Pitney Bowes (NYSE:PBI) CEO Kurt James Wolf Sells 150,000 Shares of Company Stock

Pitney Bowes Inc. (NYSE:PBI) CEO Kurt Wolf sold 150,000 shares of the stock in a transaction dated Thursday, October 1st. The stock was sold at an average price of $16.16, for a total transaction of $2,424,000.00. Following the transaction, the chief executive officer directly owned 91,321 shares of the company’s stock, valued at approximately $1,475,747.36. This trade represents a 62.16% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Thursday, September 17th, Kurt Wolf sold 23,887 shares of Pitney Bowes stock. The shares were sold at an average price of $17.43, for a total transaction of $416,350.41.
• On Wednesday, September 16th, Kurt Wolf sold 25,371 shares of Pitney Bowes stock. The shares were sold at an average price of $17.43, for a total transaction 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 transaction 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 transaction 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 transaction 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 value of $7,846,975.89.

Pitney Bowes Trading Down 0.5%

Shares of NYSE PBI opened at $16.48 on Thursday. The stock has a market capitalization of $2.26 billion, a PE ratio of 13.50, a PEG ratio of 0.66 and a beta of 1.66. Pitney Bowes Inc. has a twelve month low of $8.95 and a twelve month high of $19.07. The stock has a fifty day simple moving average of $16.94 and a 200-day simple moving average of $15.97.

Pitney Bowes (NYSE:PBI) last announced its earnings results on Wednesday, July 29th. The technology company reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.09. The company had revenue of $451.50 million during the quarter, compared to analysts’ expectations of $453.94 million. Pitney Bowes had a negative return on equity of 31.37% and a net margin of 10.04%.Pitney Bowes’s revenue for the quarter was down 2.4% on a year-over-year basis. During the same period last year, the business posted $0.27 EPS. Pitney Bowes has set its FY 2026 guidance at 1.550-1.700 EPS. On average, equities analysts predict that Pitney Bowes Inc. will post 1.68 earnings per share for the current year.

Pitney Bowes Announces Dividend

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

Hedge Funds Weigh In On Pitney Bowes

A number of institutional investors and hedge funds have recently modified their holdings of the company. BlackRock Inc. acquired a new stake in Pitney Bowes in the second quarter valued at $220,473,000. Bank of New York Mellon Corp acquired a new position in shares of Pitney Bowes during the 2nd quarter worth about $28,683,000. Hsbc Holdings PLC purchased a new position in shares of Pitney Bowes in the 2nd quarter valued at about $27,762,000. Dimensional Fund Advisors LP increased its holdings in shares of Pitney Bowes by 9.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,331,315 shares of the technology company’s stock valued at $25,760,000 after acquiring an additional 193,145 shares during the last quarter. Finally, Assenagon Asset Management S.A. acquired a new stake in shares of Pitney Bowes during the 1st quarter worth about $16,403,000. Institutional investors and hedge funds own 67.88% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on PBI shares. Citigroup reiterated a “market outperform” rating on shares of Pitney Bowes in a report on Friday, July 31st. Truist Financial increased their price target on Pitney Bowes from $15.00 to $18.00 and gave the company a “hold” rating in a research report on Friday, July 31st. Weiss Ratings upgraded Pitney Bowes from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, July 31st. The Goldman Sachs Group reiterated a “neutral” rating and issued a $17.30 price objective on shares of Pitney Bowes in a research note on Thursday, July 30th. Finally, Citizens Jmp boosted their price objective on Pitney Bowes from $19.00 to $22.00 and gave the stock a “market outperform” rating in a research report on Friday, July 31st. Three research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $18.45.

Pitney Bowes Company Profile

Pitney Bowes Inc (NYSE:PBI) is a technology, mailing and shipping services company that helps businesses manage physical and digital communications, postage and parcel delivery. Its offerings include postage meters, mailing systems, shipping software, parcel lockers and related supplies, financing and support services.

The company’s products are designed for organizations ranging from small businesses to large enterprises and government agencies. Its SendPro platform integrates postage purchasing, carrier selection, shipping labels, tracking and reporting, while Pitney Bowes also provides solutions for mailroom operations, document management and transactional communications.

Founded in 1920 by Arthur Pitney and Walter Bowes, the company initially became known for its postage-meter technology, which helped automate the mailing process.