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

Pitney Bowes Inc. (NYSE:PBI) CEO Kurt Wolf sold 25,371 shares of the firm’s stock in a transaction dated Wednesday, September 16th. The stock was sold at an average price of $17.43, for a total transaction of $442,216.53. Following the sale, the chief executive officer owned 106,971 shares of the company’s stock, valued at $1,864,504.53. This trade represents a 19.17% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

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 stock was sold at an average price of $17.43, for a total transaction 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 transaction of $2,596,500.00.
• On Friday, August 28th, Kurt Wolf sold 397 shares of Pitney Bowes stock. The shares were sold at an average price of $17.42, for a total transaction of $6,915.74.
• On Thursday, August 27th, Kurt Wolf sold 1,920 shares of Pitney Bowes stock. The stock was sold at an average price of $17.42, for a total transaction 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 value 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 value 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 value of $5,408,388.00.
• On Monday, July 6th, Kurt Wolf sold 55,861 shares of Pitney Bowes stock. The shares were sold at an average price of $16.91, for a total value 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 value of $2,524,500.00.

Pitney Bowes Trading Down 0.0%

Shares of PBI stock traded down $0.01 on Thursday, hitting $17.30. 1,685,874 shares of the stock were exchanged, compared to its average volume of 2,556,658. The firm has a market capitalization of $2.37 billion, a PE ratio of 14.18, a P/E/G ratio of 0.69 and a beta of 1.64. Pitney Bowes Inc. has a one year low of $8.95 and a one year high of $19.07. The firm’s 50 day moving average is $17.40 and its two-hundred day moving average is $15.32.

Pitney Bowes (NYSE:PBI) last announced its quarterly earnings data 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 for the quarter, compared to analysts’ expectations of $453.94 million. Pitney Bowes had a negative return on equity of 31.37% and a net margin of 10.04%.The firm’s quarterly revenue was down 2.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.27 EPS. Pitney Bowes has set its FY 2026 guidance at 1.550-1.700 EPS. On average, sell-side analysts expect that Pitney Bowes Inc. will post 1.68 earnings per share for the current year.

Pitney Bowes Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 8th. Investors of record on Monday, August 10th were paid 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 was Monday, August 10th. Pitney Bowes’s dividend payout ratio is presently 32.79%.

Analyst Upgrades and Downgrades

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

Institutional Investors Weigh In On Pitney Bowes

Hedge funds have recently bought and sold shares of the stock. Gamco Investors INC. ET AL increased its stake in Pitney Bowes by 33.8% in the fourth quarter. Gamco Investors INC. ET AL now owns 491,200 shares of the technology company’s stock valued at $5,192,000 after acquiring an additional 124,000 shares during the last quarter. GSA Capital Partners LLP purchased a new position in Pitney Bowes in the 4th quarter worth $1,802,000. Hsbc Holdings PLC lifted its stake in Pitney Bowes by 824.5% in the second quarter. Hsbc Holdings PLC now owns 1,587,274 shares of the technology company’s stock worth $27,762,000 after purchasing an additional 1,415,590 shares during the last quarter. Bank of New York Mellon Corp bought a new stake in Pitney Bowes in the second quarter worth $28,683,000. Finally, Permit Capital LLC grew its stake in shares of Pitney Bowes by 14.0% during the fourth quarter. Permit Capital LLC now owns 3,250,000 shares of the technology company’s stock valued at $34,352,000 after buying an additional 400,000 shares during the last quarter. 67.88% of the stock is currently owned by institutional investors.

Pitney Bowes Company Profile

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.