Public Employees Retirement System of Ohio cut its stake in Shutterfly, Inc. (NASDAQ:SFLY) by 25.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,902 shares of the technology company’s stock after selling 3,310 shares during the period. Public Employees Retirement System of Ohio’s holdings in Shutterfly were worth $399,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Advent International Corp MA bought a new position in shares of Shutterfly in the fourth quarter worth $15,987,000. Ulysses Management LLC grew its stake in shares of Shutterfly by 98.8% in the fourth quarter. Ulysses Management LLC now owns 593,597 shares of the technology company’s stock worth $23,898,000 after purchasing an additional 294,939 shares in the last quarter. Canada Pension Plan Investment Board grew its stake in shares of Shutterfly by 237.9% in the fourth quarter. Canada Pension Plan Investment Board now owns 409,700 shares of the technology company’s stock worth $16,493,000 after purchasing an additional 288,460 shares in the last quarter. Millennium Management LLC grew its stake in shares of Shutterfly by 218.6% in the fourth quarter. Millennium Management LLC now owns 330,927 shares of the technology company’s stock worth $13,323,000 after purchasing an additional 227,055 shares in the last quarter. Finally, Lakewood Capital Management LP bought a new position in shares of Shutterfly in the fourth quarter worth $8,728,000.
In related news, CAO Lisa Blackwood-Kapral sold 668 shares of the firm’s stock in a transaction dated Friday, February 15th. The stock was sold at an average price of $45.93, for a total transaction of $30,681.24. Following the completion of the transaction, the chief accounting officer now owns 1,625 shares of the company’s stock, valued at $74,636.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Michele Anderson sold 4,188 shares of the company’s stock in a transaction on Thursday, February 28th. The shares were sold at an average price of $44.57, for a total value of $186,659.16. Following the sale, the senior vice president now directly owns 13,301 shares of the company’s stock, valued at $592,825.57. The disclosure for this sale can be found here. Insiders have sold 28,882 shares of company stock valued at $1,325,808 in the last ninety days. Company insiders own 1.30% of the company’s stock.
Several research analysts have recently issued reports on the company. BidaskClub raised Shutterfly from a “sell” rating to a “hold” rating in a research note on Friday, January 25th. Zacks Investment Research raised Shutterfly from a “sell” rating to a “hold” rating in a research note on Monday, March 4th. ValuEngine raised Shutterfly from a “sell” rating to a “hold” rating in a research note on Friday, February 8th. Goldman Sachs Group assumed coverage on Shutterfly in a research note on Monday, February 4th. They issued a “sell” rating and a $40.00 price target for the company. Finally, SunTrust Banks decreased their price target on Shutterfly to $70.00 and set a “buy” rating for the company in a research note on Friday, February 1st. They noted that the move was a valuation call. Three research analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $70.40.
Shares of SFLY stock opened at $40.33 on Wednesday. Shutterfly, Inc. has a fifty-two week low of $35.08 and a fifty-two week high of $100.34. The stock has a market cap of $1.37 billion, a P/E ratio of 13.22, a PEG ratio of 2.45 and a beta of 1.39. The company has a quick ratio of 1.76, a current ratio of 1.80 and a debt-to-equity ratio of 1.62.
Shutterfly (NASDAQ:SFLY) last announced its earnings results on Tuesday, February 5th. The technology company reported $5.19 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $5.28 by ($0.09). Shutterfly had a net margin of 2.57% and a return on equity of 18.78%. The firm had revenue of $949.97 million for the quarter, compared to the consensus estimate of $951.60 million. During the same period in the prior year, the business earned $3.11 EPS. The company’s quarterly revenue was up 60.0% compared to the same quarter last year. As a group, sell-side analysts predict that Shutterfly, Inc. will post 0.74 EPS for the current fiscal year.
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Shutterfly, Inc manufactures and retails personalized products primarily in the United States, Canada, and the European Community. The company operates through three reportable segments: Shutterfly Consumer, Lifetouch, and Shutterfly Business Solutions. The Shutterfly Consumer segment provides products, such as portraits, cards and stationery items, professionally-bound photo books and year books, personalized gifts and home décor products, and calendars and prints; and mugs, ornaments, candles, pillows, and blankets through the Shutterfly, Tiny Prints, and Groovebook domains, as well as rents photographic and video equipment under BorrowLenses brand.
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