Victory Capital Management Inc. Acquires Shares of 9,507 Stamps.com Inc. (STMP)

Victory Capital Management Inc. acquired a new stake in Stamps.com Inc. (NASDAQ:STMP) during the third quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 9,507 shares of the software maker’s stock, valued at approximately $2,150,000. Victory Capital Management Inc. owned approximately 0.05% of Stamps.com as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the stock. Robeco Institutional Asset Management B.V. increased its position in Stamps.com by 100.0% in the 3rd 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 period. Cerebellum GP LLC bought a new position in Stamps.com in the 3rd quarter worth approximately $156,000. BRYN MAWR TRUST Co bought a new position in Stamps.com in the 2nd quarter worth approximately $202,000. Private Wealth Partners LLC bought a new position in Stamps.com in the 2nd quarter worth approximately $202,000. Finally, World Asset Management Inc bought a new position in Stamps.com in the 2nd quarter worth approximately $207,000. 92.19% of the stock is currently owned by institutional investors and hedge funds.

In other news, insider Amine Khechfe sold 1,200 shares of Stamps.com stock in a transaction that occurred on Tuesday, September 4th. The stock was sold at an average price of $248.15, for a total transaction of $297,780.00. Following the sale, the insider now owns 1,541 shares of the company’s stock, valued at approximately $382,399.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CMO Sebastian Buerba sold 2,499 shares of Stamps.com stock in a transaction that occurred on Tuesday, September 4th. The stock was sold at an average price of $249.71, for a total value of $624,025.29. Following the sale, the chief marketing officer now directly owns 719 shares in the company, valued at approximately $179,541.49. The disclosure for this sale can be found here. Insiders have sold a total of 8,600 shares of company stock worth $1,973,733 in the last three months. 6.17% of the stock is owned by insiders.

Several research analysts have commented on STMP shares. BidaskClub downgraded Stamps.com from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 1st. Maxim Group set a $320.00 price target on Stamps.com and gave the stock a “buy” rating in a research report on Thursday, August 2nd. ValuEngine downgraded Stamps.com from a “buy” rating to a “hold” rating in a research report on Monday, August 13th. B. Riley set a $300.00 price target on Stamps.com and gave the stock a “buy” rating in a research report on Thursday, October 18th. Finally, Craig Hallum dropped their price target on Stamps.com from $300.00 to $265.00 and set a “buy” rating on the stock in a research report on Thursday, November 1st. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $246.86.

Shares of NASDAQ STMP opened at $158.86 on Friday. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 0.08. The company has a market capitalization of $2.88 billion, a price-to-earnings ratio of 14.40, a price-to-earnings-growth ratio of 1.08 and a beta of 0.23. Stamps.com Inc. has a 12 month low of $145.78 and a 12 month high of $285.74.

Stamps.com (NASDAQ:STMP) last announced its quarterly earnings data on Wednesday, October 31st. The software maker reported $2.76 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.38 by $0.38. Stamps.com had a return on equity of 35.93% and a net margin of 30.26%. The company had revenue of $143.51 million for the quarter, compared to analyst estimates of $135.00 million. During the same quarter last year, the firm earned $2.68 EPS. Stamps.com’s revenue for the quarter was up 24.7% compared to the same quarter last year. On average, research analysts forecast that Stamps.com Inc. will post 9.79 earnings per share for the current fiscal year.

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About Stamps.com

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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