Seven Eight Capital LP purchased a new stake in shares of Stamps.com Inc. (NASDAQ:STMP) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 28,425 shares of the software maker’s stock, valued at approximately $5,715,000. Seven Eight Capital LP owned about 0.16% of Stamps.com at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in STMP. Signaturefd LLC acquired a new stake in shares of Stamps.com during the 1st quarter valued at about $105,000. Sei Investments Co. lifted its holdings in shares of Stamps.com by 196.5% during the 1st quarter. Sei Investments Co. now owns 590 shares of the software maker’s stock valued at $119,000 after buying an additional 391 shares during the last quarter. Russell Investments Group Ltd. acquired a new stake in shares of Stamps.com during the 1st quarter valued at about $123,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Stamps.com by 47.4% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 793 shares of the software maker’s stock valued at $149,000 after buying an additional 255 shares during the last quarter. Finally, Meridian Wealth Management LLC acquired a new stake in shares of Stamps.com during the 1st quarter valued at about $201,000. Institutional investors and hedge funds own 95.86% of the company’s stock.

Shares of Stamps.com opened at $260.85 on Thursday, Marketbeat reports. The company has a current ratio of 2.80, a quick ratio of 2.80 and a debt-to-equity ratio of 0.11. Stamps.com Inc. has a twelve month low of $138.50 and a twelve month high of $263.40. The company has a market capitalization of $4.65 billion and a P/E ratio of 26.35.

Stamps.com (NASDAQ:STMP) last issued its quarterly earnings data on Thursday, May 3rd. The software maker reported $2.54 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.92 by $0.62. Stamps.com had a return on equity of 41.43% and a net margin of 33.08%. The business had revenue of $133.57 million for the quarter, compared to the consensus estimate of $123.49 million. During the same period last year, the business earned $1.83 EPS. The firm’s revenue was up 27.2% compared to the same quarter last year. research analysts forecast that Stamps.com Inc. will post 8.91 EPS for the current year.

STMP has been the subject of several research reports. Zacks Investment Research lowered Stamps.com from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 25th. Craig Hallum reissued a “buy” rating and issued a $260.00 price objective (up from $240.00) on shares of Stamps.com in a research note on Friday, May 4th. They noted that the move was a valuation call. Maxim Group began coverage on Stamps.com in a research note on Thursday, May 31st. They issued a “buy” rating and a $320.00 price objective on the stock. ValuEngine raised Stamps.com from a “hold” rating to a “buy” rating in a research note on Thursday, April 12th. Finally, Roth Capital cut their price objective on Stamps.com from $235.00 to $230.00 and set a “buy” rating on the stock in a research note on Thursday, February 22nd. One research analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $266.00.

In other Stamps.com news, President Kyle Huebner sold 8,921 shares of Stamps.com stock in a transaction that occurred on Friday, March 9th. The stock was sold at an average price of $202.18, for a total value of $1,803,647.78. Following the transaction, the president now directly owns 5,850 shares of the company’s stock, valued at approximately $1,182,753. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Matthew A. Lipson sold 10,000 shares of Stamps.com stock in a transaction that occurred on Thursday, March 15th. The stock was sold at an average price of $199.34, for a total value of $1,993,400.00. Following the completion of the transaction, the insider now directly owns 11,931 shares in the company, valued at $2,378,325.54. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 93,874 shares of company stock worth $20,829,658. Company insiders own 6.17% of the company’s stock.

Stamps.com Profile

Stamps.com Inc provides Internet-based mailing and shipping solutions in the United States. The company offers mailing and shipping solutions to mail and ship various mail pieces and packages through the United States Postal Service (USPS) under the Stamps.com and Endicia brands. Its solutions support various USPS mail classes, including First Class Mail, Priority Mail, Priority Mail Express, Media Mail, Parcel Select, and others.

Institutional Ownership by Quarter for Stamps.com (NASDAQ:STMP)

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