Atom Investors LP Reduces Stake in Stamps.com Inc. (NASDAQ:STMP)

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Atom Investors LP cut its holdings in shares of Stamps.com Inc. (NASDAQ:STMP) by 80.0% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 19,093 shares of the software maker’s stock after selling 76,514 shares during the quarter. Atom Investors LP owned 0.11% of Stamps.com worth $3,507,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Arizona State Retirement System boosted its holdings in shares of Stamps.com by 1.2% in the 2nd quarter. Arizona State Retirement System now owns 3,854 shares of the software maker’s stock valued at $708,000 after acquiring an additional 46 shares during the last quarter. M&T Bank Corp grew its position in Stamps.com by 2.3% during the 1st quarter. M&T Bank Corp now owns 2,929 shares of the software maker’s stock worth $381,000 after purchasing an additional 67 shares during the period. Alliancebernstein L.P. lifted its holdings in shares of Stamps.com by 0.4% in the 1st quarter. Alliancebernstein L.P. now owns 24,422 shares of the software maker’s stock valued at $3,177,000 after buying an additional 100 shares during the period. Alberta Investment Management Corp boosted its stake in shares of Stamps.com by 2.4% in the second quarter. Alberta Investment Management Corp now owns 4,200 shares of the software maker’s stock worth $771,000 after buying an additional 100 shares during the last quarter. Finally, US Bancorp DE grew its holdings in Stamps.com by 22.5% during the second quarter. US Bancorp DE now owns 696 shares of the software maker’s stock worth $128,000 after acquiring an additional 128 shares during the period. Institutional investors and hedge funds own 86.12% of the company’s stock.

Shares of STMP stock traded down $11.93 on Friday, reaching $220.93. 510,093 shares of the company were exchanged, compared to its average volume of 399,903. Stamps.com Inc. has a 1 year low of $66.76 and a 1 year high of $325.13. The business has a 50-day moving average price of $255.52 and a 200 day moving average price of $183.31. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.18 and a current ratio of 2.18. The company has a market cap of $3.88 billion, a price-to-earnings ratio of 41.76 and a beta of 0.52.

Stamps.com (NASDAQ:STMP) last released its earnings results on Thursday, August 6th. The software maker reported $3.11 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.26 by $1.85. Stamps.com had a return on equity of 15.81% and a net margin of 14.91%. The firm had revenue of $206.73 million for the quarter, compared to the consensus estimate of $144.05 million. During the same period in the prior year, the business posted $1.25 earnings per share. The firm’s revenue for the quarter was up 49.0% compared to the same quarter last year. As a group, equities analysts anticipate that Stamps.com Inc. will post 5.74 earnings per share for the current year.

Several equities research analysts have commented on STMP shares. BidaskClub lowered Stamps.com from a “buy” rating to a “hold” rating in a research report on Wednesday. Craig Hallum raised their price target on shares of Stamps.com from $230.00 to $300.00 and gave the company a “buy” rating in a research report on Monday, August 3rd. Finally, Northland Securities downgraded shares of Stamps.com from an “outperform” rating to a “market perform” rating in a research report on Friday, August 7th. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Stamps.com currently has a consensus rating of “Hold” and a consensus target price of $160.67.

In other news, CMO Sebastian Buerba sold 2,511 shares of Stamps.com stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $236.89, for a total value of $594,830.79. Following the transaction, the chief marketing officer now directly owns 1,947 shares of the company’s stock, valued at approximately $461,224.83. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Steve Rifai sold 2,000 shares of the business’s stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $250.12, for a total value of $500,240.00. Following the sale, the insider now owns 2,000 shares of the company’s stock, valued at approximately $500,240. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 236,164 shares of company stock valued at $56,571,913. 9.62% of the stock is owned by insiders.

Stamps.com Profile

Stamps.com Inc provides Internet-based mailing and shipping solutions in the United States and Europe. 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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