Pitney Bowes (NYSE:PBI) CEO Sells $7,846,975.89 in Stock

Pitney Bowes Inc. (NYSE:PBI) CEO Kurt James Wolf sold 430,443 shares of the company’s stock in a transaction dated Thursday, July 30th. The shares were sold at an average price of $18.23, for a total transaction of $7,846,975.89. Following the completion of the transaction, the chief executive officer owned 179,190 shares in the company, valued at approximately $3,266,633.70. This trade represents a 70.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

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

• On Monday, August 3rd, Kurt James Wolf sold 413,266 shares of Pitney Bowes stock. The shares were sold at an average price of $18.11, for a total transaction of $7,484,247.26.
• On Friday, July 31st, Kurt James Wolf sold 211,483 shares of Pitney Bowes stock. The shares were sold at an average price of $17.53, for a total transaction of $3,707,296.99.
• On Tuesday, July 7th, Kurt James Wolf sold 316,280 shares of Pitney Bowes stock. The shares were sold at an average price of $17.10, for a total transaction of $5,408,388.00.
• On Monday, July 6th, Kurt James Wolf sold 55,861 shares of Pitney Bowes stock. The stock was sold at an average price of $16.91, for a total transaction of $944,609.51.
• On Thursday, July 2nd, Kurt James Wolf sold 150,000 shares of Pitney Bowes stock. The stock was sold at an average price of $16.83, for a total transaction of $2,524,500.00.
• On Friday, June 12th, Kurt James Wolf sold 322,829 shares of Pitney Bowes stock. The shares were sold at an average price of $17.40, for a total value of $5,617,224.60.
• On Thursday, June 11th, Kurt James Wolf sold 210,871 shares of Pitney Bowes stock. The shares were sold at an average price of $17.02, for a total value of $3,589,024.42.
• On Wednesday, June 10th, Kurt James Wolf sold 281,117 shares of Pitney Bowes stock. The stock was sold at an average price of $16.93, for a total value of $4,759,310.81.
• On Friday, May 22nd, Kurt James Wolf sold 40,476 shares of Pitney Bowes stock. The stock was sold at an average price of $15.62, for a total value of $632,235.12.
• On Friday, May 8th, Kurt James Wolf sold 389,161 shares of Pitney Bowes stock. The shares were sold at an average price of $15.69, for a total value of $6,105,936.09.

Pitney Bowes Stock Down 0.8%

Shares of NYSE:PBI opened at $18.25 on Thursday. The company has a market cap of $2.50 billion, a P/E ratio of 14.96, a P/E/G ratio of 0.74 and a beta of 1.63. The business has a fifty day simple moving average of $17.47 and a 200-day simple moving average of $13.95. Pitney Bowes Inc. has a 52 week low of $8.95 and a 52 week high of $19.07.

Pitney Bowes (NYSE:PBI) last released its earnings results on Wednesday, July 29th. The technology company reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.09. The firm had revenue of $451.50 million for the quarter, compared to the consensus estimate of $453.94 million. Pitney Bowes had a negative return on equity of 31.37% and a net margin of 10.04%.The firm’s revenue for the quarter was down 2.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.27 earnings per share. Pitney Bowes has set its FY 2026 guidance at 1.550-1.700 EPS. Sell-side analysts expect that Pitney Bowes Inc. will post 1.68 earnings per share for the current fiscal year.

Pitney Bowes Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 8th. Investors of record on Monday, August 10th will be given a $0.01 dividend. The ex-dividend date of this dividend is Monday, August 10th. This represents a $0.04 annualized dividend and a dividend yield of 0.2%. Pitney Bowes’s dividend payout ratio (DPR) is currently 32.79%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Royal Bank of Canada increased its stake in Pitney Bowes by 133.1% during the 1st quarter. Royal Bank of Canada now owns 52,958 shares of the technology company’s stock worth $478,000 after buying an additional 30,238 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Pitney Bowes by 5.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 97,424 shares of the technology company’s stock valued at $882,000 after buying an additional 5,149 shares during the last quarter. United Services Automobile Association acquired a new stake in shares of Pitney Bowes during the first quarter valued at about $96,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Pitney Bowes by 18.2% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 470,488 shares of the technology company’s stock valued at $4,258,000 after acquiring an additional 72,437 shares in the last quarter. Finally, Intech Investment Management LLC grew its stake in shares of Pitney Bowes by 15.5% during the first quarter. Intech Investment Management LLC now owns 195,309 shares of the technology company’s stock valued at $1,768,000 after acquiring an additional 26,260 shares in the last quarter. 67.88% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have weighed in on PBI shares. Bank of America upgraded shares of Pitney Bowes from an “underperform” rating to a “neutral” rating and lifted their price target for the company 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 report on Friday, July 31st. The Goldman Sachs Group reiterated a “neutral” rating and issued a $17.30 target price on shares of Pitney Bowes in a report on Thursday, July 30th. Truist Financial boosted 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. Finally, Citizens Jmp raised their price objective on Pitney Bowes from $19.00 to $22.00 and gave the stock a “market outperform” rating in a report on Friday, July 31st. Three equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $18.45.

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.