Pitney Bowes (NYSE:PBI) CEO Kurt James Wolf Sells 430,443 Shares

Pitney Bowes Inc. (NYSE:PBIGet Free Report) CEO Kurt James Wolf sold 430,443 shares of the company’s stock in a transaction on Thursday, July 30th. The stock was sold at an average price of $18.23, for a total value of $7,846,975.89. Following the sale, the chief executive officer directly owned 179,190 shares in the company, valued at $3,266,633.70. This represents a 70.61% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Kurt James Wolf also recently made the following trade(s):

  • 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 stock was sold at an average price of $17.53, for a total value of $3,707,296.99.
  • 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 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 shares were 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 stock was 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 stock was sold at an average price of $15.62, for a total transaction 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 Trading Up 2.8%

NYSE:PBI traded up $0.50 during mid-day trading on Monday, hitting $18.03. The stock had a trading volume of 3,119,058 shares, compared to its average volume of 2,776,568. The stock has a 50-day simple moving average of $17.31 and a two-hundred day simple moving average of $13.79. The company has a market capitalization of $2.47 billion, a PE ratio of 14.78, a PEG ratio of 0.77 and a beta of 1.63. Pitney Bowes Inc. has a twelve month low of $8.95 and a twelve month high of $19.07.

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 analysts’ consensus estimates of $0.34 by $0.09. Pitney Bowes had a net margin of 10.04% and a negative return on equity of 31.37%. The company had revenue of $451.50 million during the quarter, compared to the consensus estimate of $453.94 million. During the same quarter in the previous year, the firm earned $0.27 earnings per share. The firm’s quarterly revenue was down 2.4% on a year-over-year basis. Pitney Bowes has set its FY 2026 guidance at 1.550-1.700 EPS. Sell-side analysts predict that Pitney Bowes Inc. will post 1.65 EPS for the current fiscal year.

Pitney Bowes Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 8th. Stockholders of record on Monday, August 10th will be given 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 of this dividend is Monday, August 10th. Pitney Bowes’s payout ratio is 32.79%.

Analyst Ratings Changes

Several research firms recently commented on PBI. Zacks Research lowered Pitney Bowes from a “strong-buy” rating to a “hold” rating in a report on Friday, July 10th. Weiss Ratings raised Pitney Bowes from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday. Truist Financial lifted their price target on Pitney Bowes from $15.00 to $18.00 and gave the stock a “hold” rating in a report on Friday. Citigroup reaffirmed a “market outperform” rating on shares of Pitney Bowes in a research report on Friday. Finally, The Goldman Sachs Group reiterated a “neutral” rating and issued a $17.30 price objective on shares of Pitney Bowes in a report on Thursday. Three analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $18.45.

Read Our Latest Stock Report on PBI

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of PBI. Evanson Financial LLC purchased a new position in shares of Pitney Bowes in the 2nd quarter valued at $200,000. Baron Wealth Management LLC purchased a new stake in Pitney Bowes in the second quarter valued at $176,000. Pacer Advisors Inc. purchased a new stake in Pitney Bowes in the first quarter valued at $12,950,000. Bank of America Corp DE boosted its stake in Pitney Bowes by 39.5% in the first quarter. Bank of America Corp DE now owns 326,865 shares of the technology company’s stock valued at $3,612,000 after acquiring an additional 92,607 shares in the last quarter. Finally, Kentucky Retirement Systems acquired a new position in Pitney Bowes in the first quarter valued at $184,000. Institutional investors and hedge funds own 67.88% of the company’s stock.

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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