Teachers Advisors LLC Reduces Stake in Stamps.com Inc. (STMP)
Teachers Advisors LLC decreased its position in Stamps.com Inc. (NASDAQ:STMP) by 82.6% during the first quarter, Holdings Channel reports. The firm owned 27,942 shares of the software maker’s stock after selling 132,295 shares during the period. Teachers Advisors LLC’s holdings in Stamps.com were worth $3,307,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Arcus Capital Partners LLC increased its position in Stamps.com by 1.6% in the first quarter. Arcus Capital Partners LLC now owns 3,086 shares of the software maker’s stock worth $365,000 after buying an additional 49 shares during the period. Benjamin F. Edwards & Company Inc. increased its position in Stamps.com by 13.6% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 1,287 shares of the software maker’s stock worth $152,000 after buying an additional 154 shares during the period. SG Americas Securities LLC increased its position in Stamps.com by 14.4% in the first quarter. SG Americas Securities LLC now owns 1,406 shares of the software maker’s stock worth $166,000 after buying an additional 177 shares during the period. Mason Street Advisors LLC increased its position in Stamps.com by 5.7% in the first quarter. Mason Street Advisors LLC now owns 3,664 shares of the software maker’s stock worth $434,000 after buying an additional 199 shares during the period. Finally, BNP Paribas Arbitrage SA increased its position in Stamps.com by 11.3% in the first quarter. BNP Paribas Arbitrage SA now owns 3,283 shares of the software maker’s stock worth $389,000 after buying an additional 332 shares during the period.
Shares of Stamps.com Inc. (NASDAQ STMP) traded up 1.61% during mid-day trading on Friday, reaching $208.65. The company’s stock had a trading volume of 317,842 shares. Stamps.com Inc. has a 12 month low of $84.87 and a 12 month high of $220.25. The company has a market cap of $3.53 billion, a P/E ratio of 33.75 and a beta of 0.01. The company has a 50-day moving average of $160.96 and a 200-day moving average of $133.38.
Stamps.com (NASDAQ:STMP) last issued its quarterly earnings data on Wednesday, August 2nd. The software maker reported $1.69 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.33 by $0.36. Stamps.com had a net margin of 26.66% and a return on equity of 34.46%. The business had revenue of $116.14 million during the quarter, compared to analyst estimates of $99.29 million. During the same period last year, the business posted $1.94 earnings per share. Stamps.com’s quarterly revenue was up 38.2% compared to the same quarter last year. Equities research analysts forecast that Stamps.com Inc. will post $8.05 earnings per share for the current fiscal year.
Stamps.com declared that its board has initiated a stock buyback plan on Wednesday, May 3rd that allows the company to buyback $90.00 million in shares. This buyback authorization allows the software maker to purchase up to 4.8% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board believes its shares are undervalued.
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A number of research analysts recently weighed in on the company. B. Riley reaffirmed a “buy” rating and set a $210.00 price target on shares of Stamps.com in a research note on Sunday, May 7th. Zacks Investment Research downgraded Stamps.com from a “buy” rating to a “hold” rating in a research note on Thursday, June 1st. Sidoti reaffirmed a “buy” rating and set a $182.00 price target on shares of Stamps.com in a research note on Thursday, July 6th. Finally, Craig Hallum reaffirmed a “buy” rating and set a $210.00 price target (up from $170.00) on shares of Stamps.com in a research note on Thursday, August 3rd. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company. Stamps.com has a consensus rating of “Buy” and an average price target of $192.67.
In other news, insider James Bortnak sold 4,000 shares of Stamps.com stock in a transaction that occurred on Wednesday, May 24th. The shares were sold at an average price of $131.64, for a total transaction of $526,560.00. Following the completion of the transaction, the insider now directly owns 5,985 shares in the company, valued at $787,865.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Amine Khechfe sold 1,200 shares of Stamps.com stock in a transaction that occurred on Thursday, June 1st. The shares were sold at an average price of $137.85, for a total transaction of $165,420.00. Following the transaction, the insider now owns 1,372 shares of the company’s stock, valued at $189,130.20. The disclosure for this sale can be found here. Insiders sold 117,600 shares of company stock valued at $20,065,170 over the last 90 days. 11.46% 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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