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 report report published on Monday morning,Zacks.com reports.

A number of other analysts also recently issued reports on PBI. Wall Street Zen raised shares of Pitney Bowes from a “buy” rating to a “strong-buy” rating in a report on Saturday, April 25th. Citizens Jmp lifted their price objective on shares of Pitney Bowes from $19.00 to $22.00 and gave the company a “market outperform” rating in a report on Friday, July 31st. Weiss Ratings upgraded shares of Pitney Bowes from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, July 31st. Bank of America raised shares of Pitney Bowes from an “underperform” rating to a “neutral” rating and increased their target price for the stock from $9.50 to $16.50 in a research note on Monday, May 11th. Finally, Truist Financial raised their target price on Pitney Bowes from $15.00 to $18.00 and gave the company a “hold” rating in a research report on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $18.45.

Pitney Bowes Trading Down 2.2%

Shares of PBI stock opened at $16.61 on Monday. Pitney Bowes has a twelve month low of $8.95 and a twelve month high of $19.07. The stock has a market cap of $2.28 billion, a P/E ratio of 13.61, a P/E/G ratio of 0.68 and a beta of 1.63. The stock has a 50 day moving average of $17.54 and a 200 day moving average of $14.14.

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

Pitney Bowes Announces Dividend

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

Insiders Place Their Bets

In other Pitney Bowes news, CEO Kurt James Wolf sold 430,443 shares of the company’s stock in a transaction on Thursday, July 30th. The shares were sold at an average price of $18.23, for a total transaction of $7,846,975.89. Following the completion of the transaction, the chief executive officer directly owned 179,190 shares in the company, valued at approximately $3,266,633.70. This represents a 70.61% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders have sold 2,476,376 shares of company stock worth $43,266,688 in the last ninety days. Corporate insiders own 6.50% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Longview Financial Advisors Inc. acquired a new stake in Pitney Bowes in the 1st quarter worth about $26,000. EverSource Wealth Advisors LLC raised its holdings in shares of Pitney Bowes by 41.3% during the second quarter. EverSource Wealth Advisors LLC now owns 3,472 shares of the technology company’s stock valued at $38,000 after acquiring an additional 1,015 shares during the last quarter. Hantz Financial Services Inc. lifted its position 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 acquiring an additional 2,459 shares in the last quarter. UMB Bank n.a. lifted its position 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 acquiring an additional 3,225 shares in the last quarter. Finally, Canada Pension Plan Investment Board purchased a new position in shares of Pitney Bowes in the second quarter valued at approximately $51,000. 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.