Atria Investments LLC Makes New Investment in Stamps.com Inc. (NASDAQ:STMP)

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Atria Investments LLC acquired a new position in Stamps.com Inc. (NASDAQ:STMP) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 3,576 shares of the software maker’s stock, valued at approximately $412,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in STMP. Meridian Wealth Management LLC lifted its stake in shares of Stamps.com by 32.1% in the 2nd quarter. Meridian Wealth Management LLC now owns 2,058 shares of the software maker’s stock valued at $93,000 after purchasing an additional 500 shares during the period. Riverhead Capital Management LLC lifted its stake in shares of Stamps.com by 37.0% in the 2nd quarter. Riverhead Capital Management LLC now owns 1,851 shares of the software maker’s stock valued at $84,000 after purchasing an additional 500 shares during the period. Advisory Services Network LLC lifted its stake in shares of Stamps.com by 55.1% in the 2nd quarter. Advisory Services Network LLC now owns 1,970 shares of the software maker’s stock valued at $89,000 after purchasing an additional 700 shares during the period. Swiss National Bank lifted its stake in shares of Stamps.com by 2.2% in the 2nd quarter. Swiss National Bank now owns 31,966 shares of the software maker’s stock valued at $1,447,000 after purchasing an additional 700 shares during the period. Finally, Tyers Asset Management LLC lifted its stake in shares of Stamps.com by 43.1% in the 2nd quarter. Tyers Asset Management LLC now owns 2,656 shares of the software maker’s stock valued at $120,000 after purchasing an additional 800 shares during the period. Institutional investors and hedge funds own 99.70% of the company’s stock.

STMP stock opened at $75.23 on Friday. Stamps.com Inc. has a twelve month low of $32.54 and a twelve month high of $226.75. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 0.10. The firm has a market cap of $1.27 billion, a PE ratio of 7.65, a price-to-earnings-growth ratio of 1.83 and a beta of 1.13. The business has a 50 day moving average of $70.89 and a 200 day moving average of $59.45.

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 Zacks’ 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 analyst estimates of $128.35 million. During the same quarter last year, the company earned $2.75 EPS. The firm’s revenue for the quarter was down .6% on a year-over-year basis. On average, research analysts expect that Stamps.com Inc. will post 2.7 earnings per share for the current fiscal year.

A number of research analysts have recently commented on STMP shares. Maxim Group restated a “hold” rating on shares of Stamps.com in a research note on Friday, August 9th. B. Riley raised their target price on Stamps.com from $50.00 to $62.50 and gave the company a “neutral” rating in a research note on Friday, October 4th. Roth Capital upgraded Stamps.com from a “sell” rating to a “neutral” rating and raised their target price for the company from $32.00 to $52.00 in a research note on Wednesday, September 4th. Zacks Investment Research upgraded Stamps.com from a “sell” rating to a “hold” rating and set a $64.00 target price for the company in a research note on Friday, August 9th. Finally, ValuEngine raised Stamps.com from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Six analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $60.92.

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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