Insider Selling: Pitney Bowes (NYSE:PBI) EVP Sells $168,900.00 in Stock

Key Points

• Insider sale: EVP Todd Everett sold 10,000 Pitney Bowes shares for approximately $168,900, reducing his position by 10.41% to 86,048 shares.
• Quarterly performance: Pitney Bowes reported adjusted earnings of $0.43 per share, beating estimates of $0.34, while quarterly revenue fell 2.4% year over year to $451.5 million. The company maintained fiscal 2026 EPS guidance of $1.55–$1.70.
• Market outlook: Shares traded near $16.98, and analysts gave the stock a “Moderate Buy” consensus with an average price target of $18.45. Institutional investors own approximately 67.9% of the company.

Pitney Bowes Inc. (NYSE:PBI - Get Free Report) EVP Todd Everett sold 10,000 shares of the company's stock in a transaction on Thursday, September 10th. The shares were sold at an average price of $16.89, for a total transaction of $168,900.00. Following the sale, the executive vice president owned 86,048 shares of the company's stock, valued at $1,453,350.72. The trade was a 10.41% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Pitney Bowes Trading Up 0.1%

Shares of NYSE:PBI traded up $0.01 during midday trading on Friday, hitting $16.98. The company had a trading volume of 211,461 shares, compared to its average volume of 2,566,290. Pitney Bowes Inc. has a 12 month low of $8.95 and a 12 month high of $19.07. The stock has a market cap of $2.33 billion, a price-to-earnings ratio of 13.92, a PEG ratio of 0.69 and a beta of 1.64. The firm has a fifty day simple moving average of $17.38 and a 200 day simple moving average of $15.14.

Pitney Bowes (NYSE:PBI - Get Free Report) last announced 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. Pitney Bowes had a negative return on equity of 31.37% and a net margin of 10.04%.The business had revenue of $451.50 million during the quarter, compared to analysts' expectations of $453.94 million. During the same period in the previous year, the firm earned $0.27 earnings per share. The firm's quarterly revenue was down 2.4% compared to the same quarter last year. Pitney Bowes has set its FY 2026 guidance at 1.550-1.700 EPS. Equities analysts forecast that Pitney Bowes Inc. will post 1.68 EPS for the current fiscal year.

Pitney Bowes Dividend Announcement

• Pitney Bowes NYSE: PBI is Surging, Is it Too Risky?

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 8th. Investors of record on Monday, August 10th were paid a dividend of $0.01 per share. The ex-dividend date of this dividend was Monday, August 10th. This represents a $0.04 annualized dividend and a yield of 0.2%. Pitney Bowes's dividend payout ratio (DPR) is presently 32.79%.

Hedge Funds Weigh In On Pitney Bowes

A number of large investors have recently bought and sold shares of the company. Gamco Investors INC. ET AL boosted its stake in shares of Pitney Bowes by 33.8% during the 4th quarter. Gamco Investors INC. ET AL now owns 491,200 shares of the technology company's stock worth $5,192,000 after acquiring an additional 124,000 shares during the period. GSA Capital Partners LLP bought a new stake in Pitney Bowes in the 4th quarter valued at $1,802,000. Evergreen Wealth Management LLC raised its stake in Pitney Bowes by 19.1% in the 4th quarter. Evergreen Wealth Management LLC now owns 698,354 shares of the technology company's stock valued at $7,382,000 after acquiring an additional 111,936 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in Pitney Bowes during the 4th quarter valued at $2,100,000. Finally, Permit Capital LLC lifted its holdings in Pitney Bowes by 14.0% during the 4th quarter. Permit Capital LLC now owns 3,250,000 shares of the technology company's stock valued at $34,352,000 after purchasing an additional 400,000 shares during the last quarter. Institutional investors and hedge funds own 67.88% of the company's stock.

Analysts Set New Price Targets

PBI has been the topic of several research analyst reports. The Goldman Sachs Group reaffirmed a "neutral" rating and set a $17.30 price objective on shares of Pitney Bowes in a research note on Thursday, July 30th. Truist Financial increased their price target on Pitney Bowes from $15.00 to $18.00 and gave the stock a "hold" rating in a report on Friday, July 31st. Weiss Ratings upgraded Pitney Bowes from a "hold (c+)" rating to a "buy (b-)" rating in a report on Friday, July 31st. Citigroup reiterated a "market outperform" rating on shares of Pitney Bowes in a report on Friday, July 31st. Finally, Zacks Research raised Pitney Bowes from a "hold" rating to a "strong-buy" rating in a research note on Monday, August 10th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $18.45.

Pitney Bowes Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.