Old Mutual Global Investors UK Ltd. purchased a new stake in shares of Stamps.com Inc. (NASDAQ:STMP) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 23,363 shares of the software maker’s stock, valued at approximately $3,618,000. Old Mutual Global Investors UK Ltd. owned 0.14% of Stamps.com as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently modified their holdings of the company. JPMorgan Chase & Co. increased its position in shares of Stamps.com by 29.6% during the 2nd quarter. JPMorgan Chase & Co. now owns 69,722 shares of the software maker’s stock valued at $10,799,000 after purchasing an additional 15,917 shares during the period. State of Tennessee Treasury Department increased its position in shares of Stamps.com by 7.0% during the 2nd quarter. State of Tennessee Treasury Department now owns 229,738 shares of the software maker’s stock valued at $35,581,000 after purchasing an additional 15,000 shares during the period. Principal Financial Group Inc. increased its position in shares of Stamps.com by 9.3% during the 2nd quarter. Principal Financial Group Inc. now owns 134,728 shares of the software maker’s stock valued at $20,866,000 after purchasing an additional 11,449 shares during the period. DSAM Partners London Ltd acquired a new position in shares of Stamps.com during the 2nd quarter valued at $20,876,000. Finally, Renaissance Group LLC increased its position in shares of Stamps.com by 0.7% during the 2nd quarter. Renaissance Group LLC now owns 2,980 shares of the software maker’s stock valued at $462,000 after purchasing an additional 21 shares during the period.

In related news, Director Mohan P. Ananda sold 40,000 shares of the company’s stock in a transaction on Friday, June 16th. The shares were sold at an average price of $144.41, for a total value of $5,776,400.00. Following the completion of the sale, the director now owns 726,524 shares in the company, valued at approximately $104,917,330.84. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Seth Weisberg sold 5,000 shares of the company’s stock in a transaction on Monday, June 19th. The shares were sold at an average price of $150.15, for a total transaction of $750,750.00. Following the completion of the sale, the insider now owns 27,572 shares of the company’s stock, valued at approximately $4,139,935.80. The disclosure for this sale can be found here. Insiders have sold a total of 326,906 shares of company stock valued at $61,621,394 in the last quarter. Corporate insiders own 11.46% of the company’s stock.

STMP has been the topic of several research analyst reports. ValuEngine upgraded Stamps.com from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Sidoti restated a “buy” rating and issued a $182.00 target price on shares of Stamps.com in a report on Thursday, July 6th. Zacks Investment Research upgraded Stamps.com from a “hold” rating to a “buy” rating and set a $166.00 target price on the stock in a report on Friday, June 23rd. Craig Hallum restated a “buy” rating and issued a $210.00 target price (up from $170.00) on shares of Stamps.com in a report on Thursday, August 3rd. Finally, B. Riley set a $250.00 target price on Stamps.com and gave the stock a “buy” rating in a report on Friday, August 25th. Six analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Stamps.com has a consensus rating of “Buy” and a consensus target price of $205.33.

Stamps.com Inc. (STMP) opened at 192.55 on Friday. The firm has a market capitalization of $3.26 billion, a PE ratio of 31.14 and a beta of -0.04. Stamps.com Inc. has a one year low of $84.87 and a one year high of $220.25. The company has a 50 day moving average price of $189.03 and a 200-day moving average price of $143.46.

Stamps.com (NASDAQ:STMP) last issued its earnings results on Wednesday, August 2nd. The software maker reported $1.69 EPS for the quarter, beating the consensus estimate of $1.33 by $0.36. The company had revenue of $116.14 million during the quarter, compared to analysts’ expectations of $99.29 million. Stamps.com had a net margin of 26.66% and a return on equity of 34.46%. The business’s revenue for the quarter was up 38.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.94 EPS. On average, equities analysts predict that Stamps.com Inc. will post $8.05 EPS for the current year.

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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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