Kurt James Wolf Sells 1,920 Shares of Pitney Bowes (NYSE:PBI) Stock

Pitney Bowes Inc. (NYSE:PBI) CEO Kurt James Wolf sold 1,920 shares of the business’s stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $17.42, for a total transaction of $33,446.40. Following the sale, the chief executive officer directly owned 122,790 shares in the company, valued at $2,139,001.80. The trade was a 1.54% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

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

• On Friday, August 28th, Kurt James Wolf sold 397 shares of Pitney Bowes stock. The shares were sold at an average price of $17.42, for a total transaction of $6,915.74.
• On Monday, August 3rd, Kurt James Wolf sold 413,266 shares of Pitney Bowes stock. The shares were sold at an average price of $18.11, for a total transaction of $7,484,247.26.
• On Friday, July 31st, Kurt James 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 James Wolf sold 430,443 shares of Pitney Bowes stock. The stock was sold at an average price of $18.23, for a total value of $7,846,975.89.
• On Tuesday, July 7th, Kurt James Wolf sold 316,280 shares of Pitney Bowes stock. The stock was sold at an average price of $17.10, for a total value of $5,408,388.00.
• On Monday, July 6th, Kurt James Wolf sold 55,861 shares of Pitney Bowes stock. The shares were sold at an average price of $16.91, for a total value of $944,609.51.
• On Thursday, July 2nd, Kurt James Wolf sold 150,000 shares of Pitney Bowes stock. The shares were sold at an average price of $16.83, for a total value of $2,524,500.00.
• 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 stock was sold at an average price of $17.02, for a total value of $3,589,024.42.
• On Wednesday, June 10th, Kurt James Wolf sold 281,117 shares of Pitney Bowes stock. The stock was sold at an average price of $16.93, for a total value of $4,759,310.81.

Pitney Bowes Price Performance

Shares of NYSE:PBI opened at $17.15 on Wednesday. Pitney Bowes Inc. has a 1-year low of $8.95 and a 1-year high of $19.07. The business has a fifty day moving average price of $17.41 and a 200-day moving average price of $14.80. The company has a market capitalization of $2.35 billion, a PE ratio of 14.06, a PEG ratio of 0.69 and a beta of 1.64.

Pitney Bowes (NYSE:PBI) last posted its quarterly earnings results on Wednesday, July 29th. The technology company reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.09. Pitney Bowes had a negative return on equity of 31.37% and a net margin of 10.04%.The firm had revenue of $451.50 million during the quarter, compared to analyst estimates of $453.94 million. During the same quarter in the previous year, the firm earned $0.27 EPS. Pitney Bowes’s quarterly revenue was down 2.4% compared to the same quarter last year. Pitney Bowes has set its FY 2026 guidance at 1.550-1.700 EPS. On average, sell-side analysts anticipate that Pitney Bowes Inc. will post 1.68 earnings per share for the current fiscal year.

Pitney Bowes Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 8th. Shareholders of record on Monday, August 10th will be issued a $0.01 dividend. The ex-dividend date of this dividend is Monday, August 10th. This represents a $0.04 annualized dividend and a yield of 0.2%. Pitney Bowes’s payout ratio is 32.79%.

Analyst Ratings Changes

PBI has been the topic of a number of recent analyst reports. Citizens Jmp increased their price target on shares of Pitney Bowes from $19.00 to $22.00 and gave the company a “market outperform” rating in a 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 report on Thursday, July 30th. Truist Financial increased their target price on Pitney Bowes from $15.00 to $18.00 and gave the company a “hold” rating in a research note on Friday, July 31st. Weiss Ratings raised Pitney Bowes from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, July 31st. Finally, Citigroup restated a “market outperform” rating on shares of Pitney Bowes in a research note on Friday, July 31st. One research 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’s stock. Based on data from MarketBeat, Pitney Bowes has an average rating of “Moderate Buy” and an average target price of $18.45.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the stock. BlackRock Inc. bought a new position in Pitney Bowes during the second quarter valued at approximately $220,473,000. State Street Corp grew its position in Pitney Bowes by 3.1% in the 2nd quarter. State Street Corp now owns 6,366,188 shares of the technology company’s stock worth $69,455,000 after purchasing an additional 188,886 shares during the period. LSV Asset Management grew its position in 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 purchasing an additional 2,986,689 shares during the period. California State Teachers Retirement System raised its stake in Pitney Bowes by 1,606.1% during the 2nd quarter. California State Teachers Retirement System now owns 3,454,611 shares of the technology company’s stock valued at $60,525,000 after buying an additional 3,252,127 shares during the last quarter. Finally, Permit Capital LLC lifted its holdings in shares of Pitney Bowes by 14.0% during the 4th quarter. Permit Capital LLC now owns 3,250,000 shares of the technology company’s stock valued at $34,352,000 after buying an additional 400,000 shares during the period. 67.88% of the stock is owned by hedge funds and other institutional investors.

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.