Insider Selling: Pitney Bowes (NYSE:PBI) CEO Sells $3,707,296.99 in Stock

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

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 value of $7,484,247.26.
• On Thursday, July 30th, Kurt James 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 James Wolf sold 316,280 shares of Pitney Bowes stock. The shares were sold at an average price of $17.10, for a total value 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 value of $944,609.51.
• On Thursday, July 2nd, Kurt James Wolf sold 150,000 shares of Pitney Bowes stock. The stock was sold at an average price of $16.83, for a total transaction 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 transaction 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 transaction 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 transaction 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 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.

Pitney Bowes Stock Performance

NYSE PBI opened at $18.25 on Thursday. The firm’s 50 day moving average price is $17.47 and its 200-day moving average price is $13.95. Pitney Bowes Inc. has a 52-week low of $8.95 and a 52-week high of $19.07. The company has a market cap of $2.50 billion, a PE ratio of 14.96, a P/E/G ratio of 0.74 and a beta of 1.63.

Pitney Bowes (NYSE:PBI) last issued its quarterly earnings data on Wednesday, July 29th. The technology company reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.09. The company had revenue of $451.50 million during the quarter, compared to the consensus estimate of $453.94 million. Pitney Bowes had a net margin of 10.04% and a negative return on equity of 31.37%. 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 posted $0.27 earnings per share. Pitney Bowes has set its FY 2026 guidance at 1.550-1.700 EPS. On average, analysts forecast that Pitney Bowes Inc. will post 1.68 earnings per share for the current fiscal year.

Pitney Bowes Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 8th. Stockholders of record on Monday, August 10th will be issued 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%.

Institutional Trading of Pitney Bowes

A number of institutional investors have recently made changes to their positions in PBI. Evanson Financial LLC purchased a new position in Pitney Bowes during the 2nd quarter worth $200,000. Baron Wealth Management LLC purchased a new stake in Pitney Bowes in the second quarter valued at about $176,000. Pacer Advisors Inc. purchased a new stake in Pitney Bowes in the first quarter valued at about $12,950,000. Bank of America Corp DE boosted its holdings in Pitney Bowes by 39.5% in the first quarter. Bank of America Corp DE now owns 326,865 shares of the technology company’s stock worth $3,612,000 after acquiring an additional 92,607 shares in the last quarter. Finally, Kentucky Retirement Systems acquired a new stake in Pitney Bowes in the first quarter worth about $184,000. Institutional investors and hedge funds own 67.88% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Truist Financial upped their price objective on Pitney Bowes from $15.00 to $18.00 and gave the stock a “hold” rating in a research note on Friday, July 31st. Citigroup reiterated a “market outperform” rating on shares of Pitney Bowes in a report on Friday, July 31st. Wall Street Zen raised shares of Pitney Bowes from a “buy” rating to a “strong-buy” rating in a research report on Saturday, April 25th. Bank of America upgraded shares of Pitney Bowes from an “underperform” rating to a “neutral” rating and raised their price target for the company from $9.50 to $16.50 in a report on Monday, May 11th. Finally, Weiss Ratings raised shares of Pitney Bowes from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, July 31st. Three equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $18.45.

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.