Pitney Bowes (NYSE:PBI) CEO Kurt James Wolf Sells 1,920 Shares

Pitney Bowes Inc. (NYSE:PBIGet Free Report) CEO Kurt James Wolf sold 1,920 shares of the business’s stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $17.42, for a total value of $33,446.40. Following the completion of the transaction, the chief executive officer owned 122,790 shares in the company, valued at $2,139,001.80. The trade was a 1.54% decrease in their position. The sale 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 Friday, August 28th, Kurt James Wolf sold 397 shares of Pitney Bowes stock. The shares were sold at an average price of $17.42, for a total value of $6,915.74.
  • 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 value 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 value of $3,707,296.99.
  • On Thursday, July 30th, Kurt James 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 James 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 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 shares were 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 stock was sold at an average price of $17.40, for a total transaction of $5,617,224.60.
  • On Thursday, June 11th, Kurt James Wolf sold 210,871 shares of Pitney Bowes stock. The stock was sold at an average price of $17.02, for a total transaction 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 transaction of $4,759,310.81.

Pitney Bowes Stock Down 0.5%

PBI opened at $17.13 on Tuesday. Pitney Bowes Inc. has a twelve month low of $8.95 and a twelve month high of $19.07. The company’s 50-day moving average price is $17.41 and its two-hundred day moving average price is $14.75. The stock has a market cap of $2.35 billion, a price-to-earnings ratio of 14.04, a PEG ratio of 0.69 and a beta of 1.63.

Pitney Bowes (NYSE:PBIGet Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The technology company reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.09. The company had revenue of $451.50 million during the quarter, compared to analyst estimates of $453.94 million. Pitney Bowes had a net margin of 10.04% and a negative return on equity of 31.37%. Pitney Bowes’s quarterly revenue was down 2.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.27 EPS. Pitney Bowes has set its FY 2026 guidance at 1.550-1.700 EPS. As a group, sell-side analysts anticipate that Pitney Bowes Inc. will post 1.68 earnings per share for the current year.

Pitney Bowes Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 8th. Shareholders of record on Monday, August 10th will be given 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 is Monday, August 10th. Pitney Bowes’s dividend payout ratio (DPR) is currently 32.79%.

Institutional Trading of Pitney Bowes

Several institutional investors have recently added to or reduced their stakes in the business. Longview Financial Advisors Inc. bought a new position in shares of Pitney Bowes during the first quarter valued at about $26,000. EverSource Wealth Advisors LLC lifted its stake in shares of Pitney Bowes by 41.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,472 shares of the technology company’s stock valued at $38,000 after acquiring an additional 1,015 shares during the last quarter. Hantz Financial Services Inc. boosted its holdings in Pitney Bowes by 190.9% during the 4th quarter. Hantz Financial Services Inc. now owns 3,747 shares of the technology company’s stock valued at $40,000 after acquiring an additional 2,459 shares during the period. UMB Bank n.a. boosted its holdings in Pitney Bowes by 404.6% during the 4th quarter. UMB Bank n.a. now owns 4,022 shares of the technology company’s stock valued at $43,000 after acquiring an additional 3,225 shares during the period. Finally, Nykredit A S bought a new position in Pitney Bowes during the 2nd quarter worth approximately $46,000. 67.88% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on PBI. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $17.30 target price on shares of Pitney Bowes in a research note on Thursday, July 30th. Citizens Jmp increased their price target 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 research report on Monday, August 10th. Citigroup reaffirmed a “market outperform” rating on shares of Pitney Bowes in a report on Friday, July 31st. Finally, Truist Financial upped their target price on shares of Pitney Bowes from $15.00 to $18.00 and gave the stock a “hold” rating in a research report on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, Pitney Bowes has an average rating of “Moderate Buy” and an average price target of $18.45.

Read Our Latest Stock Analysis on Pitney Bowes

About Pitney Bowes

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

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