Pitney Bowes Inc. $PBI Stock Position Lowered by Hestia Capital Management LLC

Key Points

• Hestia Capital cut its Pitney Bowes stake by 26.3% in Q4, selling 3,018,521 shares but still holds 8,455,805 shares (5.25% of PBI), with Pitney Bowes making up 74.1% of Hestia's portfolio.
• CEO Kurt James Wolf sold 39,919 shares at about $11.14 under a Rule 10b5-1 plan (a 6.89% reduction) while a director purchased 4,000 shares; insiders have net sold 503,108 shares (~$5.36M) over the past 90 days.
• Analysts are mixed — MarketBeat's consensus is a Hold with a $11.25 target — even as Pitney Bowes beat Q1 EPS ($0.45 vs. $0.38), reported revenue down 7.5% YoY, set FY2026 EPS guidance of $1.40–$1.60, and the stock trades near $15.35 with a 2.3% yield.

Hestia Capital Management LLC lowered its holdings in Pitney Bowes Inc. (NYSE:PBI - Free Report) by 26.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,455,805 shares of the technology company's stock after selling 3,018,521 shares during the quarter. Pitney Bowes accounts for 74.1% of Hestia Capital Management LLC's holdings, making the stock its largest holding. Hestia Capital Management LLC owned 5.25% of Pitney Bowes worth $89,378,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Capital Management Corp VA boosted its stake in Pitney Bowes by 8.2% during the third quarter. Capital Management Corp VA now owns 2,337,760 shares of the technology company's stock worth $26,674,000 after buying an additional 176,180 shares during the period. Evergreen Wealth Management LLC purchased a new stake in shares of Pitney Bowes in the 3rd quarter valued at approximately $6,691,000. Allspring Global Investments Holdings LLC lifted its holdings in shares of Pitney Bowes by 76.8% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 555,747 shares of the technology company's stock worth $6,341,000 after acquiring an additional 241,465 shares during the last quarter. Mizuho Markets Americas LLC acquired a new position in shares of Pitney Bowes in the 3rd quarter worth approximately $7,683,000. Finally, Phoenix Financial Ltd. purchased a new position in shares of Pitney Bowes during the 3rd quarter worth approximately $3,493,000. Institutional investors and hedge funds own 67.88% of the company's stock.

Insider Buying and Selling at Pitney Bowes

In other news, CEO Kurt James Wolf sold 39,919 shares of Pitney Bowes stock in a transaction on Thursday, April 2nd. The shares were sold at an average price of $11.14, for a total transaction of $444,697.66. Following the completion of the sale, the chief executive officer directly owned 539,618 shares of the company's stock, valued at approximately $6,011,344.52. The trade was a 6.89% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Brent D. Rosenthal bought 4,000 shares of the stock in a transaction that occurred on Friday, March 13th. The shares were purchased at an average price of $10.22 per share, with a total value of $40,880.00. Following the purchase, the director owned 9,000 shares of the company's stock, valued at approximately $91,980. This represents a 80.00% increase in their position. The SEC filing for this purchase provides additional information. Over the last ninety days, insiders have sold 503,108 shares of company stock valued at $5,355,063. Corporate insiders own 6.50% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on PBI. Bank of America began coverage on shares of Pitney Bowes in a report on Tuesday, February 17th. They issued an "underperform" rating and a $9.00 target price for the company. Citigroup restated an "outperform" rating on shares of Pitney Bowes in a research report on Friday, April 17th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Pitney Bowes in a research note on Friday, March 27th. Zacks Research downgraded Pitney Bowes from a "strong-buy" rating to a "hold" rating in a report on Thursday, February 19th. Finally, Citizens Jmp increased their target price on Pitney Bowes from $13.00 to $14.00 and gave the stock a "market outperform" rating in a research note on Friday, April 17th. Two research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $11.25.

Pitney Bowes Stock Performance

Shares of Pitney Bowes stock opened at $15.35 on Friday. The business has a 50-day simple moving average of $11.13 and a 200-day simple moving average of $10.62. Pitney Bowes Inc. has a one year low of $8.24 and a one year high of $15.56. The company has a market cap of $2.20 billion, a PE ratio of 18.49, a P/E/G ratio of 0.99 and a beta of 1.39.

Pitney Bowes (NYSE:PBI - Get Free Report) last issued its earnings results on Tuesday, February 17th. The technology company reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.07. Pitney Bowes had a net margin of 7.65% and a negative return on equity of 36.91%. The firm had revenue of $477.63 million for the quarter, compared to analysts' expectations of $482.47 million. During the same quarter last year, the company earned $0.32 earnings per share. The firm's revenue 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. On average, sell-side analysts predict that Pitney Bowes Inc. will post 1.55 earnings per share for the current fiscal year.

Pitney Bowes Announces Dividend

The company also recently disclosed 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 2.3%. The ex-dividend date was Friday, February 27th. Pitney Bowes's dividend payout ratio (DPR) is presently 43.37%.

Key Stories Impacting Pitney Bowes

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

• Positive Sentiment: Sidoti sharply raised earnings forecasts across near-term and FY horizons — increasing Q1 estimates to ~$0.47–$0.49, lifting FY2026 to $1.58 and FY2027 to $1.67 — signaling improved analyst confidence in earnings power (multiple Sidoti estimate revisions reported by MarketBeat).
• Positive Sentiment: Zacks upgraded PBI to a Zacks Rank #2 (Buy) and published several bullish momentum/value pieces highlighting stronger estimate trends and relative strength, which can attract buy-side interest and momentum flows. What Makes Pitney Bowes (PBI) a New Buy Stock Momentum Stock Article
• Positive Sentiment: Market indicators show improving technical momentum — Pitney Bowes reportedly jumped to a 91 RS rating, which can draw attention from momentum/technical traders. RS Rating Story
• Neutral Sentiment: Company beat Q1 EPS in February and has reiterated FY guidance in a range that implies continued profitability improvement; analysts are revising EPS higher but revenue headwinds remain (see Sidoti estimate lifts noted above).
• Negative Sentiment: An insider sale was reported (EVP sold 169 shares at ~$14.25), a small disclosed reduction in a director-level position that may be viewed unfavorably by some investors despite its small size. Insider Sale SEC Filing
• Negative Sentiment: Some sell-side and independent commentary remains cautious: Goldman Sachs (via coverage summarized by TipRanks) continues to flag persistent revenue headwinds and maintained a Hold stance, and Seeking Alpha questioned the durability of the recent bounce — both can cap upside if revenue trends disappoint. TipRanks / Hold Coverage Seeking Alpha Article

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.

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