Pitney Bowes Inc. (NYSE:PBI – Get Free Report)’s stock price traded down 9.1% on Wednesday . The company traded as low as $14.03 and last traded at $14.12. 1,274,397 shares changed hands during mid-day trading, a decline of 54% from the average session volume of 2,747,939 shares. The stock had previously closed at $15.54.
Key Pitney Bowes News
Here are the key news stories impacting Pitney Bowes this week:
- Positive Sentiment: Sidoti raised several Pitney Bowes earnings estimates for 2026 and 2027, including full-year FY2026 and FY2027 forecasts, signaling improving profit expectations. Sidoti analyst estimate updates for Pitney Bowes
- Positive Sentiment: Pitney Bowes was added to the Zacks Rank #1 (Strong Buy) momentum list, which may draw trader and momentum investor interest. New Strong Buy Stocks for May 8th
- Positive Sentiment: Another Zacks note highlighted PBI as a possible near-term surge candidate, citing solid earnings estimate revisions. Why Pitney Bowes Might Be Well Poised for a Surge
- Positive Sentiment: The company’s recent earnings results were solid, with adjusted EPS meeting expectations and revenue coming in above forecasts, reinforcing the case for better fundamentals. Pitney Bowes Q1 2026 Earnings Transcript
- Neutral Sentiment: Yahoo Finance also published a piece asking whether the current valuation already reflects Pitney Bowes’ strong multi-year share price performance, suggesting debate about upside versus full pricing. Is Pitney Bowes Pricing Reflecting Its Strong Multi Year Share Price Performance
- Negative Sentiment: There was also a report framing PBI as trading lower earlier, likely reflecting short-term profit-taking or mixed market reaction to the news flow. Why Pitney Bowes stock is trading lower today
Wall Street Analysts Forecast Growth
PBI has been the subject of several research reports. The Goldman Sachs Group set a $15.20 target price on Pitney Bowes in a research note on Friday. Wall Street Zen upgraded shares of Pitney Bowes from a “buy” rating to a “strong-buy” rating in a research report on Saturday, April 25th. Truist Financial lifted their price objective on shares of Pitney Bowes from $11.00 to $15.00 and gave the stock a “hold” rating in a research note on Thursday. Bank of America initiated coverage on shares of Pitney Bowes in a research note on Tuesday, February 17th. They set an “underperform” rating and a $9.00 target price for the company. Finally, Citizens Jmp raised their target price on shares of Pitney Bowes from $13.00 to $14.00 and gave the stock a “market outperform” rating in a report on Friday, April 17th. Two analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Pitney Bowes currently has a consensus rating of “Hold” and an average price target of $13.30.
Pitney Bowes Trading Up 0.7%
The stock has a 50-day moving average of $11.94 and a two-hundred day moving average of $10.87. The firm has a market cap of $2.25 billion, a price-to-earnings ratio of 15.23, a price-to-earnings-growth ratio of 0.96 and a beta of 1.64.
Pitney Bowes (NYSE:PBI – Get Free Report) last posted its quarterly earnings data on Tuesday, May 5th. The technology company reported $0.47 EPS for the quarter, meeting analysts’ consensus estimates of $0.47. The company had revenue of $477.41 million during the quarter, compared to analyst estimates of $471.83 million. Pitney Bowes had a net margin of 8.92% and a negative return on equity of 33.41%. The business’s quarterly revenue was down 3.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.33 earnings per share. Sell-side analysts expect that Pitney Bowes Inc. will post 1.58 EPS for the current fiscal year.
Pitney Bowes Cuts Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 5th. Stockholders of record on Monday, May 18th will be issued a $0.01 dividend. The ex-dividend date is Monday, May 18th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.3%. Pitney Bowes’s dividend payout ratio is presently 34.95%.
Insider Buying and Selling at Pitney Bowes
In related news, CEO Kurt James Wolf sold 389,161 shares of the stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $15.69, for a total value of $6,105,936.09. Following the completion of the sale, the chief executive officer directly owned 363,853 shares of the company’s stock, valued at approximately $5,708,853.57. This represents a 51.68% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Brent D. Rosenthal acquired 4,000 shares of the firm’s stock in a transaction on Friday, March 13th. The shares were acquired at an average price of $10.22 per share, with a total value of $40,880.00. Following the completion of the transaction, the director directly owned 9,000 shares in the company, valued at approximately $91,980. This trade represents a 80.00% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last ninety days, insiders sold 2,456,054 shares of company stock valued at $34,864,180. 6.50% of the stock is currently owned by insiders.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in PBI. EverSource Wealth Advisors LLC lifted its position in Pitney Bowes by 41.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,472 shares of the technology company’s stock worth $38,000 after buying an additional 1,015 shares in the last quarter. Advisory Services Network LLC raised its holdings in shares of Pitney Bowes by 2.4% during the third quarter. Advisory Services Network LLC now owns 52,975 shares of the technology company’s stock worth $604,000 after acquiring an additional 1,234 shares in the last quarter. Baird Financial Group Inc. boosted its position in Pitney Bowes by 12.5% during the second quarter. Baird Financial Group Inc. now owns 13,164 shares of the technology company’s stock valued at $144,000 after purchasing an additional 1,459 shares during the last quarter. Amalgamated Bank grew its stake in Pitney Bowes by 3.4% in the third quarter. Amalgamated Bank now owns 46,680 shares of the technology company’s stock valued at $533,000 after purchasing an additional 1,555 shares in the last quarter. Finally, Stratos Wealth Partners LTD. increased its position in Pitney Bowes by 17.6% in the 3rd quarter. Stratos Wealth Partners LTD. now owns 11,993 shares of the technology company’s stock worth $137,000 after purchasing an additional 1,799 shares during the last quarter. 67.88% of the stock is owned by hedge funds and other institutional investors.
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.
See Also
Receive News & Ratings for Pitney Bowes Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pitney Bowes and related companies with MarketBeat.com's FREE daily email newsletter.
