Key Points
- CEO Kurt James Wolf sold 150,000 shares on Feb. 23 at an average price of $10.30 for $1.545M, reducing his stake by 20.8% to 571,137 shares, as disclosed in an SEC filing.
- Pitney Bowes reported Q earnings of $0.45 per share (beat vs. $0.38 est.) with revenue of $477.63M (down 7.5% YoY), and set FY2026 guidance of $1.40–$1.60 EPS versus analysts' current ~1.21 estimate.
- The company declared a quarterly dividend of $0.09 (annualized $0.36) with an ex-dividend date of Feb. 27 and a yield of about 3.3%, payable Mar. 30.
Pitney Bowes Inc. (NYSE:PBI - Get Free Report) CEO Kurt James Wolf sold 150,000 shares of Pitney Bowes stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $10.30, for a total value of $1,545,000.00. Following the transaction, the chief executive officer owned 571,137 shares of the company's stock, valued at $5,882,711.10. This represents a 20.80% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Pitney Bowes Price Performance
Pitney Bowes stock traded up $0.17 during mid-day trading on Thursday, hitting $10.83. 250,505 shares of the company were exchanged, compared to its average volume of 2,004,727. The business's 50 day simple moving average is $10.47 and its two-hundred day simple moving average is $10.73. The company has a market capitalization of $1.62 billion, a P/E ratio of 13.03, a PEG ratio of 0.73 and a beta of 1.41. Pitney Bowes Inc. has a 12-month low of $7.39 and a 12-month high of $13.11.
Pitney Bowes (NYSE:PBI - Get Free Report) last issued its quarterly earnings data on Tuesday, February 17th. The technology company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.07. The business had revenue of $477.63 million for the quarter, compared to the consensus estimate of $482.47 million. Pitney Bowes had a negative return on equity of 36.91% and a net margin of 7.65%.The business's revenue was down 7.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.32 earnings per share. 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 year.
Pitney Bowes Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Monday, March 30th. Shareholders of record on Friday, February 27th will be issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date is Friday, February 27th. Pitney Bowes's dividend payout ratio is 43.37%.
Institutional Trading of Pitney Bowes
A number of institutional investors have recently modified their holdings of PBI. Mercer Global Advisors Inc. ADV raised its holdings in Pitney Bowes by 39.8% in the fourth 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 during the period. Mackenzie Financial Corp grew its stake in Pitney Bowes by 840.5% during the fourth quarter. Mackenzie Financial Corp now owns 106,661 shares of the technology company's stock worth $1,134,000 after buying an additional 95,320 shares during the period. XTX Topco Ltd grew 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 buying an additional 65,849 shares during the period. Oxford Asset Management LLP acquired a new stake in shares of Pitney Bowes in the fourth quarter worth $143,000. Finally, Millennium Management LLC increased its position in shares of Pitney Bowes by 60.2% in the fourth quarter. Millennium Management LLC now owns 2,630,801 shares of the technology company's stock worth $27,808,000 after acquiring an additional 988,653 shares in the last quarter. Hedge funds and other institutional investors own 67.88% of the company's stock.
Analyst Ratings Changes
A number of equities analysts have recently weighed in on PBI shares. Bank of America assumed coverage on shares of Pitney Bowes in a research report on Tuesday, February 17th. They issued an "underperform" rating and a $9.00 price objective for the company. Citizens Jmp reaffirmed a "market outperform" rating and issued a $13.00 target price on shares of Pitney Bowes in a research note on Wednesday, February 18th. The Goldman Sachs Group started coverage on Pitney Bowes in a research note on Monday, November 3rd. They set a "neutral" rating and a $11.00 price target on the stock. Truist Financial initiated coverage on Pitney Bowes in a research report on Friday, December 12th. They issued a "hold" rating and a $11.00 price objective for the company. Finally, Citigroup began coverage on Pitney Bowes in a research report on Wednesday, December 3rd. They set an "outperform" rating on the stock. Two research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $11.00.
Check Out Our Latest Research Report on PBI
About Pitney Bowes
(
Get Free Report)
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.
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