Teachers Retirement System of The State of Kentucky lowered its position in shares of Stamps.com Inc. (NASDAQ:STMP) by 5.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,500 shares of the company’s stock after selling 300 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Stamps.com were worth $631,000 as of its most recent filing with the SEC.
A number of other large investors also recently made changes to their positions in the stock. Macquarie Group Ltd. bought a new stake in shares of Stamps.com during the second quarter worth about $3,523,000. First Mercantile Trust Co. raised its stake in shares of Stamps.com by 29.8% in the third quarter. First Mercantile Trust Co. now owns 4,802 shares of the company’s stock worth $454,000 after buying an additional 1,102 shares during the period. Nisa Investment Advisors LLC raised its stake in shares of Stamps.com by 437.5% in the third quarter. Nisa Investment Advisors LLC now owns 4,300 shares of the company’s stock worth $406,000 after buying an additional 3,500 shares during the period. AMI Asset Management Corp bought a new stake in shares of Stamps.com during the third quarter worth about $14,799,000. Finally, Rice Hall James & Associates LLC raised its stake in shares of Stamps.com by 29.3% in the third quarter. Rice Hall James & Associates LLC now owns 262,969 shares of the company’s stock worth $24,853,000 after buying an additional 59,597 shares during the period.
Shares of Stamps.com Inc. (NASDAQ:STMP) opened at 117.00 on Monday. The firm’s 50-day moving average is $127.41 and its 200-day moving average is $110.73. The stock has a market capitalization of $1.97 billion, a price-to-earnings ratio of 28.40 and a beta of 0.12. Stamps.com Inc. has a one year low of $68.82 and a one year high of $136.00.
Stamps.com (NASDAQ:STMP) last issued its earnings results on Thursday, February 23rd. The company reported $2.73 EPS for the quarter, beating the Zacks’ consensus estimate of $2.36 by $0.37. The firm had revenue of $105.90 million for the quarter, compared to analyst estimates of $97.38 million. Stamps.com had a return on equity of 30.57% and a net margin of 14.05%. Stamps.com’s revenue for the quarter was up 51.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.57 earnings per share. Equities research analysts forecast that Stamps.com Inc. will post $6.49 EPS for the current year.
STMP has been the subject of a number of research analyst reports. Zacks Investment Research lowered shares of Stamps.com from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 5th. Roth Capital set a $156.00 price objective on shares of Stamps.com and gave the company a “buy” rating in a report on Friday, February 17th. B. Riley reaffirmed a “buy” rating and set a $184.00 price objective on shares of Stamps.com in a report on Tuesday, February 21st. Finally, Singular Research reaffirmed a “buy” rating and set a $145.00 price objective (up from $134.00) on shares of Stamps.com in a report on Monday, February 27th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $159.25.
In related news, Director Lloyd I. Miller III sold 6,100 shares of the company’s stock in a transaction that occurred on Wednesday, February 22nd. The stock was sold at an average price of $136.00, for a total value of $829,600.00. Following the sale, the director now owns 195,269 shares in the company, valued at $26,556,584. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider James Bortnak sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 24th. The shares were sold at an average price of $120.84, for a total value of $604,200.00. Following the completion of the sale, the insider now owns 6,093 shares in the company, valued at approximately $736,278.12. The disclosure for this sale can be found here. In the last quarter, insiders sold 335,210 shares of company stock worth $43,634,735. 11.46% of the stock is owned by insiders.
Stamps.com Company Profile
Stamps.com Inc is a provider of Internet-based mailing and shipping solutions. The Company operates through the Internet Mailing and Shipping Services segment. Under the Stamps.com and Endicia branded solutions, the Company’s customers use its service to mail and ship a range of mail pieces, including postcards, envelopes, flats and packages, using a range of United States Postal Service (USPS) mail classes, including First Class Mail, Priority Mail, Priority Mail Express, Media Mail, and Parcel Select, and among others.
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