Pitney Bowes Inc. (NYSE:PBI) Receives $11.00 Consensus PT from Brokerages

Shares of Pitney Bowes Inc. (NYSE:PBI) have earned a consensus rating of “Hold” from the eight ratings firms that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $11.00.

Several research firms have issued reports on PBI. Truist Financial assumed coverage on Pitney Bowes in a report on Friday, December 12th. They set a “hold” rating and a $11.00 price objective on the stock. Citizens Jmp reiterated a “market outperform” rating and set a $13.00 target price on shares of Pitney Bowes in a research note on Wednesday, February 18th. Bank of America initiated coverage on shares of Pitney Bowes in a research report on Tuesday, February 17th. They set an “underperform” rating and a $9.00 price target for the company. Weiss Ratings restated a “hold (c)” rating on shares of Pitney Bowes in a research note on Monday, December 29th. Finally, Citigroup assumed coverage on shares of Pitney Bowes in a report on Wednesday, December 3rd. They issued an “outperform” rating on the stock.

Insider Activity

In other news, CEO Kurt James Wolf sold 150,000 shares of the company’s stock in a transaction dated Wednesday, March 11th. The shares were sold at an average price of $10.38, for a total value of $1,557,000.00. Following the sale, the chief executive officer owned 557,637 shares in the company, valued at approximately $5,788,272.06. This represents a 21.20% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 9.00% of the company’s stock.

Institutional Trading of Pitney Bowes

Hedge funds and other institutional investors have recently bought and sold shares of the company. State Street Corp raised its stake in Pitney Bowes by 3.1% during the second quarter. State Street Corp now owns 6,366,188 shares of the technology company’s stock valued at $69,455,000 after buying an additional 188,886 shares in the last quarter. LSV Asset Management increased its holdings 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 last quarter. Geode Capital Management LLC increased its holdings in shares of Pitney Bowes by 6.4% in the 2nd quarter. Geode Capital Management LLC now owns 4,012,086 shares of the technology company’s stock valued at $43,777,000 after acquiring an additional 240,544 shares during the last quarter. Cannell & Spears LLC raised its position in shares of Pitney Bowes by 89.5% during the 3rd quarter. Cannell & Spears LLC now owns 3,364,466 shares of the technology company’s stock valued at $38,389,000 after acquiring an additional 1,588,579 shares in the last quarter. Finally, Permit Capital LLC raised its position 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 valued at $34,352,000 after acquiring an additional 400,000 shares in the last quarter. 67.88% of the stock is owned by institutional investors.

Pitney Bowes Price Performance

Shares of Pitney Bowes stock opened at $10.16 on Friday. The business has a 50-day moving average of $10.48 and a 200-day moving average of $10.64. The company has a market capitalization of $1.52 billion, a PE ratio of 12.23, a P/E/G ratio of 0.70 and a beta of 1.42. Pitney Bowes has a 1-year low of $7.39 and a 1-year high of $13.11.

Pitney Bowes (NYSE:PBI) last announced its earnings results on Tuesday, February 17th. The technology company reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.07. The business had revenue of $477.63 million for the quarter, compared to analyst estimates of $482.47 million. Pitney Bowes had a negative return on equity of 36.91% and a net margin of 7.65%.The company’s revenue for the quarter was down 7.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.32 earnings per share. Pitney Bowes has set its FY 2026 guidance at 1.400-1.600 EPS. On average, equities analysts expect that Pitney Bowes will post 1.21 earnings per share for the current fiscal year.

Pitney Bowes Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 30th. Stockholders of record on Friday, February 27th will be given a $0.09 dividend. The ex-dividend date of this dividend is Friday, February 27th. This represents a $0.36 annualized dividend and a dividend yield of 3.5%. Pitney Bowes’s payout ratio is presently 43.37%.

About Pitney Bowes

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.