Pitney Bowes (NYSE:PBI) Stock: Insider Kurt James Wolf Sells 150,000 Shares

Pitney Bowes Inc. (NYSE:PBI) CEO Kurt Wolf sold 150,000 shares of the business’s stock in a transaction that occurred on Thursday, October 1st. The shares were sold at an average price of $16.16, for a total transaction of $2,424,000.00. Following the completion of the transaction, the chief executive officer owned 91,321 shares of the company’s stock, valued at $1,475,747.36. The trade was a 62.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

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

• On Thursday, September 17th, Kurt Wolf sold 23,887 shares of Pitney Bowes stock. The stock was sold at an average price of $17.43, for a total transaction of $416,350.41.
• 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 transaction of $442,216.53.
• On Tuesday, September 15th, Kurt Wolf sold 150,000 shares of Pitney Bowes stock. The shares were 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 shares were 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 stock was 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 stock was 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 shares were 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 stock was sold at an average price of $18.23, for a total value of $7,846,975.89.

Pitney Bowes Trading Up 3.1%

PBI stock opened at $16.99 on Friday. The stock has a market capitalization of $2.33 billion, a P/E ratio of 13.93, a price-to-earnings-growth ratio of 0.66 and a beta of 1.66. Pitney Bowes Inc. has a 12 month low of $8.95 and a 12 month high of $19.07. The firm has a 50-day moving average price of $16.92 and a 200-day moving average price of $16.01.

Pitney Bowes (NYSE:PBI) last posted its quarterly earnings results on Wednesday, July 29th. The technology company reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.09. The company had revenue of $451.50 million for 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 firm’s quarterly revenue was down 2.4% compared to the same quarter last year. During the same period last year, the company posted $0.27 EPS. Pitney Bowes has set its FY 2026 guidance at 1.550-1.700 EPS. As a group, equities analysts predict that Pitney Bowes Inc. will post 1.68 EPS for the current fiscal year.

Pitney Bowes Announces Dividend

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

Institutional Investors Weigh In On Pitney Bowes

Institutional investors and hedge funds have recently made changes to their positions in the stock. Longview Financial Advisors Inc. bought a new stake in Pitney Bowes in the first quarter valued at approximately $26,000. Nykredit A S acquired a new position in shares of Pitney Bowes in the 2nd quarter worth approximately $46,000. Public Employees Retirement System of Ohio bought a new stake in shares of Pitney Bowes in the 2nd quarter valued at $46,000. IFP Advisors Inc boosted its stake in shares of Pitney Bowes by 5,373.7% in the 2nd quarter. IFP Advisors Inc now owns 3,120 shares of the technology company’s stock valued at $55,000 after purchasing an additional 3,063 shares during the last quarter. Finally, Plato Investment Management Ltd acquired a new stake in shares of Pitney Bowes during the second quarter worth $55,000. Institutional investors and hedge funds own 67.88% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on PBI shares. The Goldman Sachs Group reiterated a “neutral” rating and issued a $17.30 price target on shares of Pitney Bowes in a research note on Thursday, July 30th. Citizens Jmp boosted 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. Citigroup reaffirmed a “market outperform” rating on shares of Pitney Bowes in a report on Friday, July 31st. Zacks Research downgraded Pitney Bowes from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 2nd. Finally, Truist Financial lifted their price target on Pitney Bowes from $15.00 to $18.00 and gave the company a “hold” rating in a research note on Friday, July 31st. Three equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Pitney Bowes presently has an average rating of “Hold” and a consensus target price of $18.45.

Pitney Bowes Company Profile

Pitney Bowes Inc (NYSE:PBI) is a technology, mailing and shipping services company that helps businesses manage physical and digital communications, postage and parcel delivery. Its offerings include postage meters, mailing systems, shipping software, parcel lockers and related supplies, financing and support services.

The company’s products are designed for organizations ranging from small businesses to large enterprises and government agencies. Its SendPro platform integrates postage purchasing, carrier selection, shipping labels, tracking and reporting, while Pitney Bowes also provides solutions for mailroom operations, document management and transactional communications.

Founded in 1920 by Arthur Pitney and Walter Bowes, the company initially became known for its postage-meter technology, which helped automate the mailing process.