Huntington National Bank purchased a new position in Stamps.com Inc. (NASDAQ:STMP) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 1,240 shares of the software maker’s stock, valued at approximately $101,000.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in STMP. SQN Investors LP lifted its stake in Stamps.com by 91.9% in the fourth quarter. SQN Investors LP now owns 599,282 shares of the software maker’s stock worth $93,272,000 after purchasing an additional 287,070 shares during the last quarter. Morgan Stanley lifted its stake in Stamps.com by 49.5% in the third quarter. Morgan Stanley now owns 740,945 shares of the software maker’s stock worth $167,602,000 after purchasing an additional 245,300 shares during the last quarter. Norges Bank bought a new stake in Stamps.com in the fourth quarter worth about $27,716,000. Epoch Investment Partners Inc. lifted its stake in Stamps.com by 70.5% in the fourth quarter. Epoch Investment Partners Inc. now owns 280,643 shares of the software maker’s stock worth $43,679,000 after purchasing an additional 115,999 shares during the last quarter. Finally, Conestoga Capital Advisors LLC lifted its stake in Stamps.com by 16.9% in the fourth quarter. Conestoga Capital Advisors LLC now owns 447,674 shares of the software maker’s stock worth $69,676,000 after purchasing an additional 64,596 shares during the last quarter. Institutional investors own 97.48% of the company’s stock.
STMP has been the subject of several analyst reports. 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 research note on Friday, February 22nd. Maxim Group reissued a “buy” rating and issued a $320.00 price objective on shares of Stamps.com in a research note on Thursday, January 24th. TheStreet downgraded shares of Stamps.com from a “b-” rating to a “c+” rating in a research note on Monday, March 11th. Zacks Investment Research downgraded shares of Stamps.com from a “buy” rating to a “hold” rating in a research note on Wednesday, January 30th. Finally, BidaskClub downgraded shares of Stamps.com from a “sell” rating to a “strong sell” rating in a research note on Tuesday. Three research analysts have rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the stock. Stamps.com has an average rating of “Hold” and an average target price of $122.83.
In other news, Director Mohan P. Ananda sold 1,000 shares of Stamps.com 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Amine Khechfe sold 1,200 shares of Stamps.com stock in a transaction that occurred on Friday, February 1st. The shares were sold at an average price of $185.15, for a total transaction of $222,180.00. The disclosure for this sale can be found here. Insiders have sold 13,400 shares of company stock valued at $2,555,500 in the last ninety days. Insiders own 6.17% of the company’s stock.
Stamps.com stock opened at $78.41 on Wednesday. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 0.08. Stamps.com Inc. has a fifty-two week low of $75.61 and a fifty-two week high of $285.74. The company has a market cap of $1.39 billion, a PE ratio of 7.97, a P/E/G ratio of 1.32 and a beta of 0.38.
Stamps.com (NASDAQ:STMP) last posted its quarterly earnings results on Thursday, February 21st. The software maker reported $3.73 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.90 by $0.83. Stamps.com had a net margin of 28.73% and a return on equity of 30.75%. The firm had revenue of $170.23 million during the quarter, compared to the consensus estimate of $159.99 million. During the same quarter in the previous year, the firm posted $4.68 earnings per share. The company’s revenue was up 28.5% on a year-over-year basis. On average, sell-side analysts predict that Stamps.com Inc. will post 3.95 EPS for the current year.
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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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