Citizens Jmp Forecasts Strong Price Appreciation for Pitney Bowes (NYSE:PBI) Stock

Pitney Bowes (NYSE:PBI) had its target price raised by Citizens Jmp from $13.00 to $14.00 in a note issued to investors on Friday,Benzinga reports. The brokerage currently has a “market outperform” rating on the technology company’s stock. Citizens Jmp’s price objective indicates a potential upside of 8.85% from the company’s previous close.

A number of other research analysts also recently issued reports on PBI. Weiss Ratings reiterated a “hold (c)” rating on shares of Pitney Bowes in a research report on Friday, March 27th. Citigroup reiterated an “outperform” rating on shares of Pitney Bowes in a research report on Friday. Bank of America started coverage on shares of Pitney Bowes in a report on Tuesday, February 17th. They set an “underperform” rating and a $9.00 price objective on the stock. Finally, Zacks Research downgraded shares of Pitney Bowes from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 19th. Two analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $11.25.

Pitney Bowes Stock Up 5.7%

Pitney Bowes stock opened at $12.86 on Friday. Pitney Bowes has a 12-month low of $7.75 and a 12-month high of $13.11. The firm’s fifty day moving average is $10.80 and its 200 day moving average is $10.53. The company has a market capitalization of $1.85 billion, a PE ratio of 15.50, a PEG ratio of 0.84 and a beta of 1.39.

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

Insider Buying and Selling at Pitney Bowes

In other Pitney Bowes news, Director Brent D. Rosenthal acquired 4,000 shares of the stock in a transaction on Friday, March 13th. The shares were purchased at an average price of $10.22 per share, for a total transaction of $40,880.00. Following the completion of the acquisition, the director owned 9,000 shares in the company, valued at approximately $91,980. This represents a 80.00% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Kurt James Wolf sold 160,289 shares of the company’s stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $11.06, for a total transaction of $1,772,796.34. Following the transaction, the chief executive officer owned 543,211 shares in the company, valued at approximately $6,007,913.66. The trade was a 22.78% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 502,939 shares of company stock worth $5,352,655. Corporate insiders own 6.50% of the company’s stock.

Institutional Trading of Pitney Bowes

Several institutional investors and hedge funds have recently made changes to their positions in PBI. LSV Asset Management raised its holdings in shares of Pitney Bowes by 246.7% in the fourth quarter. LSV Asset Management now owns 4,197,189 shares of the technology company’s stock valued at $44,364,000 after purchasing an additional 2,986,689 shares during the last quarter. Cannell & Spears LLC raised its holdings 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 valued at $38,389,000 after purchasing an additional 1,588,579 shares during the last quarter. Millennium Management LLC raised its holdings in shares of Pitney Bowes by 60.2% in the fourth quarter. Millennium Management LLC now owns 2,630,801 shares of the technology company’s stock valued at $27,808,000 after purchasing an additional 988,653 shares during the last quarter. Cibc World Market Inc. raised its holdings in shares of Pitney Bowes by 2,724.6% in the third quarter. Cibc World Market Inc. now owns 836,071 shares of the technology company’s stock valued at $9,540,000 after purchasing an additional 806,471 shares during the last quarter. Finally, Mizuho Markets Americas LLC purchased a new stake in shares of Pitney Bowes in the third quarter valued at about $7,683,000. Hedge funds and other institutional investors own 67.88% of the company’s stock.

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.