Pitney Bowes (NYSE:PBI) CEO Kurt James Wolf Sells 25,371 Shares of Stock

Pitney Bowes Inc. (NYSE:PBI) CEO Kurt Wolf sold 25,371 shares of the company’s stock in a transaction on Wednesday, September 16th. The stock was sold at an average price of $17.43, for a total value of $442,216.53. Following the sale, the chief executive officer owned 106,971 shares of the company’s stock, valued at approximately $1,864,504.53. The trade was a 19.17% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Thursday, September 17th, Kurt Wolf sold 23,887 shares of Pitney Bowes stock. The shares were sold at an average price of $17.43, for a total value of $416,350.41.
• On Tuesday, September 15th, Kurt Wolf sold 150,000 shares of Pitney Bowes stock. The shares were sold at an average price of $17.31, for a total value of $2,596,500.00.
• On Friday, August 28th, Kurt Wolf sold 397 shares of Pitney Bowes stock. The stock was sold at an average price of $17.42, for a total value of $6,915.74.
• On Thursday, August 27th, Kurt Wolf sold 1,920 shares of Pitney Bowes stock. The shares were sold at an average price of $17.42, for a total value of $33,446.40.
• On Monday, August 3rd, Kurt 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 Friday, July 31st, Kurt Wolf sold 211,483 shares of Pitney Bowes stock. The shares were sold at an average price of $17.53, for a total transaction of $3,707,296.99.
• On Thursday, July 30th, Kurt Wolf sold 430,443 shares of Pitney Bowes stock. The shares were sold at an average price of $18.23, for a total transaction of $7,846,975.89.
• On Tuesday, July 7th, Kurt Wolf sold 316,280 shares of Pitney Bowes stock. The stock was sold at an average price of $17.10, for a total transaction of $5,408,388.00.
• On Monday, July 6th, Kurt 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 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.

Pitney Bowes Trading Down 0.0%

Shares of Pitney Bowes stock opened at $17.30 on Friday. The company has a fifty day moving average price of $17.39 and a 200 day moving average price of $15.37. Pitney Bowes Inc. has a twelve month low of $8.95 and a twelve month high of $19.07. The stock has a market cap of $2.37 billion, a price-to-earnings ratio of 14.18, a price-to-earnings-growth ratio of 0.69 and a beta of 1.64.

Pitney Bowes (NYSE:PBI) last posted its earnings results on Wednesday, July 29th. The technology company reported $0.43 earnings per share (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 analyst estimates of $453.94 million. Pitney Bowes had a negative return on equity of 31.37% and a net margin of 10.04%.The company’s revenue for the quarter was down 2.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.27 earnings per share. Pitney Bowes has set its FY 2026 guidance at 1.550-1.700 EPS. Analysts forecast that Pitney Bowes Inc. will post 1.68 earnings per share for the current year.

Pitney Bowes Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 8th. Stockholders of record on Monday, August 10th were given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend was Monday, August 10th. Pitney Bowes’s payout ratio is presently 32.79%.

Analyst Upgrades and Downgrades

PBI has been the topic of several analyst reports. Truist Financial lifted their price target on shares of Pitney Bowes from $15.00 to $18.00 and gave the stock a “hold” rating in a research note on Friday, July 31st. Weiss Ratings raised Pitney Bowes from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, July 31st. The Goldman Sachs Group reiterated a “neutral” rating and issued a $17.30 price target on shares of Pitney Bowes in a research note on Thursday, July 30th. Citigroup restated a “market outperform” rating on shares of Pitney Bowes in a research note on Friday, July 31st. Finally, Zacks Research upgraded Pitney Bowes from a “hold” rating to a “strong-buy” rating in a report on Monday, August 10th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, Pitney Bowes presently has an average rating of “Moderate Buy” and a consensus price target of $18.45.

Institutional Trading of Pitney Bowes

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Engineers Gate Manager LP lifted its stake in Pitney Bowes by 474.9% during the second quarter. Engineers Gate Manager LP now owns 163,860 shares of the technology company’s stock worth $2,871,000 after purchasing an additional 135,357 shares during the last quarter. IFP Advisors Inc boosted its holdings in shares of Pitney Bowes by 5,373.7% in the 2nd quarter. IFP Advisors Inc now owns 3,120 shares of the technology company’s stock valued at $55,000 after buying an additional 3,063 shares during the period. Nykredit A S acquired a new stake in Pitney Bowes during the second quarter worth about $46,000. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in Pitney Bowes in the second quarter worth about $301,000. Finally, HB Wealth Management LLC boosted its stake in Pitney Bowes by 1.0% in the second quarter. HB Wealth Management LLC now owns 63,088 shares of the technology company’s stock valued at $1,105,000 after acquiring an additional 642 shares during the period. 67.88% of the stock is owned by institutional investors.

About Pitney Bowes

Pitney Bowes Inc (NYSE:PBI) is a global technology, shipping and mailing company that provides solutions for businesses managing physical and digital communications, parcels and mail. Its offerings include mailing and shipping equipment, software, supplies, services and financing options designed to help organizations process, track and deliver items.

The company operates through businesses focused on shipping and mailing technology and presort services. Its products and services include postage meters and other mailroom equipment, cloud-based shipping and mailing software, parcel management tools, address and data services, and outsourced mail processing.