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

Pitney Bowes Inc. (NYSE:PBI) CEO Kurt James Wolf sold 150,000 shares of the firm’s stock in a transaction dated Wednesday, March 11th. The shares were sold at an average price of $10.38, for a total value of $1,557,000.00. Following the completion of the sale, the chief executive officer owned 557,637 shares of the company’s stock, valued at approximately $5,788,272.06. This represents a 21.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• 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 value of $1,545,000.00.

Pitney Bowes Stock Performance

Shares of NYSE:PBI opened at $10.16 on Friday. Pitney Bowes Inc. has a 52-week low of $7.39 and a 52-week high of $13.11. The business’s 50 day simple moving average is $10.48 and its two-hundred day simple moving average is $10.66. The firm has a market cap of $1.52 billion, a P/E ratio of 12.23, a PEG ratio of 0.70 and a beta of 1.42.

Pitney Bowes (NYSE:PBI) last released its quarterly earnings data on Tuesday, February 17th. The technology company reported $0.45 EPS for the quarter, beating the consensus estimate of $0.38 by $0.07. Pitney Bowes had a negative return on equity of 36.91% and a net margin of 7.65%.The firm had revenue of $477.63 million during the quarter, compared to the consensus estimate of $482.47 million. During the same quarter in the previous year, the company posted $0.32 earnings per share. The company’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. On average, equities analysts forecast that Pitney Bowes Inc. will post 1.21 earnings per share for the current fiscal year.

Pitney Bowes Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 30th. Shareholders of record on Friday, February 27th will be paid a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date is Friday, February 27th. Pitney Bowes’s payout ratio is 43.37%.

Hedge Funds Weigh In On Pitney Bowes

Hedge funds have recently bought and sold shares of the company. LSV Asset Management lifted its position in shares of Pitney Bowes by 246.7% during the fourth quarter. LSV Asset Management now owns 4,197,189 shares of the technology company’s stock valued at $44,364,000 after purchasing an additional 2,986,689 shares in the last quarter. Cannell & Spears LLC grew its position in Pitney Bowes by 89.5% in the 3rd quarter. Cannell & Spears LLC now owns 3,364,466 shares of the technology company’s stock worth $38,389,000 after purchasing an additional 1,588,579 shares in the last quarter. Millennium Management LLC increased its stake in Pitney Bowes by 60.2% in the 4th quarter. Millennium Management LLC now owns 2,630,801 shares of the technology company’s stock valued at $27,808,000 after buying an additional 988,653 shares during the last quarter. Cibc World Market Inc. increased its stake in Pitney Bowes by 2,724.6% in the 3rd quarter. Cibc World Market Inc. now owns 836,071 shares of the technology company’s stock valued at $9,540,000 after buying an additional 806,471 shares during the last quarter. Finally, Mizuho Markets Americas LLC bought a new position in shares of Pitney Bowes during the 3rd quarter worth approximately $7,683,000. 67.88% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on PBI shares. Citigroup began coverage on shares of Pitney Bowes in a research note on Wednesday, December 3rd. They issued an “outperform” rating on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Pitney Bowes in a research report on Monday, December 29th. Bank of America assumed coverage on shares of Pitney Bowes in a report on Tuesday, February 17th. They issued an “underperform” rating and a $9.00 target price on the stock. Citizens Jmp reaffirmed a “market outperform” rating and issued a $13.00 price target on shares of Pitney Bowes in a research report on Wednesday, February 18th. Finally, Zacks Research downgraded Pitney Bowes from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 19th. Two research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $11.00.

About Pitney Bowes

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.