Pitney Bowes (NYSE:PBI) CEO Sells $14,092,459.38 in Stock

Key Points

• CEO Kurt James Wolf sold a large stake in Pitney Bowes, dumping 966,561 shares for about $14.1 million in one transaction and later making additional sales. After the sale, his direct ownership fell by 68.11%.
• Recent earnings were mixed but solid overall: Pitney Bowes reported Q1 EPS of $0.47, matching expectations, while revenue of $477.41 million came in above forecasts but was down 3.2% year over year.
• Analyst and investor sentiment is divided, with several firms maintaining or raising targets while the consensus rating remains “Hold.” The stock has also benefited from positive earnings estimate revisions and strong-buy momentum mentions, even as some analysts still rate it cautiously.

Pitney Bowes Inc. (NYSE:PBI - Get Free Report) CEO Kurt James Wolf sold 966,561 shares of Pitney Bowes stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $14.58, for a total value of $14,092,459.38. Following the transaction, the chief executive officer directly owned 452,628 shares in the company, valued at approximately $6,599,316.24. This trade represents a 68.11% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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 Thursday, May 7th, Kurt James Wolf sold 597,224 shares of Pitney Bowes stock. The shares were sold at an average price of $15.59, for a total transaction of $9,310,722.16.
• 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 transaction of $444,697.66.
• On Wednesday, April 1st, Kurt James Wolf sold 160,289 shares of Pitney Bowes stock. The stock was sold at an average price of $11.06, for a total transaction 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 transaction of $1,557,000.00.
• On Monday, February 23rd, Kurt James Wolf sold 150,000 shares of Pitney Bowes stock. The stock was sold at an average price of $10.30, for a total value of $1,545,000.00.

Pitney Bowes Price Performance

Shares of PBI stock traded up $0.11 during trading on Friday, reaching $15.69. The company had a trading volume of 3,083,475 shares, compared to its average volume of 2,844,442. The firm's 50 day simple moving average is $11.94 and its two-hundred day simple moving average is $10.87. Pitney Bowes Inc. has a one year low of $8.95 and a one year high of $15.95. The company has a market capitalization of $2.25 billion, a PE ratio of 15.23, a PEG ratio of 0.96 and a beta of 1.64.

Pitney Bowes (NYSE:PBI - Get Free Report) last posted its earnings results on Tuesday, May 5th. The technology company reported $0.47 earnings per share for the quarter, hitting 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 analyst estimates of $471.83 million. During the same period in the previous year, the company earned $0.33 EPS. The company's revenue for the quarter was down 3.2% on a year-over-year basis. Analysts forecast that Pitney Bowes Inc. will post 1.58 earnings per share for the current year.

Pitney Bowes Cuts Dividend

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

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on PBI. The Goldman Sachs Group set a $15.20 target price on Pitney Bowes in a report on Friday. Bank of America started coverage on Pitney Bowes in a report on Tuesday, February 17th. They issued an "underperform" rating and a $9.00 target price for the company. Zacks Research cut Pitney Bowes from a "strong-buy" rating to a "hold" rating in a research report on Thursday, February 19th. Weiss Ratings cut Pitney Bowes from a "hold (c+)" rating to a "hold (c)" rating in a research report on Friday, April 24th. Finally, Citigroup reaffirmed an "outperform" rating on shares of Pitney Bowes in a research report on Friday, April 17th. Two research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $13.30.

Key Stories Impacting Pitney Bowes

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

Hedge Funds Weigh In On Pitney Bowes

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

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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