Insider Selling: Pitney Bowes (NYSE:PBI) CEO Sells $4,759,310.81 in Stock

Pitney Bowes Inc. (NYSE:PBI) CEO Kurt James Wolf sold 281,117 shares of the firm’s stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of $16.93, for a total value of $4,759,310.81. Following the completion of the transaction, the chief executive officer owned 312,955 shares in the company, valued at $5,298,328.15. This represents a 47.32% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Friday, June 12th, Kurt James Wolf sold 322,829 shares of Pitney Bowes stock. The shares were sold at an average price of $17.40, for a total value of $5,617,224.60.
• On Thursday, June 11th, Kurt James Wolf sold 210,871 shares of Pitney Bowes stock. The shares were sold at an average price of $17.02, for a total value of $3,589,024.42.
• On Friday, May 22nd, Kurt James Wolf sold 40,476 shares of Pitney Bowes stock. The stock was sold at an average price of $15.62, for a total transaction of $632,235.12.
• 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 transaction 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 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 transaction 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 transaction 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 transaction of $1,772,796.34.

Pitney Bowes Price Performance

Shares of PBI stock opened at $17.30 on Monday. The firm has a 50-day moving average of $14.80 and a 200-day moving average of $11.96. The company has a market cap of $2.34 billion, a P/E ratio of 16.79, a P/E/G ratio of 0.78 and a beta of 1.63. Pitney Bowes Inc. has a one year low of $8.95 and a one year high of $17.59.

Pitney Bowes (NYSE:PBI) last announced its earnings results on Tuesday, May 5th. The technology company reported $0.47 EPS for the quarter, meeting the consensus estimate of $0.47. The company had revenue of $477.41 million during the quarter, compared to the consensus estimate of $471.83 million. Pitney Bowes had a net margin of 8.92% and a negative return on equity of 33.41%. The firm’s revenue for the quarter was down 3.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.33 earnings per share. As a group, research analysts expect that Pitney Bowes Inc. will post 1.62 earnings per share for the current fiscal year.

Pitney Bowes Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 5th. Investors of record on Monday, May 18th were issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date was Monday, May 18th. Pitney Bowes’s dividend payout ratio (DPR) is 38.83%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on PBI. Wall Street Zen upgraded Pitney Bowes from a “buy” rating to a “strong-buy” rating in a report on Saturday, April 25th. Weiss Ratings upgraded Pitney Bowes from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, May 8th. Citigroup reiterated an “outperform” rating on shares of Pitney Bowes in a report on Friday, June 5th. Citizens Jmp lifted their price target on Pitney Bowes from $17.00 to $19.00 and gave the stock a “market outperform” rating in a report on Friday, June 5th. Finally, Bank of America upgraded Pitney Bowes from an “underperform” rating to a “neutral” rating and lifted their price target for the stock from $9.50 to $16.50 in a report on Monday, May 11th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $16.43.

Key Headlines Impacting Pitney Bowes

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

• Positive Sentiment: Zacks added Pitney Bowes to its Rank #1 (Strong Buy) growth stocks list, which can draw momentum and value investors looking for improving earnings estimates and growth prospects. Best Growth Stocks to Buy for June 11th
• Positive Sentiment: Zacks highlighted momentum in Pitney Bowes’ shipping software business, citing rising subscriptions, stronger bookings, and banking-based services as potential long-term growth drivers. Will Shipping Software Become Pitney Bowes’ Next Growth Engine?
• Neutral Sentiment: A Zacks piece asked whether value investors should buy PBI, but it did not include a clear rating change or major new catalyst. Should Value Investors Buy Pitney Bowes (PBI) Stock?
• Negative Sentiment: CEO Kurt James Wolf disclosed multiple large stock sales over June 10-12, reducing his ownership substantially; investors often view heavy insider selling as a cautionary signal. SEC filing

Institutional Trading of Pitney Bowes

Several hedge funds have recently made changes to their positions in PBI. Longview Financial Advisors Inc. bought a new stake in shares of Pitney Bowes in the first quarter valued at $26,000. EverSource Wealth Advisors LLC raised its stake in shares of Pitney Bowes by 41.3% in 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. raised its stake in shares of Pitney Bowes by 190.9% in the fourth quarter. Hantz Financial Services Inc. now owns 3,747 shares of the technology company’s stock valued at $40,000 after buying an additional 2,459 shares during the period. UMB Bank n.a. raised its stake 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 buying an additional 3,225 shares during the period. Finally, Canada Pension Plan Investment Board bought a new stake in shares of Pitney Bowes in the second quarter valued at $51,000. 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.