Nisa Investment Advisors LLC Holds Stake in Stamps.com Inc. (NASDAQ:STMP)
Nisa Investment Advisors LLC held its position in Stamps.com Inc. (NASDAQ:STMP) during the second quarter, Holdings Channel reports. The firm owned 4,110 shares of the software maker’s stock at the end of the second quarter. Nisa Investment Advisors LLC’s holdings in Stamps.com were worth $637,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently added to or reduced their stakes in STMP. BlackRock Inc. boosted its position in Stamps.com by 143,777.2% in the first quarter. BlackRock Inc. now owns 1,880,475 shares of the software maker’s stock valued at $222,554,000 after buying an additional 1,879,168 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Stamps.com by 4.0% in the first quarter. Vanguard Group Inc. now owns 1,382,079 shares of the software maker’s stock worth $163,568,000 after buying an additional 53,479 shares during the period. P2 Capital Partners LLC boosted its position in shares of Stamps.com by 21.1% in the first 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 during the period. Jericho Capital Asset Management L.P. boosted its position in shares of Stamps.com by 0.7% in the first quarter. Jericho Capital Asset Management L.P. now owns 596,303 shares of the software maker’s stock worth $70,572,000 after buying an additional 4,303 shares during the period. Finally, Conestoga Capital Advisors LLC boosted its position in shares of Stamps.com by 2.6% in the first quarter. Conestoga Capital Advisors LLC now owns 411,487 shares of the software maker’s stock worth $48,699,000 after buying an additional 10,443 shares during the period.
Shares of Stamps.com Inc. (STMP) traded up 0.7759% during midday trading on Wednesday, hitting $214.3504. The company had a trading volume of 143,947 shares. The company has a 50-day moving average of $151.90 and a 200-day moving average of $130.12. Stamps.com Inc. has a 12 month low of $80.10 and a 12 month high of $215.45. The company has a market capitalization of $3.63 billion, a PE ratio of 34.6677 and a beta of 0.01.
Stamps.com (NASDAQ:STMP) last issued its quarterly earnings data on Wednesday, August 2nd. The software maker reported $1.69 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.36. The company had revenue of $116.14 million during the quarter, compared to analyst estimates of $99.29 million. Stamps.com had a return on equity of 34.46% and a net margin of 26.66%. The firm’s revenue for the quarter was up 38.2% compared to the same quarter last year. During the same period in the prior year, the business posted $1.94 earnings per share. Analysts predict that Stamps.com Inc. will post $7.87 earnings per share for the current year.
Stamps.com declared that its board has approved a stock repurchase program on Wednesday, May 3rd that permits the company to buyback $90.00 million in shares. This buyback authorization permits the software maker to purchase up to 4.8% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.
A number of equities analysts have recently commented on the company. Roth Capital reiterated a “buy” rating and issued a $166.00 target price on shares of Stamps.com in a report on Wednesday, May 31st. Zacks Investment Research upgraded Stamps.com from a “hold” rating to a “buy” rating and set a $154.00 target price for the company in a report on Friday, June 2nd. Finally, B. Riley reiterated a “buy” rating and issued a $210.00 target price on shares of Stamps.com in a report on Sunday, May 28th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $192.67.
In related news, Director Mohan P. Ananda sold 40,000 shares of the stock in a transaction that occurred on Friday, June 16th. The stock was sold at an average price of $144.41, for a total value of $5,776,400.00. Following the completion of the transaction, the director now directly owns 726,524 shares in the company, valued at $104,917,330.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider James Bortnak sold 4,000 shares of the stock in a transaction that occurred on Wednesday, May 24th. The stock was sold at an average price of $131.64, for a total value of $526,560.00. Following the completion of the transaction, the insider now owns 5,985 shares of the company’s stock, valued at $787,865.40. The disclosure for this sale can be found here. Insiders sold 90,600 shares of company stock valued at $14,429,460 over the last quarter. 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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