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

Pitney Bowes Inc. (NYSE:PBIGet Free Report) CEO Kurt Wolf sold 23,887 shares of the stock in a transaction on Thursday, September 17th. The stock was 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. This represents a 18.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 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 stock was 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 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 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.
  • 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 stock was sold at an average price of $16.83, for a total value of $2,524,500.00.

Pitney Bowes Stock Down 0.0%

Shares of PBI traded down $0.01 on Thursday, reaching $17.30. The stock had a trading volume of 1,685,874 shares, compared to its average volume of 2,556,658. Pitney Bowes Inc. has a twelve month low of $8.95 and a twelve month high of $19.07. The firm has a market capitalization of $2.37 billion, a PE ratio of 14.18, a PEG ratio of 0.69 and a beta of 1.64. The firm has a 50-day moving average of $17.40 and a 200 day moving average of $15.32.

Pitney Bowes (NYSE:PBIGet Free Report) last posted its earnings results on Wednesday, July 29th. The technology company reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.09. The company 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%.Pitney Bowes’s quarterly revenue was down 2.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.27 earnings per share. Pitney Bowes has set its FY 2026 guidance at 1.550-1.700 EPS. On average, sell-side analysts anticipate that Pitney Bowes Inc. will post 1.68 earnings per share for the current fiscal year.

Pitney Bowes Dividend Announcement

The firm also recently disclosed 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 yield of 0.2%. The ex-dividend date of this dividend was Monday, August 10th. Pitney Bowes’s dividend payout ratio is presently 32.79%.

Hedge Funds Weigh In On Pitney Bowes

Institutional investors have recently modified their holdings of the company. BlackRock Inc. acquired a new stake in Pitney Bowes during the second quarter worth approximately $220,473,000. LSV Asset Management raised its holdings in Pitney Bowes by 246.7% in the 4th quarter. LSV Asset Management now owns 4,197,189 shares of the technology company’s stock valued at $44,364,000 after acquiring an additional 2,986,689 shares during the last quarter. Bank of New York Mellon Corp acquired a new position in Pitney Bowes in the 2nd quarter valued at $28,683,000. Hsbc Holdings PLC purchased a new position in shares of Pitney Bowes during the 2nd quarter worth $27,762,000. Finally, Assenagon Asset Management S.A. purchased a new position in shares of Pitney Bowes during the 1st quarter worth $16,403,000. Institutional investors and hedge funds own 67.88% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on PBI shares. The Goldman Sachs Group reiterated a “neutral” rating and issued a $17.30 price target on shares of Pitney Bowes in a research report on Thursday, July 30th. Citigroup reaffirmed a “market outperform” rating on shares of Pitney Bowes in a research note on Friday, July 31st. Citizens Jmp increased their target price on Pitney Bowes from $19.00 to $22.00 and gave the company a “market outperform” rating in a report on Friday, July 31st. Truist Financial raised their price target on Pitney Bowes from $15.00 to $18.00 and gave the stock a “hold” rating in a research report on Friday, July 31st. Finally, Zacks Research raised Pitney Bowes from a “hold” rating to a “strong-buy” rating in a report on Monday, August 10th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $18.45.

Check Out Our Latest Stock Report on PBI

Pitney Bowes Company Profile

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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.

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Insider Buying and Selling by Quarter for Pitney Bowes (NYSE:PBI)

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