Baillie Gifford & Co. lifted its stake in shares of Stamps.com Inc. (NASDAQ:STMP) by 7.8% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 65,250 shares of the software maker’s stock after purchasing an additional 4,700 shares during the period. Baillie Gifford & Co. owned approximately 0.39% of Stamps.com worth $10,106,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Mason Street Advisors LLC raised its position in shares of Stamps.com by 5.7% during the first quarter. Mason Street Advisors LLC now owns 3,664 shares of the software maker’s stock worth $434,000 after purchasing an additional 199 shares during the period. Alliancebernstein L.P. raised its position in shares of Stamps.com by 16.8% during the first quarter. Alliancebernstein L.P. now owns 25,686 shares of the software maker’s stock worth $3,040,000 after purchasing an additional 3,700 shares during the period. BlackRock Inc. raised its position in shares of Stamps.com by 143,777.2% during the first quarter. BlackRock Inc. now owns 1,880,475 shares of the software maker’s stock worth $222,554,000 after purchasing an additional 1,879,168 shares during the period. Bank of America Corp DE raised its position in shares of Stamps.com by 20.9% during the first quarter. Bank of America Corp DE now owns 69,162 shares of the software maker’s stock worth $8,185,000 after purchasing an additional 11,967 shares during the period. Finally, Strs Ohio raised its position in shares of Stamps.com by 24.1% during the second quarter. Strs Ohio now owns 127,200 shares of the software maker’s stock worth $19,700,000 after purchasing an additional 24,700 shares during the period.

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A number of equities research analysts have recently issued reports on the company. B. Riley reaffirmed a “buy” rating and set a $250.00 target price on shares of Stamps.com in a research report on Thursday, August 3rd. Craig Hallum reaffirmed a “buy” rating and set a $210.00 target price (up from $170.00) on shares of Stamps.com in a research report on Thursday, August 3rd. Zacks Investment Research lowered Stamps.com from a “buy” rating to a “hold” rating in a research report on Thursday, June 22nd. Sidoti reaffirmed a “buy” rating and set a $182.00 target price on shares of Stamps.com in a research report on Thursday, July 6th. Finally, Roth Capital reaffirmed a “buy” rating and set a $166.00 target price on shares of Stamps.com in a research report on Wednesday, May 31st. Six analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. Stamps.com presently has an average rating of “Buy” and an average price target of $205.33.

In related news, Director Lloyd I. Miller III sold 1,000 shares of the firm’s stock in a transaction on Thursday, August 24th. The stock was sold at an average price of $194.75, for a total transaction of $194,750.00. Following the sale, the director now owns 195,269 shares of the company’s stock, valued at approximately $38,028,637.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Mohan P. Ananda sold 40,000 shares of the firm’s stock in a transaction 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 sale, the director now directly 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 a total of 326,906 shares of company stock worth $61,621,394 in the last ninety days. 11.08% of the stock is currently owned by company insiders.

Stamps.com Inc. (NASDAQ:STMP) opened at 193.65 on Tuesday. Stamps.com Inc. has a one year low of $84.87 and a one year high of $220.25. The stock’s 50 day moving average price is $190.18 and its 200-day moving average price is $143.65. The stock has a market cap of $3.27 billion, a P/E ratio of 31.32 and a beta of -0.04.

Stamps.com (NASDAQ:STMP) last posted 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. The company had revenue of $116.14 million for the quarter, compared to the consensus estimate of $99.29 million. Stamps.com had a return on equity of 34.46% and a net margin of 26.66%. The firm’s quarterly revenue was up 38.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.94 EPS. On average, analysts predict that Stamps.com Inc. will post $8.05 earnings per share for the current year.

About Stamps.com

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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