Pitney Bowes (NYSE:PBI) CEO Sells $444,697.66 in Stock

Pitney Bowes Inc. (NYSE:PBI) CEO Kurt James Wolf sold 39,919 shares of the stock in a transaction on Thursday, April 2nd. The shares were sold at an average price of $11.14, for a total value of $444,697.66. Following the completion of the transaction, the chief executive officer directly owned 539,618 shares in the company, valued at $6,011,344.52. This trade represents a 6.89% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• 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 value of $1,772,796.34.
• On Wednesday, March 11th, Kurt James Wolf sold 150,000 shares of Pitney Bowes stock. The stock was 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 stock was sold at an average price of $10.30, for a total value of $1,545,000.00.

Pitney Bowes Trading Up 0.0%

PBI stock traded up $0.00 during trading on Friday, hitting $11.03. 2,661,613 shares of the company’s stock were exchanged, compared to its average volume of 3,205,870. The stock has a market capitalization of $1.58 billion, a price-to-earnings ratio of 13.29, a PEG ratio of 0.77 and a beta of 1.39. Pitney Bowes Inc. has a 52-week low of $7.39 and a 52-week high of $13.11. The business has a 50-day moving average price of $10.54 and a two-hundred day moving average price of $10.53.

Pitney Bowes (NYSE:PBI) last released its quarterly earnings data on Tuesday, February 17th. The technology company reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.07. The company 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 firm’s revenue for the quarter was down 7.5% on a year-over-year basis. During the same quarter last year, the company earned $0.32 earnings per share. Pitney Bowes has set its FY 2026 guidance at 1.400-1.600 EPS. On average, equities research analysts anticipate that Pitney Bowes Inc. will post 1.21 earnings per share for the current fiscal year.

Pitney Bowes Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 30th. Investors of record on Friday, February 27th were given a $0.09 dividend. The ex-dividend date of this dividend was Friday, February 27th. This represents a $0.36 dividend on an annualized basis and a yield of 3.3%. Pitney Bowes’s payout ratio is 43.37%.

Hedge Funds Weigh In On Pitney Bowes

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Hsbc Holdings PLC increased its position in Pitney Bowes by 32.8% in the 4th quarter. Hsbc Holdings PLC now owns 750,224 shares of the technology company’s stock valued at $7,904,000 after acquiring an additional 185,326 shares during the period. Mercer Global Advisors Inc. ADV lifted its position in Pitney Bowes by 39.8% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 20,887 shares of the technology company’s stock worth $221,000 after acquiring an additional 5,946 shares during the period. Mackenzie Financial Corp grew its stake in shares of Pitney Bowes by 840.5% in the 4th quarter. Mackenzie Financial Corp now owns 106,661 shares of the technology company’s stock valued at $1,134,000 after purchasing an additional 95,320 shares during the last quarter. XTX Topco Ltd increased its holdings in shares of Pitney Bowes by 45.6% in the fourth quarter. XTX Topco Ltd now owns 210,269 shares of the technology company’s stock valued at $2,223,000 after purchasing an additional 65,849 shares during the period. Finally, Oxford Asset Management LLP acquired a new position in shares of Pitney Bowes in the fourth quarter valued at approximately $143,000. Hedge funds and other institutional investors own 67.88% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on PBI. Zacks Research cut Pitney Bowes from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 19th. 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. Weiss Ratings reissued a “hold (c)” rating on shares of Pitney Bowes in a report on Friday, March 27th. Citizens Jmp restated a “market outperform” rating and set a $13.00 target price on shares of Pitney Bowes in a research report on Wednesday, February 18th. Finally, Bank of America started coverage on shares of Pitney Bowes in a report on Tuesday, February 17th. They issued an “underperform” rating and a $9.00 target price on the stock. Two research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus 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.