Pitney Bowes (NYSE:PBI) Stock Rating Lowered by Wall Street Zen

Key Points

• Wall Street Zen downgraded Pitney Bowes from “strong buy” to “buy,” while the broader analyst consensus remains “hold” with an average price target of $18.45.
• Pitney Bowes reported quarterly EPS of $0.43, exceeding estimates of $0.34, but revenue fell 2.4% year over year to $451.5 million, slightly below expectations.
• Insiders sold heavily, including the CEO’s sale of 150,000 shares; insiders sold about $25.9 million worth of stock over the past 90 days.

Pitney Bowes (NYSE:PBI - Get Free Report) was downgraded by research analysts at Wall Street Zen from a "strong-buy" rating to a "buy" rating in a research note issued on Saturday, Wall Street Zen reports.

Several other equities research analysts have also recently weighed in on the company. Citizens Jmp upped their price target on Pitney Bowes from $19.00 to $22.00 and gave the stock a "market outperform" rating in a research note on Friday, July 31st. Citigroup reissued a "market outperform" rating on shares of Pitney Bowes in a research report on Friday, July 31st. Zacks Research lowered Pitney Bowes from a "strong-buy" rating to a "hold" rating in a research report on Friday, October 2nd. Truist Financial boosted their target price on shares of Pitney Bowes from $15.00 to $18.00 and gave the company a "hold" rating in a report on Friday, July 31st. Finally, The Goldman Sachs Group restated a "neutral" rating and set a $17.30 target price on shares of Pitney Bowes in a report on Thursday, July 30th. Three research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat.com, Pitney Bowes presently has a consensus rating of "Hold" and an average price target of $18.45.

Pitney Bowes Stock Performance

• Pitney Bowes NYSE: PBI is Surging, Is it Too Risky?

NYSE PBI opened at $17.35 on Friday. Pitney Bowes has a 52-week low of $8.95 and a 52-week high of $19.07. The company has a market capitalization of $2.38 billion, a P/E ratio of 10.57, a P/E/G ratio of 0.70 and a beta of 1.66. The company has a fifty day moving average of $16.87 and a 200-day moving average of $16.46.

Pitney Bowes (NYSE:PBI - Get Free Report) last posted its quarterly earnings data 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. Pitney Bowes had a negative return on equity of 31.37% and a net margin of 10.04%. The firm had revenue of $451.50 million during the quarter, compared to analysts' expectations of $453.94 million. During the same period in the prior year, the business earned $0.27 EPS. The company's revenue for the quarter was down 2.4% compared to the same quarter last year. Pitney Bowes has set its FY 2026 guidance at 1.550-1.700 EPS. As a group, analysts forecast that Pitney Bowes will post 1.68 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Kurt Wolf sold 150,000 shares of the company's stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $16.16, for a total value of $2,424,000.00. Following the completion of the transaction, the chief executive officer owned 91,321 shares of the company's stock, valued at approximately $1,475,747.36. This represents a 62.16% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Todd A. Everett sold 10,000 shares of the company's stock in a transaction dated Thursday, September 10th. The stock was sold at an average price of $16.89, for a total value of $168,900.00. Following the completion of the transaction, the executive vice president directly owned 86,048 shares of the company's stock, valued at approximately $1,453,350.72. This trade represents a 10.41% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 1,461,767 shares of company stock valued at $25,920,799 over the last 90 days. Company insiders own 6.50% of the company's stock.

Institutional Trading of Pitney Bowes

Institutional investors have recently added to or reduced their stakes in the company. Simplicity Wealth LLC acquired a new position in Pitney Bowes in the 3rd quarter valued at $392,000. Yousif Capital Management LLC increased its stake in shares of Pitney Bowes by 3.1% in the 3rd quarter. Yousif Capital Management LLC now owns 35,048 shares of the technology company's stock worth $572,000 after acquiring an additional 1,060 shares during the last quarter. Wavvest Wealth LLC acquired a new stake in shares of Pitney Bowes in the 3rd quarter worth $1,340,000. Nisa Investment Advisors LLC raised its holdings in shares of Pitney Bowes by 64.2% during the 3rd quarter. Nisa Investment Advisors LLC now owns 13,497 shares of the technology company's stock worth $220,000 after acquiring an additional 5,276 shares during the period. Finally, Robeco Institutional Asset Management B.V. purchased a new position in shares of Pitney Bowes during the 3rd quarter worth $4,451,000. Institutional investors own 67.88% of the company's stock.

Pitney Bowes Company Profile

Pitney Bowes Inc NYSE: PBI is a global technology and services company that helps businesses manage mailing, shipping and related communications. Its offerings include postage meters, mailing systems, shipping software, parcel management tools, address and data services, and equipment financing and support.

The company serves small businesses, large enterprises and government organizations through solutions designed to streamline the preparation, processing and delivery of physical mail and packages.

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