Pitney Bowes (NYSE:PBI) CEO Kurt James Wolf Sells 160,289 Shares

Pitney Bowes Inc. (NYSE:PBI) CEO Kurt James Wolf sold 160,289 shares of Pitney Bowes stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $11.06, for a total value of $1,772,796.34. Following the completion of the transaction, the chief executive officer directly owned 543,211 shares in the company, valued at approximately $6,007,913.66. This represents a 22.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 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 value of $444,697.66.
• 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 transaction 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 transaction of $1,545,000.00.

Pitney Bowes Trading Up 0.0%

NYSE:PBI traded up $0.00 during trading hours on Friday, hitting $11.03. 2,661,613 shares of the company traded hands, compared to its average volume of 3,205,870. Pitney Bowes Inc. has a twelve month low of $7.39 and a twelve month high of $13.11. The firm has a 50-day moving average of $10.54 and a 200 day moving average of $10.53. The stock has a market capitalization of $1.58 billion, a price-to-earnings ratio of 13.29, a P/E/G ratio of 0.77 and a beta of 1.39.

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

Pitney Bowes Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on PBI. Truist Financial initiated coverage on Pitney Bowes in a report on Friday, December 12th. They set a “hold” rating and a $11.00 price objective on the stock. Bank of America started coverage on Pitney Bowes in a research report on Tuesday, February 17th. They issued an “underperform” rating and a $9.00 target price for the company. Zacks Research lowered shares of Pitney Bowes from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 19th. Citizens Jmp restated a “market outperform” rating and issued a $13.00 price objective on shares of Pitney Bowes in a research note on Wednesday, February 18th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Pitney Bowes in a report on Friday, March 27th. 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 stock. Based on data from MarketBeat, Pitney Bowes has an average rating of “Hold” and an average target price of $11.00.

Institutional Investors Weigh In On Pitney Bowes

Large investors have recently modified their holdings of the stock. Hsbc Holdings PLC raised its holdings in shares of Pitney Bowes by 32.8% in the 4th quarter. Hsbc Holdings PLC now owns 750,224 shares of the technology company’s stock worth $7,904,000 after buying an additional 185,326 shares in the last quarter. Mercer Global Advisors Inc. ADV boosted its stake in Pitney Bowes by 39.8% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 20,887 shares of the technology company’s stock valued at $221,000 after buying an additional 5,946 shares in the last quarter. Mackenzie Financial Corp grew its position in Pitney Bowes by 840.5% in the fourth quarter. Mackenzie Financial Corp now owns 106,661 shares of the technology company’s stock valued at $1,134,000 after acquiring an additional 95,320 shares during the period. XTX Topco Ltd raised its stake in Pitney Bowes by 45.6% during the fourth quarter. XTX Topco Ltd now owns 210,269 shares of the technology company’s stock worth $2,223,000 after acquiring an additional 65,849 shares in the last quarter. Finally, Oxford Asset Management LLP acquired a new position in Pitney Bowes during the fourth quarter worth $143,000. 67.88% of the stock is currently owned by 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.