PITNEY BOWES INC
In the published model solve dated 2026-Q2, anchored at $18.30, PITNEY BOWES INC (PBI) is priced for +5.6% growth. boothcheck publishes no house fair value, target price, or buy/sell rating; individual model outputs and user-controlled scenarios are analytical inputs, not Boothcheck targets. The narrative was composed June 28, 2026 from SEC EDGAR filings.
• Pitney Bowes is a mailing-and-shipping-technology company in the middle of a hard restructuring: revenue still declines, but the most recent quarter cut the rate of decline to 3% while adjusted earnings and cash flow jumped. • The story is profitability, not growth, adjusted earnings per share roughly doubled year over year and free cash flow swung from a use of cash to a positive figure, the result of cost cuts and exiting the loss-making e-commerce business. • The defining tension is capital
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304 institutional managers reported holding PBI in 13F filings for the quarter ended 2026-03-31. Together they hold about 80% of the company; the top 10 hold 45%. 41 opened new positions that quarter. Held by Vanguard Group, BlackRock, State Street, among others. On the short side, 20.7M shares were sold short as of the 2026-06-15 count, about 14% of shares outstanding (7.4 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
PBI has cut its share count 15.6% over the past five years, spending $527.45M on repurchases. It pays a dividend, and has paid one every year in our records (18 and counting); the current rate is $0.30 a share annually. Cash returned over the past three years: $118.02M in dividends and $514.01M in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
Open-market insider buys at PBI over the trailing three years: 2024: 5 buys totaling $226k; 2025: 6 buys totaling $185k; 2026: 2 buys totaling $84k. 19 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
PBI's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-05-06 | -8.5% | +18.0% |
| 2023-08-04 | -9.2% | +5.8% |
| 2023-11-03 | +29.6% | +2.9% |
| 2024-05-03 | +25.2% | +20.7% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
PBI's latest 8-K filings: 2026-07-29 (items 2.02, 9.01); 2026-07-27 (items 5.02, 7.01, 9.01); 2026-06-25 (items 1.01, 2.03, 7.01, 9.01); 2026-05-19 (items 1.01, 2.03, 7.01, 9.01); 2026-05-15 (items 5.07).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: June 28, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.