Pitney Bowes (NYSE:PBI) Stock: Insider Kurt James Wolf Sells 150,000 Shares

Key Points

• CEO Kurt Wolf sold 150,000 Pitney Bowes shares at an average price of $16.16, generating $2.42 million and reducing his direct holdings by 62.16% to 91,321 shares.
• Wolf has made several additional sales in recent months, including transactions totaling hundreds of thousands of shares, indicating substantial insider selling activity.
• Pitney Bowes reported quarterly earnings of $0.43 per share, beating estimates, while revenue fell 2.4% year over year. Analysts maintain a consensus “Hold” rating with an average price target of $18.45.

Pitney Bowes Inc. (NYSE:PBI - Get Free Report) CEO Kurt Wolf sold 150,000 shares of the stock in a transaction dated Thursday, October 1st. The stock was sold at an average price of $16.16, for a total transaction of $2,424,000.00. Following the completion of the transaction, the chief executive officer directly owned 91,321 shares of the company's stock, valued at $1,475,747.36. This trade represents a 62.16% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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

• On Thursday, September 17th, Kurt Wolf sold 23,887 shares of Pitney Bowes stock. The shares were sold at an average price of $17.43, for a total value of $416,350.41.
• On Wednesday, September 16th, Kurt Wolf sold 25,371 shares of Pitney Bowes stock. The stock was sold at an average price of $17.43, for a total value of $442,216.53.
• On Tuesday, September 15th, Kurt Wolf sold 150,000 shares of Pitney Bowes stock. The stock was sold at an average price of $17.31, for a total value of $2,596,500.00.
• On Friday, August 28th, Kurt 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 Thursday, August 27th, Kurt Wolf sold 1,920 shares of Pitney Bowes stock. The shares were sold at an average price of $17.42, for a total transaction of $33,446.40.
• On Monday, August 3rd, Kurt Wolf sold 413,266 shares of Pitney Bowes stock. The stock was sold at an average price of $18.11, for a total transaction of $7,484,247.26.
• On Friday, July 31st, Kurt Wolf sold 211,483 shares of Pitney Bowes stock. The stock was sold at an average price of $17.53, for a total transaction of $3,707,296.99.
• On Thursday, July 30th, Kurt Wolf sold 430,443 shares of Pitney Bowes stock. The stock was sold at an average price of $18.23, for a total transaction of $7,846,975.89.

Pitney Bowes Stock Down 1.7%

Shares of PBI stock opened at $16.53 on Wednesday. Pitney Bowes Inc. has a 12-month low of $8.95 and a 12-month high of $19.07. The company has a market capitalization of $2.27 billion, a P/E ratio of 13.55, a P/E/G ratio of 0.67 and a beta of 1.66. The firm has a 50-day moving average price of $16.97 and a 200 day moving average price of $15.92.

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

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

Pitney Bowes Announces Dividend

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

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on PBI. Zacks Research lowered Pitney Bowes from a "strong-buy" rating to a "hold" rating in a research note on Friday, October 2nd. The Goldman Sachs Group reiterated a "neutral" rating and set a $17.30 price target on shares of Pitney Bowes in a research report on Thursday, July 30th. Weiss Ratings raised shares of Pitney Bowes from a "hold (c+)" rating to a "buy (b-)" rating in a report on Friday, July 31st. Citizens Jmp raised their price objective on shares of Pitney Bowes from $19.00 to $22.00 and gave the company a "market outperform" rating in a research report on Friday, July 31st. Finally, Truist Financial boosted their target price on shares of Pitney Bowes from $15.00 to $18.00 and gave the stock a "hold" rating in a research note on Friday, July 31st. Three equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $18.45.

Hedge Funds Weigh In On Pitney Bowes

Hedge funds have recently added to or reduced their stakes in the company. Hsbc Holdings PLC boosted its stake in Pitney Bowes by 824.5% in the second quarter. Hsbc Holdings PLC now owns 1,587,274 shares of the technology company's stock valued at $27,762,000 after acquiring an additional 1,415,590 shares during the last quarter. Man Group plc acquired a new stake in Pitney Bowes during the 2nd quarter worth $6,659,000. Bank of New York Mellon Corp bought a new stake in shares of Pitney Bowes during the 2nd quarter valued at $28,683,000. The Manufacturers Life Insurance Company bought a new stake in shares of Pitney Bowes during the 2nd quarter valued at $1,293,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Pitney Bowes by 20.3% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 468,595 shares of the technology company's stock valued at $8,210,000 after purchasing an additional 79,226 shares during the period. Institutional investors own 67.88% of the company's stock.

Pitney Bowes Company Profile

Pitney Bowes Inc NYSE: PBI is a technology, mailing and shipping services company that helps businesses manage physical and digital communications, postage and parcel delivery. Its offerings include postage meters, mailing systems, shipping software, parcel lockers and related supplies, financing and support services.

The company's products are designed for organizations ranging from small businesses to large enterprises and government agencies. Its SendPro platform integrates postage purchasing, carrier selection, shipping labels, tracking and reporting, while Pitney Bowes also provides solutions for mailroom operations, document management and transactional communications.

Founded in 1920 by Arthur Pitney and Walter Bowes, the company initially became known for its postage-meter technology, which helped automate the mailing process.

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