Todd Everett Sells 10,000 Shares of Pitney Bowes (NYSE:PBI) Stock

Pitney Bowes Inc. (NYSE:PBI) EVP Todd Everett sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 10th. The shares were sold at an average price of $16.89, for a total value of $168,900.00. Following the completion of the sale, the executive vice president directly owned 86,048 shares of the company’s stock, valued at $1,453,350.72. The trade was a 10.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Pitney Bowes Stock Performance

Shares of Pitney Bowes stock opened at $17.05 on Friday. The stock has a market cap of $2.34 billion, a price-to-earnings ratio of 13.98, a price-to-earnings-growth ratio of 0.68 and a beta of 1.64. The stock has a 50 day moving average price of $17.39 and a 200-day moving average price of $15.15. Pitney Bowes Inc. has a one year low of $8.95 and a one year high of $19.07.

Pitney Bowes (NYSE:PBI) last released its quarterly earnings results on Wednesday, July 29th. The technology company reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.09. The company had revenue of $451.50 million for 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 quarter 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 predict that Pitney Bowes Inc. will post 1.68 earnings per share for the current fiscal year.

Pitney Bowes Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 8th. Stockholders of record on Monday, August 10th 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, August 10th. Pitney Bowes’s dividend payout ratio (DPR) is 32.79%.

Analyst Upgrades and Downgrades

PBI has been the topic of several analyst reports. Zacks Research upgraded shares of Pitney Bowes from a “hold” rating to a “strong-buy” rating in a report on Monday, August 10th. Weiss Ratings raised shares of Pitney Bowes from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, July 31st. Citizens Jmp boosted their target price on Pitney Bowes from $19.00 to $22.00 and gave the company a “market outperform” rating in a research report on Friday, July 31st. Truist Financial upped their target price on Pitney Bowes from $15.00 to $18.00 and gave the company a “hold” rating in a research note on Friday, July 31st. Finally, The Goldman Sachs Group reiterated a “neutral” rating and issued a $17.30 price target on shares of Pitney Bowes in a report on Thursday, July 30th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $18.45.

Institutional Investors Weigh In On Pitney Bowes

Several hedge funds have recently made changes to their positions in PBI. Longview Financial Advisors Inc. purchased a new position in shares of Pitney Bowes during the first quarter valued at $26,000. Nykredit A S purchased a new stake in Pitney Bowes in the second quarter worth about $46,000. Public Employees Retirement System of Ohio purchased a new stake in Pitney Bowes in the second quarter worth about $46,000. IFP Advisors Inc grew its holdings in Pitney Bowes by 5,373.7% during the 2nd quarter. IFP Advisors Inc now owns 3,120 shares of the technology company’s stock worth $55,000 after acquiring an additional 3,063 shares in the last quarter. Finally, Plato Investment Management Ltd bought a new position in Pitney Bowes during the 2nd quarter worth about $55,000. 67.88% of the stock is currently owned by hedge funds and other institutional investors.

Pitney Bowes Company Profile

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.