Stamps.com Inc. (STMP) Position Reduced by Royce & Associates LP
Royce & Associates LP decreased its stake in shares of Stamps.com Inc. (NASDAQ:STMP) by 6.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 94,200 shares of the software maker’s stock after selling 6,400 shares during the period. Royce & Associates LP owned approximately 0.56% of Stamps.com worth $14,589,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in STMP. Mason Street Advisors LLC raised its position in shares of Stamps.com by 5.7% in the first quarter. Mason Street Advisors LLC now owns 3,664 shares of the software maker’s stock worth $434,000 after buying an additional 199 shares in the last quarter. Alliancebernstein L.P. raised its position in shares of Stamps.com by 16.8% in the first quarter. Alliancebernstein L.P. now owns 25,686 shares of the software maker’s stock worth $3,040,000 after buying an additional 3,700 shares in the last quarter. BlackRock Inc. raised its position in shares of Stamps.com by 143,777.2% in the first quarter. BlackRock Inc. now owns 1,880,475 shares of the software maker’s stock worth $222,554,000 after buying an additional 1,879,168 shares in the last quarter. Bank of America Corp DE raised its position in shares of Stamps.com by 20.9% in the first quarter. Bank of America Corp DE now owns 69,162 shares of the software maker’s stock worth $8,185,000 after buying an additional 11,967 shares in the last quarter. Finally, Strs Ohio raised its position in shares of Stamps.com by 24.1% in the second quarter. Strs Ohio now owns 127,200 shares of the software maker’s stock worth $19,700,000 after buying an additional 24,700 shares in the last quarter.
Shares of Stamps.com Inc. (STMP) opened at 191.25 on Friday. Stamps.com Inc. has a 12-month low of $84.87 and a 12-month high of $220.25. The company’s 50-day moving average price is $181.77 and its 200 day moving average price is $141.24. The firm has a market capitalization of $3.23 billion, a price-to-earnings ratio of 30.93 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 (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.33 by $0.36. The firm had revenue of $116.14 million for the quarter, compared to analysts’ expectations of $99.29 million. Stamps.com had a return on equity of 34.46% and a net margin of 26.66%. The firm’s revenue for the quarter was up 38.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.94 EPS. On average, equities research analysts forecast that Stamps.com Inc. will post $8.05 EPS for the current fiscal year.
A number of brokerages have recently weighed in on STMP. Roth Capital reissued a “buy” rating and issued a $166.00 price objective on shares of Stamps.com in a report on Wednesday, May 31st. Craig Hallum set a $230.00 price objective on Stamps.com and gave the company a “buy” rating in a report on Friday, August 25th. Zacks Investment Research raised Stamps.com from a “hold” rating to a “buy” rating and set a $154.00 price objective on the stock in a report on Friday, June 2nd. Finally, B. Riley reissued a “buy” rating and issued a $210.00 price objective on shares of Stamps.com in a report on Sunday, May 28th. Six equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $205.33.
In related news, Director Mohan P. Ananda sold 40,000 shares of the business’s stock in a transaction dated 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 transaction, the director now owns 726,524 shares in the company, valued at approximately $104,917,330.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Seth Weisberg sold 5,000 shares of the business’s stock in a transaction dated Monday, June 19th. The shares were sold at an average price of $150.15, for a total value of $750,750.00. Following the completion of the transaction, the insider now owns 27,572 shares in the company, valued at approximately $4,139,935.80. The disclosure for this sale can be found here. Insiders sold a total of 260,706 shares of company stock worth $48,984,754 in the last 90 days. 11.46% of the stock is currently owned by insiders.
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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