Pitney Bowes Inc. (NYSE:PBI – Get Free Report) CEO Kurt James Wolf sold 322,829 shares of the stock in a transaction on Friday, June 12th. The shares were sold at an average price of $17.40, for a total value of $5,617,224.60. Following the completion of the sale, the chief executive officer owned 264,922 shares in the company, valued at approximately $4,609,642.80. The trade was a 54.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.
Kurt James Wolf also recently made the following trade(s):
- 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 shares were sold at an average price of $15.69, for a total value of $6,105,936.09.
- On Thursday, May 7th, Kurt James Wolf sold 597,224 shares of Pitney Bowes stock. The shares were sold at an average price of $15.59, for a total value of $9,310,722.16.
- On Wednesday, May 6th, Kurt James Wolf sold 966,561 shares of Pitney Bowes stock. The shares were sold at an average price of $14.58, for a total value of $14,092,459.38.
- On Thursday, April 2nd, Kurt James Wolf sold 39,919 shares of Pitney Bowes stock. The shares were sold at an average price of $11.14, for a total value of $444,697.66.
- On Wednesday, April 1st, Kurt James Wolf sold 160,289 shares of Pitney Bowes stock. The shares were sold at an average price of $11.06, for a total value of $1,772,796.34.
Pitney Bowes Price Performance
Pitney Bowes stock opened at $17.30 on Monday. Pitney Bowes Inc. has a 1-year low of $8.95 and a 1-year high of $17.59. The stock has a market cap of $2.34 billion, a PE ratio of 16.79, a P/E/G ratio of 0.78 and a beta of 1.63. The stock’s fifty day moving average is $14.80 and its two-hundred day moving average is $11.96.
Pitney Bowes Cuts Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, June 5th. Shareholders of record on Monday, May 18th were paid a $0.01 dividend. The ex-dividend date was Monday, May 18th. This represents a $0.04 dividend on an annualized basis and a yield of 0.2%. Pitney Bowes’s dividend payout ratio (DPR) is currently 38.83%.
Pitney Bowes News Roundup
Here are the key news stories impacting Pitney Bowes this week:
- Positive Sentiment: Zacks added Pitney Bowes to its Rank #1 (Strong Buy) growth stocks list, which can draw momentum and value investors looking for improving earnings estimates and growth prospects. Best Growth Stocks to Buy for June 11th
- Positive Sentiment: Zacks highlighted momentum in Pitney Bowes’ shipping software business, citing rising subscriptions, stronger bookings, and banking-based services as potential long-term growth drivers. Will Shipping Software Become Pitney Bowes’ Next Growth Engine?
- Neutral Sentiment: A Zacks piece asked whether value investors should buy PBI, but it did not include a clear rating change or major new catalyst. Should Value Investors Buy Pitney Bowes (PBI) Stock?
- Negative Sentiment: CEO Kurt James Wolf disclosed multiple large stock sales over June 10-12, reducing his ownership substantially; investors often view heavy insider selling as a cautionary signal. SEC filing
Institutional Trading of Pitney Bowes
A number of hedge funds and other institutional investors have recently made changes to their positions in PBI. Longview Financial Advisors Inc. acquired a new stake in shares of Pitney Bowes during the first quarter worth about $26,000. EverSource Wealth Advisors LLC grew its holdings in shares of Pitney Bowes by 41.3% during the second quarter. EverSource Wealth Advisors LLC now owns 3,472 shares of the technology company’s stock worth $38,000 after buying an additional 1,015 shares during the last quarter. Hantz Financial Services Inc. grew its holdings in shares of Pitney Bowes by 190.9% during the fourth quarter. Hantz Financial Services Inc. now owns 3,747 shares of the technology company’s stock worth $40,000 after buying an additional 2,459 shares during the last quarter. UMB Bank n.a. grew its holdings in shares of Pitney Bowes by 404.6% during the fourth quarter. UMB Bank n.a. now owns 4,022 shares of the technology company’s stock worth $43,000 after buying an additional 3,225 shares during the last quarter. Finally, Canada Pension Plan Investment Board purchased a new position in shares of Pitney Bowes during the second quarter worth about $51,000. Institutional investors and hedge funds own 67.88% of the company’s stock.
Analyst Upgrades and Downgrades
A number of analysts have weighed in on PBI shares. Weiss Ratings upgraded Pitney Bowes from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, May 8th. Citizens Jmp lifted their target price on Pitney Bowes from $17.00 to $19.00 and gave the stock a “market outperform” rating in a research report on Friday, June 5th. The Goldman Sachs Group set a $15.20 target price on Pitney Bowes in a research report on Friday, May 8th. Citigroup reiterated an “outperform” rating on shares of Pitney Bowes in a research report on Friday, June 5th. Finally, Bank of America upgraded Pitney Bowes from an “underperform” rating to a “neutral” rating and lifted their target price for the stock from $9.50 to $16.50 in a research report on Monday, May 11th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $16.43.
Read Our Latest Research Report on PBI
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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