Key Points
- CEO Kurt James Wolf sold 1,920 Pitney Bowes shares at an average price of $17.42, generating $33,446.40. He retained 122,790 shares worth approximately $2.14 million.
- The sale follows several much larger insider disposals in recent months, including more than 413,000 shares sold on August 3 and over 430,000 shares sold on July 30.
- Pitney Bowes recently exceeded quarterly EPS expectations, reporting $0.43 versus the $0.34 consensus estimate. Analysts maintain a “Moderate Buy” consensus with an average price target of $18.45, compared with shares opening at $17.13.
Pitney Bowes Inc. (NYSE:PBI - Get Free Report) CEO Kurt James Wolf sold 1,920 shares of Pitney Bowes stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $17.42, for a total transaction of $33,446.40. Following the completion of the transaction, the chief executive officer directly owned 122,790 shares in the company, valued at approximately $2,139,001.80. The trade was a 1.54% 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 Friday, August 28th, Kurt James Wolf sold 397 shares of Pitney Bowes stock. The shares were sold at an average price of $17.42, for a total transaction of $6,915.74.
- On Monday, August 3rd, Kurt James Wolf sold 413,266 shares of Pitney Bowes stock. The stock was sold at an average price of $18.11, for a total transaction of $7,484,247.26.
- On Friday, July 31st, Kurt James Wolf sold 211,483 shares of Pitney Bowes stock. The shares were sold at an average price of $17.53, for a total transaction of $3,707,296.99.
- On Thursday, July 30th, Kurt James Wolf sold 430,443 shares of Pitney Bowes stock. The shares were sold at an average price of $18.23, for a total transaction of $7,846,975.89.
- On Tuesday, July 7th, Kurt James Wolf sold 316,280 shares of Pitney Bowes stock. The stock was sold at an average price of $17.10, for a total transaction of $5,408,388.00.
- On Monday, July 6th, Kurt James Wolf sold 55,861 shares of Pitney Bowes stock. The stock was sold at an average price of $16.91, for a total transaction of $944,609.51.
- On Thursday, July 2nd, Kurt James Wolf sold 150,000 shares of Pitney Bowes stock. The stock was sold at an average price of $16.83, for a total value of $2,524,500.00.
- On Friday, June 12th, Kurt James Wolf sold 322,829 shares of Pitney Bowes stock. The shares were sold at an average price of $17.40, for a total value of $5,617,224.60.
- 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 stock was sold at an average price of $16.93, for a total value of $4,759,310.81.
Pitney Bowes Stock Performance
Shares of PBI stock opened at $17.13 on Tuesday. The firm has a market cap of $2.35 billion, a P/E ratio of 14.04, a P/E/G ratio of 0.69 and a beta of 1.63. Pitney Bowes Inc. has a fifty-two week low of $8.95 and a fifty-two week high of $19.07. The business's 50 day moving average price is $17.41 and its 200-day moving average price is $14.75.
Pitney Bowes (NYSE:PBI - Get Free Report) last posted its earnings results on Wednesday, July 29th. The technology company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.09. The firm had revenue of $451.50 million for the quarter, compared to analysts' expectations of $453.94 million. Pitney Bowes had a negative return on equity of 31.37% and a net margin of 10.04%.The business's revenue was down 2.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.27 earnings per share. 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 year.
Pitney Bowes Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 8th. Investors of record on Monday, August 10th will be given a dividend of $0.01 per share. The ex-dividend date is Monday, August 10th. This represents a $0.04 annualized dividend and a dividend yield of 0.2%. Pitney Bowes's payout ratio is currently 32.79%.
Analyst Upgrades and Downgrades
Several analysts have weighed in on the company. Zacks Research raised Pitney Bowes from a "hold" rating to a "strong-buy" rating in a research report on Monday, August 10th. Bank of America raised Pitney Bowes from an "underperform" rating to a "neutral" rating and increased their target price for the stock from $9.50 to $16.50 in a research report on Monday, May 11th. The Goldman Sachs Group restated a "neutral" rating and issued a $17.30 target price on shares of Pitney Bowes in a research note on Thursday, July 30th. 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 report on Friday, July 31st. Finally, Citizens Jmp upped their price target on Pitney Bowes from $19.00 to $22.00 and gave the stock a "market outperform" rating in a research note on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $18.45.
View Our Latest Stock Analysis on Pitney Bowes
Institutional Investors Weigh In On Pitney Bowes
Hedge funds have recently bought and sold shares of the business. HB Wealth Management LLC grew its holdings in Pitney Bowes by 1.0% in the second quarter. HB Wealth Management LLC now owns 63,088 shares of the technology company's stock worth $1,105,000 after purchasing an additional 642 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in shares of Pitney Bowes by 41.3% during the second quarter. EverSource Wealth Advisors LLC now owns 3,472 shares of the technology company's stock valued at $38,000 after purchasing an additional 1,015 shares during the last quarter. Advisory Services Network LLC lifted its holdings in shares of Pitney Bowes by 2.4% during the third quarter. Advisory Services Network LLC now owns 52,975 shares of the technology company's stock valued at $604,000 after purchasing an additional 1,234 shares during the last quarter. Baird Financial Group Inc. boosted its position in shares of Pitney Bowes by 12.5% in the 2nd quarter. Baird Financial Group Inc. now owns 13,164 shares of the technology company's stock worth $144,000 after purchasing an additional 1,459 shares in the last quarter. Finally, Creative Planning boosted its position in shares of Pitney Bowes by 13.5% in the 3rd quarter. Creative Planning now owns 18,402 shares of the technology company's stock worth $210,000 after purchasing an additional 2,188 shares in the last quarter. Institutional investors own 67.88% of the company's stock.
Pitney Bowes Company Profile
(
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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