Mutual of America Capital Management LLC increased its holdings in Stamps.com Inc. (NASDAQ:STMP) by 0.2% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 66,468 shares of the software maker’s stock after buying an additional 123 shares during the period. Mutual of America Capital Management LLC owned about 0.39% of Stamps.com worth $10,294,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in STMP. BlackRock Inc. boosted its position in shares of Stamps.com by 143,777.2% in the 1st quarter. BlackRock Inc. now owns 1,880,475 shares of the software maker’s stock worth $222,554,000 after buying an additional 1,879,168 shares in the last quarter. DSAM Partners London Ltd purchased a new stake in shares of Stamps.com in the 2nd quarter worth about $20,876,000. P2 Capital Partners LLC boosted its position in shares of Stamps.com by 21.1% in the 1st quarter. P2 Capital Partners LLC now owns 716,175 shares of the software maker’s stock worth $84,759,000 after buying an additional 125,000 shares in the last quarter. Thrivent Financial For Lutherans boosted its position in shares of Stamps.com by 1,327.9% in the 2nd quarter. Thrivent Financial For Lutherans now owns 125,800 shares of the software maker’s stock worth $19,483,000 after buying an additional 116,990 shares in the last quarter. Finally, Garelick Capital Partners LP boosted its position in shares of Stamps.com by 111.0% in the 1st quarter. Garelick Capital Partners LP now owns 195,153 shares of the software maker’s stock worth $23,096,000 after buying an additional 102,674 shares in the last quarter.
Stamps.com Inc. (NASDAQ STMP) traded up 3.04% on Monday, reaching $205.10. 104,471 shares of the company’s stock were exchanged. Stamps.com Inc. has a 1-year low of $87.00 and a 1-year high of $220.25. The stock has a market capitalization of $3.47 billion, a P/E ratio of 33.17 and a beta of -0.04. The firm’s 50 day moving average is $195.70 and its 200 day moving average is $145.81.
Stamps.com (NASDAQ:STMP) last issued its quarterly earnings results on Wednesday, August 2nd. The software maker reported $1.69 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.33 by $0.36. The firm had revenue of $116.14 million for the quarter, compared to analysts’ expectations 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 quarter last year, the business posted $1.94 EPS. Analysts expect that Stamps.com Inc. will post $8.05 EPS for the current year.
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Several equities research analysts recently commented on STMP shares. Roth Capital reiterated a “buy” rating and issued a $166.00 price objective on shares of Stamps.com in a research report on Wednesday, May 31st. Zacks Investment Research upgraded shares of Stamps.com from a “hold” rating to a “strong-buy” rating and set a $222.00 price objective on the stock in a research report on Tuesday, August 29th. ValuEngine upgraded shares of Stamps.com from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Craig Hallum reiterated a “buy” rating and issued a $210.00 price objective (up from $170.00) on shares of Stamps.com in a research report on Thursday, August 3rd. Finally, B. Riley set a $250.00 price objective on shares of Stamps.com and gave the stock a “buy” rating in a research report on Friday, August 25th. Seven analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Stamps.com presently has a consensus rating of “Buy” and an average price target of $204.57.
In related news, insider Amine Khechfe sold 1,200 shares of Stamps.com stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $149.05, for a total value of $178,860.00. Following the transaction, the insider now owns 242 shares of the company’s stock, valued at approximately $36,070.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider James Bortnak sold 4,000 shares of Stamps.com stock in a transaction dated Monday, June 26th. The stock was sold at an average price of $150.44, for a total value of $601,760.00. Following the completion of the transaction, the insider now directly owns 5,985 shares in the company, valued at approximately $900,383.40. The disclosure for this sale can be found here. Insiders sold a total of 402,763 shares of company stock worth $78,650,425 in the last three months. 11.08% of the stock is currently owned by company insiders.
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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