was down 2.4% on a year-over-year basis. Pitney Bowes has set its FY 2026 guidance at 1.550-1.700 EPS. As a group, equities research analysts anticipate that Pitney Bowes Inc. will post 1.68 EPS for the current year.
Pitney Bowes Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Tuesday, September 8th. Shareholders of record on Monday, August 10th were paid a dividend of $0.01 per share. The ex-dividend date of this dividend was Monday, August 10th. This represents a $0.04 dividend on an annualized basis and a yield of 0.2%. Pitney Bowes's dividend payout ratio (DPR) is currently 32.79%.
Hedge Funds Weigh In On Pitney Bowes
Hedge funds have recently made changes to their positions in the business. Engineers Gate Manager LP lifted its holdings in shares of Pitney Bowes by 474.9% during the 2nd quarter. Engineers Gate Manager LP now owns 163,860 shares of the technology company's stock valued at $2,871,000 after acquiring an additional 135,357 shares in the last quarter. IFP Advisors Inc raised its position in Pitney Bowes by 5,373.7% in the second quarter. IFP Advisors Inc now owns 3,120 shares of the technology company's stock valued at $55,000 after purchasing an additional 3,063 shares during the period. Nykredit A S purchased a new position in Pitney Bowes in the second quarter valued at about $46,000. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of Pitney Bowes during the second quarter worth about $301,000. Finally, California State Teachers Retirement System lifted its stake in shares of Pitney Bowes by 1,606.1% during 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 purchasing an additional 3,252,127 shares in the last quarter. Hedge funds and other institutional investors own 67.88% of the company's stock.
Analyst Upgrades and Downgrades
Several analysts have recently issued reports on the stock. Citizens Jmp boosted their price objective on shares of Pitney Bowes from $19.00 to $22.00 and gave the company a "market outperform" rating in a research note on Friday, July 31st. Weiss Ratings upgraded Pitney Bowes from a "hold (c+)" rating to a "buy (b-)" rating in a report on Friday, July 31st. Zacks Research upgraded Pitney Bowes from a "hold" rating to a "strong-buy" rating in a research note on Monday, August 10th. Citigroup restated a "market outperform" rating on shares of Pitney Bowes in a report on Friday, July 31st. Finally, The Goldman Sachs Group reiterated a "neutral" rating and set a $17.30 target price on shares of Pitney Bowes in a report on Thursday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $18.45.
View Our Latest Analysis on PBI
About Pitney Bowes
(
Get Free Report)
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.
Further Reading
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