Pitney Bowes (NYSE:PBI) EVP Todd Everett Sells 10,000 Shares of Stock

Pitney Bowes Inc. (NYSE:PBI) EVP Todd Everett sold 10,000 shares of Pitney Bowes 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 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. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Pitney Bowes Stock Performance

PBI traded up $0.01 on Friday, reaching $16.98. The company had a trading volume of 211,461 shares, compared to its average volume of 2,566,290. The stock has a market cap of $2.33 billion, a P/E ratio of 13.92, a P/E/G ratio of 0.69 and a beta of 1.64. Pitney Bowes Inc. has a fifty-two week low of $8.95 and a fifty-two week high of $19.07. The company’s fifty day moving average is $17.38 and its 200 day moving average is $15.14.

Pitney Bowes (NYSE:PBI) last issued its quarterly earnings data on Wednesday, July 29th. The technology company reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.09. Pitney Bowes had a net margin of 10.04% and a negative return on equity of 31.37%. The firm had revenue of $451.50 million during the quarter, compared to the consensus estimate of $453.94 million. During the same period last year, the business posted $0.27 earnings per share. The business’s revenue for the quarter was down 2.4% compared to the same quarter last year. Pitney Bowes has set its FY 2026 guidance at 1.550-1.700 EPS. On average, sell-side analysts expect that Pitney Bowes Inc. will post 1.68 EPS for the current year.

Pitney Bowes Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 8th. Investors 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 yield of 0.2%. Pitney Bowes’s payout ratio is 32.79%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Longview Financial Advisors Inc. bought a new stake in Pitney Bowes during the first quarter worth $26,000. Nykredit A S acquired a new position in shares of Pitney Bowes during the 2nd quarter worth $46,000. Public Employees Retirement System of Ohio bought a new stake in shares of Pitney Bowes during the 2nd quarter worth $46,000. IFP Advisors Inc lifted its position in shares of Pitney Bowes by 5,373.7% during the 2nd quarter. IFP Advisors Inc now owns 3,120 shares of the technology company’s stock worth $55,000 after buying an additional 3,063 shares during the last quarter. Finally, Plato Investment Management Ltd acquired a new stake in Pitney Bowes in the second quarter valued at about $55,000. 67.88% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

PBI has been the topic of a number of analyst reports. Truist Financial increased their target price 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. Weiss Ratings upgraded Pitney Bowes from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, July 31st. Citigroup reissued a “market outperform” rating on shares of Pitney Bowes in a research report on Friday, July 31st. Citizens Jmp raised their price objective on Pitney Bowes from $19.00 to $22.00 and gave the stock a “market outperform” rating in a research note on Friday, July 31st. Finally, Zacks Research raised 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 assigned a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, Pitney Bowes presently has a consensus rating of “Moderate Buy” and an average price target of $18.45.

About Pitney Bowes

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.