Pitney Bowes (NYSE:PBI) Share Price Crosses Above 200-Day Moving Average – Time to Sell?

Pitney Bowes Inc. (NYSE:PBI)’s stock price passed above its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $15.57 and traded as high as $16.42. Pitney Bowes shares last traded at $16.3740, with a volume of 969,651 shares changing hands.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on PBI shares. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $17.30 price objective on shares of Pitney Bowes in a research report on Thursday, July 30th. Zacks Research raised Pitney Bowes from a “hold” rating to a “strong-buy” rating in a report on Monday, August 10th. Citigroup restated a “market outperform” rating on shares of Pitney Bowes in a research note on Friday, July 31st. Weiss Ratings raised Pitney Bowes from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, July 31st. Finally, Truist Financial upped their price objective on Pitney Bowes from $15.00 to $18.00 and gave the stock a “hold” rating in a research report on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $18.45.

Pitney Bowes Stock Performance

The firm’s 50-day moving average price is $17.19 and its two-hundred day moving average price is $15.58. The firm has a market cap of $2.25 billion, a PE ratio of 13.45, a P/E/G ratio of 0.66 and a beta of 1.64.

Pitney Bowes (NYSE:PBI) last posted its earnings results on Wednesday, July 29th. The technology company reported $0.43 EPS for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $451.50 million for the quarter, compared to the consensus estimate of $453.94 million. During the same period last year, the firm posted $0.27 EPS. 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, sell-side analysts predict that Pitney Bowes Inc. will post 1.68 earnings per share for the current fiscal year.

Pitney Bowes Dividend Announcement

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

Insider Transactions at Pitney Bowes

In related news, EVP Todd A. Everett sold 10,000 shares of the firm’s stock in a transaction that occurred 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 owned 86,048 shares in the company, valued at $1,453,350.72. This trade represents a 10.41% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Deborah Pfeiffer sold 20,000 shares of Pitney Bowes stock in a transaction that occurred on Tuesday, September 8th. The stock was sold at an average price of $17.11, for a total value of $342,200.00. Following the transaction, the executive vice president directly owned 79,223 shares in the company, valued at approximately $1,355,505.53. This trade represents a 20.16% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 1,833,908 shares of company stock worth $32,374,297. Corporate insiders own 6.50% of the company’s stock.

Hedge Funds Weigh In On Pitney Bowes

A number of hedge funds have recently modified their holdings of the business. BlackRock Inc. purchased a new stake in Pitney Bowes in the 2nd quarter valued at $220,473,000. Permit Capital LLC grew its position in Pitney Bowes by 14.0% during the 4th quarter. Permit Capital LLC now owns 3,250,000 shares of the technology company’s stock worth $34,352,000 after purchasing an additional 400,000 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Pitney Bowes by 9.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,331,315 shares of the technology company’s stock worth $25,760,000 after purchasing an additional 193,145 shares during the last quarter. Bank of New York Mellon Corp acquired a new position in Pitney Bowes in the second quarter valued at $28,683,000. Finally, Hsbc Holdings PLC acquired a new position in Pitney Bowes in the second quarter valued at $27,762,000. 67.88% of the stock is currently owned by hedge funds and other institutional investors.

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.