SG Americas Securities LLC Boosts Stake in Stamps.com Inc. (STMP)
SG Americas Securities LLC increased its position in Stamps.com Inc. (NASDAQ:STMP) by 14.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,406 shares of the software maker’s stock after buying an additional 177 shares during the period. SG Americas Securities LLC’s holdings in Stamps.com were worth $166,000 as of its most recent SEC filing.
A number of other large investors also recently made changes to their positions in the company. TrimTabs Asset Management LLC raised its position in Stamps.com by 88.9% in the first quarter. TrimTabs Asset Management LLC now owns 1,071 shares of the software maker’s stock valued at $127,000 after buying an additional 504 shares in the last quarter. LS Investment Advisors LLC raised its stake in shares of Stamps.com by 83.1% in the first quarter. LS Investment Advisors LLC now owns 1,093 shares of the software maker’s stock worth $129,000 after buying an additional 496 shares during the period. Benjamin F. Edwards & Company Inc. raised its stake in shares of Stamps.com by 13.6% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 1,287 shares of the software maker’s stock worth $152,000 after buying an additional 154 shares during the period. Quantbot Technologies LP acquired a new stake in shares of Stamps.com during the first quarter worth $160,000. Finally, Ameritas Investment Partners Inc. acquired a new stake in shares of Stamps.com during the first quarter worth $165,000.
Stamps.com Inc. (STMP) traded up 35.89% on Thursday, hitting $205.60. The company’s stock had a trading volume of 3,913,391 shares. Stamps.com Inc. has a 12 month low of $76.76 and a 12 month high of $206.90. The firm has a 50 day moving average of $148.13 and a 200-day moving average of $128.82. The stock has a market cap of $3.48 billion, a PE ratio of 39.31 and a beta of 0.01.
Stamps.com (NASDAQ:STMP) last issued its quarterly earnings results on Wednesday, August 2nd. The software maker reported $1.69 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.33 by $0.36. Stamps.com had a net margin of 24.55% and a return on equity of 35.30%. 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 prior year, the company earned $1.94 EPS. Stamps.com’s revenue was up 38.2% on a year-over-year basis. On average, analysts expect that Stamps.com Inc. will post $7.30 earnings per share for the current fiscal year.
Stamps.com announced that its Board of Directors has initiated a share repurchase program on Wednesday, May 3rd that authorizes the company to buyback $90.00 million in shares. This buyback authorization authorizes the software maker to reacquire up to 4.8% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.
STMP has been the subject of a number of research reports. Roth Capital reiterated a “buy” rating and issued a $166.00 price objective on shares of Stamps.com in a research report on Wednesday, May 31st. ValuEngine upgraded Stamps.com from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Zacks Investment Research upgraded Stamps.com from a “hold” rating to a “buy” rating and set a $166.00 price objective for the company in a research report on Friday, June 23rd. Sidoti restated a “buy” rating and set a $182.00 target price on shares of Stamps.com in a report on Thursday, July 6th. Finally, B. Riley restated a “buy” rating and set a $210.00 target price on shares of Stamps.com in a report on Sunday, May 28th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. Stamps.com has an average rating of “Buy” and a consensus target price of $192.67.
In other news, insider Amine Khechfe sold 1,200 shares of the company’s stock in a transaction dated Monday, July 3rd. The stock was sold at an average price of $155.15, for a total value of $186,180.00. Following the transaction, the insider now owns 1,372 shares in the company, valued at approximately $212,865.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Mohan P. Ananda sold 40,000 shares of the stock in a transaction that occurred on Friday, June 16th. The stock was sold at an average price of $144.41, for a total value of $5,776,400.00. Following the completion of the transaction, the director now owns 726,524 shares in the company, valued at approximately $104,917,330.84. The disclosure for this sale can be found here. Insiders have sold 65,600 shares of company stock valued at $9,493,210 over the last ninety days. Insiders own 11.46% of the company’s stock.
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.
Receive News & Stock Ratings for Stamps.com Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stamps.com Inc. and related stocks with our FREE daily email newsletter.