New York State Common Retirement Fund increased its holdings in shares of Stamps.com Inc. (NASDAQ:STMP) by 2.8% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 50,224 shares of the software maker’s stock after purchasing an additional 1,354 shares during the quarter. New York State Common Retirement Fund owned 0.30% of Stamps.com worth $7,778,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also bought and sold shares of STMP. State Board of Administration of Florida Retirement System grew its stake in shares of Stamps.com by 4.5% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 9,321 shares of the software maker’s stock worth $1,103,000 after acquiring an additional 400 shares in the last quarter. First Trust Advisors LP grew its stake in shares of Stamps.com by 54.3% during the 1st quarter. First Trust Advisors LP now owns 14,234 shares of the software maker’s stock worth $1,685,000 after acquiring an additional 5,011 shares in the last quarter. UBS Asset Management Americas Inc. grew its stake in shares of Stamps.com by 31.9% during the 1st quarter. UBS Asset Management Americas Inc. now owns 8,693 shares of the software maker’s stock worth $1,029,000 after acquiring an additional 2,101 shares in the last quarter. Karp Capital Management Corp bought a new position in shares of Stamps.com during the 1st quarter worth approximately $760,000. Finally, Parametric Portfolio Associates LLC grew its stake in shares of Stamps.com by 19.4% during the 1st quarter. Parametric Portfolio Associates LLC now owns 41,807 shares of the software maker’s stock worth $4,948,000 after acquiring an additional 6,796 shares in the last quarter.
Shares of Stamps.com Inc. (NASDAQ:STMP) opened at 216.05 on Wednesday. The firm’s 50-day moving average price is $202.35 and its 200 day moving average price is $156.35. Stamps.com Inc. has a one year low of $89.26 and a one year high of $220.25. The firm has a market cap of $3.65 billion, a P/E ratio of 34.94 and a beta of -0.04.
Stamps.com (NASDAQ:STMP) last posted its quarterly earnings results on Wednesday, August 2nd. The software maker reported $1.69 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.36. The company had revenue of $116.14 million during the quarter, compared to the consensus estimate of $99.29 million. Stamps.com had a return on equity of 34.46% and a net margin of 26.66%. The firm’s quarterly revenue was up 38.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.94 EPS. Analysts predict that Stamps.com Inc. will post $8.05 EPS for the current year.
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In other news, insider John Roland Clem sold 800 shares of the stock in a transaction on Wednesday, October 4th. The stock was sold at an average price of $220.00, for a total transaction of $176,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Lloyd I. Miller III sold 1,000 shares of the stock in a transaction on Thursday, August 24th. The stock was sold at an average price of $194.75, for a total value of $194,750.00. Following the transaction, the director now owns 195,269 shares of the company’s stock, valued at approximately $38,028,637.75. The disclosure for this sale can be found here. Insiders have sold a total of 452,763 shares of company stock valued at $89,468,644 in the last quarter. 11.08% of the stock is owned by corporate insiders.
STMP has been the subject of several analyst reports. Zacks Investment Research cut shares of Stamps.com from a “buy” rating to a “hold” rating in a research note on Wednesday, July 5th. Sidoti reissued a “buy” rating and issued a $182.00 target price on shares of Stamps.com in a research note on Thursday, July 6th. B. Riley reissued a “buy” rating and issued a $250.00 target price on shares of Stamps.com in a research note on Thursday, August 3rd. Craig Hallum reissued a “buy” rating and issued a $210.00 target price (up from $170.00) on shares of Stamps.com in a research note on Thursday, August 3rd. Finally, Roth Capital raised their target price on shares of Stamps.com from $166.00 to $203.00 and gave the company a “buy” rating in a research note on Thursday, August 3rd. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. Stamps.com has a consensus rating of “Buy” and an average target price of $204.57.
Stamps.com Inc is a provider of Internet-based mailing and shipping solutions in the United States. The Company offers mailing and shipping products and services to its customers under the Stamps.com, Endicia, ShipStation, ShipWorks and ShippingEasy brands. It operates through the Internet Mailing and Shipping Services segment.
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