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

Pitney Bowes Inc. (NYSE:PBI) CEO Kurt Wolf sold 150,000 shares of Pitney Bowes stock in a transaction that occurred on Tuesday, September 15th. The shares were sold at an average price of $17.31, for a total transaction of $2,596,500.00. Following the completion of the sale, the chief executive officer owned 109,254 shares of the company’s stock, valued at $1,891,186.74. This trade represents a 57.86% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 stock was 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 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 stock was sold at an average price of $18.11, for a total transaction 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 transaction of $3,707,296.99.
• On Thursday, July 30th, Kurt Wolf sold 430,443 shares of Pitney Bowes stock. The shares were sold at an average price of $18.23, for a total value 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 value of $5,408,388.00.
• On Monday, July 6th, Kurt Wolf sold 55,861 shares of Pitney Bowes stock. The stock was sold at an average price of $16.91, for a total value of $944,609.51.
• On Thursday, July 2nd, Kurt Wolf sold 150,000 shares of Pitney Bowes stock. The stock was sold at an average price of $16.83, for a total value of $2,524,500.00.

Pitney Bowes Stock Performance

Shares of NYSE PBI opened at $17.30 on Friday. The firm has a market cap of $2.37 billion, a price-to-earnings ratio of 14.18, a P/E/G ratio of 0.69 and a beta of 1.64. The business’s 50-day simple moving average is $17.39 and its 200-day simple moving average is $15.37. Pitney Bowes Inc. has a 52 week low of $8.95 and a 52 week high of $19.07.

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, topping the consensus estimate of $0.34 by $0.09. The firm had revenue of $451.50 million during the quarter, compared to analyst estimates of $453.94 million. Pitney Bowes had a negative return on equity of 31.37% and a net margin of 10.04%.The company’s revenue for the quarter was down 2.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.27 EPS. Pitney Bowes has set its FY 2026 guidance at 1.550-1.700 EPS. As a group, equities research analysts forecast that Pitney Bowes Inc. will post 1.68 earnings per share for the current year.

Pitney Bowes Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 8th. Stockholders 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 payout ratio is presently 32.79%.

Hedge Funds Weigh In On Pitney Bowes

Large investors have recently bought and sold shares of the stock. Engineers Gate Manager LP grew its position in Pitney Bowes by 474.9% in the 2nd quarter. Engineers Gate Manager LP now owns 163,860 shares of the technology company’s stock worth $2,871,000 after purchasing an additional 135,357 shares during the last quarter. IFP Advisors Inc raised its position in shares of Pitney Bowes by 5,373.7% during the second quarter. IFP Advisors Inc now owns 3,120 shares of the technology company’s stock valued at $55,000 after buying an additional 3,063 shares during the last quarter. Nykredit A S acquired a new position in shares of Pitney Bowes during the second quarter valued at about $46,000. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of Pitney Bowes during the second quarter valued at about $301,000. Finally, HB Wealth Management LLC lifted its stake in shares of Pitney Bowes by 1.0% in the second quarter. HB Wealth Management LLC now owns 63,088 shares of the technology company’s stock valued at $1,105,000 after buying an additional 642 shares during the period. 67.88% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Citizens Jmp lifted their target price on shares of Pitney Bowes from $19.00 to $22.00 and gave the stock a “market outperform” rating in a report on Friday, July 31st. Zacks Research upgraded shares of Pitney Bowes from a “hold” rating to a “strong-buy” rating in a report on Monday, August 10th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $17.30 price target on shares of Pitney Bowes in a research report on Thursday, July 30th. Truist Financial lifted their price objective on Pitney Bowes from $15.00 to $18.00 and gave the stock a “hold” rating in a research note on Friday, July 31st. Finally, Citigroup reissued a “market outperform” rating on shares of Pitney Bowes in a research report on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target 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.