Pitney Bowes (NYSE:PBI) EVP Todd Everett Sells 25,000 Shares

Pitney Bowes Inc. (NYSE:PBI) EVP Todd Everett sold 25,000 shares of the stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $18.07, for a total transaction of $451,750.00. Following the transaction, the executive vice president directly owned 96,048 shares in the company, valued at $1,735,587.36. The trade was a 20.65% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Pitney Bowes Stock Performance

NYSE:PBI opened at $17.92 on Friday. The company has a market capitalization of $2.46 billion, a price-to-earnings ratio of 14.69, a price-to-earnings-growth ratio of 0.73 and a beta of 1.63. Pitney Bowes Inc. has a one year low of $8.95 and a one year high of $19.07. The stock has a 50-day simple moving average of $17.52 and a 200 day simple moving average of $14.00.

Pitney Bowes (NYSE:PBI) last announced its quarterly earnings data on Wednesday, July 29th. The technology company reported $0.43 earnings per share (EPS) 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 firm had revenue of $451.50 million for the quarter, compared to analysts’ expectations of $453.94 million. During the same quarter in the prior year, the firm posted $0.27 earnings per share. Pitney Bowes’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, equities research analysts forecast that Pitney Bowes Inc. will post 1.68 EPS for the current fiscal year.

Pitney Bowes Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 8th. Investors of record on Monday, August 10th will be given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend is Monday, August 10th. Pitney Bowes’s dividend payout ratio is currently 32.79%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on PBI shares. Weiss Ratings raised shares of Pitney Bowes from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, July 31st. Zacks Research downgraded shares of Pitney Bowes from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 10th. Citigroup reaffirmed a “market outperform” rating on shares of Pitney Bowes in a report on Friday, July 31st. Bank of America raised shares of Pitney Bowes from an “underperform” rating to a “neutral” rating and boosted their price objective for the company from $9.50 to $16.50 in a research report on Monday, May 11th. Finally, The Goldman Sachs Group reissued a “neutral” rating and issued a $17.30 target price on shares of Pitney Bowes in a report on Thursday, July 30th. Three analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, Pitney Bowes presently has a consensus rating of “Hold” and a consensus price target of $18.45.

Institutional Trading of Pitney Bowes

Several hedge funds have recently bought and sold shares of PBI. LSV Asset Management boosted its position in Pitney Bowes by 246.7% during the 4th quarter. LSV Asset Management now owns 4,197,189 shares of the technology company’s stock worth $44,364,000 after acquiring an additional 2,986,689 shares during the period. Bank of New York Mellon Corp acquired a new position in shares of Pitney Bowes during the second quarter valued at $28,683,000. Assenagon Asset Management S.A. bought a new stake in shares of Pitney Bowes during the first quarter valued at about $16,403,000. Pacer Advisors Inc. bought a new stake in shares of Pitney Bowes during the first quarter valued at about $12,950,000. Finally, Millennium Management LLC lifted its holdings in Pitney Bowes by 60.2% in the fourth quarter. Millennium Management LLC now owns 2,630,801 shares of the technology company’s stock worth $27,808,000 after purchasing an additional 988,653 shares during the period. 67.88% of the stock is currently owned by institutional investors.

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.