Pitney Bowes (NYSE:PBI) CEO Kurt James Wolf Sells 23,887 Shares of Stock

Pitney Bowes Inc. (NYSE:PBI) CEO Kurt Wolf sold 23,887 shares of Pitney Bowes stock in a transaction on Thursday, September 17th. The shares were sold at an average price of $17.43, for a total value of $416,350.41. Following the sale, the chief executive officer directly owned 104,821 shares of the company’s stock, valued at approximately $1,827,030.03. The trade was a 18.56% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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

• On Wednesday, September 16th, Kurt Wolf sold 25,371 shares of Pitney Bowes stock. The stock was sold at an average price of $17.43, for a total value of $442,216.53.
• On Tuesday, September 15th, Kurt Wolf sold 150,000 shares of Pitney Bowes stock. The stock was sold at an average price of $17.31, for a total value of $2,596,500.00.
• On Friday, August 28th, Kurt Wolf sold 397 shares of Pitney Bowes stock. The shares were sold at an average price of $17.42, for a total value of $6,915.74.
• On Thursday, August 27th, Kurt Wolf sold 1,920 shares of Pitney Bowes stock. The shares were sold at an average price of $17.42, for a total value of $33,446.40.
• On Monday, August 3rd, Kurt Wolf sold 413,266 shares of Pitney Bowes stock. The shares were sold at an average price of $18.11, for a total value of $7,484,247.26.
• On Friday, July 31st, Kurt Wolf sold 211,483 shares of Pitney Bowes stock. The stock was sold at an average price of $17.53, for a total value of $3,707,296.99.
• On Thursday, July 30th, Kurt Wolf sold 430,443 shares of Pitney Bowes stock. The stock was sold at an average price of $18.23, for a total transaction of $7,846,975.89.
• On Tuesday, July 7th, Kurt Wolf sold 316,280 shares of Pitney Bowes stock. The stock was sold at an average price of $17.10, for a total transaction of $5,408,388.00.
• On Monday, July 6th, Kurt Wolf sold 55,861 shares of Pitney Bowes stock. The shares were sold at an average price of $16.91, for a total transaction of $944,609.51.
• On Thursday, July 2nd, Kurt Wolf sold 150,000 shares of Pitney Bowes stock. The shares were sold at an average price of $16.83, for a total transaction of $2,524,500.00.

Pitney Bowes Trading Down 0.0%

PBI stock opened at $17.30 on Friday. The firm has a market cap of $2.37 billion, a PE ratio of 14.18, a PEG ratio of 0.69 and a beta of 1.64. Pitney Bowes Inc. has a 1 year low of $8.95 and a 1 year high of $19.07. The company has a fifty day simple moving average of $17.39 and a 200 day simple moving average of $15.37.

Pitney Bowes (NYSE:PBI) last posted its earnings results on Wednesday, July 29th. The technology company reported $0.43 earnings per share 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 company had revenue of $451.50 million for the quarter, compared to analyst estimates of $453.94 million. During the same period last year, the company earned $0.27 earnings per share. The business’s revenue 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. As a group, analysts forecast that Pitney Bowes Inc. will post 1.68 EPS for the current fiscal year.

Pitney Bowes Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 8th. Investors of record on Monday, August 10th were paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date was Monday, August 10th. Pitney Bowes’s dividend payout ratio is presently 32.79%.

Institutional Investors Weigh In On Pitney Bowes

Large investors have recently bought and sold shares of the company. Gamco Investors INC. ET AL grew its stake in Pitney Bowes by 33.8% in the fourth quarter. Gamco Investors INC. ET AL now owns 491,200 shares of the technology company’s stock valued at $5,192,000 after acquiring an additional 124,000 shares during the period. GSA Capital Partners LLP bought a new position in shares of Pitney Bowes during the 4th quarter valued at about $1,802,000. Hsbc Holdings PLC lifted its holdings in shares of Pitney Bowes by 824.5% during the 2nd quarter. Hsbc Holdings PLC now owns 1,587,274 shares of the technology company’s stock valued at $27,762,000 after purchasing an additional 1,415,590 shares in the last quarter. Bank of New York Mellon Corp acquired a new position in shares of Pitney Bowes in the 2nd quarter valued at approximately $28,683,000. Finally, Permit Capital LLC grew its position in shares of Pitney Bowes by 14.0% in the 4th quarter. Permit Capital LLC now owns 3,250,000 shares of the technology company’s stock valued at $34,352,000 after purchasing an additional 400,000 shares during the period. Institutional investors own 67.88% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on PBI shares. Weiss Ratings upgraded Pitney Bowes from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, July 31st. Zacks Research raised shares of Pitney Bowes from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 10th. The Goldman Sachs Group restated a “neutral” rating and issued a $17.30 price objective on shares of Pitney Bowes in a report on Thursday, July 30th. Citigroup reaffirmed a “market outperform” rating on shares of Pitney Bowes in a report on Friday, July 31st. Finally, Citizens Jmp increased their price target on Pitney Bowes from $19.00 to $22.00 and gave the company a “market outperform” rating in a research note on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $18.45.

Pitney Bowes Company Profile

Pitney Bowes Inc (NYSE:PBI) is a global technology, shipping and mailing company that provides solutions for businesses managing physical and digital communications, parcels and mail. Its offerings include mailing and shipping equipment, software, supplies, services and financing options designed to help organizations process, track and deliver items.

The company operates through businesses focused on shipping and mailing technology and presort services. Its products and services include postage meters and other mailroom equipment, cloud-based shipping and mailing software, parcel management tools, address and data services, and outsourced mail processing.