Strs Ohio raised its position in Stamps.com Inc. (NASDAQ:STMP) by 8.5% during the second quarter, Holdings Channel reports. The firm owned 10,200 shares of the company’s stock after buying an additional 800 shares during the period. Strs Ohio’s holdings in Stamps.com were worth $891,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also modified their holdings of STMP. BlackRock Inc. raised its position in shares of Stamps.com by 121.1% in the first quarter. BlackRock Inc. now owns 964 shares of the company’s stock worth $103,000 after buying an additional 528 shares during the period. BlackRock Japan Co. Ltd raised its position in shares of Stamps.com by 82.7% in the first quarter. BlackRock Japan Co. Ltd now owns 1,748 shares of the company’s stock worth $186,000 after buying an additional 791 shares during the period. Cim LLC raised its position in shares of Stamps.com by 6.8% in the second quarter. Cim LLC now owns 2,498 shares of the company’s stock worth $218,000 after buying an additional 160 shares during the period. S&CO Inc. acquired a new position in shares of Stamps.com during the second quarter worth approximately $262,000. Finally, Gradient Investments LLC acquired a new position in shares of Stamps.com during the second quarter worth approximately $317,000. Institutional investors own 97.07% of the company’s stock.
Shares of Stamps.com Inc. (NASDAQ:STMP) traded down 2.21% during mid-day trading on Monday, reaching $91.80. The company’s stock had a trading volume of 283,171 shares. Stamps.com Inc. has a 52-week low of $68.82 and a 52-week high of $123.75. The firm has a 50 day moving average price of $93.95 and a 200 day moving average price of $88.49. The firm has a market cap of $1.59 billion, a price-to-earnings ratio of 46.48 and a beta of 1.10.
Stamps.com (NASDAQ:STMP) last released its quarterly earnings data on Thursday, July 28th. The company reported $1.94 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.26 by $0.68. Stamps.com had a return on equity of 27.94% and a net margin of 12.09%. The company earned $84.01 million during the quarter, compared to analysts’ expectations of $73.49 million. During the same period last year, the firm posted $0.97 earnings per share. The business’s revenue was up 73.7% on a year-over-year basis. On average, equities analysts predict that Stamps.com Inc. will post $7.11 EPS for the current fiscal year.
STMP has been the subject of a number of research analyst reports. B. Riley reiterated a “buy” rating and set a $160.00 price target on shares of Stamps.com in a report on Tuesday, September 20th. Roth Capital restated a “buy” rating and set a $96.00 price objective on shares of Stamps.com in a research report on Thursday, July 28th. Craig Hallum restated a “buy” rating on shares of Stamps.com in a research report on Tuesday, July 12th. Finally, Zacks Investment Research cut Stamps.com from a “strong-buy” rating to a “hold” rating in a research report on Thursday, September 29th. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $110.67.
In related news, insider James Bortnak sold 5,000 shares of Stamps.com stock in a transaction that occurred on Wednesday, August 24th. The stock was sold at an average price of $93.75, for a total transaction of $468,750.00. Following the completion of the sale, the insider now directly owns 6,093 shares of the company’s stock, valued at approximately $571,218.75. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 11.46% of the stock is owned by insiders.
Stamps.com Company Profile
Stamps.com Inc is a provider of Internet-based mailing and shipping solutions. The Company operates through the Internet Mailing and Shipping Services segment. Under the Stamps.com and Endicia branded solutions, the Company’s customers use its service to mail and ship a range of mail pieces, including postcards, envelopes, flats and packages, using a range of United States Postal Service (USPS) mail classes, including First Class Mail, Priority Mail, Priority Mail Express, Media Mail, and Parcel Select, and among others.
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