Pitney Bowes Inc. $PBI Stock Sold by Hennessy Advisors Inc.

Hennessy Advisors Inc. cut its stake in shares of Pitney Bowes Inc. (NYSE:PBI) by 8.9% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 541,900 shares of the technology company’s stock after selling 53,000 shares during the quarter. Hennessy Advisors Inc. owned 0.40% of Pitney Bowes worth $8,844,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Nykredit A S bought a new stake in shares of Pitney Bowes during the 2nd quarter valued at $46,000. Public Employees Retirement System of Ohio bought a new position in Pitney Bowes during the 2nd quarter valued at approximately $46,000. IFP Advisors Inc boosted its holdings in Pitney Bowes by 5,373.7% in the second quarter. IFP Advisors Inc now owns 3,120 shares of the technology company’s stock worth $55,000 after acquiring an additional 3,063 shares in the last quarter. Plato Investment Management Ltd bought a new position in Pitney Bowes in the 2nd quarter worth about $55,000. Finally, Archer Investment Corp bought a new position in shares of Pitney Bowes in the second quarter worth approximately $90,000. 67.88% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently weighed in on PBI. The Goldman Sachs Group reissued a “neutral” rating and set a $17.30 price objective on shares of Pitney Bowes in a report on Thursday, July 30th. Citizens Jmp increased their target price on Pitney Bowes from $19.00 to $22.00 and gave the company a “market outperform” rating in a report on Friday, July 31st. Zacks Research cut Pitney Bowes from a “strong-buy” rating to a “hold” rating in a report on Friday, October 2nd. Wall Street Zen downgraded Pitney Bowes from a “strong-buy” rating to a “buy” rating in a research note on Sunday. Finally, Weiss Ratings lowered Pitney Bowes from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, October 27th. Three analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $18.45.

Pitney Bowes News Summary

Here are the key news stories impacting Pitney Bowes this week:

• Positive Sentiment: Q3 earnings beat expectations. Pitney Bowes reported adjusted earnings of $0.42 per share, above the $0.36 consensus estimate and up from $0.31 a year earlier. Pitney Bowes Q3 Earnings and Revenues Top Estimates
• Positive Sentiment: Dividend increased sharply. The company declared a quarterly dividend of $0.10 per share, or $0.40 annualized, compared with the previous $0.01 quarterly payout. The dividend yield is approximately 2.4%, supporting the stock’s income appeal. Pitney Bowes Approves Quarterly Dividend
• Positive Sentiment: Revenue outlook was maintained or improved relative to expectations. FY 2026 revenue guidance of $1.8 billion to $1.9 billion has a midpoint above the current $1.8 billion consensus estimate, suggesting continued operating momentum despite business-mix challenges. Pitney Bowes Updates FY 2026 Guidance
• Neutral Sentiment: Sidoti raised its estimates for second-quarter and third-quarter FY 2027 EPS to $0.44 and $0.46, respectively, but the changes were mixed across the forecast period.
• Negative Sentiment: FY 2026 EPS guidance fell below expectations. Pitney Bowes now expects EPS of $1.58 to $1.67, versus the $1.68 consensus estimate. The midpoint of $1.625 implies modest downside to analyst expectations. Pitney Bowes Lifts Guidance
• Negative Sentiment: Analyst estimates were reduced. Sidoti cut its FY 2026 EPS forecast to $1.66 from $1.70 and lowered its Q4 2026 forecast to $0.34 from $0.44. Sidoti also reduced its Q4 2027 estimate to $0.42 from $0.49.
• Negative Sentiment: SendTech faces a projected revenue headwind. Management indicated that SendTech revenue could face a $60 million to $80 million headwind in 2027, raising concerns about near-term growth and profit momentum. Pitney Bowes Signals SendTech Revenue Headwind

Pitney Bowes Price Performance

Shares of Pitney Bowes stock opened at $16.31 on Monday. Pitney Bowes Inc. has a 52-week low of $8.95 and a 52-week high of $19.07. The firm’s 50 day moving average price is $16.94 and its 200-day moving average price is $14.81. The company has a market cap of $2.21 billion, a P/E ratio of 12.64, a PEG ratio of 0.66 and a beta of 1.74.

Pitney Bowes (NYSE:PBI) last issued its quarterly earnings results on Wednesday, October 28th. The technology company reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.06. The business had revenue of $456.18 million for the quarter, compared to analyst estimates of $458.24 million. Pitney Bowes had a net margin of 10.10% and a negative return on equity of 30.45%. Pitney Bowes’s revenue for the quarter was down .8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.31 EPS. As a group, equities research analysts forecast that Pitney Bowes Inc. will post 1.67 EPS for the current fiscal year.

Pitney Bowes Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 8th. Shareholders of record on Monday, November 16th will be given a dividend of $0.10 per share. This is an increase from Pitney Bowes’s previous quarterly dividend of $0.01. This represents a $0.40 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date is Monday, November 16th. Pitney Bowes’s dividend payout ratio (DPR) is currently 31.01%.

Insider Activity

In other Pitney Bowes news, CEO Kurt Wolf sold 150,000 shares of the company’s stock in a transaction on Tuesday, September 15th. The shares were sold at an average price of $17.31, for a total transaction of $2,596,500.00. Following the completion of the transaction, the chief executive officer directly owned 109,254 shares in the company, valued at approximately $1,891,186.74. This represents a 57.86% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Todd Everett sold 25,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $18.07, for a total value of $451,750.00. Following the sale, the executive vice president owned 96,048 shares of the company’s stock, valued at $1,735,587.36. The trade was a 20.65% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 406,575 shares of company stock worth $6,882,279 in the last quarter. Corporate insiders own 6.50% of the company’s stock.

About Pitney Bowes

Pitney Bowes Inc (NYSE:PBI) is a global technology and services company that helps businesses manage mailing, shipping and related communications. Its offerings include postage meters, mailing systems, shipping software, parcel management tools, address and data services, and equipment financing and support.

The company serves small businesses, large enterprises and government organizations through solutions designed to streamline the preparation, processing and delivery of physical mail and packages.