Piedmont Investment Advisors Inc. Has $892,000 Holdings in Stamps.com Inc. (STMP)
Piedmont Investment Advisors Inc. cut its holdings in Stamps.com Inc. (NASDAQ:STMP) by 49.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,945 shares of the software maker’s stock after selling 3,866 shares during the period. Piedmont Investment Advisors Inc.’s holdings in Stamps.com were worth $892,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. Hilltop Holdings Inc. purchased a new position in shares of Stamps.com during the second quarter worth about $377,000. Hartford Investment Management Co. acquired a new stake in Stamps.com in the second quarter valued at about $340,000. First Quadrant L P CA acquired a new stake in Stamps.com in the third quarter valued at about $5,310,000. NewSquare Capital LLC acquired a new stake in Stamps.com in the second quarter valued at about $185,000. Finally, Commonwealth Equity Services LLC acquired a new stake in Stamps.com in the second quarter valued at about $534,000. Institutional investors own 92.19% of the company’s stock.
A number of brokerages recently commented on STMP. Craig Hallum reduced their price objective on shares of Stamps.com from $300.00 to $265.00 and set a “buy” rating for the company in a research report on Thursday, November 1st. Zacks Investment Research downgraded shares of Stamps.com from a “strong-buy” rating to a “hold” rating and set a $180.00 price objective for the company. in a research report on Friday, November 16th. Maxim Group set a $320.00 price objective on shares of Stamps.com and gave the company a “buy” rating in a research report on Friday, July 27th. Roth Capital lifted their price target on shares of Stamps.com from $255.00 to $305.00 and gave the company a “buy” rating in a research report on Thursday, July 26th. Finally, BidaskClub downgraded shares of Stamps.com from a “buy” rating to a “hold” rating in a research report on Thursday, August 16th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $247.25.
Stamps.com (NASDAQ:STMP) last issued its quarterly earnings data on Wednesday, October 31st. The software maker reported $2.76 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.38 by $0.38. Stamps.com had a return on equity of 35.93% and a net margin of 30.26%. The firm had revenue of $143.51 million during the quarter, compared to the consensus estimate of $135.00 million. During the same period in the previous year, the firm posted $2.68 EPS. The company’s quarterly revenue was up 24.7% compared to the same quarter last year. On average, analysts forecast that Stamps.com Inc. will post 9.79 earnings per share for the current year.
In other Stamps.com news, insider Amine Khechfe sold 1,200 shares of Stamps.com stock in a transaction that occurred on Monday, October 1st. The shares were sold at an average price of $226.66, for a total value of $271,992.00. Following the completion of the sale, the insider now directly owns 1,541 shares of the company’s stock, valued at approximately $349,283.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CMO Sebastian Buerba sold 2,499 shares of Stamps.com stock in a transaction that occurred on Tuesday, September 4th. The stock was sold at an average price of $249.71, for a total transaction of $624,025.29. Following the completion of the sale, the chief marketing officer now directly owns 719 shares of the company’s stock, valued at $179,541.49. The disclosure for this sale can be found here. Insiders have sold a total of 8,600 shares of company stock valued at $1,973,733 over the last 90 days. Insiders own 6.17% of the company’s stock.
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Stamps.com Company 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.
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