Wells Fargo & Company MN lifted its stake in shares of Stamps.com Inc. (NASDAQ:STMP) by 49.5% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 31,631 shares of the software maker’s stock after purchasing an additional 10,469 shares during the period. Wells Fargo & Company MN owned about 0.18% of Stamps.com worth $8,004,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in the company. Rhumbline Advisers raised its position in Stamps.com by 3.0% in the 1st quarter. Rhumbline Advisers now owns 39,106 shares of the software maker’s stock valued at $7,862,000 after buying an additional 1,147 shares during the last quarter. Mackay Shields LLC acquired a new stake in Stamps.com in the 1st quarter valued at approximately $1,468,000. Trexquant Investment LP acquired a new stake in Stamps.com in the 1st quarter valued at approximately $679,000. American Century Companies Inc. raised its position in Stamps.com by 18.7% in the 1st quarter. American Century Companies Inc. now owns 43,917 shares of the software maker’s stock valued at $8,830,000 after buying an additional 6,912 shares during the last quarter. Finally, Prudential Financial Inc. raised its position in Stamps.com by 4.4% in the 1st quarter. Prudential Financial Inc. now owns 28,928 shares of the software maker’s stock valued at $5,816,000 after buying an additional 1,210 shares during the last quarter. 92.09% of the stock is owned by institutional investors and hedge funds.

NASDAQ:STMP opened at $240.75 on Thursday. The company has a market cap of $4.41 billion, a price-to-earnings ratio of 24.32, a P/E/G ratio of 1.79 and a beta of -0.01. Stamps.com Inc. has a twelve month low of $160.00 and a twelve 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.

Stamps.com (NASDAQ:STMP) last posted its quarterly earnings results on Wednesday, August 1st. The software maker reported $2.75 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.17 by $0.58. The firm 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 business’s quarterly revenue was up 20.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.08 EPS. research analysts forecast that Stamps.com Inc. will post 9.07 EPS for the current fiscal year.

In other Stamps.com news, insider Sebastian Buerba sold 2,499 shares of the business’s stock in a transaction that occurred on Monday, July 2nd. The stock was sold at an average price of $252.80, for a total transaction of $631,747.20. Following the transaction, the insider now owns 1,497 shares of the company’s stock, valued at approximately $378,441.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Amine Khechfe sold 1,200 shares of the business’s stock in a transaction that occurred on Tuesday, September 4th. The stock was sold at an average price of $248.15, for a total value of $297,780.00. Following the transaction, the insider now directly owns 1,541 shares in the company, valued at approximately $382,399.15. The disclosure for this sale can be found here. Insiders have sold a total of 8,699 shares of company stock worth $2,203,187 in the last ninety days. Insiders own 6.17% of the company’s stock.

STMP has been the topic of a number of recent research reports. BidaskClub lowered Stamps.com from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 1st. Maxim Group set a $320.00 target price on Stamps.com and gave the company a “buy” rating in a research report on Thursday, August 2nd. ValuEngine raised Stamps.com from a “hold” rating to a “buy” rating in a research report on Tuesday, September 4th. Singular Research reissued a “buy” rating and issued a $93.00 target price on shares of Stamps.com in a research report on Tuesday, June 19th. Finally, Roth Capital lifted their target price on Stamps.com from $255.00 to $305.00 and gave the company a “buy” rating in a research report on Thursday, July 26th. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $252.00.

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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