Pitney Bowes Inc. (NYSE:PBI – Get Free Report) CEO Kurt James Wolf sold 413,266 shares of the business’s stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $18.11, for a total transaction of $7,484,247.26. Following the sale, the chief executive officer directly owned 122,963 shares in the company, valued at approximately $2,226,859.93. This trade represents a 77.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Kurt James Wolf also recently made the following trade(s):
- On Friday, July 31st, Kurt James 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 James 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 James Wolf sold 316,280 shares of Pitney Bowes stock. The shares were sold at an average price of $17.10, for a total value 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 value 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 value of $2,524,500.00.
- On Friday, June 12th, Kurt James Wolf sold 322,829 shares of Pitney Bowes stock. The stock was 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 shares were 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 shares were 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 stock was sold at an average price of $15.69, for a total transaction of $6,105,936.09.
Pitney Bowes Stock Performance
PBI stock opened at $18.31 on Wednesday. The stock has a market cap of $2.51 billion, a P/E ratio of 15.01, a P/E/G ratio of 0.78 and a beta of 1.63. The firm has a 50 day simple moving average of $17.42 and a 200 day simple moving average of $13.90. Pitney Bowes Inc. has a 52 week low of $8.95 and a 52 week high of $19.07.
Pitney Bowes Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 8th. Stockholders of record on Monday, August 10th will be issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.2%. The ex-dividend date is Monday, August 10th. Pitney Bowes’s payout ratio is currently 32.79%.
Analyst Ratings Changes
Several brokerages recently issued reports on PBI. Wall Street Zen upgraded Pitney Bowes from a “buy” rating to a “strong-buy” rating in a report on Saturday, April 25th. The Goldman Sachs Group restated a “neutral” rating and issued a $17.30 target price on shares of Pitney Bowes in a research note on Thursday, July 30th. Citigroup reaffirmed a “market outperform” rating on shares of Pitney Bowes in a research report on Friday. Zacks Research downgraded Pitney Bowes from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 10th. Finally, Citizens Jmp lifted their price target on Pitney Bowes from $19.00 to $22.00 and gave the company a “market outperform” rating in a report on Friday, July 31st. Three investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, Pitney Bowes has an average rating of “Hold” and a consensus target price of $18.45.
Get Our Latest Report on Pitney Bowes
More Pitney Bowes News
Here are the key news stories impacting Pitney Bowes this week:
- Positive Sentiment: Analyst price-target increase: Citizens JMP raised its price target to $22 and maintained a market-outperform rating, implying additional upside based on the company’s turnaround prospects. Pitney Bowes Price Target Raised to $22.00
- Positive Sentiment: Strong quarterly EPS performance: Pitney Bowes recently reported adjusted earnings of $0.43 per share, exceeding the $0.34 consensus estimate and improving from $0.27 a year earlier. The result supports the investment case for management’s turnaround, despite a 2.4% year-over-year revenue decline.
- Positive Sentiment: Value and strategic-upside thesis: Greystone Capital identified PBI as a mispriced niche industrial with a roughly 15% free-cash-flow yield, potential asset monetization, buybacks and further upside from its strategic review. Greystone Capital Q2 2026 Letter
- Neutral Sentiment: Dividend remains limited: Pitney Bowes declared a quarterly dividend of $0.01 per share, equivalent to $0.04 annually and a yield of approximately 0.2%. The payment may appeal to income-focused investors, but it is unlikely to be a major stock catalyst.
- Negative Sentiment: CEO insider selling: CEO Kurt James Wolf sold 1.06 million shares in three transactions from July 30 through August 3 for approximately $19.0 million, leaving him with 122,963 directly owned shares after the latest sale. The scale of the selling could raise concerns about management’s near-term confidence, although insider sales can also reflect personal liquidity needs. SEC Insider Trading Filing
- Negative Sentiment: Lower forward EPS estimate: Sidoti reduced its forecast for second-quarter fiscal 2027 EPS to $0.43 from $0.45. The change is modest, but it signals some caution about earnings momentum relative to the company’s full-year 2026 guidance of $1.55–$1.70 per share.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently bought and sold shares of the company. Royal Bank of Canada grew its position in shares of Pitney Bowes by 133.1% in the first quarter. Royal Bank of Canada now owns 52,958 shares of the technology company’s stock valued at $478,000 after purchasing an additional 30,238 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Pitney Bowes by 5.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 97,424 shares of the technology company’s stock worth $882,000 after purchasing an additional 5,149 shares during the last quarter. United Services Automobile Association acquired a new position in shares of Pitney Bowes during the 1st quarter worth about $96,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Pitney Bowes by 18.2% during the 1st 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 purchasing an additional 72,437 shares during the period. Finally, Intech Investment Management LLC boosted its stake in Pitney Bowes by 15.5% during the 1st quarter. Intech Investment Management LLC now owns 195,309 shares of the technology company’s stock valued at $1,768,000 after purchasing an additional 26,260 shares during the period. Institutional investors and hedge funds own 67.88% of the company’s stock.
About Pitney Bowes
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.
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