Voya Investment Management LLC Has $35.59 Million Position in Stamps.com Inc. (STMP)
Voya Investment Management LLC cut its stake in shares of Stamps.com Inc. (NASDAQ:STMP) by 12.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 140,648 shares of the software maker’s stock after selling 20,367 shares during the period. Voya Investment Management LLC owned approximately 0.77% of Stamps.com worth $35,591,000 as of its most recent SEC filing.
Several other institutional investors also recently made changes to their positions in STMP. King Luther Capital Management Corp grew its stake in Stamps.com by 30.9% in the second quarter. King Luther Capital Management Corp now owns 41,085 shares of the software maker’s stock valued at $10,397,000 after acquiring an additional 9,710 shares during the period. Renaissance Technologies LLC grew its stake in Stamps.com by 69.8% in the second quarter. Renaissance Technologies LLC now owns 357,600 shares of the software maker’s stock valued at $90,491,000 after acquiring an additional 147,000 shares during the period. Envestnet Asset Management Inc. grew its stake in Stamps.com by 13.7% in the second quarter. Envestnet Asset Management Inc. now owns 1,698 shares of the software maker’s stock valued at $430,000 after acquiring an additional 205 shares during the period. Cambridge Investment Research Advisors Inc. grew its stake in Stamps.com by 57.1% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 1,813 shares of the software maker’s stock valued at $459,000 after acquiring an additional 659 shares during the period. Finally, Oppenheimer Asset Management Inc. acquired a new position in Stamps.com in the second quarter valued at about $238,000. 92.09% of the stock is owned by institutional investors and hedge funds.
A number of research analysts have issued reports on the company. Roth Capital boosted their target price on Stamps.com from $255.00 to $305.00 and gave the company a “buy” rating in a research note on Thursday, July 26th. Singular Research reissued a “buy” rating and issued a $93.00 target price on shares of Stamps.com in a research note on Tuesday, June 19th. Maxim Group set a $320.00 target price on Stamps.com and gave the company a “buy” rating in a research note on Friday, July 27th. BidaskClub cut Stamps.com from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 1st. Finally, ValuEngine raised Stamps.com from a “hold” rating to a “buy” rating in a research note on Tuesday, September 4th. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $252.00.
Shares of Stamps.com stock opened at $240.75 on Thursday. The stock has a market capitalization of $4.34 billion, a PE ratio of 21.13, a PEG ratio of 1.76 and a beta of -0.02. Stamps.com Inc. has a one year low of $160.00 and a one year high of $285.74. The company has a debt-to-equity ratio of 0.09, a quick ratio of 3.38 and a current ratio of 3.38.
Stamps.com (NASDAQ:STMP) last issued its quarterly earnings results on Wednesday, August 1st. The software maker reported $2.75 EPS for the quarter, beating analysts’ consensus estimates of $2.17 by $0.58. The company had revenue of $139.63 million for the quarter, compared to analyst estimates of $133.49 million. Stamps.com had a return on equity of 39.85% and a net margin of 34.37%. The company’s quarterly revenue was up 20.2% compared to the same quarter last year. During the same period in the previous year, the company posted $2.08 earnings per share. analysts predict that Stamps.com Inc. will post 9.07 earnings per share for the current fiscal year.
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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