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

Pitney Bowes Inc. (NYSE:PBI) CEO Kurt James Wolf sold 150,000 shares of the firm’s stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $10.30, for a total transaction of $1,545,000.00. Following the completion of the transaction, the chief executive officer owned 571,137 shares in the company, valued at $5,882,711.10. The trade was a 20.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Pitney Bowes Price Performance

Shares of NYSE PBI traded up $0.07 during trading hours on Wednesday, hitting $10.70. 1,133,576 shares of the company’s stock were exchanged, compared to its average volume of 2,007,414. The company’s 50-day moving average price is $10.47 and its 200-day moving average price is $10.73. The stock has a market capitalization of $1.60 billion, a price-to-earnings ratio of 12.90, a PEG ratio of 0.72 and a beta of 1.41. Pitney Bowes Inc. has a 1-year low of $7.39 and a 1-year high of $13.11.

Pitney Bowes (NYSE:PBI) last announced its quarterly earnings data on Tuesday, February 17th. The technology company reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.07. Pitney Bowes had a net margin of 7.65% and a negative return on equity of 36.91%. The business had revenue of $477.63 million for the quarter, compared to the consensus estimate of $482.47 million. During the same quarter last year, the company posted $0.32 earnings per share. Pitney Bowes’s quarterly revenue was down 7.5% on a year-over-year basis. Pitney Bowes has set its FY 2026 guidance at 1.400-1.600 EPS. On average, research analysts expect that Pitney Bowes Inc. will post 1.21 earnings per share for the current year.

Pitney Bowes Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 30th. Shareholders of record on Friday, February 27th will be given a $0.09 dividend. The ex-dividend date is Friday, February 27th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 3.4%. Pitney Bowes’s dividend payout ratio (DPR) is currently 43.37%.

Institutional Investors Weigh In On Pitney Bowes

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC grew its stake in 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 during the last quarter. Hantz Financial Services Inc. lifted its holdings in shares of Pitney Bowes by 190.9% during the fourth quarter. Hantz Financial Services Inc. now owns 3,747 shares of the technology company’s stock worth $40,000 after buying an additional 2,459 shares in the last quarter. UMB Bank n.a. boosted its position in shares of 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 during the period. Elevation Point Wealth Partners LLC acquired a new position in shares of Pitney Bowes in the second quarter valued at about $51,000. Finally, Canada Pension Plan Investment Board bought a new position in Pitney Bowes during the second quarter worth about $51,000. 67.88% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Zacks Research downgraded Pitney Bowes from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 19th. Citizens Jmp restated a “market outperform” rating and issued a $13.00 price objective on shares of Pitney Bowes in a research report on Wednesday, February 18th. The Goldman Sachs Group began coverage on Pitney Bowes in a research report on Monday, November 3rd. They set a “neutral” rating and a $11.00 target price for the company. Citigroup initiated coverage on shares of Pitney Bowes in a report on Wednesday, December 3rd. They issued an “outperform” rating on the stock. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Pitney Bowes in a report on Monday, December 29th. Two investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $11.00.

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.