Pitney Bowes Inc. (NYSE:PBI) Given Consensus Rating of “Moderate Buy” by Brokerages

Pitney Bowes Inc. (NYSE:PBI) has received a consensus recommendation of “Moderate Buy” from the seven ratings firms that are currently covering the stock, Marketbeat reports. Four equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $16.4250.

A number of equities research analysts have commented on the company. Truist Financial lifted their target price on Pitney Bowes from $11.00 to $15.00 and gave the company a “hold” rating in a research report on Thursday, May 7th. Wall Street Zen upgraded Pitney Bowes from a “buy” rating to a “strong-buy” rating in a research report on Saturday, April 25th. Citizens Jmp lifted their target price on Pitney Bowes from $17.00 to $19.00 and gave the company a “market outperform” rating in a research report on Friday, June 5th. Zacks Research upgraded Pitney Bowes from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 7th. Finally, Weiss Ratings upgraded Pitney Bowes from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, May 8th.

Insider Buying and Selling at Pitney Bowes

In related news, CEO Kurt James Wolf sold 322,829 shares of the business’s stock in a transaction on Friday, June 12th. The stock was sold at an average price of $17.40, for a total value of $5,617,224.60. Following the sale, the chief executive officer owned 264,922 shares in the company, valued at approximately $4,609,642.80. The trade was a 54.93% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Deborah Pfeiffer sold 18,750 shares of the business’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 completion of the sale, the executive vice president owned 97,828 shares in the company, valued at $1,571,117.68. This represents a 16.08% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 3,030,097 shares of company stock worth $46,661,100 in the last quarter. Company insiders own 6.50% of the company’s stock.

Institutional Investors Weigh In On Pitney Bowes

Several institutional investors and hedge funds have recently modified their holdings of the company. Capital Management Corp VA increased its holdings in Pitney Bowes by 25.3% during the 4th quarter. Capital Management Corp VA now owns 2,930,328 shares of the technology company’s stock worth $30,974,000 after purchasing an additional 592,568 shares during the period. TABR Capital Management LLC purchased a new stake in Pitney Bowes during the 4th quarter worth about $807,000. WINTON GROUP Ltd increased its holdings in Pitney Bowes by 3,377.0% during the 3rd quarter. WINTON GROUP Ltd now owns 473,223 shares of the technology company’s stock worth $5,399,000 after purchasing an additional 459,613 shares during the period. Intech Investment Management LLC increased its holdings in Pitney Bowes by 130.6% during the 3rd quarter. Intech Investment Management LLC now owns 464,679 shares of the technology company’s stock worth $5,302,000 after purchasing an additional 263,173 shares during the period. Finally, Neo Ivy Capital Management purchased a new stake in Pitney Bowes during the 3rd quarter worth about $3,962,000. Hedge funds and other institutional investors own 67.88% of the company’s stock.

Pitney Bowes Stock Up 0.8%

NYSE:PBI opened at $17.52 on Friday. Pitney Bowes has a 52 week low of $8.95 and a 52 week high of $18.10. The company has a market capitalization of $2.37 billion, a P/E ratio of 17.01, a P/E/G ratio of 0.78 and a beta of 1.63. The stock’s fifty day moving average is $15.90 and its two-hundred day moving average is $12.44.

Pitney Bowes (NYSE:PBI) last posted its earnings results on Tuesday, May 5th. The technology company reported $0.47 EPS for the quarter, meeting analysts’ consensus estimates of $0.47. Pitney Bowes had a negative return on equity of 33.41% and a net margin of 8.92%.The company had revenue of $477.41 million for the quarter, compared to the consensus estimate of $471.83 million. During the same quarter in the previous year, the business earned $0.33 earnings per share. The company’s revenue for the quarter was down 3.2% on a year-over-year basis. Sell-side analysts anticipate that Pitney Bowes will post 1.62 earnings per share for the current fiscal year.

Pitney Bowes Cuts Dividend

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

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.