Rhumbline Advisers Buys 2,446 Shares of Stamps.com Inc. (NASDAQ:STMP)

Rhumbline Advisers boosted its stake in shares of Stamps.com Inc. (NASDAQ:STMP) by 4.7% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 54,850 shares of the software maker’s stock after purchasing an additional 2,446 shares during the quarter. Rhumbline Advisers’ holdings in Stamps.com were worth $4,084,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. AQR Capital Management LLC boosted its position in Stamps.com by 555.3% during the second quarter. AQR Capital Management LLC now owns 24,284 shares of the software maker’s stock worth $1,099,000 after purchasing an additional 20,578 shares during the period. Aperio Group LLC boosted its position in Stamps.com by 85.2% during the second quarter. Aperio Group LLC now owns 13,499 shares of the software maker’s stock worth $611,000 after purchasing an additional 6,211 shares during the period. Canada Pension Plan Investment Board bought a new stake in Stamps.com during the second quarter worth approximately $4,775,000. JPMorgan Chase & Co. boosted its position in Stamps.com by 380.6% during the second quarter. JPMorgan Chase & Co. now owns 209,260 shares of the software maker’s stock worth $9,031,000 after purchasing an additional 165,719 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its position in Stamps.com by 14.4% during the second quarter. Charles Schwab Investment Management Inc. now owns 126,406 shares of the software maker’s stock worth $5,723,000 after purchasing an additional 15,958 shares during the period. 98.81% of the stock is owned by hedge funds and other institutional investors.

STMP has been the subject of several research reports. B. Riley increased their price objective on Stamps.com from $62.50 to $80.00 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. Maxim Group reissued a “hold” rating on shares of Stamps.com in a research report on Friday, August 9th. Roth Capital increased their price objective on Stamps.com from $52.00 to $85.00 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. Zacks Investment Research raised Stamps.com from a “sell” rating to a “hold” rating and set a $64.00 price objective for the company in a research report on Friday, August 9th. Finally, BidaskClub raised Stamps.com from a “buy” rating to a “strong-buy” rating in a research report on Friday, October 25th. Six investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. Stamps.com presently has an average rating of “Hold” and an average target price of $78.00.

STMP opened at $90.75 on Friday. Stamps.com Inc. has a 1-year low of $32.54 and a 1-year high of $207.25. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 0.10. The stock has a market capitalization of $1.49 billion, a price-to-earnings ratio of 9.22, a P/E/G ratio of 2.20 and a beta of 1.13. The business has a 50 day moving average of $79.22 and a 200-day moving average of $59.94.

Stamps.com (NASDAQ:STMP) last posted its quarterly earnings data on Wednesday, August 7th. The software maker reported $1.25 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.68. Stamps.com had a return on equity of 21.69% and a net margin of 17.98%. The company had revenue of $138.77 million during the quarter, compared to analysts’ expectations of $128.35 million. During the same period in the prior year, the business earned $2.75 earnings per share. Stamps.com’s revenue for the quarter was down .6% compared to the same quarter last year. Equities analysts predict that Stamps.com Inc. will post 2.63 EPS for the current year.

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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