Stamps.com Inc. (STMP) Position Lifted by Bank of America Corp DE

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Bank of America Corp DE lifted its position in shares of Stamps.com Inc. (NASDAQ:STMP) by 66.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 36,516 shares of the software maker’s stock after purchasing an additional 14,643 shares during the period. Bank of America Corp DE owned 0.20% of Stamps.com worth $5,684,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Pearl River Capital LLC bought a new position in shares of Stamps.com during the fourth quarter valued at about $27,000. Stephens Inc. AR lifted its position in shares of Stamps.com by 155.8% during the fourth quarter. Stephens Inc. AR now owns 220 shares of the software maker’s stock valued at $34,000 after purchasing an additional 134 shares in the last quarter. Tower Research Capital LLC TRC lifted its position in shares of Stamps.com by 6,925.0% during the third quarter. Tower Research Capital LLC TRC now owns 562 shares of the software maker’s stock valued at $127,000 after purchasing an additional 554 shares in the last quarter. Bank of Montreal Can lifted its position in shares of Stamps.com by 10.9% during the fourth quarter. Bank of Montreal Can now owns 1,388 shares of the software maker’s stock valued at $217,000 after purchasing an additional 136 shares in the last quarter. Finally, NJ State Employees Deferred Compensation Plan lifted its position in shares of Stamps.com by 50.0% during the fourth quarter. NJ State Employees Deferred Compensation Plan now owns 1,500 shares of the software maker’s stock valued at $233,000 after purchasing an additional 500 shares in the last quarter. 97.48% of the stock is currently owned by institutional investors.

In other news, insider Amine Khechfe sold 1,200 shares of the business’s stock in a transaction that occurred on Friday, February 1st. The shares were sold at an average price of $185.15, for a total value of $222,180.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Mohan P. Ananda sold 1,000 shares of the business’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 transaction of $93,320.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 13,400 shares of company stock worth $2,555,500. Insiders own 6.17% of the company’s stock.

Shares of STMP stock opened at $79.40 on Monday. The stock has a market capitalization of $1.44 billion, a price-to-earnings ratio of 8.07, a P/E/G ratio of 1.34 and a beta of 0.37. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.52 and a current ratio of 1.52. Stamps.com Inc. has a 52 week low of $75.61 and a 52 week high of $285.74.

Stamps.com (NASDAQ:STMP) last announced its quarterly earnings data on Thursday, February 21st. The software maker reported $3.73 EPS for the quarter, topping the consensus estimate of $2.90 by $0.83. The business had revenue of $170.23 million for the quarter, compared to analyst estimates of $159.99 million. Stamps.com had a net margin of 28.73% and a return on equity of 30.75%. The company’s revenue for the quarter was up 28.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.68 earnings per share. Research analysts predict that Stamps.com Inc. will post 3.95 earnings per share for the current year.

Several analysts have commented on STMP shares. BidaskClub lowered shares of Stamps.com from a “sell” rating to a “strong sell” rating in a research report on Tuesday, April 16th. Maxim Group raised shares of Stamps.com from a “hold” rating to a “buy” rating and set a $98.00 price objective on the stock in a research report on Wednesday, April 10th. TheStreet lowered shares of Stamps.com from a “b-” rating to a “c+” rating in a research report on Monday, March 11th. ValuEngine lowered shares of Stamps.com from a “sell” rating to a “strong sell” rating in a research report on Saturday, February 23rd. Finally, B. Riley lowered their price objective on shares of Stamps.com from $300.00 to $130.00 and set a “buy” rating on the stock in a research report on Friday, February 22nd. Three investment analysts have rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company’s stock. Stamps.com has a consensus rating of “Hold” and an average target price of $122.83.

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Stamps.com Company 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.

Further Reading: Why Dividend Stocks May Be Right for You

Institutional Ownership by Quarter for Stamps.com (NASDAQ:STMP)

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