1,031 Shares in Stamps.com Inc. (STMP) Purchased by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. purchased a new stake in Stamps.com Inc. (NASDAQ:STMP) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,031 shares of the software maker’s stock, valued at approximately $209,000.

Several other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of Stamps.com by 4.7% in the second quarter. Vanguard Group Inc. now owns 1,446,477 shares of the software maker’s stock valued at $224,023,000 after purchasing an additional 64,398 shares in the last quarter. Fred Alger Management Inc. lifted its holdings in Stamps.com by 7.1% in the second quarter. Fred Alger Management Inc. now owns 414,728 shares of the software maker’s stock valued at $64,231,000 after acquiring an additional 27,541 shares during the last quarter. State Street Corp lifted its holdings in Stamps.com by 4.4% in the second quarter. State Street Corp now owns 402,084 shares of the software maker’s stock valued at $62,274,000 after acquiring an additional 16,994 shares during the last quarter. Calixto Global Investors LP lifted its holdings in Stamps.com by 111.5% in the second quarter. Calixto Global Investors LP now owns 379,168 shares of the software maker’s stock valued at $58,724,000 after acquiring an additional 199,869 shares during the last quarter. Finally, Light Street Capital Management LLC lifted its holdings in Stamps.com by 55.3% in the second quarter. Light Street Capital Management LLC now owns 365,000 shares of the software maker’s stock valued at $56,529,000 after acquiring an additional 130,000 shares during the last quarter. Institutional investors and hedge funds own 98.85% of the company’s stock.

Stamps.com Inc. (NASDAQ STMP) opened at $171.25 on Monday. Stamps.com Inc. has a twelve month low of $100.55 and a twelve month high of $233.13. The company has a market capitalization of $2,990.00, a P/E ratio of 21.57, a P/E/G ratio of 1.55 and a beta of -0.06. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.80 and a quick ratio of 2.80.

Stamps.com declared that its board has approved a share repurchase program on Thursday, November 2nd that permits the company to buyback $90.00 million in outstanding shares. This buyback authorization permits the software maker to purchase shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s leadership believes its shares are undervalued.

In other Stamps.com news, CMO Sebastian Buerba sold 3,448 shares of the company’s stock in a transaction on Wednesday, October 25th. The stock was sold at an average price of $230.05, for a total transaction of $793,212.40. Following the transaction, the chief marketing officer now directly owns 16,871 shares in the company, valued at $3,881,173.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider John Roland Clem sold 10,000 shares of the company’s stock in a transaction on Friday, September 22nd. The stock was sold at an average price of $210.19, for a total value of $2,101,900.00. Following the transaction, the insider now owns 6,410 shares in the company, valued at $1,347,317.90. The disclosure for this sale can be found here. Insiders sold 381,326 shares of company stock worth $76,438,849 over the last quarter. 11.46% of the stock is currently owned by insiders.

A number of research analysts recently commented on STMP shares. Zacks Investment Research upgraded Stamps.com from a “hold” rating to a “strong-buy” rating and set a $222.00 price objective on the stock in a report on Tuesday, August 29th. ValuEngine cut Stamps.com from a “buy” rating to a “hold” rating in a report on Monday, November 20th. Roth Capital upped their price objective on Stamps.com from $203.00 to $245.00 and gave the company a “buy” rating in a report on Monday, October 30th. B. Riley reiterated a “buy” rating and issued a $250.00 price objective on shares of Stamps.com in a report on Friday, December 1st. Finally, Northland Securities reiterated a “buy” rating and issued a $250.00 price objective on shares of Stamps.com in a report on Thursday, October 12th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $217.71.

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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.

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

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