Mason Street Advisors LLC increased its stake in Stamps.com Inc. (NASDAQ:STMP) by 5.7% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,664 shares of the software maker’s stock after buying an additional 199 shares during the period. Mason Street Advisors LLC’s holdings in Stamps.com were worth $434,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in the company. TrimTabs Asset Management LLC boosted its position in Stamps.com by 88.9% in the first quarter. TrimTabs Asset Management LLC now owns 1,071 shares of the software maker’s stock worth $127,000 after buying an additional 504 shares in the last quarter. LS Investment Advisors LLC raised its stake in Stamps.com by 83.1% in the first quarter. LS Investment Advisors LLC now owns 1,093 shares of the software maker’s stock valued at $129,000 after buying an additional 496 shares in the last quarter. Benjamin F. Edwards & Company Inc. increased its position in Stamps.com by 13.6% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 1,287 shares of the software maker’s stock valued at $152,000 after buying an additional 154 shares during the last quarter. Ameritas Investment Partners Inc. bought a new position in Stamps.com during the first quarter valued at about $165,000. Finally, Advisory Services Network LLC bought a new stake in shares of Stamps.com during the first quarter worth $166,000.
Shares of Stamps.com Inc. (NASDAQ STMP) traded down 3.99% during mid-day trading on Monday, reaching $143.15. 1,165,807 shares of the company’s stock traded hands. Stamps.com Inc. has a 1-year low of $68.82 and a 1-year high of $156.40. The firm has a 50-day moving average price of $138.10 and a 200-day moving average price of $123.44. The company has a market capitalization of $2.42 billion, a P/E ratio of 27.31 and a beta of 0.01.
Stamps.com (NASDAQ:STMP) last posted its quarterly earnings data on Wednesday, May 3rd. The software maker reported $1.20 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.04 by $0.16. The business had revenue of $105.04 million during the quarter, compared to the consensus estimate of $94.40 million. Stamps.com had a return on equity of 35.30% and a net margin of 24.55%. On average, equities research analysts forecast that Stamps.com Inc. will post $7.30 earnings per share for the current fiscal year.
Stamps.com declared that its Board of Directors has initiated a stock buyback plan on Wednesday, May 3rd that allows the company to repurchase $90.00 million in outstanding shares. This repurchase authorization allows the software maker to buy up to 4.8% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board believes its stock is undervalued.
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A number of research analysts recently weighed in on the stock. B. Riley restated a “buy” rating and issued a $210.00 price objective on shares of Stamps.com in a report on Tuesday, May 2nd. Zacks Investment Research upgraded shares of Stamps.com from a “hold” rating to a “strong-buy” rating and set a $119.00 price target for the company in a research report on Wednesday, May 10th. ValuEngine cut shares of Stamps.com from a “buy” rating to a “hold” rating in a research note on Wednesday, May 24th. Finally, Roth Capital reaffirmed a “buy” rating and set a $166.00 price target on shares of Stamps.com in a research note on Wednesday, May 31st. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $173.80.
In other Stamps.com news, insider Amine Khechfe sold 2,400 shares of the firm’s stock in a transaction on Thursday, May 4th. The stock was sold at an average price of $120.00, for a total transaction of $288,000.00. Following the transaction, the insider now owns 2,572 shares in the company, valued at approximately $308,640. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider James Bortnak sold 4,184 shares of the firm’s stock in a transaction on Monday, April 24th. The stock was sold at an average price of $111.59, for a total value of $466,892.56. Following the transaction, the insider now owns 6,169 shares in the company, valued at approximately $688,398.71. The disclosure for this sale can be found here. Insiders have sold 66,984 shares of company stock valued at $9,463,763 over the last three months. Insiders own 11.08% of the company’s stock.
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.
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