BNP Paribas Arbitrage SA lifted its stake in shares of Stamps.com Inc. (NASDAQ:STMP) by 36.5% during the 2nd quarter, HoldingsChannel reports. The firm owned 21,615 shares of the software maker’s stock after purchasing an additional 5,777 shares during the quarter. BNP Paribas Arbitrage SA’s holdings in Stamps.com were worth $4,329,000 at the end of the most recent reporting period.
Several other institutional investors also recently modified their holdings of STMP. State Board of Administration of Florida Retirement System lifted its holdings in Stamps.com by 15.6% in the second quarter. State Board of Administration of Florida Retirement System now owns 7,164 shares of the software maker’s stock valued at $1,435,000 after acquiring an additional 966 shares during the last quarter. Rafferty Asset Management LLC lifted its holdings in Stamps.com by 32.9% in the second quarter. Rafferty Asset Management LLC now owns 5,086 shares of the software maker’s stock valued at $1,019,000 after acquiring an additional 1,260 shares during the last quarter. O Shaughnessy Asset Management LLC lifted its holdings in Stamps.com by 76.8% in the second quarter. O Shaughnessy Asset Management LLC now owns 336 shares of the software maker’s stock valued at $67,000 after acquiring an additional 146 shares during the last quarter. Duality Advisers LP acquired a new position in Stamps.com in the second quarter valued at approximately $200,000. Finally, Bessemer Group Inc. acquired a new position in Stamps.com in the second quarter valued at approximately $27,000. Institutional investors and hedge funds own 83.93% of the company’s stock.
A number of research analysts recently commented on the company. Craig Hallum cut Stamps.com from a “buy” rating to a “hold” rating and decreased their price objective for the company from $340.00 to $330.00 in a report on Monday, July 12th. Zacks Investment Research cut Stamps.com from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 17th. Northland Securities cut Stamps.com from an “outperform” rating to a “market perform” rating and upped their price target for the stock from $245.00 to $330.00 in a research note on Monday, July 12th. Finally, Maxim Group cut Stamps.com from a “buy” rating to a “hold” rating in a research note on Monday, July 12th.
Stamps.com (NASDAQ:STMP) last posted its quarterly earnings data on Thursday, August 5th. The software maker reported $1.49 earnings per share for the quarter, missing analysts’ consensus estimates of $1.55 by ($0.06). Stamps.com had a return on equity of 21.00% and a net margin of 15.25%. The company had revenue of $191.07 million for the quarter, compared to analysts’ expectations of $197.78 million. On average, equities research analysts expect that Stamps.com Inc. will post 6.07 EPS for the current year.
In related news, CTO Jonathan Bourgoine sold 24,508 shares of the stock in a transaction on Friday, July 9th. The stock was sold at an average price of $322.70, for a total value of $7,908,731.60. Following the transaction, the chief technology officer now owns 14,508 shares of the company’s stock, valued at $4,681,731.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Kenneth Thomas Mcbride sold 92,544 shares of the stock in a transaction on Friday, July 9th. The shares were sold at an average price of $323.61, for a total value of $29,948,163.84. The disclosure for this sale can be found here. Insiders have sold 169,497 shares of company stock worth $53,987,212 in the last ninety days. Corporate insiders own 6.53% of the company’s stock.
Stamps.com Company Profile
Stamps.com, Inc engages in the provision of Internet-based mailing and shipping solutions. It operates through the following segments: Stamps.com and MetaPack. The Stamps.com segment offers postage online and shipping software solutions offered to consumers, small businesses, e-commerce shippers, enterprise mailers, and high volume shippers.
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