Pitney Bowes (NYSE:PBI) Stock Price Crosses Above 200-Day Moving Average - Here's What Happened

Key Points

• Pitney Bowes shares crossed above their 200-day moving average, reaching $16.42 and last trading near $16.37, compared with the average of $15.57.
• Analyst sentiment is favorable overall, with a “Moderate Buy” consensus and an average price target of $18.45; several firms recently upgraded the stock or raised targets.
• The company beat quarterly EPS expectations, reporting $0.43 versus the $0.34 consensus, but revenue declined 2.4% year over year. Insiders sold more than 1.8 million shares over the last quarter.

Pitney Bowes Inc. (NYSE:PBI - Get Free Report) passed above its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $15.57 and traded as high as $16.42. Pitney Bowes shares last traded at $16.3740, with a volume of 969,651 shares trading hands.

Analyst Upgrades and Downgrades

PBI has been the subject of a number of research reports. Citigroup restated a "market outperform" rating on shares of Pitney Bowes in a research report on Friday, July 31st. The Goldman Sachs Group reiterated a "neutral" rating and issued a $17.30 price target on shares of Pitney Bowes in a research report on Thursday, July 30th. 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 upped their target price on Pitney Bowes from $19.00 to $22.00 and gave the company a "market outperform" rating in a research note on Friday, July 31st. Finally, Zacks Research upgraded Pitney Bowes from a "hold" rating to a "strong-buy" rating in a report on Monday, August 10th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, Pitney Bowes has an average rating of "Moderate Buy" and an average price target of $18.45.

Pitney Bowes Price Performance

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

The stock has a market cap of $2.24 billion, a price-to-earnings ratio of 13.42, a price-to-earnings-growth ratio of 0.66 and a beta of 1.64. The stock's 50-day moving average is $17.23 and its 200-day moving average is $15.57.

Pitney Bowes (NYSE:PBI - Get Free Report) last issued 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. Pitney Bowes had a negative return on equity of 31.37% and a net margin of 10.04%.The company had revenue of $451.50 million during the quarter, compared to the consensus estimate of $453.94 million. During the same period in the previous year, the firm posted $0.27 EPS. Pitney Bowes's revenue was down 2.4% on a year-over-year basis. Pitney Bowes has set its FY 2026 guidance at 1.550-1.700 EPS. Analysts predict that Pitney Bowes Inc. will post 1.68 EPS for the current fiscal year.

Pitney Bowes Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 8th. Investors of record on Monday, August 10th were given a dividend of $0.01 per share. The ex-dividend date was Monday, August 10th. This represents a $0.04 annualized dividend and a yield of 0.2%. Pitney Bowes's dividend payout ratio is 32.79%.

Insider Activity

In other news, EVP Todd A. Everett sold 25,000 shares of the company'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 transaction, the executive vice president owned 96,048 shares of the company's stock, valued at $1,735,587.36. This represents a 20.65% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Kurt Wolf sold 430,443 shares of the stock in a transaction dated Thursday, July 30th. The stock was sold at an average price of $18.23, for a total transaction of $7,846,975.89. Following the transaction, the chief executive officer owned 179,190 shares in the company, valued at approximately $3,266,633.70. The trade was a 70.61% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 1,833,908 shares of company stock worth $32,374,297 over the last quarter. 6.50% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Pitney Bowes

Hedge funds have recently modified their holdings of the stock. Envestnet Portfolio Solutions Inc. increased its position in Pitney Bowes by 2.1% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 60,455 shares of the technology company's stock worth $1,059,000 after purchasing an additional 1,221 shares during the last quarter. Engineers Gate Manager LP boosted its holdings in shares of Pitney Bowes by 474.9% in the 2nd quarter. Engineers Gate Manager LP now owns 163,860 shares of the technology company's stock valued at $2,871,000 after purchasing an additional 135,357 shares during the last quarter. IFP Advisors Inc boosted its holdings in shares of Pitney Bowes by 5,373.7% in the 2nd quarter. IFP Advisors Inc now owns 3,120 shares of the technology company's stock valued at $55,000 after purchasing an additional 3,063 shares during the last quarter. Nykredit A S purchased a new stake in shares of Pitney Bowes during the 2nd quarter valued at $46,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of Pitney Bowes during the 2nd quarter valued at $301,000. 67.88% of the stock is owned by institutional investors and hedge funds.

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.

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