Teachers Retirement System of The State of Kentucky Has $852,000 Holdings in Stamps.com Inc. (STMP)

Teachers Retirement System of The State of Kentucky continued to hold its stake in shares of Stamps.com Inc. (NASDAQ:STMP) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,500 shares of the software maker’s stock at the close of the second quarter. Teachers Retirement System of The State of Kentucky’s holdings in Stamps.com were worth $852,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in STMP. Riverhead Capital Management LLC grew its holdings in Stamps.com by 66.5% during the second quarter. Riverhead Capital Management LLC now owns 666 shares of the software maker’s stock valued at $103,000 after purchasing an additional 266 shares during the period. Victory Capital Management Inc. bought a new position in Stamps.com during the first quarter valued at $104,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Stamps.com by 11.6% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 883 shares of the software maker’s stock valued at $137,000 after purchasing an additional 92 shares during the period. Ameritas Investment Partners Inc. bought a new position in Stamps.com during the first quarter valued at $165,000. Finally, SG Americas Securities LLC grew its holdings in Stamps.com by 14.4% during the first quarter. SG Americas Securities LLC now owns 1,406 shares of the software maker’s stock valued at $166,000 after purchasing an additional 177 shares during the period.

TRADEMARK VIOLATION WARNING: This story was first posted by Stock Observer and is the sole property of of Stock Observer. If you are reading this story on another site, it was stolen and reposted in violation of United States and international trademark & copyright law. The original version of this story can be viewed at https://www.thestockobserver.com/2017/10/13/teachers-retirement-system-of-the-state-of-kentucky-has-852000-holdings-in-stamps-com-inc-stmp.html.

In other news, insider Seth Weisberg sold 25,000 shares of the business’s stock in a transaction on Thursday, August 3rd. The shares were sold at an average price of $197.45, for a total transaction of $4,936,250.00. Following the completion of the sale, the insider now owns 32,572 shares of the company’s stock, valued at approximately $6,431,341.40. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider John Roland Clem sold 800 shares of the business’s stock in a transaction on Wednesday, October 4th. The shares were sold at an average price of $220.00, for a total transaction of $176,000.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 452,763 shares of company stock valued at $89,468,644. Insiders own 11.46% of the company’s stock.

Stamps.com (NASDAQ:STMP) last issued its quarterly earnings data on Wednesday, August 2nd. The software maker reported $1.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.33 by $0.36. Stamps.com had a net margin of 26.66% and a return on equity of 34.46%. The firm had revenue of $116.14 million during the quarter, compared to the consensus estimate of $99.29 million. During the same quarter in the previous year, the firm posted $1.94 EPS. The company’s revenue for the quarter was up 38.2% compared to the same quarter last year.

A number of research firms have recently commented on STMP. B. Riley reaffirmed a “buy” rating and issued a $250.00 price target on shares of Stamps.com in a report on Tuesday, August 8th. Northland Securities reaffirmed a “buy” rating and issued a $250.00 price target on shares of Stamps.com in a report on Thursday. Craig Hallum set a $230.00 price target on Stamps.com and gave the stock a “buy” rating in a report on Friday, August 25th. ValuEngine raised Stamps.com from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Finally, Sidoti reaffirmed a “buy” rating and issued a $182.00 price target on shares of Stamps.com in a report on Thursday, July 6th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $211.71.

About Stamps.com

Stamps.com Inc is a provider of Internet-based mailing and shipping solutions in the United States. The Company offers mailing and shipping products and services to its customers under the Stamps.com, Endicia, ShipStation, ShipWorks and ShippingEasy brands. It operates through the Internet Mailing and Shipping Services segment.

Want to see what other hedge funds are holding STMP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Stamps.com Inc. (NASDAQ:STMP).

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

Receive News & Ratings for Stamps.com Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stamps.com Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply