Pitney Bowes (NYSE:PBI) CEO Kurt James Wolf Sells 210,871 Shares of Stock

Pitney Bowes Inc. (NYSE:PBI) CEO Kurt James Wolf sold 210,871 shares of the stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $17.02, for a total transaction of $3,589,024.42. Following the transaction, the chief executive officer directly owned 293,977 shares in the company, valued at $5,003,488.54. The trade was a 41.77% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

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

• 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 transaction of $5,617,224.60.
• 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 transaction of $4,759,310.81.
• On Friday, May 22nd, Kurt James Wolf sold 40,476 shares of Pitney Bowes stock. The stock was sold at an average price of $15.62, for a total transaction of $632,235.12.
• On Friday, May 8th, Kurt James Wolf sold 389,161 shares of Pitney Bowes stock. The stock was sold at an average price of $15.69, for a total transaction of $6,105,936.09.
• On Thursday, May 7th, Kurt James Wolf sold 597,224 shares of Pitney Bowes stock. The stock was sold at an average price of $15.59, for a total transaction of $9,310,722.16.
• On Wednesday, May 6th, Kurt James Wolf sold 966,561 shares of Pitney Bowes stock. The stock was sold at an average price of $14.58, for a total transaction of $14,092,459.38.
• On Thursday, April 2nd, Kurt James Wolf sold 39,919 shares of Pitney Bowes stock. The stock was sold at an average price of $11.14, for a total transaction of $444,697.66.
• On Wednesday, April 1st, Kurt James Wolf sold 160,289 shares of Pitney Bowes stock. The stock was sold at an average price of $11.06, for a total transaction of $1,772,796.34.

Pitney Bowes Price Performance

Pitney Bowes stock opened at $17.30 on Friday. The company has a market capitalization of $2.34 billion, a price-to-earnings ratio of 16.79, a PEG ratio of 0.77 and a beta of 1.63. Pitney Bowes Inc. has a one year low of $8.95 and a one year high of $17.59. The company’s fifty day moving average price is $14.80 and its two-hundred day moving average price is $11.95.

Pitney Bowes (NYSE:PBI) last posted its earnings results on Tuesday, May 5th. The technology company reported $0.47 EPS for the quarter, hitting the consensus estimate of $0.47. The firm had revenue of $477.41 million for the quarter, compared to the consensus estimate of $471.83 million. Pitney Bowes had a net margin of 8.92% and a negative return on equity of 33.41%. The business’s quarterly revenue was down 3.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.33 earnings per share. As a group, sell-side analysts anticipate that Pitney Bowes Inc. will post 1.62 earnings per share for the current year.

Pitney Bowes Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 5th. Stockholders of record on Monday, May 18th were given a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend was Monday, May 18th. Pitney Bowes’s dividend payout ratio (DPR) is currently 38.83%.

More Pitney Bowes News

Here are the key news stories impacting Pitney Bowes this week:

• Positive Sentiment: Zacks added Pitney Bowes to its Rank #1 (Strong Buy) growth stocks list, which can draw momentum and value investors looking for improving earnings estimates and growth prospects. Best Growth Stocks to Buy for June 11th
• Positive Sentiment: Zacks highlighted momentum in Pitney Bowes’ shipping software business, citing rising subscriptions, stronger bookings, and banking-based services as potential long-term growth drivers. Will Shipping Software Become Pitney Bowes’ Next Growth Engine?
• Neutral Sentiment: A Zacks piece asked whether value investors should buy PBI, but it did not include a clear rating change or major new catalyst. Should Value Investors Buy Pitney Bowes (PBI) Stock?
• Negative Sentiment: CEO Kurt James Wolf disclosed multiple large stock sales over June 10-12, reducing his ownership substantially; investors often view heavy insider selling as a cautionary signal. SEC filing

Institutional Investors Weigh In On Pitney Bowes

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 in the first quarter valued at about $26,000. EverSource Wealth Advisors LLC lifted its stake in shares of Pitney Bowes by 41.3% in the second quarter. EverSource Wealth Advisors LLC now owns 3,472 shares of the technology company’s stock valued at $38,000 after buying an additional 1,015 shares during the period. Hantz Financial Services Inc. lifted its stake in shares of 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 during the period. UMB Bank n.a. lifted its stake in shares of 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 during the period. Finally, Canada Pension Plan Investment Board bought a new stake in shares of Pitney Bowes in the second quarter valued at about $51,000. Institutional investors own 67.88% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on PBI shares. Zacks Research raised Pitney Bowes from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 7th. Truist Financial raised their price target on Pitney Bowes from $11.00 to $15.00 and gave the company a “hold” rating in a research report on Thursday, May 7th. Weiss Ratings raised Pitney Bowes from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, May 8th. Citigroup reaffirmed an “outperform” rating on shares of Pitney Bowes in a research report on Friday, June 5th. Finally, The Goldman Sachs Group set a $15.20 price target on Pitney Bowes in a research report on Friday, May 8th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $16.43.

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.