Key Points
- CEO Kurt Wolf sold 150,000 Pitney Bowes shares at an average price of $17.31, generating approximately $2.6 million. The transaction reduced his direct holdings by 57.86%, leaving him with 109,254 shares.
- Wolf has made several additional stock sales in recent months, including sales of 23,887 and 25,371 shares in September and more than 1.4 million shares across transactions in July and August.
- Pitney Bowes reported quarterly EPS of $0.43, beating estimates of $0.34, while revenue declined 2.4% year over year to $451.5 million. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $18.45.
Pitney Bowes Inc. (NYSE:PBI - Get Free Report) CEO Kurt Wolf sold 23,887 shares of the firm's stock in a transaction on Thursday, September 17th. The stock was sold at an average price of $17.43, for a total transaction of $416,350.41. Following the sale, the chief executive officer owned 104,821 shares in the company, valued at approximately $1,827,030.03. The trade was a 18.56% 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 this link.
Kurt James Wolf also recently made the following trade(s):
- 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 stock was sold at an average price of $17.31, for a total transaction of $2,596,500.00.
- On Friday, August 28th, Kurt Wolf sold 397 shares of Pitney Bowes stock. The stock was 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 shares were 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 shares were 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 stock was 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 shares were sold at an average price of $18.23, for a total value of $7,846,975.89.
- On Tuesday, July 7th, Kurt Wolf sold 316,280 shares of Pitney Bowes stock. The shares were sold at an average price of $17.10, for a total transaction of $5,408,388.00.
- On Monday, July 6th, Kurt Wolf sold 55,861 shares of Pitney Bowes stock. The shares were sold at an average price of $16.91, for a total transaction of $944,609.51.
- On Thursday, July 2nd, Kurt Wolf sold 150,000 shares of Pitney Bowes stock. The shares were sold at an average price of $16.83, for a total value of $2,524,500.00.
Pitney Bowes Stock Down 0.0%
Shares of NYSE PBI opened at $17.30 on Friday. Pitney Bowes Inc. has a 12-month low of $8.95 and a 12-month high of $19.07. The firm has a market cap of $2.37 billion, a PE ratio of 14.18, a P/E/G ratio of 0.69 and a beta of 1.64. The company's fifty day simple moving average is $17.39 and its 200 day simple moving average is $15.37.
Pitney Bowes (NYSE:PBI - Get Free Report) last issued its earnings results on Wednesday, July 29th. The technology company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.34 by $0.09. Pitney Bowes had a negative return on equity of 31.37% and a net margin of 10.04%.The company had revenue of $451.50 million during the quarter, compared to the consensus estimate of $453.94 million. During the same period last year, the business posted $0.27 EPS. The firm's revenue for the quarter was down 2.4% compared to the same quarter last year. Pitney Bowes has set its FY 2026 guidance at 1.550-1.700 EPS. On average, equities analysts predict that Pitney Bowes Inc. will post 1.68 earnings per share for the current year.
Pitney Bowes Announces Dividend
The firm also recently declared 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 yield of 0.2%. The ex-dividend date was Monday, August 10th. Pitney Bowes's payout ratio is 32.79%.
Analyst Upgrades and Downgrades
A number of equities research analysts recently weighed in on PBI shares. Truist Financial upped their target price on shares of Pitney Bowes from $15.00 to $18.00 and gave the stock a "hold" rating in a report on Friday, July 31st. Zacks Research raised Pitney Bowes from a "hold" rating to a "strong-buy" rating in a report on Monday, August 10th. The Goldman Sachs Group restated a "neutral" rating and issued a $17.30 target price on shares of Pitney Bowes in a report on Thursday, July 30th. Citizens Jmp lifted their target price on Pitney Bowes from $19.00 to $22.00 and gave the company a "market outperform" rating in a research report on Friday, July 31st. Finally, Weiss Ratings raised Pitney Bowes from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat.com, Pitney Bowes has an average rating of "Moderate Buy" and a consensus target price of $18.45.
Check Out Our Latest Research Report on PBI
Hedge Funds Weigh In On Pitney Bowes
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Inc. purchased a new stake in Pitney Bowes in the second quarter worth $220,473,000. LSV Asset Management grew its stake in shares of Pitney Bowes by 246.7% during the 4th quarter. LSV Asset Management now owns 4,197,189 shares of the technology company's stock worth $44,364,000 after acquiring an additional 2,986,689 shares during the period. Permit Capital LLC increased its holdings in Pitney Bowes by 14.0% in the 4th quarter. Permit Capital LLC now owns 3,250,000 shares of the technology company's stock worth $34,352,000 after acquiring an additional 400,000 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Pitney Bowes by 9.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,331,315 shares of the technology company's stock worth $25,760,000 after acquiring an additional 193,145 shares during the last quarter. Finally, Bank of New York Mellon Corp bought a new stake in Pitney Bowes in the 2nd quarter valued at about $28,683,000. 67.88% of the stock is owned by hedge funds and other institutional investors.
Pitney Bowes Company Profile
(
Get Free Report)
Pitney Bowes Inc (NYSE:PBI) is a global technology, shipping and mailing company that provides solutions for businesses managing physical and digital communications, parcels and mail. Its offerings include mailing and shipping equipment, software, supplies, services and financing options designed to help organizations process, track and deliver items.
The company operates through businesses focused on shipping and mailing technology and presort services. Its products and services include postage meters and other mailroom equipment, cloud-based shipping and mailing software, parcel management tools, address and data services, and outsourced mail processing.
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