Holocene Advisors LP Grows Stock Holdings in Stamps.com Inc. (NASDAQ:STMP)

Holocene Advisors LP raised its position in shares of Stamps.com Inc. (NASDAQ:STMP) by 1,438.0% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 18,687 shares of the software maker’s stock after purchasing an additional 17,472 shares during the period. Holocene Advisors LP owned approximately 0.10% of Stamps.com worth $3,728,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Newtyn Management LLC purchased a new stake in Stamps.com during the first quarter valued at about $2,953,000. Vista Equity Partners Management LLC purchased a new stake in Stamps.com during the first quarter valued at about $81,196,000. Ameritas Investment Company LLC purchased a new stake in Stamps.com during the first quarter valued at about $29,000. Caption Management LLC purchased a new stake in Stamps.com during the first quarter valued at about $638,000. Finally, Captrust Financial Advisors raised its position in Stamps.com by 1,395.0% during the first quarter. Captrust Financial Advisors now owns 598 shares of the software maker’s stock valued at $119,000 after purchasing an additional 558 shares in the last quarter. Institutional investors and hedge funds own 85.55% of the company’s stock.

STMP opened at $325.89 on Thursday. The stock has a market capitalization of $5.97 billion, a P/E ratio of 32.17 and a beta of 0.34. Stamps.com Inc. has a 12 month low of $159.22 and a 12 month high of $326.47. The business has a 50-day moving average of $216.92.

Stamps.com (NASDAQ:STMP) last posted its earnings results on Thursday, May 6th. The software maker reported $2.08 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.69 by $0.39. The company had revenue of $189.10 million for the quarter, compared to analysts’ expectations of $190.07 million. Stamps.com had a return on equity of 25.32% and a net margin of 24.68%. Stamps.com’s quarterly revenue was up 24.9% on a year-over-year basis. During the same period last year, the firm earned $1.32 earnings per share. As a group, research analysts predict that Stamps.com Inc. will post 6.48 earnings per share for the current year.

STMP has been the topic of a number of research reports. Zacks Investment Research upgraded Stamps.com from a “strong sell” rating to a “hold” rating in a research report on Thursday, July 8th. Northland Securities downgraded Stamps.com from an “outperform” rating to a “market perform” rating and lifted their price objective for the stock from $245.00 to $330.00 in a report on Monday, July 12th. Maxim Group downgraded Stamps.com from a “buy” rating to a “hold” rating in a report on Monday, July 12th. Finally, Craig Hallum downgraded Stamps.com from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $340.00 to $330.00 in a report on Monday, July 12th.

In related news, Director G Bradford Jones sold 20,000 shares of the firm’s stock in a transaction dated Friday, July 9th. The stock was sold at an average price of $322.70, for a total value of $6,454,000.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Amine Khechfe sold 94 shares of Stamps.com stock in a transaction that occurred on Friday, July 9th. The shares were sold at an average price of $322.70, for a total value of $30,333.80. The disclosure for this sale can be found here. Insiders sold 154,418 shares of company stock worth $47,771,190 over the last three months. 6.53% of the stock is owned by insiders.

Stamps.com Profile

Stamps.com Inc provides Internet-based mailing and shipping solutions in the United States and Europe. It operates in two segments, Stamps.com and Metapack. 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, Endicia, Metapack, ShippingEasy, ShipEngine, ShipStation, and ShipWorks brands.

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