Pitney Bowes Inc. (NYSE:PBI) Receives $16.43 Average PT from Analysts

Pitney Bowes Inc. (NYSE:PBI) has been given a consensus recommendation of “Hold” by the seven brokerages that are presently covering the firm, MarketBeat Ratings reports. Five analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $16.4250.

PBI has been the topic of several research analyst reports. Truist Financial raised their price objective on Pitney Bowes from $11.00 to $15.00 and gave the company a “hold” rating in a research note on Thursday, May 7th. Zacks Research downgraded Pitney Bowes from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 10th. The Goldman Sachs Group set a $15.20 target price on shares of Pitney Bowes in a report on Friday, May 8th. Weiss Ratings upgraded shares of Pitney Bowes from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, May 8th. Finally, Citizens Jmp lifted their price target on shares of Pitney Bowes from $17.00 to $19.00 and gave the company a “market outperform” rating in a report on Friday, June 5th.

Insider Buying and Selling

In other news, EVP Deborah Pfeiffer sold 18,750 shares of the stock in a transaction on Friday, May 29th. The stock was sold at an average price of $16.06, for a total value of $301,125.00. Following the completion of the transaction, the executive vice president directly owned 97,828 shares in the company, valued at approximately $1,571,117.68. This represents a 16.08% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Kurt James Wolf sold 316,280 shares of the stock in a transaction on Tuesday, July 7th. The shares were sold at an average price of $17.10, for a total value of $5,408,388.00. Following the completion of the transaction, the chief executive officer owned 217,930 shares of the company’s stock, valued at $3,726,603. The trade was a 59.21% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 3,349,299 shares of company stock worth $53,287,943 in the last 90 days. Company insiders own 6.50% of the company’s stock.

Hedge Funds Weigh In On Pitney Bowes

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Longview Financial Advisors Inc. acquired a new stake in shares of Pitney Bowes during the first quarter valued at about $26,000. EverSource Wealth Advisors LLC increased its stake in shares of Pitney Bowes by 41.3% in the second quarter. EverSource Wealth Advisors LLC now owns 3,472 shares of the technology company’s stock valued at $38,000 after buying an additional 1,015 shares during the period. Hantz Financial Services Inc. increased its stake in shares of Pitney Bowes by 190.9% in the fourth quarter. Hantz Financial Services Inc. now owns 3,747 shares of the technology company’s stock valued at $40,000 after buying an additional 2,459 shares during the period. UMB Bank n.a. raised its holdings in Pitney Bowes by 404.6% in the 4th quarter. UMB Bank n.a. now owns 4,022 shares of the technology company’s stock valued at $43,000 after buying an additional 3,225 shares during the last quarter. Finally, Canada Pension Plan Investment Board bought a new position in Pitney Bowes in the 2nd quarter valued at approximately $51,000. Institutional investors and hedge funds own 67.88% of the company’s stock.

Pitney Bowes Price Performance

Shares of NYSE:PBI opened at $18.50 on Thursday. Pitney Bowes has a 1 year low of $8.95 and a 1 year high of $18.63. The stock has a market capitalization of $2.51 billion, a price-to-earnings ratio of 17.97, a price-to-earnings-growth ratio of 0.83 and a beta of 1.62. The company’s 50 day simple moving average is $16.84 and its 200 day simple moving average is $13.24.

Pitney Bowes (NYSE:PBI) last released its earnings results on Tuesday, May 5th. The technology company reported $0.47 earnings per share for the quarter, hitting the consensus estimate of $0.47. Pitney Bowes had a negative return on equity of 33.41% and a net margin of 8.92%.The firm had revenue of $477.41 million during the quarter, compared to analysts’ expectations of $471.83 million. During the same period in the prior year, the company earned $0.33 earnings per share. The company’s quarterly revenue was down 3.2% on a year-over-year basis. As a group, analysts anticipate that Pitney Bowes will post 1.62 EPS for the current fiscal year.

Pitney Bowes Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 5th. Shareholders of record on Monday, May 18th were given a $0.01 dividend. The ex-dividend date was Monday, May 18th. 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 38.83%.

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.