Stamps.com Inc. (STMP) Holdings Cut by BKS Advisors LLC

BKS Advisors LLC lowered its stake in shares of Stamps.com Inc. (NASDAQ:STMP) by 4.3% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,109 shares of the software maker’s stock after selling 500 shares during the quarter. BKS Advisors LLC owned about 0.06% of Stamps.com worth $2,512,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. Russell Investments Group Ltd. boosted its position in Stamps.com by 179.8% during the third quarter. Russell Investments Group Ltd. now owns 16,085 shares of the software maker’s stock worth $3,653,000 after purchasing an additional 10,337 shares during the period. Conestoga Capital Advisors LLC lifted its holdings in shares of Stamps.com by 16.1% during the third quarter. Conestoga Capital Advisors LLC now owns 383,078 shares of the software maker’s stock worth $86,652,000 after buying an additional 53,051 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its holdings in shares of Stamps.com by 100.0% during the third quarter. Robeco Institutional Asset Management B.V. now owns 518 shares of the software maker’s stock worth $125,000 after buying an additional 259 shares during the last quarter. First Trust Advisors LP lifted its holdings in shares of Stamps.com by 57.9% during the third quarter. First Trust Advisors LP now owns 22,463 shares of the software maker’s stock worth $5,081,000 after buying an additional 8,239 shares during the last quarter. Finally, First Quadrant L P CA acquired a new position in shares of Stamps.com during the third quarter worth approximately $5,310,000. 91.99% of the stock is owned by hedge funds and other institutional investors.

Shares of STMP stock traded down $3.61 during trading hours on Friday, reaching $189.54. 4,835 shares of the company’s stock were exchanged, compared to its average volume of 335,379. Stamps.com Inc. has a fifty-two week low of $160.00 and a fifty-two week high of $285.74. The firm has a market cap of $3.63 billion, a PE ratio of 19.14, a price-to-earnings-growth ratio of 1.47 and a beta of -0.03. The company has a quick ratio of 3.38, a current ratio of 3.38 and a debt-to-equity ratio of 0.09.



Stamps.com (NASDAQ:STMP) last issued its earnings results on Wednesday, August 1st. The software maker reported $2.75 EPS for the quarter, beating analysts’ consensus estimates of $2.17 by $0.58. The business had revenue of $139.63 million during the quarter, compared to analyst estimates of $133.49 million. Stamps.com had a return on equity of 39.85% and a net margin of 34.37%. Stamps.com’s revenue was up 20.2% on a year-over-year basis. During the same period in the prior year, the company posted $2.08 earnings per share. As a group, equities analysts predict that Stamps.com Inc. will post 9.07 EPS for the current fiscal year.

A number of research analysts have recently commented on STMP shares. Maxim Group set a $320.00 price target on Stamps.com and gave the stock a “buy” rating in a report on Thursday, August 2nd. BidaskClub lowered Stamps.com from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 1st. Roth Capital upped their price target on Stamps.com from $255.00 to $305.00 and gave the stock a “buy” rating in a report on Thursday, July 26th. B. Riley set a $300.00 price target on Stamps.com and gave the stock a “buy” rating in a report on Thursday, October 18th. Finally, ValuEngine upgraded Stamps.com from a “hold” rating to a “buy” rating in a report on Tuesday, September 4th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $252.00.

In related news, insider Amine Khechfe sold 1,200 shares of the company’s stock in a transaction on Monday, October 1st. The stock was sold at an average price of $226.66, for a total value of $271,992.00. Following the completion of the transaction, the insider now directly owns 1,541 shares in the company, valued at $349,283.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CMO Sebastian Buerba sold 2,501 shares of the company’s stock in a transaction on Monday, October 1st. The shares were sold at an average price of $222.49, for a total value of $556,447.49. Following the completion of the transaction, the chief marketing officer now owns 720 shares of the company’s stock, valued at $160,192.80. The disclosure for this sale can be found here. Insiders sold 9,901 shares of company stock valued at $2,399,880 over the last 90 days. 6.17% of the stock is currently owned by corporate insiders.

Stamps.com Profile

Stamps.com Inc provides Internet-based mailing and shipping solutions in the United States. 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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Institutional Ownership by Quarter for Stamps.com (NASDAQ:STMP)

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