Insider Selling: Pitney Bowes (NYSE:PBI) CEO Sells 211,483 Shares of Stock

Pitney Bowes Inc. (NYSE:PBI) CEO Kurt James Wolf sold 211,483 shares of the business’s stock in a transaction dated Friday, July 31st. The shares were sold at an average price of $17.53, for a total transaction of $3,707,296.99. Following the completion of the sale, the chief executive officer directly owned 160,157 shares of the company’s stock, valued at $2,807,552.21. This represents a 56.91% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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 stock was sold at an average price of $18.11, for a total transaction of $7,484,247.26.
• 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 transaction of $7,846,975.89.
• On Tuesday, July 7th, Kurt James Wolf sold 316,280 shares of Pitney Bowes stock. The shares were sold at an average price of $17.10, for a total transaction of $5,408,388.00.
• On Monday, July 6th, Kurt James 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 James Wolf sold 150,000 shares of Pitney Bowes stock. The shares were 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 stock was 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 stock was 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.

Pitney Bowes Stock Up 2.8%

Shares of PBI traded up $0.50 during trading hours on Monday, hitting $18.03. 3,119,058 shares of the company were exchanged, compared to its average volume of 2,776,568. The company has a market cap of $2.47 billion, a price-to-earnings ratio of 14.78, a P/E/G ratio of 0.77 and a beta of 1.63. Pitney Bowes Inc. has a fifty-two week low of $8.95 and a fifty-two week high of $19.07. The firm’s fifty day moving average is $17.31 and its 200 day moving average is $13.79.

Pitney Bowes (NYSE:PBI) last posted its quarterly earnings results on Wednesday, July 29th. The technology company reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.09. The business had revenue of $451.50 million during 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 revenue for the quarter was down 2.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.27 earnings per share. Pitney Bowes has set its FY 2026 guidance at 1.550-1.700 EPS. Analysts anticipate that Pitney Bowes Inc. will post 1.65 EPS for the current year.

Pitney Bowes Announces Dividend

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 issued a $0.01 dividend. This represents a $0.04 annualized dividend 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%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on PBI shares. Wall Street Zen raised shares of Pitney Bowes from a “buy” rating to a “strong-buy” rating in a report on Saturday, April 25th. The Goldman Sachs Group reissued a “neutral” rating and issued a $17.30 price objective on shares of Pitney Bowes in a research note on Thursday. Truist Financial boosted their price objective on shares of Pitney Bowes from $15.00 to $18.00 and gave the company a “hold” rating in a research report on Friday. Weiss Ratings upgraded Pitney Bowes from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday. Finally, Citizens Jmp boosted their price target on Pitney Bowes from $19.00 to $22.00 and gave the stock a “market outperform” rating in a report on Friday. Three investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $18.45.

Institutional Investors Weigh In On Pitney Bowes

A number of hedge funds have recently made changes to their positions in the stock. Longview Financial Advisors Inc. bought a new stake in shares of Pitney Bowes during the 1st quarter valued at approximately $26,000. EverSource Wealth Advisors LLC lifted its stake in 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 purchasing an additional 1,015 shares during the last quarter. Hantz Financial Services Inc. boosted its position in Pitney Bowes by 190.9% in the fourth quarter. Hantz Financial Services Inc. now owns 3,747 shares of the technology company’s stock valued at $40,000 after buying an additional 2,459 shares in the last quarter. UMB Bank n.a. boosted its position in Pitney Bowes by 404.6% in the fourth quarter. UMB Bank n.a. now owns 4,022 shares of the technology company’s stock valued at $43,000 after buying an additional 3,225 shares in the last quarter. Finally, Canada Pension Plan Investment Board acquired a new stake in Pitney Bowes in the second quarter valued at approximately $51,000. 67.88% of the stock is currently owned by institutional investors and hedge funds.

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.