Pitney Bowes (NYSE:PBI) EVP Sells $451,750.00 in Stock

Key Points

• Insider sale: EVP Todd Everett sold 25,000 Pitney Bowes shares for approximately $451,750, reducing his holdings by 20.65% to 96,048 shares.
• Stock and earnings: Shares fell 2.1% to $17.92, while the company reported quarterly EPS of $0.43, beating estimates of $0.34. Revenue declined 2.4% year over year to $451.5 million.
• Analyst outlook: Ratings remain mixed, with three Buy and four Hold recommendations and a consensus price target of $18.45; the company also declared a quarterly dividend of $0.01 per share.

Pitney Bowes Inc. (NYSE:PBI - Get Free Report) EVP Todd Everett sold 25,000 shares of the business's stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $18.07, for a total transaction of $451,750.00. Following the completion of the sale, the executive vice president owned 96,048 shares of the company's stock, valued at approximately $1,735,587.36. This represents a 20.65% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

Pitney Bowes Trading Down 2.1%

Shares of PBI traded down $0.38 during mid-day trading on Thursday, hitting $17.92. The company's stock had a trading volume of 1,542,953 shares, compared to its average volume of 2,760,651. The company's 50-day moving average is $17.47 and its 200-day moving average is $13.95. Pitney Bowes Inc. has a 52-week low of $8.95 and a 52-week high of $19.07. The firm has a market capitalization of $2.46 billion, a price-to-earnings ratio of 14.69, a PEG ratio of 0.74 and a beta of 1.63.

Pitney Bowes (NYSE:PBI - Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The technology company reported $0.43 earnings per share (EPS) 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 net margin of 10.04% and a negative return on equity of 31.37%. Pitney Bowes's revenue was down 2.4% compared to the same quarter last year. During the same period last year, the company posted $0.27 earnings per share. 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

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

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 8th. Stockholders of record on Monday, August 10th will be issued a $0.01 dividend. The ex-dividend date is Monday, August 10th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.2%. Pitney Bowes's dividend payout ratio (DPR) is currently 32.79%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Weiss Ratings raised Pitney Bowes from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Friday, July 31st. Citizens Jmp boosted their target price on shares of Pitney Bowes from $19.00 to $22.00 and gave the stock a "market outperform" rating in a report on Friday, July 31st. Bank of America raised shares of Pitney Bowes from an "underperform" rating to a "neutral" rating and increased their price target for the company from $9.50 to $16.50 in a research report on Monday, May 11th. The Goldman Sachs Group restated a "neutral" rating and issued a $17.30 price target on shares of Pitney Bowes in a report on Thursday, July 30th. Finally, Truist Financial lifted their price objective on shares of Pitney Bowes from $15.00 to $18.00 and gave the stock a "hold" rating in a research report on Friday, July 31st. Three research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $18.45.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Longview Financial Advisors Inc. acquired a new stake in Pitney Bowes in the first quarter worth about $26,000. EverSource Wealth Advisors LLC raised its position in shares of Pitney Bowes by 41.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,472 shares of the technology company's stock valued at $38,000 after purchasing an additional 1,015 shares during the last quarter. Hantz Financial Services Inc. raised its position in shares of Pitney Bowes by 190.9% in the 4th quarter. Hantz Financial Services Inc. now owns 3,747 shares of the technology company's stock valued at $40,000 after purchasing an additional 2,459 shares during the last quarter. UMB Bank n.a. boosted its stake in Pitney Bowes by 404.6% in the 4th quarter. UMB Bank n.a. now owns 4,022 shares of the technology company's stock worth $43,000 after purchasing an additional 3,225 shares in the last quarter. Finally, Canada Pension Plan Investment Board acquired a new stake in Pitney Bowes in the 2nd quarter worth approximately $51,000. 67.88% of the stock is owned by institutional investors and hedge funds.

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.

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