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 Pitney Bowes stock in a transaction that occurred 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 completion of the transaction, the chief executive officer directly owned 106,971 shares in the company, valued at approximately $1,864,504.53. This represents a 19.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, 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 shares were 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 stock was 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 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 stock was 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 shares were sold at an average price of $18.11, for a total value of $7,484,247.26.
• On Friday, July 31st, Kurt 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 Wolf sold 430,443 shares of Pitney Bowes stock. The stock was 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 Stock Down 0.0%

PBI traded down $0.01 during midday trading on Thursday, hitting $17.30. The company had a trading volume of 1,685,874 shares, compared to its average volume of 2,556,658. The stock’s 50 day moving average price is $17.40 and its 200 day moving average price is $15.32. Pitney Bowes Inc. has a 52 week low of $8.95 and a 52 week high of $19.07. The company has a market capitalization of $2.37 billion, a price-to-earnings ratio of 14.18, a PEG ratio of 0.69 and a beta of 1.64.

Pitney Bowes (NYSE:PBI) last released its quarterly earnings data on Wednesday, July 29th. The technology company reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.09. The company had revenue of $451.50 million for the quarter, compared to analysts’ expectations of $453.94 million. Pitney Bowes had a net margin of 10.04% and a negative return on equity of 31.37%. The business’s revenue was down 2.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.27 EPS. Pitney Bowes has set its FY 2026 guidance at 1.550-1.700 EPS. Research analysts predict that Pitney Bowes Inc. will post 1.68 EPS for the current year.

Pitney Bowes Announces Dividend

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

Hedge Funds Weigh In On Pitney Bowes

Hedge funds have recently bought and sold shares of the company. Longview Financial Advisors Inc. bought a new stake in shares of Pitney Bowes in the 1st quarter worth $26,000. Hantz Financial Services Inc. increased its stake in Pitney Bowes by 190.9% in the 4th 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 last quarter. Nykredit A S purchased a new stake in Pitney Bowes in the 2nd quarter valued at about $46,000. Public Employees Retirement System of Ohio bought a new position in shares of Pitney Bowes during the 2nd quarter worth approximately $46,000. Finally, Plato Investment Management Ltd bought a new position in Pitney Bowes in the 2nd quarter valued at $55,000. 67.88% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

PBI has been the subject of several recent research reports. Citizens Jmp boosted their price objective on Pitney Bowes from $19.00 to $22.00 and gave the company a “market outperform” rating in a report on Friday, July 31st. Citigroup reaffirmed a “market outperform” rating on shares of Pitney Bowes in a research report on Friday, July 31st. Zacks Research upgraded Pitney Bowes from a “hold” rating to a “strong-buy” rating in a report on Monday, August 10th. The Goldman Sachs Group reissued a “neutral” rating and issued a $17.30 price target on shares of Pitney Bowes in a research report on Thursday, July 30th. Finally, Truist Financial boosted their price target on shares of Pitney Bowes from $15.00 to $18.00 and gave the company a “hold” rating in a research note on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Pitney Bowes currently has an average rating of “Moderate Buy” and a consensus price target of $18.45.

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.