Kurt James Wolf Sells 39,919 Shares of Pitney Bowes (NYSE:PBI) Stock

Pitney Bowes Inc. (NYSE:PBI) CEO Kurt James Wolf sold 39,919 shares of the firm’s stock in a transaction on Thursday, April 2nd. The stock was sold at an average price of $11.14, for a total transaction of $444,697.66. Following the transaction, the chief executive officer directly owned 539,618 shares of the company’s stock, valued at approximately $6,011,344.52. This represents a 6.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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 Wednesday, April 1st, Kurt James Wolf sold 160,289 shares of Pitney Bowes stock. The shares were sold at an average price of $11.06, for a total transaction of $1,772,796.34.
• On Wednesday, March 11th, Kurt James Wolf sold 150,000 shares of Pitney Bowes stock. The stock was 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 Stock Up 0.0%

Shares of Pitney Bowes stock opened at $11.03 on Friday. The business has a 50-day moving average price of $10.56 and a 200 day moving average price of $10.52. Pitney Bowes Inc. has a fifty-two week low of $7.39 and a fifty-two week high of $13.11. The firm has a market cap of $1.58 billion, a P/E ratio of 13.29, a P/E/G ratio of 0.76 and a beta of 1.39.

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

Pitney Bowes Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 30th. Shareholders of record on Friday, February 27th were paid a dividend of $0.09 per share. The ex-dividend date was Friday, February 27th. This represents a $0.36 annualized dividend and a yield of 3.3%. Pitney Bowes’s payout ratio is presently 43.37%.

Wall Street Analysts Forecast Growth

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

Hedge Funds Weigh In On Pitney Bowes

Institutional investors have recently modified their holdings of the company. EverSource Wealth Advisors LLC lifted its position in Pitney Bowes by 41.3% in the 2nd 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. grew its position 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 worth $40,000 after purchasing an additional 2,459 shares during the last quarter. UMB Bank n.a. grew its position in Pitney Bowes by 404.6% in the 4th quarter. UMB Bank n.a. now owns 4,022 shares of the technology company’s stock worth $43,000 after purchasing an additional 3,225 shares during the last quarter. Canada Pension Plan Investment Board acquired a new stake in shares of Pitney Bowes in the second quarter valued at approximately $51,000. Finally, Copeland Capital Management LLC acquired a new stake in shares of Pitney Bowes in the fourth quarter valued at approximately $65,000. Institutional investors own 67.88% of the company’s stock.

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.