EAM Investors LLC bought a new position in shares of Stamps.com Inc. (NASDAQ:STMP) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 8,699 shares of the software maker’s stock, valued at approximately $1,763,000. EAM Investors LLC owned about 0.05% of Stamps.com as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Fisher Asset Management LLC grew its holdings in shares of Stamps.com by 9.6% during the third quarter. Fisher Asset Management LLC now owns 35,142 shares of the software maker’s stock worth $7,122,000 after purchasing an additional 3,064 shares during the last quarter. Airain ltd grew its holdings in shares of Stamps.com by 63.9% during the second quarter. Airain ltd now owns 23,810 shares of the software maker’s stock worth $3,688,000 after purchasing an additional 9,280 shares during the last quarter. Advisor Group Inc. grew its holdings in shares of Stamps.com by 370.8% during the second quarter. Advisor Group Inc. now owns 3,079 shares of the software maker’s stock worth $476,000 after purchasing an additional 2,425 shares during the last quarter. State of Tennessee Treasury Department grew its holdings in shares of Stamps.com by 7.0% during the second quarter. State of Tennessee Treasury Department now owns 229,738 shares of the software maker’s stock worth $35,581,000 after purchasing an additional 15,000 shares during the last quarter. Finally, Strs Ohio grew its holdings 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 last quarter.

Several analysts have recently commented on the company. Roth Capital increased their target price on Stamps.com from $203.00 to $245.00 and gave the stock a “buy” rating in a report on Monday, October 30th. Northland Securities restated a “buy” rating and set a $250.00 target price on shares of Stamps.com in a report on Thursday, October 12th. Zacks Investment Research cut Stamps.com from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 4th. B. Riley set a $250.00 target price on Stamps.com and gave the stock a “buy” rating in a report on Thursday, October 5th. Finally, ValuEngine cut Stamps.com from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $217.71.

In related news, Director Lloyd I. Miller III sold 75,189 shares of the firm’s stock in a transaction dated Monday, August 28th. The stock was sold at an average price of $193.64, for a total value of $14,559,597.96. Following the transaction, the director now owns 159,286 shares in the company, valued at $30,844,141.04. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Amine Khechfe sold 1,200 shares of the firm’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $226.65, for a total value of $271,980.00. Following the completion of the transaction, the insider now owns 1,442 shares in the company, valued at approximately $326,829.30. The disclosure for this sale can be found here. In the last quarter, insiders sold 460,754 shares of company stock worth $93,554,098. 11.46% of the stock is owned by company insiders.

Stamps.com Inc. (STMP) opened at $176.65 on Friday. The stock has a market capitalization of $3,087.63, a PE ratio of 22.25, a P/E/G ratio of 1.60 and a beta of 0.08. Stamps.com Inc. has a 1-year low of $100.55 and a 1-year high of $233.13. The company has a quick ratio of 2.80, a current ratio of 2.80 and a debt-to-equity ratio of 0.27.

Stamps.com declared that its board has initiated a stock repurchase plan on Thursday, November 2nd that permits the company to repurchase $90.00 million in outstanding shares. This repurchase authorization permits the software maker to reacquire shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

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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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