Pitney Bowes (NYSE:PBI) CEO Kurt James Wolf Sells 322,829 Shares

Pitney Bowes Inc. (NYSE:PBI) CEO Kurt James Wolf sold 322,829 shares of the company’s stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $17.40, for a total value of $5,617,224.60. Following the completion of the transaction, the chief executive officer directly owned 264,922 shares of the company’s stock, valued at $4,609,642.80. This represents a 54.93% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• 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 Wednesday, June 10th, Kurt James Wolf sold 281,117 shares of Pitney Bowes stock. The shares were sold at an average price of $16.93, for a total value of $4,759,310.81.
• On Friday, May 22nd, Kurt James Wolf sold 40,476 shares of Pitney Bowes stock. The shares were sold at an average price of $15.62, for a total value 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 value 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 value 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 value 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 value 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 value of $1,772,796.34.

Pitney Bowes Price Performance

Pitney Bowes stock opened at $17.30 on Friday. The business has a 50 day moving average of $14.80 and a 200-day moving average of $11.95. Pitney Bowes Inc. has a 1 year low of $8.95 and a 1 year high of $17.59. The company has a market capitalization of $2.34 billion, a P/E ratio of 16.79, a P/E/G ratio of 0.77 and a beta of 1.63.

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

Pitney Bowes Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 5th. Investors of record on Monday, May 18th were issued a $0.01 dividend. The ex-dividend date was Monday, May 18th. This represents a $0.04 annualized dividend and a yield of 0.2%. Pitney Bowes’s dividend payout ratio is presently 38.83%.

Analyst Ratings Changes

Several brokerages recently commented on PBI. 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. Bank of America upgraded Pitney Bowes from an “underperform” rating to a “neutral” rating and upped their target price for the company from $9.50 to $16.50 in a report on Monday, May 11th. The Goldman Sachs Group set a $15.20 target price on Pitney Bowes in a report on Friday, May 8th. Finally, Citizens Jmp upped their target price on Pitney Bowes from $17.00 to $19.00 and gave the company a “market outperform” rating in a report on Friday, June 5th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, Pitney Bowes has a consensus rating of “Moderate Buy” and a consensus target price of $16.43.

Hedge Funds Weigh In On Pitney Bowes

A number of institutional investors and hedge funds have recently modified their holdings of the business. Bank of America Corp DE boosted its holdings in shares of Pitney Bowes by 39.5% during the 1st quarter. Bank of America Corp DE now owns 326,865 shares of the technology company’s stock worth $3,612,000 after buying an additional 92,607 shares in the last quarter. Kentucky Retirement Systems bought a new position in shares of Pitney Bowes during the 1st quarter worth approximately $184,000. Amundi boosted its holdings in shares of Pitney Bowes by 20.8% during the 1st quarter. Amundi now owns 34,318 shares of the technology company’s stock worth $379,000 after buying an additional 5,898 shares in the last quarter. California State Teachers Retirement System boosted its holdings in shares of Pitney Bowes by 29.7% during the 1st quarter. California State Teachers Retirement System now owns 202,484 shares of the technology company’s stock worth $2,237,000 after buying an additional 46,371 shares in the last quarter. Finally, Royal Bank of Canada boosted its holdings in shares of Pitney Bowes by 28.1% during the 1st quarter. Royal Bank of Canada now owns 75,807 shares of the technology company’s stock worth $837,000 after buying an additional 16,623 shares in the last quarter. 67.88% of the stock is currently owned by institutional investors.

Trending Headlines about 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

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.