Mason Street Advisors LLC Invests $380,000 in Shutterfly, Inc. (SFLY)
Mason Street Advisors LLC bought a new stake in shares of Shutterfly, Inc. (NASDAQ:SFLY) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor bought 7,869 shares of the technology company’s stock, valued at approximately $380,000.
A number of other institutional investors have also recently bought and sold shares of the stock. Russell Investments Group Ltd. bought a new position in shares of Shutterfly during the fourth quarter worth about $9,857,000. State Street Corp increased its position in shares of Shutterfly by 0.3% in the fourth quarter. State Street Corp now owns 752,502 shares of the technology company’s stock worth $37,755,000 after buying an additional 2,280 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Shutterfly by 1.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,207,921 shares of the technology company’s stock worth $60,613,000 after buying an additional 17,627 shares during the period. Martingale Asset Management L P increased its position in shares of Shutterfly by 1.3% in the fourth quarter. Martingale Asset Management L P now owns 76,212 shares of the technology company’s stock worth $3,825,000 after buying an additional 966 shares during the period. Finally, Federated Investors Inc. PA increased its position in shares of Shutterfly by 1.8% in the fourth quarter. Federated Investors Inc. PA now owns 64,553 shares of the technology company’s stock worth $3,239,000 after buying an additional 1,135 shares during the period. Hedge funds and other institutional investors own 98.67% of the company’s stock.
Shutterfly, Inc. (NASDAQ SFLY) opened at 48.71 on Tuesday. The stock has a 50 day moving average price of $50.41 and a 200 day moving average price of $49.29. The stock has a market capitalization of $1.64 billion, a PE ratio of 139.57 and a beta of 0.90. Shutterfly, Inc. has a 12 month low of $41.91 and a 12 month high of $54.60.
Shutterfly (NASDAQ:SFLY) last posted its earnings results on Tuesday, April 25th. The technology company reported ($0.84) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($1.03) by $0.19. The company had revenue of $191.97 million during the quarter, compared to analyst estimates of $187.34 million. Shutterfly had a return on equity of 3.29% and a net margin of 1.06%. The company’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.85) EPS. On average, equities research analysts forecast that Shutterfly, Inc. will post $0.59 earnings per share for the current fiscal year.
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SFLY has been the subject of several recent analyst reports. TheStreet cut Shutterfly from a “b” rating to a “c” rating in a research note on Monday, March 6th. Cantor Fitzgerald reissued an “overweight” rating and issued a $50.00 price objective on shares of Shutterfly in a research note on Monday, March 13th. BidaskClub cut Shutterfly from a “hold” rating to a “sell” rating in a research note on Saturday, June 10th. Aegis reissued a “buy” rating and issued a $57.00 price objective on shares of Shutterfly in a research note on Wednesday, April 26th. Finally, Royal Bank Of Canada raised their price objective on Shutterfly from $54.00 to $59.00 and gave the company an “outperform” rating in a research note on Wednesday, April 26th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $53.50.
In other news, Director Ann Mather sold 1,662 shares of the company’s stock in a transaction that occurred on Monday, May 22nd. The stock was sold at an average price of $49.86, for a total transaction of $82,867.32. Following the sale, the director now owns 6,799 shares in the company, valued at approximately $338,998.14. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Christopher North sold 27,606 shares of the company’s stock in a transaction that occurred on Friday, June 2nd. The stock was sold at an average price of $49.66, for a total value of $1,370,913.96. Following the sale, the chief executive officer now owns 40,000 shares in the company, valued at approximately $1,986,400. The disclosure for this sale can be found here. Insiders sold a total of 54,935 shares of company stock valued at $2,700,506 over the last quarter. 5.70% of the stock is owned by insiders.
Shutterfly Company Profile
Shutterfly, Inc is an online manufacturer and retailer of personalized products and services. The Company focuses on helping consumers manage their memories through the medium of photography. The Company’s segments are Consumer and Shutterfly Business Solutions (SBS). The Consumer segment offers photo-based products, such as photo books, stationery and greeting cards, other photo-based merchandise, photo prints and statement gifts.
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