Kurt James Wolf Sells 160,289 Shares of Pitney Bowes (NYSE:PBI) Stock

Pitney Bowes Inc. (NYSE:PBI) CEO Kurt James Wolf sold 160,289 shares of the firm’s stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $11.06, for a total transaction of $1,772,796.34. Following the completion of the transaction, the chief executive officer directly owned 543,211 shares of the company’s stock, valued at approximately $6,007,913.66. This trade represents a 22.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Thursday, April 2nd, Kurt James Wolf sold 39,919 shares of Pitney Bowes stock. The shares were sold at an average price of $11.14, for a total transaction of $444,697.66.
• On Wednesday, March 11th, Kurt James Wolf sold 150,000 shares of Pitney Bowes stock. The shares were sold at an average price of $10.38, for a total transaction of $1,557,000.00.
• On Monday, February 23rd, Kurt James Wolf sold 150,000 shares of Pitney Bowes stock. The stock was sold at an average price of $10.30, for a total value of $1,545,000.00.

Pitney Bowes Price Performance

Pitney Bowes stock opened at $11.03 on Friday. The firm has a market capitalization of $1.58 billion, a P/E ratio of 13.29, a PEG ratio of 0.76 and a beta of 1.39. Pitney Bowes Inc. has a one year low of $7.39 and a one year high of $13.11. The business has a fifty day moving average price of $10.56 and a 200-day moving average price of $10.52.

Pitney Bowes (NYSE:PBI) last released its quarterly earnings data on Tuesday, February 17th. The technology company reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.07. Pitney Bowes had a negative return on equity of 36.91% and a net margin of 7.65%.The company had revenue of $477.63 million for the quarter, compared to analyst estimates of $482.47 million. During the same period in the previous year, the company posted $0.32 EPS. The firm’s revenue for the quarter was down 7.5% compared to the same quarter last year. Pitney Bowes has set its FY 2026 guidance at 1.400-1.600 EPS. Sell-side analysts expect that Pitney Bowes Inc. will post 1.21 earnings per share for the current fiscal year.

Pitney Bowes Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 30th. Stockholders of record on Friday, February 27th were issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend was Friday, February 27th. Pitney Bowes’s dividend payout ratio is presently 43.37%.

Institutional Investors Weigh In On Pitney Bowes

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. EverSource Wealth Advisors LLC lifted its position in Pitney Bowes by 41.3% during the second quarter. EverSource Wealth Advisors LLC now owns 3,472 shares of the technology company’s stock valued at $38,000 after purchasing an additional 1,015 shares during the last quarter. Hantz Financial Services Inc. increased its holdings in shares of Pitney Bowes by 190.9% in the 4th quarter. Hantz Financial Services Inc. now owns 3,747 shares of the technology company’s stock worth $40,000 after buying an additional 2,459 shares during the last quarter. UMB Bank n.a. raised its position in shares of Pitney Bowes by 404.6% during the 4th 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 in the last quarter. Canada Pension Plan Investment Board bought a new stake in shares of Pitney Bowes during the 2nd quarter worth $51,000. Finally, Copeland Capital Management LLC bought a new stake in shares of Pitney Bowes during the 4th quarter worth $65,000. 67.88% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Bank of America initiated coverage on shares of Pitney Bowes in a research note on Tuesday, February 17th. They set an “underperform” rating and a $9.00 price objective for the company. Weiss Ratings reissued a “hold (c)” rating on shares of Pitney Bowes in a report on Friday, March 27th. Zacks Research lowered shares of Pitney Bowes from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 19th. Citizens Jmp reaffirmed a “market outperform” rating and issued a $13.00 price target on shares of Pitney Bowes in a report on Wednesday, February 18th. Finally, Truist Financial started coverage on Pitney Bowes in a research note on Friday, December 12th. They set a “hold” rating and a $11.00 price objective for the company. Two research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Pitney Bowes presently has an average rating of “Hold” and a consensus price target of $11.00.

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.