Stamps.com Inc. (NASDAQ:STMP) Shares Sold by Public Employees Retirement System of Ohio

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Public Employees Retirement System of Ohio cut its stake in Stamps.com Inc. (NASDAQ:STMP) by 13.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 34,631 shares of the software maker’s stock after selling 5,364 shares during the period. Public Employees Retirement System of Ohio owned 0.20% of Stamps.com worth $1,568,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Meridian Wealth Management LLC acquired a new stake in Stamps.com in the first quarter worth $127,000. Advisor Group Inc. increased its holdings in shares of Stamps.com by 405.7% during the second quarter. Advisor Group Inc. now owns 1,674 shares of the software maker’s stock valued at $76,000 after purchasing an additional 1,343 shares during the period. Riverhead Capital Management LLC increased its holdings in shares of Stamps.com by 37.0% during the second 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 increased its holdings in shares of Stamps.com by 55.1% during the second 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. Finally, First Quadrant L P CA increased its holdings in shares of Stamps.com by 3,036.2% during the second quarter. First Quadrant L P CA now owns 2,164 shares of the software maker’s stock valued at $98,000 after purchasing an additional 2,095 shares during the period. 99.70% of the stock is currently owned by hedge funds and other institutional investors.

Shares of STMP stock traded down $1.31 during trading on Thursday, reaching $72.53. The company had a trading volume of 6,980 shares, compared to its average volume of 426,558. The firm’s 50 day simple moving average is $62.06 and its two-hundred day simple moving average is $61.15. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.64 and a quick ratio of 1.64. Stamps.com Inc. has a one year low of $32.54 and a one year high of $234.00. The company has a market capitalization of $1.26 billion, a PE ratio of 7.35, a PEG ratio of 1.91 and a beta of 1.14.

Stamps.com (NASDAQ:STMP) last issued its quarterly earnings results on Wednesday, August 7th. The software maker reported $1.25 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.57 by $0.68. The company had revenue of $138.77 million for the quarter, compared to the consensus estimate of $128.35 million. Stamps.com had a return on equity of 21.69% and a net margin of 17.98%. The company’s revenue for the quarter was down .6% on a year-over-year basis. During the same period in the previous year, the business posted $2.75 EPS. Analysts forecast that Stamps.com Inc. will post 2.65 earnings per share for the current year.

STMP has been the topic of a number of research analyst reports. Zacks Investment Research raised Stamps.com from a “sell” rating to a “hold” rating and set a $64.00 target price on the stock in a report on Friday, August 9th. BidaskClub raised Stamps.com from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 21st. Craig Hallum raised Stamps.com from a “hold” rating to a “buy” rating in a report on Thursday, August 8th. Maxim Group reaffirmed a “hold” rating on shares of Stamps.com in a report on Friday, August 9th. Finally, Roth Capital raised Stamps.com from a “sell” rating to a “neutral” rating and lifted their target price for the stock from $32.00 to $52.00 in a report on Wednesday, September 4th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, one has given a buy rating and one has given a strong buy rating to the company. Stamps.com presently has an average rating of “Hold” and an average target price of $58.00.

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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