Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Stamps.com Inc. (NASDAQ:STMP) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 32,551 shares of the software maker’s stock, valued at approximately $2,650,000.
Other institutional investors have also added to or reduced their stakes in the company. US Bancorp DE increased its holdings in Stamps.com by 83.2% during the first quarter. US Bancorp DE now owns 3,787 shares of the software maker’s stock worth $308,000 after buying an additional 1,720 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in Stamps.com by 229.3% during the first quarter. JPMorgan Chase & Co. now owns 43,541 shares of the software maker’s stock worth $3,545,000 after buying an additional 30,318 shares during the last quarter. Spark Investment Management LLC purchased a new stake in Stamps.com during the first quarter worth about $2,605,000. Quinn Opportunity Partners LLC purchased a new stake in Stamps.com during the first quarter worth about $1,218,000. Finally, Raymond James & Associates increased its holdings in Stamps.com by 73.6% during the first quarter. Raymond James & Associates now owns 21,075 shares of the software maker’s stock worth $1,716,000 after buying an additional 8,932 shares during the last quarter. 97.33% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NASDAQ:STMP opened at $34.61 on Monday. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.54 and a quick ratio of 1.54. The stock has a market cap of $599.34 million, a price-to-earnings ratio of 3.52, a price-to-earnings-growth ratio of 1.11 and a beta of 0.38. Stamps.com Inc. has a twelve month low of $33.65 and a twelve month high of $285.74.
Stamps.com (NASDAQ:STMP) last issued its earnings results on Wednesday, May 8th. The software maker reported $0.84 earnings per share for the quarter, topping analysts’ consensus estimates of $0.70 by $0.14. The firm had revenue of $136.00 million during the quarter, compared to analyst estimates of $126.06 million. Stamps.com had a net margin of 23.31% and a return on equity of 26.02%. The company’s quarterly revenue was up 1.8% on a year-over-year basis. During the same quarter last year, the business earned $2.54 earnings per share. Analysts predict that Stamps.com Inc. will post 2.34 EPS for the current fiscal year.
In other news, Director Mohan P. Ananda sold 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $93.32, for a total value of $93,320.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 6.17% of the stock is owned by company insiders.
A number of analysts recently issued reports on STMP shares. B. Riley decreased their price objective on shares of Stamps.com from $300.00 to $130.00 and set a “buy” rating for the company in a report on Friday, February 22nd. BidaskClub upgraded shares of Stamps.com from a “strong sell” rating to a “sell” rating in a research report on Thursday, April 25th. Zacks Investment Research upgraded shares of Stamps.com from a “strong sell” rating to a “hold” rating in a research report on Thursday, April 25th. Maxim Group lowered shares of Stamps.com from a “buy” rating to a “hold” rating in a research report on Friday, February 22nd. Finally, TheStreet lowered shares of Stamps.com from a “b-” rating to a “c+” rating in a research report on Monday, March 11th. Four analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $81.86.
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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