Pitney Bowes (NYSE:PBI) EVP Sells $342,200.00 in Stock

Pitney Bowes Inc. (NYSE:PBI) EVP Deborah Pfeiffer sold 20,000 shares of the firm’s stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of $17.11, for a total transaction of $342,200.00. Following the transaction, the executive vice president owned 79,223 shares of the company’s stock, valued at approximately $1,355,505.53. This represents a 20.16% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Pitney Bowes Trading Up 0.5%

PBI stock opened at $17.05 on Friday. Pitney Bowes Inc. has a 1-year low of $8.95 and a 1-year high of $19.07. The firm has a market cap of $2.34 billion, a P/E ratio of 13.98, a P/E/G ratio of 0.68 and a beta of 1.64. The business’s 50 day moving average is $17.39 and its 200-day moving average is $15.15.

Pitney Bowes (NYSE:PBI) last issued its earnings results on Wednesday, July 29th. The technology company reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.09. The business had revenue of $451.50 million during the quarter, compared to analysts’ expectations 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 prior year, the firm posted $0.27 EPS. Pitney Bowes has set its FY 2026 guidance at 1.550-1.700 EPS. Sell-side analysts forecast that Pitney Bowes Inc. will post 1.68 EPS for the current year.

Pitney Bowes Dividend Announcement

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

Institutional Trading of Pitney Bowes

Large investors have recently made changes to their positions in the business. Longview Financial Advisors Inc. bought a new position in shares of Pitney Bowes in the first quarter valued at about $26,000. EverSource Wealth Advisors LLC lifted its position in Pitney Bowes by 41.3% during 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. Hantz Financial Services Inc. grew its holdings in Pitney Bowes by 190.9% during the 4th quarter. Hantz Financial Services Inc. now owns 3,747 shares of the technology company’s stock worth $40,000 after acquiring an additional 2,459 shares during the last quarter. UMB Bank n.a. increased its position 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 acquiring an additional 3,225 shares in the last quarter. Finally, Nykredit A S acquired a new stake in Pitney Bowes in the 2nd quarter valued at about $46,000. Institutional investors own 67.88% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Citizens Jmp boosted their target price on shares of Pitney Bowes from $19.00 to $22.00 and gave the company a “market outperform” rating in a research note on Friday, July 31st. Zacks Research upgraded shares of Pitney Bowes from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 10th. The Goldman Sachs Group reissued a “neutral” rating and set a $17.30 price target on shares of Pitney Bowes in a report on Thursday, July 30th. Truist Financial boosted their price target on shares of Pitney Bowes from $15.00 to $18.00 and gave the company a “hold” rating in a research report on Friday, July 31st. Finally, Citigroup reaffirmed a “market outperform” rating on shares of Pitney Bowes in a research note on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $18.45.

About Pitney Bowes

Pitney Bowes Inc (NYSE:PBI) is a global technology, shipping and mailing company that provides solutions for businesses managing physical and digital communications, parcels and mail. Its offerings include mailing and shipping equipment, software, supplies, services and financing options designed to help organizations process, track and deliver items.

The company operates through businesses focused on shipping and mailing technology and presort services. Its products and services include postage meters and other mailroom equipment, cloud-based shipping and mailing software, parcel management tools, address and data services, and outsourced mail processing.