Shutterfly, Inc. (SFLY) Position Boosted by State Street Corp
State Street Corp boosted its holdings in Shutterfly, Inc. (NASDAQ:SFLY) by 4.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 979,974 shares of the technology company’s stock after buying an additional 37,889 shares during the quarter. State Street Corp owned approximately 2.94% of Shutterfly worth $46,554,000 at the end of the most recent quarter.
A number of other large investors have also bought and sold shares of SFLY. Vanguard Group Inc. increased its holdings in Shutterfly by 16.2% in the first quarter. Vanguard Group Inc. now owns 2,838,819 shares of the technology company’s stock valued at $137,087,000 after buying an additional 396,567 shares during the last quarter. SQN Investors LP purchased a new position in Shutterfly in the second quarter valued at $16,275,000. Renaissance Technologies LLC purchased a new position in Shutterfly in the second quarter valued at $15,594,000. Old Mutual Global Investors UK Ltd. increased its holdings in Shutterfly by 181.5% in the second quarter. Old Mutual Global Investors UK Ltd. now owns 432,933 shares of the technology company’s stock valued at $20,564,000 after buying an additional 279,115 shares during the last quarter. Finally, Rice Hall James & Associates LLC boosted its stake in Shutterfly by 25.8% in the second quarter. Rice Hall James & Associates LLC now owns 469,086 shares of the technology company’s stock valued at $22,282,000 after acquiring an additional 96,231 shares in the last quarter.
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Several equities analysts have issued reports on the stock. Zacks Investment Research upgraded shares of Shutterfly from a “hold” rating to a “strong-buy” rating and set a $57.00 price objective for the company in a research note on Friday, July 28th. Aegis restated a “buy” rating and issued a $56.00 price objective on shares of Shutterfly in a research note on Tuesday, October 24th. ValuEngine upgraded shares of Shutterfly from a “sell” rating to a “hold” rating in a research note on Friday, September 22nd. Goldman Sachs Group, Inc. (The) restated a “neutral” rating and issued a $47.00 price objective on shares of Shutterfly in a research note on Wednesday, October 11th. Finally, BidaskClub downgraded shares of Shutterfly from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 5th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $53.50.
Shares of Shutterfly, Inc. (NASDAQ:SFLY) opened at $41.03 on Friday. Shutterfly, Inc. has a 12 month low of $40.47 and a 12 month high of $53.99. The firm has a market cap of $1,347.14, a PE ratio of 66.18 and a beta of 0.85.
Shutterfly (NASDAQ:SFLY) last announced its earnings results on Tuesday, October 24th. The technology company reported ($0.78) earnings per share for the quarter, topping the consensus estimate of ($0.79) by $0.01. Shutterfly had a net margin of 0.81% and a return on equity of 4.66%. The business had revenue of $195.44 million during the quarter, compared to the consensus estimate of $191.65 million. During the same quarter in the prior year, the firm earned ($0.86) earnings per share. The business’s quarterly revenue was up 4.3% compared to the same quarter last year. research analysts expect that Shutterfly, Inc. will post 0.45 earnings per share for the current fiscal year.
In related news, VP Jason Sebring sold 644 shares of the stock in a transaction dated Monday, September 18th. The shares were sold at an average price of $48.30, for a total transaction of $31,105.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Lisa Blackwood-Kapral sold 1,250 shares of the stock in a transaction dated Thursday, August 17th. The stock was sold at an average price of $46.56, for a total transaction of $58,200.00. Following the transaction, the insider now directly owns 1,250 shares of the company’s stock, valued at $58,200. The disclosure for this sale can be found here. Insiders have sold 46,894 shares of company stock valued at $2,048,959 in the last quarter. Insiders own 5.70% of the company’s stock.
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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