Strs Ohio trimmed its holdings in shares of Stamps.com Inc. (NASDAQ:STMP) by 6.8% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,800 shares of the software maker’s stock after selling 500 shares during the period. Strs Ohio’s holdings in Stamps.com were worth $1,249,000 as of its most recent SEC filing.
A number of other hedge funds have also added to or reduced their stakes in STMP. Norges Bank acquired a new stake in Stamps.com during the 4th quarter valued at $15,791,000. SG Americas Securities LLC boosted its position in Stamps.com by 1,644.4% in the 1st quarter. SG Americas Securities LLC now owns 106,444 shares of the software maker’s stock valued at $13,846,000 after buying an additional 100,342 shares during the last quarter. Atom Investors LP bought a new position in Stamps.com in the 1st quarter valued at $12,437,000. MERIAN GLOBAL INVESTORS UK Ltd bought a new position in Stamps.com in the 2nd quarter valued at $10,310,000. Finally, Lord Abbett & CO. LLC bought a new position in Stamps.com in the 1st quarter valued at $7,015,000. 88.07% of the stock is owned by hedge funds and other institutional investors.
In related news, insider Amine Khechfe sold 10,000 shares of the stock in a transaction that occurred on Thursday, July 2nd. The stock was sold at an average price of $200.00, for a total transaction of $2,000,000.00. Following the completion of the sale, the insider now directly owns 10,666 shares of the company’s stock, valued at approximately $2,133,200. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CTO Jonathan Bourgoine sold 36,249 shares of the stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of $250.00, for a total value of $9,062,250.00. Following the sale, the chief technology officer now directly owns 36,249 shares of the company’s stock, valued at $9,062,250. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 126,603 shares of company stock valued at $27,209,998. 9.62% of the stock is currently owned by company insiders.
Shares of STMP stock opened at $260.28 on Friday. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.59 and a quick ratio of 1.59. The stock has a market cap of $4.40 billion, a PE ratio of 77.70 and a beta of 0.30. The stock has a 50-day moving average of $198.76 and a 200-day moving average of $150.89. Stamps.com Inc. has a one year low of $44.03 and a one year high of $261.55.
Stamps.com (NASDAQ:STMP) last announced its quarterly earnings results on Thursday, May 7th. The software maker reported $1.32 EPS for the quarter, beating analysts’ consensus estimates of $0.99 by $0.33. The company had revenue of $151.35 million during the quarter, compared to analysts’ expectations of $132.43 million. Stamps.com had a return on equity of 10.26% and a net margin of 10.21%. Stamps.com’s revenue was up 11.3% on a year-over-year basis. During the same period in the prior year, the business posted $1.23 EPS. As a group, research analysts anticipate that Stamps.com Inc. will post 4.26 earnings per share for the current year.
A number of research analysts have commented on the company. BidaskClub upgraded Stamps.com from a “hold” rating to a “buy” rating in a research report on Saturday, July 11th. Craig Hallum increased their target price on Stamps.com from $200.00 to $230.00 and gave the company a “buy” rating in a research note on Friday, May 8th. Finally, Northland Securities restated a “buy” rating and set a $220.00 target price on shares of Stamps.com in a research report on Thursday, May 28th. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Stamps.com presently has an average rating of “Hold” and a consensus target price of $149.00.
Stamps.com Inc provides Internet-based mailing and shipping solutions in the United States and Europe. The company offers mailing and shipping solutions to mail and ship various mail pieces and packages through the United States Postal Service (USPS) under the Stamps.com and Endicia brands. Its solutions support various USPS mail classes, including First Class Mail, Priority Mail, Priority Mail Express, Media Mail, Parcel Select, and others.
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