US Bancorp DE lessened its holdings in shares of Stamps.com Inc. (NASDAQ:STMP) by 57.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,713 shares of the software maker’s stock after selling 3,629 shares during the period. US Bancorp DE’s holdings in Stamps.com were worth $510,000 at the end of the most recent reporting period.
A number of other large investors have also made changes to their positions in STMP. Copper Rock Capital Partners LLC increased its holdings in Stamps.com by 55.6% during the 4th quarter. Copper Rock Capital Partners LLC now owns 155,384 shares of the software maker’s stock valued at $29,414,000 after purchasing an additional 55,535 shares during the period. Conestoga Capital Advisors LLC increased its holdings in Stamps.com by 17.5% during the 4th quarter. Conestoga Capital Advisors LLC now owns 315,929 shares of the software maker’s stock valued at $59,395,000 after purchasing an additional 47,080 shares during the period. Sutton Square Management L.P. purchased a new position in Stamps.com during the 4th quarter valued at about $8,101,000. Rice Hall James & Associates LLC increased its holdings in Stamps.com by 18.6% during the 4th quarter. Rice Hall James & Associates LLC now owns 247,925 shares of the software maker’s stock valued at $46,610,000 after purchasing an additional 38,802 shares during the period. Finally, APG Asset Management N.V. increased its holdings in Stamps.com by 188.1% during the 4th quarter. APG Asset Management N.V. now owns 45,800 shares of the software maker’s stock valued at $7,171,000 after purchasing an additional 29,900 shares during the period. Institutional investors own 98.94% of the company’s stock.
In other Stamps.com news, CEO Kenneth Thomas Mcbride sold 142,133 shares of the company’s stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $180.02, for a total transaction of $25,586,782.66. Following the transaction, the chief executive officer now owns 73,599 shares in the company, valued at approximately $13,249,291.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Amine Khechfe sold 1,200 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $202.05, for a total value of $242,460.00. The disclosure for this sale can be found here. Insiders have sold a total of 175,674 shares of company stock worth $31,850,230 in the last quarter. Company insiders own 11.46% of the company’s stock.
Stamps.com (NASDAQ:STMP) last posted its earnings results on Wednesday, February 21st. The software maker reported $4.68 earnings per share for the quarter, topping analysts’ consensus estimates of $2.72 by $1.96. Stamps.com had a return on equity of 41.00% and a net margin of 32.13%. The firm had revenue of $132.50 million for the quarter, compared to the consensus estimate of $120.26 million. During the same quarter in the prior year, the business earned $2.73 EPS. The business’s revenue for the quarter was up 25.1% on a year-over-year basis. sell-side analysts expect that Stamps.com Inc. will post 5.99 earnings per share for the current fiscal year.
Stamps.com declared that its board has authorized a share repurchase program on Thursday, November 2nd that permits the company to buyback $90.00 million in outstanding shares. This buyback authorization permits the software maker to buy shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board believes its shares are undervalued.
STMP has been the topic of a number of research analyst reports. Sidoti boosted their price target on Stamps.com from $254.00 to $265.00 in a report on Thursday. Roth Capital boosted their price target on Stamps.com from $203.00 to $245.00 and gave the company a “buy” rating in a report on Monday, October 30th. Craig Hallum restated a “buy” rating and set a $215.00 price target (down previously from $230.00) on shares of Stamps.com in a report on Thursday. B. Riley boosted their price target on Stamps.com from $250.00 to $275.00 and gave the company a “buy” rating in a report on Thursday. Finally, BidaskClub downgraded Stamps.com from a “strong-buy” rating to a “buy” rating in a report on Tuesday, February 13th. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $228.86.
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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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