Stamps.com Inc. (NASDAQ:STMP) Holdings Reduced by Advisory Services Network LLC

Advisory Services Network LLC lessened its position in shares of Stamps.com Inc. (NASDAQ:STMP) by 81.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,270 shares of the software maker’s stock after selling 5,460 shares during the quarter. Advisory Services Network LLC’s holdings in Stamps.com were worth $103,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in STMP. Vanguard Group Inc lifted its stake in shares of Stamps.com by 0.9% during the 3rd quarter. Vanguard Group Inc now owns 1,728,469 shares of the software maker’s stock worth $390,979,000 after acquiring an additional 15,545 shares during the last quarter. SQN Investors LP grew its stake in Stamps.com by 36.4% during the 1st quarter. SQN Investors LP now owns 817,464 shares of the software maker’s stock worth $66,550,000 after buying an additional 218,182 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Stamps.com by 4.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 326,960 shares of the software maker’s stock worth $50,889,000 after buying an additional 13,074 shares during the last quarter. Epoch Investment Partners Inc. grew its stake in Stamps.com by 70.5% during the 4th quarter. Epoch Investment Partners Inc. now owns 280,643 shares of the software maker’s stock worth $43,679,000 after buying an additional 115,999 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in Stamps.com by 8.9% during the 4th quarter. Geode Capital Management LLC now owns 192,138 shares of the software maker’s stock worth $29,904,000 after buying an additional 15,760 shares during the last quarter. Hedge funds and other institutional investors own 96.67% of the company’s stock.

STMP has been the topic of several research analyst reports. B. Riley reiterated a “buy” rating and set a $26.00 price target (up previously from $24.00) on shares of KEMET in a research note on Thursday, May 9th. Zacks Investment Research cut HEXO from a “hold” rating to a “sell” rating in a report on Wednesday, May 15th. Northland Securities reissued a “buy” rating and issued a $55.00 price objective on shares of Heron Therapeutics in a report on Thursday, May 9th. Maxim Group reissued a “buy” rating and issued a $71.00 price objective on shares of Nicolet Bankshares in a report on Thursday. Finally, Roth Capital upped their price target on NV5 Global from $90.00 to $96.00 and gave the stock a “buy” rating in a report on Thursday, May 9th. Three equities research analysts have rated the stock with a sell rating and five have assigned a hold rating to the stock. Stamps.com currently has a consensus rating of “Hold” and an average target price of $80.00.

Shares of Stamps.com stock traded down $2.67 during mid-day trading on Thursday, reaching $44.94. 779,612 shares of the stock traded hands, compared to its average volume of 1,015,684. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 0.10. The company has a 50-day moving average price of $41.83. The stock has a market capitalization of $842.46 million, a PE ratio of 4.57, a PEG ratio of 1.39 and a beta of 1.28. Stamps.com Inc. has a fifty-two week low of $32.54 and a fifty-two week high of $284.45.

Stamps.com (NASDAQ:STMP) last posted its quarterly earnings results on Wednesday, May 8th. The software maker reported $0.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.70 by $0.14. The business had revenue of $136.00 million during the quarter, compared to analyst estimates of $126.06 million. Stamps.com had a return on equity of 26.02% and a net margin of 23.31%. The business’s revenue was up 1.8% compared to the same quarter last year. During the same period in the prior year, the business earned $2.54 earnings per share. As a group, analysts forecast that Stamps.com Inc. will post 2.34 earnings per share for the current fiscal year.

Stamps.com Company 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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