Pitney Bowes (NYSE:PBI) Upgraded at Zacks Research

Zacks Research upgraded shares of Pitney Bowes (NYSE:PBI) from a hold rating to a strong-buy rating in a research report report published on Monday morning,Zacks.com reports.

A number of other equities analysts also recently issued reports on the stock. Citizens Jmp initiated coverage on shares of Pitney Bowes in a research note on Wednesday, December 3rd. They set a “market outperform” rating and a $13.00 price objective on the stock. JMP Securities set a $13.00 target price on Pitney Bowes in a research report on Wednesday, December 3rd. The Goldman Sachs Group began coverage on Pitney Bowes in a report on Monday, November 3rd. They issued a “neutral” rating and a $11.00 price target on the stock. Citigroup began coverage on Pitney Bowes in a research report on Wednesday, December 3rd. They issued an “outperform” rating for the company. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Pitney Bowes in a research report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $12.00.

Pitney Bowes Trading Down 1.0%

Shares of Pitney Bowes stock opened at $10.54 on Monday. The stock’s fifty day moving average price is $10.10 and its 200-day moving average price is $10.97. The firm has a market cap of $1.70 billion, a P/E ratio of 23.42, a P/E/G ratio of 0.55 and a beta of 1.32. Pitney Bowes has a 12 month low of $6.88 and a 12 month high of $13.11.

Pitney Bowes (NYSE:PBI) last released its quarterly earnings data on Wednesday, October 29th. The technology company reported $0.31 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.01). Pitney Bowes had a negative return on equity of 38.38% and a net margin of 4.14%.The business had revenue of $459.68 million during the quarter, compared to analysts’ expectations of $467.45 million. The firm’s revenue was down 8.0% compared to the same quarter last year. During the same period last year, the company earned $0.21 earnings per share. Pitney Bowes has set its FY 2025 guidance at 1.300-1.300 EPS. Analysts forecast that Pitney Bowes will post 1.21 earnings per share for the current year.

Pitney Bowes Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 8th. Investors of record on Monday, November 10th were given a dividend of $0.09 per share. This is an increase from Pitney Bowes’s previous quarterly dividend of $0.08. This represents a $0.36 annualized dividend and a yield of 3.4%. The ex-dividend date was Monday, November 10th. Pitney Bowes’s dividend payout ratio (DPR) is 80.00%.

Institutional Investors Weigh In On Pitney Bowes

Hedge funds and other institutional investors have recently made changes to their positions in the company. Cannell & Spears LLC lifted its stake in shares of Pitney Bowes by 89.5% in the third quarter. Cannell & Spears LLC now owns 3,364,466 shares of the technology company’s stock worth $38,389,000 after buying an additional 1,588,579 shares in the last quarter. Alyeska Investment Group L.P. acquired a new stake in Pitney Bowes in the 1st quarter valued at about $11,032,000. LSV Asset Management acquired a new stake in Pitney Bowes in the 3rd quarter valued at about $13,812,000. Hennessy Advisors Inc. purchased a new position in Pitney Bowes in the 2nd quarter worth approximately $12,660,000. Finally, Cibc World Market Inc. boosted its holdings in shares of Pitney Bowes by 2,724.6% during the 3rd quarter. Cibc World Market Inc. now owns 836,071 shares of the technology company’s stock worth $9,540,000 after purchasing an additional 806,471 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 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.