Kurt James Wolf Sells 23,887 Shares of Pitney Bowes (NYSE:PBI) Stock

Pitney Bowes Inc. (NYSE:PBI) CEO Kurt Wolf sold 23,887 shares of the stock in a transaction on Thursday, September 17th. The shares were sold at an average price of $17.43, for a total value of $416,350.41. Following the completion of the transaction, the chief executive officer owned 104,821 shares of the company’s stock, valued at $1,827,030.03. The trade was a 18.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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

• On Wednesday, September 16th, Kurt Wolf sold 25,371 shares of Pitney Bowes stock. The shares were sold at an average price of $17.43, for a total value of $442,216.53.
• On Tuesday, September 15th, Kurt Wolf sold 150,000 shares of Pitney Bowes stock. The stock was sold at an average price of $17.31, for a total value of $2,596,500.00.
• On Friday, August 28th, Kurt Wolf sold 397 shares of Pitney Bowes stock. The stock was sold at an average price of $17.42, for a total value of $6,915.74.
• On Thursday, August 27th, Kurt Wolf sold 1,920 shares of Pitney Bowes stock. The shares were sold at an average price of $17.42, for a total value of $33,446.40.
• On Monday, August 3rd, Kurt Wolf sold 413,266 shares of Pitney Bowes stock. The shares were sold at an average price of $18.11, for a total value of $7,484,247.26.
• On Friday, July 31st, Kurt Wolf sold 211,483 shares of Pitney Bowes stock. The stock was sold at an average price of $17.53, for a total value of $3,707,296.99.
• On Thursday, July 30th, Kurt Wolf sold 430,443 shares of Pitney Bowes stock. The shares were sold at an average price of $18.23, for a total value of $7,846,975.89.
• On Tuesday, July 7th, Kurt Wolf sold 316,280 shares of Pitney Bowes stock. The shares were sold at an average price of $17.10, for a total transaction of $5,408,388.00.
• On Monday, July 6th, Kurt Wolf sold 55,861 shares of Pitney Bowes stock. The stock was sold at an average price of $16.91, for a total transaction of $944,609.51.
• On Thursday, July 2nd, Kurt Wolf sold 150,000 shares of Pitney Bowes stock. The stock was sold at an average price of $16.83, for a total transaction of $2,524,500.00.

Pitney Bowes Price Performance

PBI opened at $16.83 on Friday. Pitney Bowes Inc. has a fifty-two week low of $8.95 and a fifty-two week high of $19.07. The company’s 50 day moving average price is $17.36 and its two-hundred day moving average price is $15.38. The firm has a market capitalization of $2.31 billion, a price-to-earnings ratio of 13.80, a PEG ratio of 0.69 and a beta of 1.64.

Pitney Bowes (NYSE:PBI) last released its quarterly earnings results on Wednesday, July 29th. The technology company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.09. The firm had revenue of $451.50 million during the quarter, compared to the consensus estimate of $453.94 million. Pitney Bowes had a net margin of 10.04% and a negative return on equity of 31.37%. The company’s revenue for the quarter was down 2.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.27 earnings per share. Pitney Bowes has set its FY 2026 guidance at 1.550-1.700 EPS. As a group, equities research analysts predict that Pitney Bowes Inc. will post 1.68 EPS for the current year.

Pitney Bowes Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 8th. Investors of record on Monday, August 10th were given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend was Monday, August 10th. Pitney Bowes’s dividend payout ratio (DPR) is currently 32.79%.

Institutional Trading of Pitney Bowes

Institutional investors have recently bought and sold shares of the company. BlackRock Inc. acquired a new stake in Pitney Bowes during the 2nd quarter worth about $220,473,000. LSV Asset Management raised its position in shares of Pitney Bowes by 246.7% in the 4th quarter. LSV Asset Management now owns 4,197,189 shares of the technology company’s stock worth $44,364,000 after acquiring an additional 2,986,689 shares in the last quarter. Permit Capital LLC lifted its stake in shares of Pitney Bowes by 14.0% in the 4th quarter. Permit Capital LLC now owns 3,250,000 shares of the technology company’s stock valued at $34,352,000 after purchasing an additional 400,000 shares during the period. Bank of New York Mellon Corp acquired a new position in shares of Pitney Bowes in the 2nd quarter valued at about $28,683,000. Finally, Hsbc Holdings PLC bought a new stake in shares of Pitney Bowes during the 2nd quarter valued at about $27,762,000. Institutional investors own 67.88% of the company’s stock.

Wall Street Analyst Weigh In

PBI has been the topic of a number of analyst reports. Truist Financial upped their price target on Pitney Bowes from $15.00 to $18.00 and gave the company a “hold” rating in a research report on Friday, July 31st. Citizens Jmp raised their price objective on Pitney Bowes from $19.00 to $22.00 and gave the stock a “market outperform” rating in a research report on Friday, July 31st. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $17.30 price objective on shares of Pitney Bowes in a research note on Thursday, July 30th. Weiss Ratings upgraded Pitney Bowes from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, July 31st. Finally, Citigroup reissued a “market outperform” rating on shares of Pitney Bowes in a research report on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, Pitney Bowes has an average rating of “Moderate Buy” and a consensus target price of $18.45.

About Pitney Bowes

Pitney Bowes Inc (NYSE:PBI) is a global technology, shipping and mailing company that provides solutions for businesses managing physical and digital communications, parcels and mail. Its offerings include mailing and shipping equipment, software, supplies, services and financing options designed to help organizations process, track and deliver items.

The company operates through businesses focused on shipping and mailing technology and presort services. Its products and services include postage meters and other mailroom equipment, cloud-based shipping and mailing software, parcel management tools, address and data services, and outsourced mail processing.