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

Pitney Bowes Inc. (NYSE:PBI) CEO Kurt James Wolf sold 150,000 shares of the business’s stock in a transaction on Wednesday, March 11th. The shares were sold at an average price of $10.38, for a total value of $1,557,000.00. Following the transaction, the chief executive officer owned 557,637 shares of the company’s stock, valued at approximately $5,788,272.06. The trade was a 21.20% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

• 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 Trading Up 0.1%

NYSE:PBI opened at $10.16 on Friday. The company has a market cap of $1.52 billion, a price-to-earnings ratio of 12.23, a price-to-earnings-growth ratio of 0.70 and a beta of 1.42. Pitney Bowes Inc. has a twelve month low of $7.39 and a twelve month high of $13.11. The stock has a fifty day simple moving average of $10.48 and a 200-day simple moving average of $10.65.

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

Pitney Bowes Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 30th. Shareholders of record on Friday, February 27th will be paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date is Friday, February 27th. Pitney Bowes’s dividend payout ratio is currently 43.37%.

Hedge Funds Weigh In On Pitney Bowes

Hedge funds and other institutional investors have recently modified their holdings of the business. EverSource Wealth Advisors LLC increased its holdings in Pitney Bowes by 41.3% during the second 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 period. Hantz Financial Services Inc. lifted its holdings in 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 during the period. UMB Bank n.a. lifted its holdings in Pitney Bowes by 404.6% during the fourth quarter. UMB Bank n.a. now owns 4,022 shares of the technology company’s stock worth $43,000 after buying an additional 3,225 shares during the period. Elevation Point Wealth Partners LLC bought a new stake in Pitney Bowes during the 2nd quarter valued at $51,000. Finally, Canada Pension Plan Investment Board purchased a new position in shares of Pitney Bowes in the 2nd quarter valued at $51,000. 67.88% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on PBI shares. Zacks Research downgraded shares of Pitney Bowes from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 19th. Citizens Jmp restated a “market outperform” rating and set a $13.00 price objective on shares of Pitney Bowes in a report on Wednesday, February 18th. Bank of America initiated coverage on Pitney Bowes in a research report on Tuesday, February 17th. They set an “underperform” rating and a $9.00 target price for the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Pitney Bowes in a report on Monday, December 29th. Finally, Truist Financial assumed coverage on Pitney Bowes in a research report on Friday, December 12th. They set a “hold” rating and a $11.00 price target on the stock. Two research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $11.00.

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.