Pitney Bowes (NYSE:PBI) EVP Deborah Pfeiffer Sells 18,750 Shares

Pitney Bowes Inc. (NYSE:PBI) EVP Deborah Pfeiffer sold 18,750 shares of Pitney Bowes stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $16.06, for a total value of $301,125.00. Following the transaction, the executive vice president owned 97,828 shares of the company’s stock, valued at $1,571,117.68. The trade was a 16.08% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Pitney Bowes Stock Performance

Pitney Bowes stock opened at $16.93 on Tuesday. Pitney Bowes Inc. has a 52 week low of $8.95 and a 52 week high of $17.08. The stock has a market capitalization of $2.29 billion, a P/E ratio of 16.44, a PEG ratio of 0.72 and a beta of 1.63. The stock has a 50-day simple moving average of $13.71 and a 200 day simple moving average of $11.48.

Pitney Bowes (NYSE:PBI) last posted its quarterly earnings results on Tuesday, May 5th. The technology company reported $0.47 EPS for the quarter, hitting analysts’ consensus estimates of $0.47. Pitney Bowes had a negative return on equity of 33.41% and a net margin of 8.92%.The business had revenue of $477.41 million during the quarter, compared to analysts’ expectations of $471.83 million. During the same quarter last year, the company posted $0.33 earnings per share. Pitney Bowes’s quarterly revenue was down 3.2% on a year-over-year basis. Research analysts forecast that Pitney Bowes Inc. will post 1.62 earnings per share for the current year.

Pitney Bowes Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 5th. Stockholders of record on Monday, May 18th will be issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date is Monday, May 18th. Pitney Bowes’s payout ratio is currently 38.83%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. Bank of America upgraded Pitney Bowes from an “underperform” rating to a “neutral” rating and boosted their price objective for the stock from $9.50 to $16.50 in a report on Monday, May 11th. Wall Street Zen upgraded Pitney Bowes from a “buy” rating to a “strong-buy” rating in a report on Saturday, April 25th. Zacks Research upgraded Pitney Bowes from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 7th. Citizens Jmp boosted their price objective on Pitney Bowes from $13.00 to $14.00 and gave the stock a “market outperform” rating in a report on Friday, April 17th. Finally, The Goldman Sachs Group set a $15.20 price objective on Pitney Bowes in a report on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $15.18.

Institutional Trading of Pitney Bowes

A number of hedge funds and other institutional investors have recently modified their holdings of PBI. Longview Financial Advisors Inc. bought a new position in Pitney Bowes during the 1st quarter worth $26,000. EverSource Wealth Advisors LLC increased its stake in shares of Pitney Bowes by 41.3% in the second quarter. EverSource Wealth Advisors LLC now owns 3,472 shares of the technology company’s stock valued at $38,000 after buying an additional 1,015 shares during the period. Hantz Financial Services Inc. increased its stake in shares of Pitney Bowes by 190.9% in the fourth quarter. Hantz Financial Services Inc. now owns 3,747 shares of the technology company’s stock valued at $40,000 after buying an additional 2,459 shares during the period. UMB Bank n.a. increased its stake in shares of Pitney Bowes by 404.6% in the fourth quarter. UMB Bank n.a. now owns 4,022 shares of the technology company’s stock valued at $43,000 after buying an additional 3,225 shares during the period. Finally, Canada Pension Plan Investment Board acquired a new stake in shares of Pitney Bowes in the second quarter valued at about $51,000. Institutional investors 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.