Insider Selling: Pitney Bowes (NYSE:PBI) CEO Sells $1,545,000.00 in Stock

Pitney Bowes Inc. (NYSE:PBI) CEO Kurt James Wolf sold 150,000 shares of the business’s stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $10.30, for a total transaction of $1,545,000.00. Following the sale, the chief executive officer directly owned 571,137 shares in the company, valued at approximately $5,882,711.10. This trade represents a 20.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Pitney Bowes Stock Down 1.0%

Shares of Pitney Bowes stock opened at $10.75 on Friday. The stock has a market cap of $1.61 billion, a PE ratio of 12.95, a price-to-earnings-growth ratio of 0.75 and a beta of 1.41. The business has a fifty day simple moving average of $10.48 and a 200-day simple moving average of $10.73. Pitney Bowes Inc. has a 12 month low of $7.39 and a 12 month high of $13.11.

Pitney Bowes (NYSE:PBI) last posted its quarterly earnings results on Tuesday, February 17th. The technology company reported $0.45 earnings per share 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 for the quarter, compared to analyst estimates of $482.47 million. During the same period in the previous year, the firm earned $0.32 earnings per share. Pitney Bowes’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. Analysts expect that Pitney Bowes Inc. will post 1.21 EPS for the current fiscal year.

Pitney Bowes Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 30th. Stockholders of record on Friday, February 27th will be given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend is Friday, February 27th. Pitney Bowes’s dividend payout ratio is 43.37%.

Hedge Funds Weigh In On Pitney Bowes

A number of institutional investors have recently modified their holdings of the company. Trail Ridge Investment Advisors LLC boosted its holdings in shares of Pitney Bowes by 5.1% during the 3rd quarter. Trail Ridge Investment Advisors LLC now owns 20,890 shares of the technology company’s stock worth $238,000 after buying an additional 1,008 shares during the period. EverSource Wealth Advisors LLC increased its stake in shares of Pitney Bowes by 41.3% in the second quarter. EverSource Wealth Advisors LLC now owns 3,472 shares of the technology company’s stock worth $38,000 after purchasing an additional 1,015 shares during the period. Advisory Services Network LLC lifted its position in shares of Pitney Bowes by 2.4% during the 3rd quarter. Advisory Services Network LLC now owns 52,975 shares of the technology company’s stock worth $604,000 after purchasing an additional 1,234 shares during the last quarter. Baird Financial Group Inc. boosted its stake in Pitney Bowes by 12.5% during the 2nd quarter. Baird Financial Group Inc. now owns 13,164 shares of the technology company’s stock valued at $144,000 after purchasing an additional 1,459 shares during the period. Finally, Amalgamated Bank grew its holdings in Pitney Bowes by 3.4% in the 3rd quarter. Amalgamated Bank now owns 46,680 shares of the technology company’s stock valued at $533,000 after buying an additional 1,555 shares during the last quarter. Institutional investors own 67.88% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Citigroup assumed coverage on shares of Pitney Bowes in a research report on Wednesday, December 3rd. They issued an “outperform” rating for the company. Zacks Research downgraded shares of Pitney Bowes from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 19th. Bank of America began coverage on Pitney Bowes in a report on Tuesday, February 17th. They set an “underperform” rating and a $9.00 price objective for the company. Citizens Jmp restated a “market outperform” rating and issued a $13.00 target price 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 research report on Monday, December 29th. Two research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Pitney Bowes presently has a consensus rating of “Hold” and an average 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.