California Public Employees Retirement System Purchases 2,000 Shares of Stamps.com Inc. (STMP)

California Public Employees Retirement System boosted its position in Stamps.com Inc. (NASDAQ:STMP) by 3.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 64,900 shares of the software maker’s stock after buying an additional 2,000 shares during the period. California Public Employees Retirement System owned approximately 0.38% of Stamps.com worth $10,051,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Mason Street Advisors LLC boosted its position in Stamps.com by 5.7% in the first quarter. Mason Street Advisors LLC now owns 3,664 shares of the software maker’s stock valued at $434,000 after buying an additional 199 shares during the last quarter. Alliancebernstein L.P. boosted its position in Stamps.com by 16.8% in the first quarter. Alliancebernstein L.P. now owns 25,686 shares of the software maker’s stock valued at $3,040,000 after buying an additional 3,700 shares during the last quarter. Airain ltd boosted its position in Stamps.com by 63.9% in the second quarter. Airain ltd now owns 23,810 shares of the software maker’s stock valued at $3,688,000 after buying an additional 9,280 shares during the last quarter. BlackRock Inc. boosted its position 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 buying an additional 1,879,168 shares during the last quarter. Finally, Bank of America Corp DE boosted its position in Stamps.com by 20.9% in the first quarter. Bank of America Corp DE now owns 69,162 shares of the software maker’s stock valued at $8,185,000 after buying an additional 11,967 shares during the last quarter.

In related news, insider Michael John Biswas sold 76,602 shares of Stamps.com stock in a transaction that occurred on Wednesday, September 13th. The stock was sold at an average price of $196.55, for a total value of $15,056,123.10. Following the sale, the insider now directly owns 15,365 shares in the company, valued at $3,019,990.75. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Seth Weisberg sold 25,000 shares of Stamps.com stock in a transaction that occurred on Thursday, August 3rd. The shares were sold at an average price of $197.45, for a total value of $4,936,250.00. Following the completion of the sale, the insider now owns 32,572 shares in the company, valued at $6,431,341.40. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 452,763 shares of company stock worth $89,468,644. Company insiders own 11.46% of the company’s stock.

A number of equities research analysts recently commented on the company. Roth Capital upped their target price on Stamps.com from $166.00 to $203.00 and gave the company a “buy” rating in a research report on Thursday, August 3rd. Craig Hallum set a $230.00 target price on Stamps.com and gave the company a “buy” rating in a research report on Friday, August 25th. Northland Securities reiterated a “buy” rating and issued a $200.00 target price on shares of Stamps.com in a research report on Thursday, September 14th. Zacks Investment Research lowered Stamps.com from a “strong-buy” rating to a “hold” rating in a research report on Wednesday. Finally, B. Riley reiterated a “buy” rating and issued a $250.00 target price on shares of Stamps.com in a research report on Tuesday, August 8th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $204.57.

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

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

Stamps.com Company 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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