California State Teachers Retirement System Sells 3,866 Shares of Stamps.com Inc. (STMP)

California State Teachers Retirement System lowered its holdings in Stamps.com Inc. (NASDAQ:STMP) by 12.1% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 28,068 shares of the software maker’s stock after selling 3,866 shares during the period. California State Teachers Retirement System owned approximately 0.17% of Stamps.com worth $4,347,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Riverhead Capital Management LLC lifted its holdings in shares of Stamps.com by 66.5% during the 2nd quarter. Riverhead Capital Management LLC now owns 666 shares of the software maker’s stock worth $103,000 after acquiring an additional 266 shares during the period. Victory Capital Management Inc. bought a new stake in shares of Stamps.com during the 1st quarter worth approximately $104,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Stamps.com by 11.6% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 883 shares of the software maker’s stock worth $137,000 after acquiring an additional 92 shares during the period. SG Americas Securities LLC lifted its holdings in shares of Stamps.com by 14.4% during the 1st quarter. SG Americas Securities LLC now owns 1,406 shares of the software maker’s stock worth $166,000 after acquiring an additional 177 shares during the period. Finally, Bank of Montreal Can lifted its holdings in shares of Stamps.com by 1.6% during the 2nd quarter. Bank of Montreal Can now owns 1,074 shares of the software maker’s stock worth $167,000 after acquiring an additional 17 shares during the period.

A number of brokerages have recently weighed in on STMP. B. Riley reaffirmed a “buy” rating and set a $250.00 price target on shares of Stamps.com in a report on Thursday, August 3rd. Roth Capital upped their price target on shares of Stamps.com from $203.00 to $245.00 and gave the stock a “buy” rating in a report on Monday, October 30th. ValuEngine downgraded shares of Stamps.com from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. Craig Hallum reaffirmed a “buy” rating and set a $210.00 price target (up previously from $170.00) on shares of Stamps.com in a report on Thursday, August 3rd. Finally, Zacks Investment Research downgraded shares of Stamps.com from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 4th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $217.71.

Stamps.com Inc. (STMP) opened at $171.25 on Friday. The stock has a market capitalization of $3,741.11, a PE ratio of 27.86, a P/E/G ratio of 2.39 and a beta of 0.08. The company has a current ratio of 2.30, a quick ratio of 2.30 and a debt-to-equity ratio of 0.32.

Stamps.com (NASDAQ:STMP) last released its earnings results on Wednesday, August 2nd. The software maker reported $1.69 earnings per share for the quarter, topping analysts’ consensus estimates of $1.33 by $0.36. The firm 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 37.18% and a net margin of 31.54%. The firm’s revenue for the quarter was up 38.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.94 earnings per share. equities research analysts expect that Stamps.com Inc. will post 6.17 EPS for the current year.

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In other news, insider Amine Khechfe sold 1,200 shares of the stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $226.65, for a total transaction of $271,980.00. Following the completion of the sale, the insider now owns 1,442 shares in the company, valued at approximately $326,829.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Michael John Biswas sold 76,602 shares of the stock in a transaction on Wednesday, September 13th. The shares were sold at an average price of $196.55, for a total value of $15,056,123.10. Following the sale, the insider now owns 15,365 shares of the company’s stock, valued at approximately $3,019,990.75. The disclosure for this sale can be found here. Insiders sold 528,754 shares of company stock valued at $107,736,958 over the last 90 days. 11.46% of the stock is currently owned by insiders.

Stamps.com Company 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.

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

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