Pitney Bowes (NYSE:PBI) Upgraded to Strong-Buy at Zacks Research

Zacks Research upgraded shares of Pitney Bowes (NYSE:PBI) from a hold rating to a strong-buy rating in a research note published on Monday morning,Zacks.com reports.

PBI has been the subject of several other reports. JMP Securities set a $13.00 price target on Pitney Bowes in a report on Wednesday, December 3rd. Truist Financial began coverage on Pitney Bowes in a research report on Friday, December 12th. They set a “hold” rating and a $11.00 price objective on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Pitney Bowes in a report on Monday. Citizens Jmp began coverage on shares of Pitney Bowes in a research note on Wednesday, December 3rd. They issued a “market outperform” rating and a $13.00 price target on the stock. Finally, The Goldman Sachs Group initiated coverage on shares of Pitney Bowes in a research report on Monday, November 3rd. They set a “neutral” rating and a $11.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $12.00.

Pitney Bowes Stock Performance

Shares of PBI stock opened at $10.66 on Monday. Pitney Bowes has a 52 week low of $6.88 and a 52 week high of $13.11. The company has a market capitalization of $1.71 billion, a price-to-earnings ratio of 23.68, a PEG ratio of 0.55 and a beta of 1.32. The company has a 50-day simple moving average of $10.12 and a 200 day simple moving average of $10.98.

Pitney Bowes (NYSE:PBI) last released its quarterly earnings results on Wednesday, October 29th. The technology company reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.01). The company had revenue of $459.68 million during the quarter, compared to the consensus estimate of $467.45 million. Pitney Bowes had a net margin of 4.14% and a negative return on equity of 38.38%. The firm’s revenue was down 8.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.21 earnings per share. Pitney Bowes has set its FY 2025 guidance at 1.300-1.300 EPS. Sell-side analysts forecast that Pitney Bowes will post 1.21 EPS for the current year.

Pitney Bowes Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 8th. Shareholders of record on Monday, November 10th were issued a $0.09 dividend. The ex-dividend date of this dividend was Monday, November 10th. This represents a $0.36 annualized dividend and a yield of 3.4%. This is an increase from Pitney Bowes’s previous quarterly dividend of $0.08. Pitney Bowes’s payout ratio is 80.00%.

Institutional Trading of Pitney Bowes

Several large investors have recently made changes to their positions in the company. Kestra Advisory Services LLC raised its position in Pitney Bowes by 9.5% during the first quarter. Kestra Advisory Services LLC now owns 91,694 shares of the technology company’s stock valued at $830,000 after purchasing an additional 7,960 shares in the last quarter. Ieq Capital LLC acquired a new stake in shares of Pitney Bowes in the 1st quarter valued at $422,000. Trexquant Investment LP bought a new position in shares of Pitney Bowes in the 1st quarter valued at $1,685,000. State of Wyoming increased its stake in shares of Pitney Bowes by 162.4% in the 1st quarter. State of Wyoming now owns 28,413 shares of the technology company’s stock valued at $257,000 after purchasing an additional 17,583 shares during the last quarter. Finally, Graham Capital Management L.P. raised its holdings in shares of Pitney Bowes by 45.1% during the 1st quarter. Graham Capital Management L.P. now owns 112,411 shares of the technology company’s stock worth $1,017,000 after buying an additional 34,921 shares in the last quarter. Institutional investors and hedge funds own 67.88% of the company’s stock.

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.