Nationwide Fund Advisors Trims Position in Stamps.com Inc. (STMP)

Nationwide Fund Advisors decreased its stake in shares of Stamps.com Inc. (NASDAQ:STMP) by 4.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,994 shares of the software maker’s stock after selling 438 shares during the period. Nationwide Fund Advisors owned 0.05% of Stamps.com worth $1,393,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of STMP. BlackRock Inc. lifted its position in Stamps.com by 143,777.2% during the 1st quarter. BlackRock Inc. now owns 1,880,475 shares of the software maker’s stock worth $222,554,000 after buying an additional 1,879,168 shares in the last quarter. DSAM Partners London Ltd acquired a new position in Stamps.com during the 2nd quarter worth about $20,876,000. Capital Fund Management S.A. lifted its position in Stamps.com by 218.5% during the 2nd quarter. Capital Fund Management S.A. now owns 118,468 shares of the software maker’s stock worth $18,348,000 after buying an additional 81,277 shares in the last quarter. Vanguard Group Inc. lifted its position in Stamps.com by 4.0% during the 1st quarter. Vanguard Group Inc. now owns 1,382,079 shares of the software maker’s stock worth $163,568,000 after buying an additional 53,479 shares in the last quarter. Finally, Rice Hall James & Associates LLC lifted its position in Stamps.com by 19.7% during the 2nd quarter. Rice Hall James & Associates LLC now owns 312,063 shares of the software maker’s stock worth $48,331,000 after buying an additional 51,346 shares in the last quarter.

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In other news, insider Seth Weisberg sold 25,000 shares of the business’s stock in a transaction dated Thursday, August 3rd. The stock was sold at an average price of $197.45, for a total transaction of $4,936,250.00. Following the sale, the insider now directly owns 32,572 shares in the company, valued at $6,431,341.40. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider John Roland Clem sold 800 shares of the business’s stock in a transaction dated Wednesday, October 4th. The stock was sold at an average price of $220.00, for a total value of $176,000.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 465,435 shares of company stock worth $92,272,190. Company insiders own 11.46% of the company’s stock.

Stamps.com Inc. (STMP) opened at 219.85 on Friday. The firm’s 50-day moving average is $206.77 and its 200-day moving average is $160.95. The firm has a market capitalization of $3.72 billion, a P/E ratio of 35.56 and a beta of -0.04. Stamps.com Inc. has a 52-week low of $89.49 and a 52-week high of $226.00.

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. The firm had revenue of $116.14 million for the quarter, compared to analysts’ expectations of $99.29 million. Stamps.com had a return on equity of 34.46% and a net margin of 26.66%. The business’s revenue for the quarter was up 38.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.94 earnings per share. On average, equities analysts expect that Stamps.com Inc. will post $8.05 earnings per share for the current year.

STMP has been the topic of several research reports. Zacks Investment Research upgraded shares of Stamps.com from a “hold” rating to a “strong-buy” rating and set a $222.00 price target on the stock in a research report on Tuesday, August 29th. Northland Securities reiterated a “buy” rating and set a $250.00 price target on shares of Stamps.com in a research report on Thursday, October 12th. ValuEngine downgraded shares of Stamps.com from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. B. Riley set a $250.00 price target on shares of Stamps.com and gave the stock a “buy” rating in a research report on Friday, August 25th. Finally, Craig Hallum reiterated a “buy” rating and set a $210.00 price target (up previously from $170.00) on shares of Stamps.com in a research report on Thursday, August 3rd. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Stamps.com has an average rating of “Buy” and an average price target of $211.71.

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.

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

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