Key Points
- CEO Kurt Wolf sold 150,000 Pitney Bowes shares at an average price of $16.16, generating $2.42 million and reducing his direct stake by 62.16% to 91,321 shares.
- Pitney Bowes reported quarterly EPS of $0.43, beating estimates of $0.34, although revenue fell 2.4% year over year to $451.5 million. The company issued full-year 2026 EPS guidance of $1.55–$1.70.
- Analysts maintain a consensus “Hold” rating with an $18.45 price target; shares recently opened at $16.48 and have traded between $8.95 and $19.07 over the past year.
Pitney Bowes Inc. (NYSE:PBI - Get Free Report) CEO Kurt Wolf sold 150,000 shares of the firm's stock in a transaction that occurred on Thursday, October 1st. The stock was sold at an average price of $16.16, for a total transaction of $2,424,000.00. Following the sale, the chief executive officer directly owned 91,321 shares in the company, valued at approximately $1,475,747.36. The trade was a 62.16% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Kurt James Wolf also recently made the following trade(s):
- On Thursday, September 17th, Kurt Wolf sold 23,887 shares of Pitney Bowes stock. The shares were sold at an average price of $17.43, for a total transaction of $416,350.41.
- 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 shares were 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 shares were sold at an average price of $17.42, for a total transaction of $6,915.74.
- On Thursday, August 27th, Kurt Wolf sold 1,920 shares of Pitney Bowes stock. The stock was 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 stock was 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 shares were 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.
Pitney Bowes Stock Down 0.5%
Shares of NYSE PBI opened at $16.48 on Thursday. The stock has a market cap of $2.26 billion, a PE ratio of 13.50, a price-to-earnings-growth ratio of 0.66 and a beta of 1.66. Pitney Bowes Inc. has a 52-week low of $8.95 and a 52-week high of $19.07. The business has a 50-day moving average price of $16.94 and a 200 day moving average price of $15.97.
Pitney Bowes (NYSE:PBI - Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The technology company reported $0.43 EPS for the quarter, topping 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 for the quarter, compared to analyst estimates of $453.94 million. During the same quarter in the previous year, the company posted $0.27 earnings per share. The firm's revenue 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. Sell-side analysts anticipate that Pitney Bowes Inc. will post 1.68 earnings per share for the current year.
Pitney Bowes Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 8th. Stockholders of record on Monday, August 10th were given a dividend of $0.01 per share. The ex-dividend date was Monday, August 10th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.2%. Pitney Bowes's dividend payout ratio (DPR) is 32.79%.
Analyst Ratings Changes
Several analysts recently commented on the stock. The Goldman Sachs Group reiterated a "neutral" rating and issued a $17.30 price target on shares of Pitney Bowes in a research report on Thursday, July 30th. Zacks Research downgraded shares of Pitney Bowes from a "strong-buy" rating to a "hold" rating in a research report on Friday, October 2nd. Weiss Ratings upgraded shares of Pitney Bowes from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Friday, July 31st. Citigroup reiterated a "market outperform" rating on shares of Pitney Bowes in a research note on Friday, July 31st. Finally, Truist Financial raised their price target on Pitney Bowes from $15.00 to $18.00 and gave the stock a "hold" rating in a report on Friday, July 31st. Three research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $18.45.
View Our Latest Stock Analysis on PBI
Hedge Funds Weigh In On Pitney Bowes
A number of hedge funds and other institutional investors have recently bought and sold shares of PBI. Envestnet Portfolio Solutions Inc. boosted its holdings in shares of Pitney Bowes by 2.1% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 60,455 shares of the technology company's stock valued at $1,059,000 after acquiring an additional 1,221 shares in the last quarter. Engineers Gate Manager LP increased its stake in shares of Pitney Bowes by 474.9% during the second quarter. Engineers Gate Manager LP now owns 163,860 shares of the technology company's stock worth $2,871,000 after acquiring an additional 135,357 shares during the period. IFP Advisors Inc raised its holdings in Pitney Bowes by 5,373.7% during the second quarter. IFP Advisors Inc now owns 3,120 shares of the technology company's stock worth $55,000 after purchasing an additional 3,063 shares in the last quarter. Nykredit A S purchased a new position in Pitney Bowes during the second quarter worth about $46,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in Pitney Bowes in the second quarter valued at about $301,000. 67.88% of the stock is currently owned by hedge funds and other institutional investors.
Pitney Bowes Company Profile
(
Get Free Report)
Pitney Bowes Inc (NYSE:PBI) is a technology, mailing and shipping services company that helps businesses manage physical and digital communications, postage and parcel delivery. Its offerings include postage meters, mailing systems, shipping software, parcel lockers and related supplies, financing and support services.
The company's products are designed for organizations ranging from small businesses to large enterprises and government agencies. Its SendPro platform integrates postage purchasing, carrier selection, shipping labels, tracking and reporting, while Pitney Bowes also provides solutions for mailroom operations, document management and transactional communications.
Founded in 1920 by Arthur Pitney and Walter Bowes, the company initially became known for its postage-meter technology, which helped automate the mailing process.
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