Rice Hall James & Associates LLC raised its position in Shutterstock, Inc. (NYSE:SSTK) by 36.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 412,258 shares of the business services provider’s stock after buying an additional 110,040 shares during the period. Rice Hall James & Associates LLC’s holdings in Shutterstock were worth $18,172,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Sei Investments Co. raised its position in Shutterstock by 67.0% in the first quarter. Sei Investments Co. now owns 324,772 shares of the business services provider’s stock valued at $13,429,000 after buying an additional 130,299 shares in the last quarter. Van Berkom & Associates Inc. raised its position in Shutterstock by 20.8% in the first quarter. Van Berkom & Associates Inc. now owns 1,297,836 shares of the business services provider’s stock valued at $53,666,000 after buying an additional 223,490 shares in the last quarter. LS Investment Advisors LLC raised its position in Shutterstock by 250.0% in the first quarter. LS Investment Advisors LLC now owns 2,583 shares of the business services provider’s stock valued at $107,000 after buying an additional 1,845 shares in the last quarter. Bank of New York Mellon Corp raised its position in Shutterstock by 10.0% in the first quarter. Bank of New York Mellon Corp now owns 307,829 shares of the business services provider’s stock valued at $12,728,000 after buying an additional 28,013 shares in the last quarter. Finally, Great West Life Assurance Co. Can raised its position in Shutterstock by 4.8% in the first quarter. Great West Life Assurance Co. Can now owns 26,434 shares of the business services provider’s stock valued at $1,093,000 after buying an additional 1,218 shares in the last quarter. 60.56% of the stock is currently owned by institutional investors and hedge funds.

Shares of Shutterstock, Inc. (SSTK) opened at 32.92 on Friday. Shutterstock, Inc. has a 1-year low of $32.50 and a 1-year high of $65.16. The firm has a market capitalization of $1.14 billion, a P/E ratio of 40.54 and a beta of 1.40. The stock has a 50 day moving average of $41.61 and a 200-day moving average of $44.58.

Shutterstock (NYSE:SSTK) last posted its quarterly earnings data on Wednesday, August 2nd. The business services provider reported $0.24 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by $0.12. The company had revenue of $134 million during the quarter, compared to the consensus estimate of $137.83 million. Shutterstock had a return on equity of 11.08% and a net margin of 5.59%. The firm’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same quarter last year, the company posted $0.36 earnings per share. On average, equities analysts expect that Shutterstock, Inc. will post $1.16 earnings per share for the current year.

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Several equities analysts have commented on SSTK shares. BidaskClub lowered shares of Shutterstock from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Royal Bank Of Canada reissued a “hold” rating and issued a $50.00 target price on shares of Shutterstock in a report on Friday, April 21st. Deutsche Bank AG decreased their target price on shares of Shutterstock from $41.00 to $33.00 and set a “hold” rating on the stock in a report on Thursday, August 3rd. Jefferies Group LLC reissued a “hold” rating and issued a $50.00 target price on shares of Shutterstock in a report on Friday, June 23rd. Finally, Zacks Investment Research raised shares of Shutterstock from a “sell” rating to a “hold” rating in a report on Tuesday, May 2nd. Two investment analysts have rated the stock with a sell rating and seven have given a hold rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $44.00.

Shutterstock Company Profile

Shutterstock, Inc (Shutterstock) is a global technology company that operates a two-sided marketplace for professionals to license content. The Company’s library of content includes digital imagery, which consists of licensed photographs, vectors, illustrations and video clips that customers use in their visual communications, such as Websites, digital and print marketing materials, corporate communications, books, publications and video content, and commercial music, which consists of music tracks and sound effects and which is often used to complement digital imagery.

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Institutional Ownership by Quarter for Shutterstock (NYSE:SSTK)

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