BKS Advisors LLC cut its holdings in Stamps.com Inc. (NASDAQ:STMP) by 7.7% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,099 shares of the software maker’s stock after selling 425 shares during the period. BKS Advisors LLC’s holdings in Stamps.com were worth $415,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. Pearl River Capital LLC purchased a new stake in shares of Stamps.com in the 4th quarter worth about $27,000. Stephens Inc. AR boosted its position in shares of Stamps.com by 155.8% in the 4th quarter. Stephens Inc. AR now owns 220 shares of the software maker’s stock worth $34,000 after buying an additional 134 shares in the last quarter. Tower Research Capital LLC TRC boosted its position in shares of Stamps.com by 6,925.0% in the 3rd quarter. Tower Research Capital LLC TRC now owns 562 shares of the software maker’s stock worth $127,000 after buying an additional 554 shares in the last quarter. Huntington National Bank purchased a new stake in shares of Stamps.com in the 1st quarter worth about $101,000. Finally, Mutual Advisors LLC purchased a new stake in shares of Stamps.com in the 3rd quarter worth about $296,000. Institutional investors and hedge funds own 97.48% of the company’s stock.
Several equities research analysts recently commented on the stock. Craig Hallum decreased their price objective on shares of Stamps.com from $265.00 to $125.00 and set a “buy” rating on the stock in a research report on Friday, February 22nd. Maxim Group lowered shares of Stamps.com from a “buy” rating to a “hold” rating in a research report on Friday, February 22nd. BidaskClub upgraded shares of Stamps.com from a “sell” rating to a “hold” rating in a research report on Thursday, February 14th. Finally, Zacks Investment Research lowered shares of Stamps.com from a “buy” rating to a “hold” rating in a research report on Wednesday, February 13th. Three investment analysts have rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $122.83.
NASDAQ:STMP opened at $78.41 on Wednesday. The stock has a market capitalization of $1.39 billion, a price-to-earnings ratio of 7.97, a PEG ratio of 1.32 and a beta of 0.38. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.52 and a current ratio of 1.52. Stamps.com Inc. has a 12-month low of $75.61 and a 12-month high of $285.74.
Stamps.com (NASDAQ:STMP) last released its earnings results on Thursday, February 21st. The software maker reported $3.73 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.90 by $0.83. The company had revenue of $170.23 million for the quarter, compared to analyst estimates of $159.99 million. Stamps.com had a net margin of 28.73% and a return on equity of 30.75%. The firm’s quarterly revenue was up 28.5% on a year-over-year basis. During the same period in the prior year, the firm earned $4.68 EPS. Analysts forecast that Stamps.com Inc. will post 3.95 earnings per share for the current year.
In other Stamps.com news, insider Amine Khechfe sold 11,200 shares of the company’s stock in a transaction dated Friday, February 15th. The shares were sold at an average price of $200.00, for a total value of $2,240,000.00. Following the transaction, the insider now directly owns 11,591 shares in the company, valued at approximately $2,318,200. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Mohan P. Ananda sold 1,000 shares of the company’s stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $93.32, for a total transaction of $93,320.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 13,400 shares of company stock worth $2,555,500. 6.17% of the stock is owned by insiders.
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Stamps.com Inc provides Internet-based mailing and shipping solutions in the United States and Europe. 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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