Kurt James Wolf Sells 597,224 Shares of Pitney Bowes (NYSE:PBI) Stock

Key Points

• CEO Kurt James Wolf sold 597,224 Pitney Bowes shares on May 7 at an average price of $15.59, totaling about $9.31 million. The sale cut his direct stake by nearly 60%.
• Pitney Bowes reported mixed but solid quarterly results, matching EPS estimates at $0.47 and topping revenue expectations at $477.41 million, though revenue still declined 3.2% year over year.
• The stock has been strong recently, trading near its 52-week high at $15.69 and well above its 50-day and 200-day moving averages, while analysts currently rate it a consensus Hold with an average target price of $13.30.

Pitney Bowes Inc. (NYSE:PBI - Get Free Report) CEO Kurt James Wolf sold 597,224 shares of the firm's stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $15.59, for a total value of $9,310,722.16. Following the sale, the chief executive officer directly owned 398,878 shares in the company, valued at approximately $6,218,508.02. This trade represents a 59.96% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Friday, May 8th, Kurt James Wolf sold 389,161 shares of Pitney Bowes stock. The shares were sold at an average price of $15.69, for a total value of $6,105,936.09.
• On Wednesday, May 6th, Kurt James Wolf sold 966,561 shares of Pitney Bowes stock. The shares were sold at an average price of $14.58, for a total value of $14,092,459.38.
• On Thursday, April 2nd, Kurt James Wolf sold 39,919 shares of Pitney Bowes stock. The shares were sold at an average price of $11.14, for a total value of $444,697.66.
• 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 value of $1,772,796.34.
• On Wednesday, March 11th, Kurt James Wolf sold 150,000 shares of Pitney Bowes stock. The shares were sold at an average price of $10.38, for a total value of $1,557,000.00.
• On Monday, February 23rd, Kurt James Wolf sold 150,000 shares of Pitney Bowes stock. The shares were sold at an average price of $10.30, for a total value of $1,545,000.00.

Pitney Bowes Stock Up 0.7%

Pitney Bowes stock traded up $0.11 during trading hours on Friday, hitting $15.69. The stock had a trading volume of 3,083,475 shares, compared to its average volume of 2,844,442. The stock has a market cap of $2.25 billion, a price-to-earnings ratio of 15.23, a P/E/G ratio of 0.96 and a beta of 1.64. Pitney Bowes Inc. has a one year low of $8.95 and a one year high of $15.95. The business's 50 day simple moving average is $11.94 and its 200-day simple moving average is $10.87.

Pitney Bowes (NYSE:PBI - Get Free Report) last posted its earnings results on Tuesday, May 5th. The technology company reported $0.47 EPS for the quarter, meeting the consensus estimate of $0.47. Pitney Bowes had a negative return on equity of 33.41% and a net margin of 8.92%.The firm had revenue of $477.41 million during the quarter, compared to the consensus estimate of $471.83 million. During the same period last year, the company earned $0.33 earnings per share. The business's quarterly revenue was down 3.2% on a year-over-year basis. Research analysts anticipate that Pitney Bowes Inc. will post 1.58 EPS for the current fiscal year.

Pitney Bowes Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 5th. Shareholders of record on Monday, May 18th will be issued a dividend of $0.01 per share. The ex-dividend date of this dividend is Monday, May 18th. This represents a $0.04 annualized dividend and a yield of 0.3%. Pitney Bowes's payout ratio is presently 34.95%.

More Pitney Bowes News

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

• Positive Sentiment: Sidoti raised several Pitney Bowes earnings estimates for 2026 and 2027, including full-year FY2026 and FY2027 forecasts, signaling improving profit expectations. Sidoti analyst estimate updates for Pitney Bowes
• Positive Sentiment: Pitney Bowes was added to the Zacks Rank #1 (Strong Buy) momentum list, which may draw trader and momentum investor interest. New Strong Buy Stocks for May 8th
• Positive Sentiment: Another Zacks note highlighted PBI as a possible near-term surge candidate, citing solid earnings estimate revisions. Why Pitney Bowes Might Be Well Poised for a Surge
• Positive Sentiment: The company’s recent earnings results were solid, with adjusted EPS meeting expectations and revenue coming in above forecasts, reinforcing the case for better fundamentals. Pitney Bowes Q1 2026 Earnings Transcript
• Neutral Sentiment: Yahoo Finance also published a piece asking whether the current valuation already reflects Pitney Bowes’ strong multi-year share price performance, suggesting debate about upside versus full pricing. Is Pitney Bowes Pricing Reflecting Its Strong Multi Year Share Price Performance
• Negative Sentiment: There was also a report framing PBI as trading lower earlier, likely reflecting short-term profit-taking or mixed market reaction to the news flow. Why Pitney Bowes stock is trading lower today

Institutional Investors Weigh In On Pitney Bowes

Several large investors have recently added to or reduced their stakes in PBI. LSV Asset Management grew its stake in Pitney Bowes by 246.7% during the fourth quarter. LSV Asset Management now owns 4,197,189 shares of the technology company's stock worth $44,364,000 after purchasing an additional 2,986,689 shares during the period. Cannell & Spears LLC grew its stake in Pitney Bowes by 89.5% during the third quarter. Cannell & Spears LLC now owns 3,364,466 shares of the technology company's stock worth $38,389,000 after purchasing an additional 1,588,579 shares during the period. Assenagon Asset Management S.A. acquired a new stake in Pitney Bowes during the first quarter worth approximately $16,403,000. Millennium Management LLC grew its position in shares of Pitney Bowes by 60.2% during the 4th quarter. Millennium Management LLC now owns 2,630,801 shares of the technology company's stock worth $27,808,000 after buying an additional 988,653 shares during the period. Finally, Cibc World Market Inc. increased its stake in shares of Pitney Bowes by 2,724.6% in the 3rd quarter. Cibc World Market Inc. now owns 836,071 shares of the technology company's stock valued at $9,540,000 after acquiring an additional 806,471 shares in the last quarter. Institutional investors and hedge funds own 67.88% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on PBI. Citigroup restated an "outperform" rating on shares of Pitney Bowes in a research report on Friday, April 17th. Bank of America assumed coverage on shares of Pitney Bowes in a research report on Tuesday, February 17th. They set an "underperform" rating and a $9.00 target price for the company. Citizens Jmp boosted their price target on shares of Pitney Bowes from $13.00 to $14.00 and gave the stock a "market outperform" rating in a research report on Friday, April 17th. Weiss Ratings lowered shares of Pitney Bowes from a "hold (c+)" rating to a "hold (c)" rating in a research note on Friday, April 24th. Finally, Zacks Research cut shares of Pitney Bowes from a "strong-buy" rating to a "hold" rating in a research report on Thursday, February 19th. Two equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $13.30.

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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