Pitney Bowes (NYSE:PBI) Issues Quarterly Earnings Results

Pitney Bowes (NYSE:PBI) posted its earnings results on Wednesday. The technology company reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.09, Zacks reports. Pitney Bowes had a negative return on equity of 33.41% and a net margin of 8.92%. Pitney Bowes updated its FY 2026 guidance to 1.550-1.700 EPS.

Pitney Bowes Price Performance

Shares of PBI stock traded down $0.19 during trading hours on Wednesday, reaching $17.64. The company had a trading volume of 1,676,141 shares, compared to its average volume of 2,767,833. Pitney Bowes has a 12 month low of $8.95 and a 12 month high of $18.77. The business has a fifty day simple moving average of $17.17 and a 200-day simple moving average of $13.64. The company has a market cap of $2.39 billion, a price-to-earnings ratio of 17.13, a price-to-earnings-growth ratio of 0.81 and a beta of 1.62.

Pitney Bowes Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 5th. Stockholders of record on Monday, May 18th were paid a $0.01 dividend. The ex-dividend date of this dividend was Monday, May 18th. This represents a $0.04 annualized dividend and a dividend yield of 0.2%. Pitney Bowes’s dividend payout ratio is 38.83%.

Insider Buying and Selling at Pitney Bowes

In related news, CEO Kurt James Wolf sold 316,280 shares of the stock in a transaction on Tuesday, July 7th. The stock was sold at an average price of $17.10, for a total value of $5,408,388.00. Following the completion of the sale, the chief executive officer directly owned 217,930 shares of the company’s stock, valued at approximately $3,726,603. This represents a 59.21% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Deborah Pfeiffer sold 18,750 shares of the firm’s stock in a transaction on Friday, May 29th. The shares were sold at an average price of $16.06, for a total value of $301,125.00. Following the transaction, the executive vice president owned 97,828 shares in the company, valued at approximately $1,571,117.68. This trade represents a 16.08% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 3,349,130 shares of company stock valued at $53,285,535 in the last quarter. 6.50% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Millennium Management LLC grew its position in Pitney Bowes by 60.2% in the 4th quarter. Millennium Management LLC now owns 2,630,801 shares of the technology company’s stock worth $27,808,000 after purchasing an additional 988,653 shares in the last quarter. Invesco Ltd. lifted its position in shares of Pitney Bowes by 29.5% during the 3rd quarter. Invesco Ltd. now owns 2,622,003 shares of the technology company’s stock worth $29,917,000 after buying an additional 597,938 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Pitney Bowes by 34.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,877,315 shares of the technology company’s stock worth $21,418,000 after buying an additional 480,701 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Pitney Bowes by 82.6% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 736,416 shares of the technology company’s stock worth $7,784,000 after buying an additional 333,169 shares during the last quarter. Finally, Norges Bank bought a new position in shares of Pitney Bowes in the fourth quarter valued at approximately $3,499,000. 67.88% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

PBI has been the topic of a number of recent analyst reports. Zacks Research cut Pitney Bowes from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 10th. Bank of America raised Pitney Bowes from an “underperform” rating to a “neutral” rating and lifted their target price for the stock from $9.50 to $16.50 in a report on Monday, May 11th. Weiss Ratings raised shares of Pitney Bowes from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, May 8th. Wall Street Zen raised Pitney Bowes from a “buy” rating to a “strong-buy” rating in a research report on Saturday, April 25th. Finally, The Goldman Sachs Group set a $15.20 price objective on shares of Pitney Bowes in a research note on Friday, May 8th. Two analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $16.43.

Pitney Bowes Company Profile

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.