Pitney Bowes (NYSE:PBI) Raised to Strong-Buy at Zacks Research

Pitney Bowes (NYSE:PBI) was upgraded by Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Monday,Zacks.com reports.

A number of other research firms also recently commented on PBI. Citizens Jmp increased their target price on Pitney Bowes from $19.00 to $22.00 and gave the stock 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 note on Friday, July 31st. Bank of America raised Pitney Bowes from an “underperform” rating to a “neutral” rating and boosted their target price for the stock from $9.50 to $16.50 in a report on Monday, May 11th. Citigroup restated a “market outperform” rating on shares of Pitney Bowes in a research report on Friday, July 31st. Finally, Wall Street Zen upgraded Pitney Bowes from a “buy” rating to a “strong-buy” rating in a research report on Saturday, April 25th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $18.45.

Pitney Bowes Price Performance

NYSE PBI opened at $16.61 on Monday. The firm has a market capitalization 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. Pitney Bowes has a 1-year low of $8.95 and a 1-year high of $19.07. The business’s 50-day simple moving average is $17.54 and its 200-day simple moving average is $14.14.

Pitney Bowes (NYSE:PBI) last issued its earnings results on Wednesday, July 29th. The technology company reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 business had revenue of $451.50 million during the quarter, compared to analysts’ expectations of $453.94 million. During the same quarter in the previous year, the business earned $0.27 EPS. The company’s revenue for the quarter was down 2.4% on a year-over-year basis. Pitney Bowes has set its FY 2026 guidance at 1.550-1.700 EPS. On average, equities research analysts expect that Pitney Bowes will post 1.68 EPS for the current fiscal year.

Insider Transactions at Pitney Bowes

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 stock was sold at an average price of $18.23, for a total value of $7,846,975.89. Following the transaction, the chief executive officer owned 179,190 shares of the company’s stock, 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold a total of 2,476,376 shares of company stock valued at $43,266,688 in the last quarter. Insiders own 6.50% of the company’s stock.

Hedge Funds Weigh In On Pitney Bowes

A number of hedge funds and other institutional investors have recently modified their holdings of PBI. Longview Financial Advisors Inc. acquired a new stake in Pitney Bowes during the 1st quarter worth about $26,000. EverSource Wealth Advisors LLC boosted its holdings 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 worth $38,000 after buying an additional 1,015 shares during the period. Hantz Financial Services Inc. increased 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 worth $40,000 after acquiring an additional 2,459 shares in the last quarter. UMB Bank n.a. increased 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 worth $43,000 after acquiring an additional 3,225 shares in the last quarter. Finally, Canada Pension Plan Investment Board acquired a new stake in shares of Pitney Bowes during the second quarter valued at approximately $51,000. Institutional investors and hedge funds own 67.88% of the company’s stock.

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.