First Republic Investment Management Inc. reduced its stake in Stamps.com Inc. (NASDAQ:STMP) by 0.9% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 48,956 shares of the software maker’s stock after selling 432 shares during the quarter. First Republic Investment Management Inc. owned approximately 0.27% of Stamps.com worth $12,389,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of STMP. Hartford Investment Management Co. acquired a new position in shares of Stamps.com in the 2nd quarter valued at $340,000. NewSquare Capital LLC acquired a new position in shares of Stamps.com in the 2nd quarter valued at $185,000. BlackRock Inc. lifted its stake in shares of Stamps.com by 12.2% in the 1st quarter. BlackRock Inc. now owns 2,263,284 shares of the software maker’s stock valued at $455,033,000 after purchasing an additional 246,768 shares during the last quarter. Convergence Investment Partners LLC acquired a new position in shares of Stamps.com in the 2nd quarter valued at $441,000. Finally, Creative Planning lifted its stake in shares of Stamps.com by 191.9% in the 2nd quarter. Creative Planning now owns 5,628 shares of the software maker’s stock valued at $1,424,000 after purchasing an additional 3,700 shares during the last quarter. Institutional investors own 92.86% of the company’s stock.

STMP opened at $243.00 on Monday. Stamps.com Inc. has a 12-month low of $160.00 and a 12-month high of $285.74. The company has a current ratio of 3.38, a quick ratio of 3.38 and a debt-to-equity ratio of 0.09. The stock has a market cap of $4.41 billion, a P/E ratio of 24.55, a PEG ratio of 1.79 and a beta of -0.02.

Stamps.com (NASDAQ:STMP) last posted its earnings results on Wednesday, August 1st. The software maker reported $2.75 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.17 by $0.58. Stamps.com had a return on equity of 39.85% and a net margin of 34.37%. The firm had revenue of $139.63 million for the quarter, compared to analyst estimates of $133.49 million. During the same quarter in the prior year, the company earned $2.08 EPS. Stamps.com’s revenue was up 20.2% on a year-over-year basis. equities analysts forecast that Stamps.com Inc. will post 9.07 earnings per share for the current year.

Several brokerages have recently commented on STMP. Maxim Group set a $320.00 price target on Stamps.com and gave the company a “buy” rating in a research note on Friday, July 27th. ValuEngine raised Stamps.com from a “hold” rating to a “buy” rating in a research note on Tuesday, September 4th. BidaskClub lowered Stamps.com from a “buy” rating to a “hold” rating in a research note on Thursday, August 16th. Roth Capital increased their target price on Stamps.com from $255.00 to $305.00 and gave the stock a “buy” rating in a research note on Thursday, July 26th. Finally, Singular Research reissued a “buy” rating and set a $93.00 target price on shares of Stamps.com in a research note on Tuesday, June 19th. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Stamps.com presently has an average rating of “Buy” and an average price target of $252.00.

In related news, Director Mohan P. Ananda sold 20,000 shares of the stock in a transaction dated Tuesday, June 12th. The stock was sold at an average price of $270.00, for a total transaction of $5,400,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider John Roland Clem sold 3,830 shares of the stock in a transaction dated Thursday, June 14th. The stock was sold at an average price of $281.13, for a total value of $1,076,727.90. Following the transaction, the insider now directly owns 9,367 shares in the company, valued at approximately $2,633,344.71. The disclosure for this sale can be found here. In the last three months, insiders have sold 42,529 shares of company stock worth $11,391,615. 6.17% of the stock is owned by corporate insiders.

About Stamps.com

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.

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

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