Fox Run Management L.L.C. Invests $426,000 in Stamps.com Inc. (STMP)

Fox Run Management L.L.C. acquired a new position in Stamps.com Inc. (NASDAQ:STMP) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 2,100 shares of the software maker’s stock, valued at approximately $426,000.

Several other large investors have also modified their holdings of STMP. Fisher Asset Management LLC raised its stake in Stamps.com by 9.6% during the 3rd quarter. Fisher Asset Management LLC now owns 35,142 shares of the software maker’s stock worth $7,122,000 after acquiring an additional 3,064 shares during the period. Alliancebernstein L.P. raised its stake in Stamps.com by 16.8% during the 1st quarter. Alliancebernstein L.P. now owns 25,686 shares of the software maker’s stock worth $3,040,000 after acquiring an additional 3,700 shares during the period. Airain ltd raised its stake in Stamps.com by 63.9% during the 2nd quarter. Airain ltd now owns 23,810 shares of the software maker’s stock worth $3,688,000 after acquiring an additional 9,280 shares during the period. Bank of America Corp DE raised its stake in Stamps.com by 20.9% during the 1st quarter. Bank of America Corp DE now owns 69,162 shares of the software maker’s stock worth $8,185,000 after acquiring an additional 11,967 shares during the period. Finally, BlackRock Inc. raised its stake in Stamps.com by 143,777.2% during the 1st quarter. BlackRock Inc. now owns 1,880,475 shares of the software maker’s stock worth $222,554,000 after acquiring an additional 1,879,168 shares during the period.

In other Stamps.com news, insider Seth Weisberg sold 25,000 shares of the business’s stock in a transaction that occurred on Thursday, August 3rd. The stock was sold at an average price of $197.45, for a total value of $4,936,250.00. Following the completion of the transaction, the insider now directly owns 32,572 shares of the company’s stock, valued at $6,431,341.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CMO Sebastian Buerba sold 3,448 shares of the business’s stock in a transaction that occurred on Wednesday, October 25th. The shares were sold at an average price of $230.05, for a total value of $793,212.40. Following the completion of the transaction, the chief marketing officer now directly owns 16,871 shares of the company’s stock, valued at $3,881,173.55. The disclosure for this sale can be found here. Insiders sold 552,554 shares of company stock valued at $112,401,228 over the last three months. 11.08% of the stock is currently owned by corporate insiders.

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Shares of Stamps.com Inc. (NASDAQ STMP) opened at 224.40 on Wednesday. Stamps.com Inc. has a one year low of $89.49 and a one year high of $233.12. The firm’s 50-day moving average is $213.51 and its 200-day moving average is $167.87. The stock has a market capitalization of $3.79 billion, a price-to-earnings ratio of 36.29 and a beta of -0.04.

Stamps.com (NASDAQ:STMP) last announced its quarterly earnings results on Wednesday, August 2nd. The software maker reported $1.69 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.33 by $0.36. Stamps.com had a return on equity of 34.46% and a net margin of 26.66%. The company had revenue of $116.14 million during the quarter, compared to the consensus estimate of $99.29 million. During the same period in the previous year, the company posted $1.94 earnings per share. Stamps.com’s revenue for the quarter was up 38.2% on a year-over-year basis. Equities research analysts forecast that Stamps.com Inc. will post $8.05 EPS for the current year.

A number of research firms have commented on STMP. B. Riley restated a “buy” rating and set a $250.00 target price on shares of Stamps.com in a research note on Tuesday, August 8th. Craig Hallum set a $230.00 target price on shares of Stamps.com and gave the stock a “buy” rating in a research note on Friday, August 25th. Northland Securities restated a “buy” rating and set a $200.00 target price on shares of Stamps.com in a research note on Thursday, September 14th. ValuEngine upgraded shares of Stamps.com from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Finally, Sidoti restated a “buy” rating and set a $182.00 target price on shares of Stamps.com in a research note on Thursday, July 6th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $217.71.

Stamps.com Profile

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.

Institutional Ownership by Quarter for Stamps.com (NASDAQ:STMP)

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