Pitney Bowes (NYSE:PBI) CEO Sells $33,446.40 in Stock

Key Points

• CEO Kurt James Wolf sold 1,920 Pitney Bowes shares at an average price of $17.42, generating $33,446.40 and reducing his direct holdings by 1.54% to 122,790 shares.
• Wolf has also made several substantially larger sales since June, including more than 1 million shares sold in July and August, indicating significant recent insider selling.
• Pitney Bowes shares traded near $17.13, while the company reported quarterly EPS of $0.43, beating expectations, despite a 2.4% year-over-year revenue decline. Analysts maintain a “Moderate Buy” consensus with an average price target of $18.45.

Pitney Bowes Inc. (NYSE:PBI - Get Free Report) CEO Kurt James Wolf sold 1,920 shares of the business's stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $17.42, for a total transaction of $33,446.40. Following the sale, the chief executive officer directly owned 122,790 shares in the company, valued at $2,139,001.80. The trade was a 1.54% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

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

• On Friday, August 28th, Kurt James Wolf sold 397 shares of Pitney Bowes stock. The shares were sold at an average price of $17.42, for a total value of $6,915.74.
• On Monday, August 3rd, Kurt James Wolf sold 413,266 shares of Pitney Bowes stock. The shares were sold at an average price of $18.11, for a total transaction of $7,484,247.26.
• On Friday, July 31st, Kurt James Wolf sold 211,483 shares of Pitney Bowes stock. The shares were sold at an average price of $17.53, for a total transaction of $3,707,296.99.
• On Thursday, July 30th, Kurt James Wolf sold 430,443 shares of Pitney Bowes stock. The shares were sold at an average price of $18.23, for a total value of $7,846,975.89.
• On Tuesday, July 7th, Kurt James Wolf sold 316,280 shares of Pitney Bowes stock. The shares were sold at an average price of $17.10, for a total transaction of $5,408,388.00.
• On Monday, July 6th, Kurt James 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 James 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.
• On Friday, June 12th, Kurt James Wolf sold 322,829 shares of Pitney Bowes stock. The shares were sold at an average price of $17.40, for a total transaction of $5,617,224.60.
• On Thursday, June 11th, Kurt James Wolf sold 210,871 shares of Pitney Bowes stock. The shares were sold at an average price of $17.02, for a total transaction of $3,589,024.42.
• On Wednesday, June 10th, Kurt James Wolf sold 281,117 shares of Pitney Bowes stock. The shares were sold at an average price of $16.93, for a total transaction of $4,759,310.81.

Pitney Bowes Stock Performance

Pitney Bowes stock traded down $0.08 during mid-day trading on Monday, reaching $17.13. 1,187,381 shares of the company were exchanged, compared to its average volume of 2,618,691. The firm has a market cap of $2.35 billion, a P/E ratio of 14.04, a PEG ratio of 0.69 and a beta of 1.63. Pitney Bowes Inc. has a 12-month low of $8.95 and a 12-month high of $19.07. The business has a fifty day moving average of $17.41 and a 200 day moving average of $14.71.

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

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

Pitney Bowes Announces Dividend

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

Wall Street Analyst Weigh In

A number of analysts have issued reports on the stock. Bank of America upgraded shares of Pitney Bowes from an "underperform" rating to a "neutral" rating and boosted their price target for the stock from $9.50 to $16.50 in a research note on Monday, May 11th. Truist Financial upped 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. Citigroup reiterated a "market outperform" rating on shares of Pitney Bowes in a research note on Friday, July 31st. Zacks Research upgraded shares of Pitney Bowes from a "hold" rating to a "strong-buy" rating in a research note on Monday, August 10th. Finally, Citizens Jmp lifted their price target on shares of Pitney Bowes from $19.00 to $22.00 and gave the stock a "market outperform" rating in a research note on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $18.45.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in PBI. Longview Financial Advisors Inc. purchased a new stake in Pitney Bowes during the first quarter worth approximately $26,000. EverSource Wealth Advisors LLC boosted its holdings in shares of 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 buying an additional 1,015 shares in the last quarter. Hantz Financial Services Inc. raised its stake in Pitney Bowes by 190.9% during the 4th quarter. Hantz Financial Services Inc. now owns 3,747 shares of the technology company's stock worth $40,000 after acquiring an additional 2,459 shares in the last quarter. UMB Bank n.a. boosted its stake in Pitney Bowes by 404.6% in the fourth quarter. UMB Bank n.a. now owns 4,022 shares of the technology company's stock valued at $43,000 after acquiring an additional 3,225 shares in the last quarter. Finally, Nykredit A S purchased a new stake in shares of Pitney Bowes in the 2nd quarter valued at about $46,000. 67.88% of the stock is owned by institutional investors and hedge funds.

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.

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