Pitney Bowes (NYSE:PBI) Share Price Crosses Above Two Hundred Day Moving Average - Time to Sell?

Key Points

• Pitney Bowes shares moved above their 200-day moving average, reaching $16.85 before trading near $16.53, though the stock remained down 1.7% and below its 50-day moving average of $16.97.
• Analysts maintain a generally cautious outlook, with an average “Hold” rating and an $18.45 price target. Recent quarterly results exceeded EPS expectations, but revenue declined 2.4% year over year.
• Insider selling is notable: executives sold 1.46 million shares worth approximately $25.9 million over the past three months, while institutional investors own 67.88% of the company.

Shares of Pitney Bowes Inc. (NYSE:PBI - Get Free Report) passed above its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of $15.92 and traded as high as $16.85. Pitney Bowes shares last traded at $16.5260, with a volume of 1,239,532 shares trading hands.

Wall Street Analyst Weigh In

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

Pitney Bowes Stock Down 1.7%

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

The company has a 50 day moving average of $16.97 and a 200-day moving average of $15.92. The stock has a market capitalization of $2.27 billion, a P/E ratio of 13.55, a PEG ratio of 0.67 and a beta of 1.66.

Pitney Bowes (NYSE:PBI - Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The technology company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.34 by $0.09. The business had revenue of $451.50 million during 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%. The company's quarterly revenue was down 2.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.27 EPS. Pitney Bowes has set its FY 2026 guidance at 1.550-1.700 EPS. Equities analysts forecast that Pitney Bowes Inc. will post 1.68 EPS for the current fiscal year.

Pitney Bowes Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 8th. Shareholders of record on Monday, August 10th were paid a $0.01 dividend. The ex-dividend date was Monday, August 10th. This represents a $0.04 annualized dividend and a dividend yield of 0.2%. Pitney Bowes's dividend payout ratio (DPR) is presently 32.79%.

Insider Activity at Pitney Bowes

In other news, CEO Kurt Wolf sold 150,000 shares of the stock in a transaction on Thursday, October 1st. The stock was 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Todd 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 transaction 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 position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 1,461,767 shares of company stock worth $25,920,799 in the last three months. 6.50% of the stock is owned by company insiders.

Hedge Funds Weigh In On Pitney Bowes

Several hedge funds have recently made changes to their positions in the business. BlackRock Inc. acquired a new position in Pitney Bowes in the second quarter worth approximately $220,473,000. Bank of New York Mellon Corp purchased a new position in Pitney Bowes in the 2nd quarter worth about $28,683,000. Hsbc Holdings PLC acquired a new stake in Pitney Bowes during the 2nd quarter worth about $27,762,000. Dimensional Fund Advisors LP boosted its holdings in shares of Pitney Bowes by 9.0% in the first quarter. Dimensional Fund Advisors LP now owns 2,331,315 shares of the technology company's stock worth $25,760,000 after buying an additional 193,145 shares during the period. Finally, Assenagon Asset Management S.A. acquired a new stake in shares of Pitney Bowes during the first quarter valued at approximately $16,403,000. Institutional investors and hedge funds own 67.88% of the company's stock.

About Pitney Bowes

Pitney Bowes Inc NYSE: PBI is a technology, mailing and shipping services company that helps businesses manage physical and digital communications, postage and parcel delivery. Its offerings include postage meters, mailing systems, shipping software, parcel lockers and related supplies, financing and support services.

The company's products are designed for organizations ranging from small businesses to large enterprises and government agencies. Its SendPro platform integrates postage purchasing, carrier selection, shipping labels, tracking and reporting, while Pitney Bowes also provides solutions for mailroom operations, document management and transactional communications.

Founded in 1920 by Arthur Pitney and Walter Bowes, the company initially became known for its postage-meter technology, which helped automate the mailing process.

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