Pitney Bowes (NYSE:PBI) CEO Sells $1,557,000.00 in Stock

Pitney Bowes Inc. (NYSE:PBI) CEO Kurt James Wolf sold 150,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 11th. The stock was sold at an average price of $10.38, for a total transaction of $1,557,000.00. Following the sale, the chief executive officer owned 557,637 shares of the company’s stock, valued at approximately $5,788,272.06. This represents a 21.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Kurt James Wolf also recently made the following trade(s):

• On Monday, February 23rd, Kurt James Wolf sold 150,000 shares of Pitney Bowes stock. The shares were sold at an average price of $10.30, for a total transaction of $1,545,000.00.

Pitney Bowes Trading Up 0.1%

Shares of Pitney Bowes stock opened at $10.16 on Monday. Pitney Bowes Inc. has a twelve month low of $7.39 and a twelve month high of $13.11. The stock has a market cap of $1.52 billion, a price-to-earnings ratio of 12.23, a price-to-earnings-growth ratio of 0.70 and a beta of 1.42. The company has a fifty day moving average price of $10.48 and a 200 day moving average price of $10.64.

Pitney Bowes (NYSE:PBI) last released its quarterly earnings data on Tuesday, February 17th. The technology company reported $0.45 EPS for the quarter, beating the consensus estimate of $0.38 by $0.07. Pitney Bowes had a negative return on equity of 36.91% and a net margin of 7.65%.The company had revenue of $477.63 million for the quarter, compared to analyst estimates of $482.47 million. During the same period last year, the company posted $0.32 earnings per share. The firm’s revenue was down 7.5% compared to the same quarter last year. Pitney Bowes has set its FY 2026 guidance at 1.400-1.600 EPS. Analysts forecast that Pitney Bowes Inc. will post 1.21 earnings per share for the current year.

Pitney Bowes Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 30th. Stockholders of record on Friday, February 27th will be given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend is Friday, February 27th. Pitney Bowes’s payout ratio is presently 43.37%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC raised its stake in shares of Pitney Bowes by 41.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,472 shares of the technology company’s stock valued at $38,000 after purchasing an additional 1,015 shares in the last quarter. Hantz Financial Services Inc. grew its stake in 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 purchasing an additional 2,459 shares in the last quarter. UMB Bank n.a. increased its holdings in 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 last quarter. Elevation Point Wealth Partners LLC bought a new stake in Pitney Bowes in the second quarter valued at about $51,000. Finally, Canada Pension Plan Investment Board acquired a new stake in Pitney Bowes during the second quarter valued at approximately $51,000. 67.88% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Citigroup started coverage on shares of Pitney Bowes in a research note on Wednesday, December 3rd. They set an “outperform” rating on the stock. Citizens Jmp restated a “market outperform” rating and set a $13.00 target price on shares of Pitney Bowes in a research note on Wednesday, February 18th. Bank of America initiated coverage on Pitney Bowes in a research report on Tuesday, February 17th. They set an “underperform” rating and a $9.00 target price on the stock. Truist Financial assumed coverage on Pitney Bowes in a research note on Friday, December 12th. They issued a “hold” rating and a $11.00 price target on the stock. Finally, Zacks Research downgraded Pitney Bowes from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 19th. Two research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $11.00.

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.