Advisor Group Inc. Boosts Position in Stamps.com Inc. (STMP)

Advisor Group Inc. increased its position in Stamps.com Inc. (NASDAQ:STMP) by 370.8% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,079 shares of the software maker’s stock after purchasing an additional 2,425 shares during the period. Advisor Group Inc.’s holdings in Stamps.com were worth $476,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. BlackRock Inc. boosted its stake in Stamps.com by 143,777.2% in the first quarter. BlackRock Inc. now owns 1,880,475 shares of the software maker’s stock valued at $222,554,000 after acquiring an additional 1,879,168 shares during the period. Vanguard Group Inc. boosted its stake in Stamps.com by 4.7% in the second quarter. Vanguard Group Inc. now owns 1,446,477 shares of the software maker’s stock valued at $224,023,000 after acquiring an additional 64,398 shares during the period. P2 Capital Partners LLC boosted its stake in Stamps.com by 21.1% in the first quarter. P2 Capital Partners LLC now owns 716,175 shares of the software maker’s stock valued at $84,759,000 after acquiring an additional 125,000 shares during the period. Jericho Capital Asset Management L.P. boosted its stake in Stamps.com by 0.7% in the first quarter. Jericho Capital Asset Management L.P. now owns 596,303 shares of the software maker’s stock valued at $70,572,000 after acquiring an additional 4,303 shares during the period. Finally, State Street Corp boosted its stake in Stamps.com by 7.9% in the first quarter. State Street Corp now owns 385,090 shares of the software maker’s stock valued at $45,577,000 after acquiring an additional 28,331 shares during the period.

In other Stamps.com news, CTO Michael John Biswas sold 4,327 shares of the company’s stock in a transaction dated Wednesday, September 20th. The shares were sold at an average price of $210.05, for a total transaction of $908,886.35. Following the sale, the chief technology officer now directly owns 4,622 shares of the company’s stock, valued at $970,851.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider John Roland Clem sold 800 shares of the company’s stock in a transaction dated Wednesday, October 4th. The stock was sold at an average price of $220.00, for a total transaction of $176,000.00. The disclosure for this sale can be found here. Insiders have sold 452,763 shares of company stock worth $89,468,644 over the last ninety days. Insiders own 11.46% of the company’s stock.

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A number of brokerages have commented on STMP. B. Riley restated a “buy” rating and issued a $250.00 target price on shares of Stamps.com in a research note on Thursday, August 3rd. ValuEngine downgraded Stamps.com from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Zacks Investment Research downgraded Stamps.com from a “strong-buy” rating to a “hold” rating in a research note on Wednesday. Craig Hallum restated a “buy” rating and issued a $210.00 target price (up from $170.00) on shares of Stamps.com in a research note on Thursday, August 3rd. Finally, Sidoti restated a “buy” rating and issued a $182.00 target price on shares of Stamps.com in a research note on Thursday, July 6th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $204.57.

Stamps.com Inc. (NASDAQ STMP) opened at 216.25 on Friday. The firm has a 50-day moving average price of $201.96 and a 200-day moving average price of $154.46. The firm has a market capitalization of $3.66 billion, a P/E ratio of 34.97 and a beta of -0.04. Stamps.com Inc. has a 52 week low of $89.26 and a 52 week high of $220.25.

Stamps.com (NASDAQ:STMP) last posted its quarterly earnings results on Wednesday, August 2nd. The software maker reported $1.69 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.33 by $0.36. The firm had revenue of $116.14 million during the quarter, compared to analyst estimates of $99.29 million. Stamps.com had a net margin of 26.66% and a return on equity of 34.46%. The company’s quarterly revenue was up 38.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.94 earnings per share. Equities analysts forecast that Stamps.com Inc. will post $8.05 EPS for the current year.

Stamps.com Profile

Stamps.com Inc is a provider of Internet-based mailing and shipping solutions in the United States. The Company offers mailing and shipping products and services to its customers under the Stamps.com, Endicia, ShipStation, ShipWorks and ShippingEasy brands. It operates through the Internet Mailing and Shipping Services segment.

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

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