Kurt James Wolf Sells 210,871 Shares of Pitney Bowes (NYSE:PBI) Stock

Pitney Bowes Inc. (NYSE:PBI) CEO Kurt James Wolf sold 210,871 shares of the business’s stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $17.02, for a total value of $3,589,024.42. Following the transaction, the chief executive officer directly owned 293,977 shares in the company, valued at $5,003,488.54. This trade represents a 41.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Kurt James Wolf also recently made the following trade(s):

• 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 Wednesday, June 10th, Kurt James Wolf sold 281,117 shares of Pitney Bowes stock. The shares were sold at an average price of $16.93, for a total value of $4,759,310.81.
• On Friday, May 22nd, Kurt James Wolf sold 40,476 shares of Pitney Bowes stock. The shares were sold at an average price of $15.62, for a total value of $632,235.12.
• On Friday, May 8th, Kurt James Wolf sold 389,161 shares of Pitney Bowes stock. The shares were sold at an average price of $15.69, for a total value of $6,105,936.09.
• On Thursday, May 7th, Kurt James Wolf sold 597,224 shares of Pitney Bowes stock. The shares were sold at an average price of $15.59, for a total value of $9,310,722.16.
• On Wednesday, May 6th, Kurt James Wolf sold 966,561 shares of Pitney Bowes stock. The shares were sold at an average price of $14.58, for a total value of $14,092,459.38.
• On Thursday, April 2nd, Kurt James Wolf sold 39,919 shares of Pitney Bowes stock. The shares were sold at an average price of $11.14, for a total value of $444,697.66.
• On Wednesday, April 1st, Kurt James Wolf sold 160,289 shares of Pitney Bowes stock. The shares were sold at an average price of $11.06, for a total value of $1,772,796.34.

Pitney Bowes Stock Performance

PBI opened at $17.30 on Friday. Pitney Bowes Inc. has a 52-week low of $8.95 and a 52-week high of $17.59. The stock has a market capitalization of $2.34 billion, a PE ratio of 16.79, a price-to-earnings-growth ratio of 0.78 and a beta of 1.63. The stock’s 50 day moving average price is $14.80 and its 200-day moving average price is $11.95.

Pitney Bowes (NYSE:PBI) last posted its earnings results on Tuesday, May 5th. The technology company reported $0.47 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.47. Pitney Bowes had a negative return on equity of 33.41% and a net margin of 8.92%.The firm had revenue of $477.41 million for the quarter, compared to analysts’ expectations of $471.83 million. During the same period in the previous year, the firm earned $0.33 earnings per share. The business’s revenue was down 3.2% compared to the same quarter last year. Research analysts forecast that Pitney Bowes Inc. will post 1.62 EPS for the current fiscal year.

Pitney Bowes Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 5th. Investors of record on Monday, May 18th were paid a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend was Monday, May 18th. Pitney Bowes’s dividend payout ratio is presently 38.83%.

Pitney Bowes News Summary

Here are the key news stories impacting Pitney Bowes this week:

• Positive Sentiment: Zacks added Pitney Bowes to its Rank #1 (Strong Buy) growth stocks list, which can draw momentum and value investors looking for improving earnings estimates and growth prospects. Best Growth Stocks to Buy for June 11th
• Positive Sentiment: Zacks highlighted momentum in Pitney Bowes’ shipping software business, citing rising subscriptions, stronger bookings, and banking-based services as potential long-term growth drivers. Will Shipping Software Become Pitney Bowes’ Next Growth Engine?
• Neutral Sentiment: A Zacks piece asked whether value investors should buy PBI, but it did not include a clear rating change or major new catalyst. Should Value Investors Buy Pitney Bowes (PBI) Stock?
• Negative Sentiment: CEO Kurt James Wolf disclosed multiple large stock sales over June 10-12, reducing his ownership substantially; investors often view heavy insider selling as a cautionary signal. SEC filing

Institutional Investors Weigh In On Pitney Bowes

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PBI. Longview Financial Advisors Inc. bought a new stake in Pitney Bowes in the first quarter worth $26,000. EverSource Wealth Advisors LLC boosted its holdings in 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 acquiring an additional 1,015 shares in the last quarter. Hantz Financial Services Inc. boosted its holdings in Pitney Bowes by 190.9% in the fourth quarter. Hantz Financial Services Inc. now owns 3,747 shares of the technology company’s stock worth $40,000 after acquiring an additional 2,459 shares in the last quarter. UMB Bank n.a. boosted its holdings in Pitney Bowes by 404.6% in the fourth quarter. UMB Bank n.a. now owns 4,022 shares of the technology company’s stock worth $43,000 after acquiring an additional 3,225 shares in the last quarter. Finally, Canada Pension Plan Investment Board bought a new stake in Pitney Bowes in the second quarter worth $51,000. 67.88% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Wall Street Zen raised Pitney Bowes from a “buy” rating to a “strong-buy” rating in a research note on Saturday, April 25th. Citigroup reaffirmed an “outperform” rating on shares of Pitney Bowes in a research note on Friday, June 5th. Citizens Jmp upped their price target on Pitney Bowes from $17.00 to $19.00 and gave the stock a “market outperform” rating in a research note on Friday, June 5th. Bank of America raised Pitney Bowes from an “underperform” rating to a “neutral” rating and upped their price target for the stock from $9.50 to $16.50 in a research note on Monday, May 11th. Finally, The Goldman Sachs Group set a $15.20 price target on Pitney Bowes in a research note on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $16.43.

Pitney Bowes Company Profile

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.