Swiss National Bank grew its position in shares of Stamps.com Inc. (NASDAQ:STMP) by 1.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,366 shares of the software maker’s stock after buying an additional 500 shares during the quarter. Swiss National Bank’s holdings in Stamps.com were worth $5,145,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. State Street Corp lifted its holdings in shares of Stamps.com by 4.4% during the 2nd quarter. State Street Corp now owns 402,084 shares of the software maker’s stock valued at $62,274,000 after buying an additional 16,994 shares during the period. Conestoga Capital Advisors LLC lifted its holdings in shares of 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 buying an additional 47,080 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Stamps.com by 10.7% in the 3rd quarter. Dimensional Fund Advisors LP now owns 296,974 shares of the software maker’s stock worth $60,181,000 after purchasing an additional 28,768 shares in the last quarter. Rice Hall James & Associates LLC increased its stake in shares of Stamps.com by 18.6% in the 4th quarter. Rice Hall James & Associates LLC now owns 247,925 shares of the software maker’s stock worth $46,610,000 after purchasing an additional 38,802 shares in the last quarter. Finally, Copper Rock Capital Partners LLC increased its stake in shares of Stamps.com by 55.6% in the 4th quarter. Copper Rock Capital Partners LLC now owns 155,384 shares of the software maker’s stock worth $29,414,000 after purchasing an additional 55,535 shares in the last quarter. 98.94% of the stock is currently owned by hedge funds and other institutional investors.
In other Stamps.com news, insider Amine Khechfe sold 1,200 shares of the stock in a transaction on Friday, December 1st. The stock was sold at an average price of $167.40, for a total value of $200,880.00. Following the completion of the sale, the insider now owns 1,442 shares in the company, valued at approximately $241,390.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Mohan P. Ananda sold 1,000 shares of the stock in a transaction on Monday, February 26th. The stock was sold at an average price of $203.18, for a total value of $203,180.00. The disclosure for this sale can be found here. Insiders sold a total of 34,541 shares of company stock valued at $6,466,627 in the last quarter. 11.46% of the stock is currently owned by company insiders.
Stamps.com (NASDAQ:STMP) last posted its quarterly earnings data on Wednesday, February 21st. The software maker reported $4.68 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $120.26 million. During the same period in the prior year, the business posted $2.73 EPS. Stamps.com’s revenue was up 25.1% on a year-over-year basis. research analysts anticipate that Stamps.com Inc. will post 8.12 earnings per share for the current fiscal year.
Stamps.com announced that its Board of Directors has initiated a share buyback program on Thursday, November 2nd that allows the company to repurchase $90.00 million in shares. This repurchase authorization allows the software maker to buy shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board believes its stock is undervalued.
Several research firms have recently commented on STMP. Craig Hallum restated a “buy” rating and issued a $215.00 price objective (down from $230.00) on shares of Stamps.com in a research note on Thursday, February 22nd. Sidoti upped their price objective on Stamps.com from $254.00 to $265.00 in a research note on Thursday, February 22nd. Roth Capital reduced their price objective on Stamps.com from $235.00 to $230.00 and set a “buy” rating for the company in a research note on Thursday, February 22nd. BidaskClub lowered Stamps.com from a “buy” rating to a “hold” rating in a research note on Wednesday. Finally, B. Riley upped their price objective on Stamps.com from $250.00 to $275.00 and gave the stock a “buy” rating in a research note on Thursday, February 22nd. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Stamps.com presently has a consensus rating of “Buy” and an average target price of $242.83.
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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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