Insider Selling: Pitney Bowes (NYSE:PBI) CEO Sells $1,772,796.34 in Stock

Pitney Bowes Inc. (NYSE:PBI) CEO Kurt James Wolf sold 160,289 shares of the stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $11.06, for a total value of $1,772,796.34. Following the completion of the sale, the chief executive officer directly owned 543,211 shares of the company’s stock, valued at approximately $6,007,913.66. This represents a 22.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• 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, March 11th, Kurt James Wolf sold 150,000 shares of Pitney Bowes stock. The shares were sold at an average price of $10.38, for a total value of $1,557,000.00.
• On Monday, February 23rd, Kurt James Wolf sold 150,000 shares of Pitney Bowes stock. The stock was sold at an average price of $10.30, for a total transaction of $1,545,000.00.

Pitney Bowes Price Performance

Pitney Bowes stock traded up $0.00 during trading hours on Friday, hitting $11.03. The company had a trading volume of 2,661,613 shares, compared to its average volume of 3,205,870. Pitney Bowes Inc. has a fifty-two week low of $7.39 and a fifty-two week high of $13.11. The firm has a market capitalization of $1.58 billion, a P/E ratio of 13.29, a price-to-earnings-growth ratio of 0.77 and a beta of 1.39. The firm’s fifty day moving average is $10.54 and its 200-day moving average is $10.53.

Pitney Bowes (NYSE:PBI) last issued its earnings results on Tuesday, February 17th. The technology company reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.07. Pitney Bowes had a net margin of 7.65% and a negative return on equity of 36.91%. The company had revenue of $477.63 million during the quarter, compared to analyst estimates of $482.47 million. During the same quarter last year, the business posted $0.32 EPS. The company’s revenue for the quarter was down 7.5% on a year-over-year basis. Pitney Bowes has set its FY 2026 guidance at 1.400-1.600 EPS. Analysts anticipate that Pitney Bowes Inc. will post 1.21 earnings per share for the current year.

Pitney Bowes Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 30th. Shareholders of record on Friday, February 27th were paid a $0.09 dividend. The ex-dividend date was Friday, February 27th. This represents a $0.36 dividend on an annualized basis and a yield of 3.3%. Pitney Bowes’s payout ratio is 43.37%.

Institutional Investors Weigh In On Pitney Bowes

Large investors have recently added to or reduced their stakes in the stock. State Street Corp raised its holdings in Pitney Bowes by 3.1% in the 2nd quarter. State Street Corp now owns 6,366,188 shares of the technology company’s stock worth $69,455,000 after acquiring an additional 188,886 shares during the period. LSV Asset Management boosted its holdings in Pitney Bowes by 246.7% during the fourth 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 period. Cannell & Spears LLC grew its position in shares of Pitney Bowes by 89.5% in the third quarter. Cannell & Spears LLC now owns 3,364,466 shares of the technology company’s stock valued at $38,389,000 after purchasing an additional 1,588,579 shares during the last quarter. Permit Capital LLC increased its stake in shares of Pitney Bowes by 14.0% in the fourth quarter. Permit Capital LLC now owns 3,250,000 shares of the technology company’s stock worth $34,352,000 after purchasing an additional 400,000 shares during the period. Finally, Capital Management Corp VA lifted its position in shares of Pitney Bowes by 25.3% during the 4th quarter. Capital Management Corp VA now owns 2,930,328 shares of the technology company’s stock worth $30,974,000 after purchasing an additional 592,568 shares during the last quarter. Institutional investors own 67.88% of the company’s stock.

Analyst Ratings Changes

PBI has been the subject of a number of recent research reports. Zacks Research downgraded Pitney Bowes from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 19th. Citizens Jmp restated a “market outperform” rating and issued a $13.00 price objective on shares of Pitney Bowes in a report on Wednesday, February 18th. Weiss Ratings reiterated a “hold (c)” rating on shares of Pitney Bowes in a research note on Friday, March 27th. Bank of America started coverage on shares of Pitney Bowes in a research note on Tuesday, February 17th. They set an “underperform” rating and a $9.00 price target on the stock. Finally, Truist Financial started coverage on shares of Pitney Bowes in a research note on Friday, December 12th. They issued a “hold” rating and a $11.00 price objective for the company. Two analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Pitney Bowes currently has a consensus rating of “Hold” and an average price target of $11.00.

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.