Pitney Bowes Inc. (NYSE:PBI - Get Free Report)'s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $10.51 and traded as high as $11.90. Pitney Bowes shares last traded at $11.8850, with a volume of 1,356,592 shares changing hands.
Wall Street Analyst Weigh In
PBI has been the topic of several analyst reports. Citizens Jmp reiterated a "market outperform" rating and set a $13.00 price target on shares of Pitney Bowes in a research report on Wednesday, February 18th. Weiss Ratings restated a "hold (c)" rating on shares of Pitney Bowes in a research report on Friday, March 27th. Bank of America started coverage on Pitney Bowes in a research note on Tuesday, February 17th. They set an "underperform" rating and a $9.00 target price for the company. Finally, Zacks Research downgraded Pitney Bowes from a "strong-buy" rating to a "hold" rating in a report on Thursday, February 19th. Two investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $11.00.
View Our Latest Stock Analysis on PBI
Pitney Bowes Trading Up 1.2%
The company has a market capitalization of $1.71 billion, a price-to-earnings ratio of 14.32, a P/E/G ratio of 0.81 and a beta of 1.39. The business's 50 day moving average price is $10.73 and its two-hundred day moving average price is $10.51.
Pitney Bowes (NYSE:PBI - Get Free Report) last released its quarterly earnings data on Tuesday, February 17th. The technology company reported $0.45 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.38 by $0.07. The business had revenue of $477.63 million during the quarter, compared to analysts' expectations of $482.47 million. Pitney Bowes had a net margin of 7.65% and a negative return on equity of 36.91%. The firm's quarterly revenue was down 7.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.32 EPS. Pitney Bowes has set its FY 2026 guidance at 1.400-1.600 EPS. Analysts expect that Pitney Bowes Inc. will post 1.21 EPS for the current year.
Pitney Bowes Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Monday, March 30th. Stockholders of record on Friday, February 27th were issued a dividend of $0.09 per share. The ex-dividend date was Friday, February 27th. This represents a $0.36 annualized dividend and a dividend yield of 3.0%. Pitney Bowes's dividend payout ratio is 43.37%.
Insider Buying and Selling at Pitney Bowes
In other Pitney Bowes news, CEO Kurt James Wolf sold 39,919 shares of the stock in a transaction dated Thursday, April 2nd. The stock was sold at an average price of $11.14, for a total value of $444,697.66. Following the completion of the transaction, the chief executive officer directly owned 539,618 shares in the company, valued at approximately $6,011,344.52. This trade represents a 6.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Brent D. Rosenthal purchased 4,000 shares of the business's stock in a transaction dated Friday, March 13th. The shares were purchased at an average cost of $10.22 per share, for a total transaction of $40,880.00. Following the completion of the purchase, the director directly owned 9,000 shares of the company's stock, valued at approximately $91,980. This represents a 80.00% increase in their position. The SEC filing for this purchase provides additional information. In the last three months, insiders have sold 500,901 shares of company stock worth $5,327,464. 6.50% of the stock is currently owned by company insiders.
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC grew its holdings in Pitney Bowes by 41.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,472 shares of the technology company's stock worth $38,000 after acquiring an additional 1,015 shares during the last quarter. Hantz Financial Services Inc. increased its position in 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 acquiring an additional 2,459 shares during the period. UMB Bank n.a. raised its stake in shares of Pitney Bowes by 404.6% during the fourth quarter. UMB Bank n.a. now owns 4,022 shares of the technology company's stock valued at $43,000 after acquiring an additional 3,225 shares during the last quarter. Canada Pension Plan Investment Board acquired a new position in shares of Pitney Bowes during the second quarter worth $51,000. Finally, Copeland Capital Management LLC acquired a new position in shares of Pitney Bowes during the fourth quarter worth $65,000. Institutional investors own 67.88% of the company's stock.
About Pitney Bowes
(
Get Free Report)
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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