Fmr LLC cut its stake in Stamps.com Inc. (NASDAQ:STMP) by 4.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,422,210 shares of the software maker’s stock after selling 104,806 shares during the quarter. Fmr LLC owned 14.31% of Stamps.com worth $375,140,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of STMP. State Board of Administration of Florida Retirement System raised its stake in shares of Stamps.com by 4.5% in the first quarter. State Board of Administration of Florida Retirement System now owns 9,321 shares of the software maker’s stock worth $1,103,000 after purchasing an additional 400 shares during the last quarter. First Trust Advisors LP raised its stake in shares of Stamps.com by 54.3% in the first quarter. First Trust Advisors LP now owns 14,234 shares of the software maker’s stock worth $1,685,000 after purchasing an additional 5,011 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of Stamps.com by 2.0% in the first quarter. Bank of New York Mellon Corp now owns 260,239 shares of the software maker’s stock worth $30,799,000 after purchasing an additional 5,095 shares during the last quarter. BNP Paribas Arbitrage SA raised its stake in shares of Stamps.com by 11.3% in the first quarter. BNP Paribas Arbitrage SA now owns 3,283 shares of the software maker’s stock worth $389,000 after purchasing an additional 332 shares during the last quarter. Finally, Comerica Bank raised its stake in shares of Stamps.com by 66.4% in the first quarter. Comerica Bank now owns 28,248 shares of the software maker’s stock worth $2,931,000 after purchasing an additional 11,270 shares during the last quarter.

In other Stamps.com news, insider John Roland Clem sold 10,000 shares of the stock in a transaction dated Friday, September 22nd. The shares were sold at an average price of $210.19, for a total transaction of $2,101,900.00. Following the completion of the transaction, the insider now owns 6,410 shares of the company’s stock, valued at approximately $1,347,317.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Amine Khechfe sold 1,200 shares of the stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $155.15, for a total transaction of $186,180.00. Following the transaction, the insider now directly owns 1,372 shares of the company’s stock, valued at approximately $212,865.80. The disclosure for this sale can be found here. Insiders sold a total of 451,963 shares of company stock valued at $89,235,344 in the last quarter. 11.46% of the stock is currently owned by company insiders.

STMP has been the subject of several analyst reports. Roth Capital reissued a “buy” rating and issued a $166.00 price objective on shares of Stamps.com in a research note on Wednesday, May 31st. ValuEngine raised Stamps.com from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Zacks Investment Research raised Stamps.com from a “hold” rating to a “buy” rating and set a $154.00 price objective for the company in a research note on Friday, June 2nd. B. Riley set a $250.00 price objective on Stamps.com and gave the stock a “buy” rating in a research note on Friday, August 25th. Finally, Craig Hallum reissued a “buy” rating and issued a $210.00 price objective (up from $170.00) on shares of Stamps.com in a research note on Thursday, August 3rd. Seven analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $204.57.

Shares of Stamps.com Inc. (STMP) opened at 203.95 on Thursday. Stamps.com Inc. has a 52-week low of $89.26 and a 52-week high of $220.25. The firm has a 50-day moving average price of $199.02 and a 200-day moving average price of $147.30. The stock has a market capitalization of $3.45 billion, a P/E ratio of 32.99 and a beta of -0.04.

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

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Stamps.com 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.

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

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