Insider Selling: Pitney Bowes (NYSE:PBI) CEO Sells $33,446.40 in Stock

Pitney Bowes Inc. (NYSE:PBI) CEO Kurt James Wolf sold 1,920 shares of the firm’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 transaction of $33,446.40. Following the sale, the chief executive officer directly owned 122,790 shares in the company, valued at approximately $2,139,001.80. The trade was a 1.54% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

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 stock was 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 stock was sold at an average price of $18.11, for a total transaction 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 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 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 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.

Pitney Bowes Stock Up 1.7%

NYSE:PBI opened at $17.40 on Thursday. The firm’s fifty day simple moving average is $17.41 and its 200-day simple moving average is $14.85. The stock has a market cap of $2.39 billion, a PE ratio of 14.26, a price-to-earnings-growth ratio of 0.69 and a beta of 1.64. Pitney Bowes Inc. has a fifty-two week low of $8.95 and a fifty-two week high of $19.07.

Pitney Bowes (NYSE:PBI) last announced its quarterly earnings data on Wednesday, July 29th. The technology company reported $0.43 EPS for the quarter, beating the consensus estimate 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 firm had revenue of $451.50 million during the quarter, compared to analysts’ expectations of $453.94 million. During the same quarter last year, the business earned $0.27 earnings per share. The business’s revenue for the quarter was down 2.4% compared to the same quarter last year. Pitney Bowes has set its FY 2026 guidance at 1.550-1.700 EPS. Equities analysts anticipate that Pitney Bowes Inc. will post 1.68 earnings per share for the current year.

Pitney Bowes Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 8th. Stockholders of record on Monday, August 10th will be given a $0.01 dividend. The ex-dividend date is Monday, August 10th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.2%. Pitney Bowes’s dividend payout ratio (DPR) is currently 32.79%.

Wall Street Analysts Forecast Growth

PBI has been the subject of several recent research reports. Weiss Ratings upgraded shares of Pitney Bowes from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, July 31st. Truist Financial upped their price target on shares of Pitney Bowes from $15.00 to $18.00 and gave the company a “hold” 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. Citizens Jmp raised their price objective on shares of Pitney Bowes from $19.00 to $22.00 and gave the stock a “market outperform” rating in a research note on Friday, July 31st. Finally, Citigroup restated a “market outperform” rating on shares of Pitney Bowes in a research report on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $18.45.

Hedge Funds Weigh In On Pitney Bowes

A number of hedge funds have recently made changes to their positions in PBI. BlackRock Inc. acquired a new stake in Pitney Bowes during the second quarter worth about $220,473,000. California State Teachers Retirement System grew its holdings in shares of Pitney Bowes by 1,606.1% during the 2nd quarter. California State Teachers Retirement System now owns 3,454,611 shares of the technology company’s stock worth $60,525,000 after purchasing an additional 3,252,127 shares during the period. LSV Asset Management increased its position in Pitney Bowes by 246.7% during the 4th quarter. LSV Asset Management now owns 4,197,189 shares of the technology company’s stock worth $44,364,000 after purchasing an additional 2,986,689 shares in the last quarter. Bank of New York Mellon Corp purchased a new position in Pitney Bowes in the second quarter valued at approximately $28,683,000. Finally, Hsbc Holdings PLC purchased a new position in Pitney Bowes in the second quarter valued at approximately $27,762,000. Institutional investors and hedge funds own 67.88% of the company’s stock.

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.