Insider Selling: Pitney Bowes (NYSE:PBI) EVP Sells $451,750.00 in Stock

Pitney Bowes Inc. (NYSE:PBI) EVP Todd Everett sold 25,000 shares of the stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $18.07, for a total value of $451,750.00. Following the completion of the sale, the executive vice president owned 96,048 shares of the company’s stock, valued at $1,735,587.36. This trade represents a 20.65% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Pitney Bowes Price Performance

NYSE:PBI opened at $17.45 on Friday. Pitney Bowes Inc. has a fifty-two week low of $8.95 and a fifty-two week high of $19.07. The stock has a market capitalization of $2.39 billion, a PE ratio of 14.30, a price-to-earnings-growth ratio of 0.70 and a beta of 1.63. The business’s 50-day simple moving average is $17.54 and its 200-day simple moving average is $14.03.

Pitney Bowes (NYSE:PBI) last issued its quarterly earnings data 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. The business had revenue of $451.50 million during the quarter, compared to analyst estimates of $453.94 million. Pitney Bowes had a negative return on equity of 31.37% and a net margin of 10.04%.Pitney Bowes’s quarterly revenue was down 2.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.27 EPS. Pitney Bowes has set its FY 2026 guidance at 1.550-1.700 EPS. On average, research analysts expect that Pitney Bowes Inc. will post 1.68 earnings per share for the current year.

Pitney Bowes Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 8th. Stockholders of record on Monday, August 10th will be given a dividend of $0.01 per share. The ex-dividend date of this dividend is Monday, August 10th. This represents a $0.04 annualized dividend and a dividend yield of 0.2%. Pitney Bowes’s dividend payout ratio is currently 32.79%.

Wall Street Analyst Weigh In

Several research firms recently commented on PBI. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $17.30 price objective on shares of Pitney Bowes in a research report on Thursday, July 30th. Bank of America upgraded Pitney Bowes from an “underperform” rating to a “neutral” rating and increased their target price for the stock from $9.50 to $16.50 in a report on Monday, May 11th. Truist Financial lifted their price target on Pitney Bowes from $15.00 to $18.00 and gave the company a “hold” rating in a research note on Friday, July 31st. Citizens Jmp boosted their price target on Pitney Bowes from $19.00 to $22.00 and gave the company a “market outperform” rating in a report on Friday, July 31st. Finally, Zacks Research cut Pitney Bowes from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 10th. Three research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $18.45.

Institutional Trading of Pitney Bowes

A number of institutional investors have recently made changes to their positions in PBI. BlackRock Inc. acquired a new stake in shares of Pitney Bowes in the second quarter valued at about $220,473,000. LSV Asset Management boosted its position in Pitney Bowes by 246.7% during 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. Bank of New York Mellon Corp bought a new position in Pitney Bowes in the second quarter valued at approximately $28,683,000. Assenagon Asset Management S.A. bought a new position in Pitney Bowes in the first quarter valued at approximately $16,403,000. Finally, Pacer Advisors Inc. acquired a new position in shares of Pitney Bowes during the 1st quarter worth approximately $12,950,000. 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.