Pitney Bowes (NYSE:PBI) Stock Rating Lowered by Wall Street Zen

Pitney Bowes (NYSE:PBI) was downgraded by equities research analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Saturday, Wall Street Zen reports.

A number of other research firms also recently weighed in on PBI. The Goldman Sachs Group reissued a “neutral” rating and issued a $17.30 target price on shares of Pitney Bowes in a report on Thursday, July 30th. Citizens Jmp raised their price objective on Pitney Bowes from $19.00 to $22.00 and gave the stock a “market outperform” rating in a research note on Friday, July 31st. Zacks Research downgraded Pitney Bowes from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 2nd. Citigroup reiterated a “market outperform” rating on shares of Pitney Bowes in a research note on Friday, July 31st. Finally, Weiss Ratings upgraded shares of Pitney Bowes from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, October 8th. Three research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, Pitney Bowes has an average rating of “Hold” and a consensus target price of $18.45.

Pitney Bowes Stock Up 0.0%

PBI opened at $17.35 on Friday. The business’s fifty day simple moving average is $16.87 and its 200 day simple moving average is $16.50. Pitney Bowes has a 52 week low of $8.95 and a 52 week high of $19.07. The stock has a market cap of $2.38 billion, a PE ratio of 14.22, a P/E/G ratio of 0.70 and a beta of 1.66.

Pitney Bowes (NYSE:PBI) last posted its quarterly earnings results on Wednesday, July 29th. The technology company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.09. Pitney Bowes had a net margin of 10.04% and a negative return on equity of 31.37%. The business had revenue of $451.50 million during the quarter, compared to analyst estimates of $453.94 million. During the same period in the prior year, the business posted $0.27 earnings per share. The company’s revenue was down 2.4% on a year-over-year basis. Pitney Bowes has set its FY 2026 guidance at 1.550-1.700 EPS. As a group, equities analysts anticipate that Pitney Bowes will post 1.68 earnings per share for the current year.

Insider Buying and Selling at Pitney Bowes

In other news, EVP Todd A. Everett sold 10,000 shares of the company’s stock in a transaction on Thursday, September 10th. The stock was sold at an average price of $16.89, for a total transaction of $168,900.00. Following the transaction, the executive vice president directly owned 86,048 shares of the company’s stock, valued at approximately $1,453,350.72. This represents a 10.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Kurt Wolf sold 150,000 shares of the stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $16.16, for a total value of $2,424,000.00. Following the sale, the chief executive officer owned 91,321 shares of the company’s stock, valued at approximately $1,475,747.36. This represents a 62.16% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 1,461,767 shares of company stock worth $25,920,799 over the last three months. Corporate insiders own 6.50% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in PBI. BlackRock Inc. acquired a new position in Pitney Bowes in the 2nd quarter worth approximately $220,473,000. Dimensional Fund Advisors LP raised its position in shares of Pitney Bowes by 9.0% in the first quarter. Dimensional Fund Advisors LP now owns 2,331,315 shares of the technology company’s stock worth $25,760,000 after acquiring an additional 193,145 shares during the period. Bank of New York Mellon Corp acquired a new position in shares of Pitney Bowes in the second quarter worth about $28,683,000. Hsbc Holdings PLC purchased a new stake in shares of Pitney Bowes during the 2nd quarter worth about $27,762,000. Finally, Assenagon Asset Management S.A. acquired a new stake in shares of Pitney Bowes during the 1st quarter valued at about $16,403,000. 67.88% of the stock is currently owned by hedge funds and other institutional investors.

Pitney Bowes Company Profile

Pitney Bowes Inc (NYSE:PBI) is a global technology and services company that helps businesses manage mailing, shipping and related communications. Its offerings include postage meters, mailing systems, shipping software, parcel management tools, address and data services, and equipment financing and support.

The company serves small businesses, large enterprises and government organizations through solutions designed to streamline the preparation, processing and delivery of physical mail and packages.