Villanova Investment Management Co LLC Grows Stock Holdings in Shutterstock, Inc. $SSTK

Villanova Investment Management Co LLC grew its position in Shutterstock, Inc. (NYSE:SSTK) by 209.3% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 81,068 shares of the business services provider’s stock after buying an additional 54,858 shares during the period. Shutterstock accounts for about 1.6% of Villanova Investment Management Co LLC’s portfolio, making the stock its 29th largest position. Villanova Investment Management Co LLC’s holdings in Shutterstock were worth $1,537,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. GAMMA Investing LLC lifted its position in Shutterstock by 71.8% during the second quarter. GAMMA Investing LLC now owns 1,996 shares of the business services provider’s stock valued at $38,000 after acquiring an additional 834 shares during the last quarter. SummerHaven Investment Management LLC increased its position in shares of Shutterstock by 4.0% during the second quarter. SummerHaven Investment Management LLC now owns 22,243 shares of the business services provider’s stock worth $422,000 after purchasing an additional 861 shares in the last quarter. AlphaQuest LLC lifted its holdings in shares of Shutterstock by 9.8% during the 2nd quarter. AlphaQuest LLC now owns 11,796 shares of the business services provider’s stock valued at $224,000 after purchasing an additional 1,050 shares during the last quarter. State of Alaska Department of Revenue lifted its holdings in shares of Shutterstock by 8.7% during the 2nd quarter. State of Alaska Department of Revenue now owns 14,475 shares of the business services provider’s stock valued at $273,000 after purchasing an additional 1,158 shares during the last quarter. Finally, Prudential Financial Inc. boosted its position in shares of Shutterstock by 6.1% in the 2nd quarter. Prudential Financial Inc. now owns 25,824 shares of the business services provider’s stock worth $490,000 after purchasing an additional 1,490 shares in the last quarter. Hedge funds and other institutional investors own 82.79% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on SSTK. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Shutterstock in a research report on Wednesday, October 8th. Zacks Research lowered Shutterstock from a “hold” rating to a “strong sell” rating in a research note on Monday, December 1st. Finally, Wall Street Zen downgraded shares of Shutterstock from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. One investment analyst has rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $25.00.

Shutterstock Trading Down 0.5%

Shutterstock stock opened at $19.01 on Monday. The stock has a 50-day moving average price of $22.27 and a 200 day moving average price of $20.65. The company has a market capitalization of $675.19 million, a price-to-earnings ratio of 11.32 and a beta of 1.27. Shutterstock, Inc. has a 52 week low of $14.35 and a 52 week high of $38.80. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 0.20.

Shutterstock (NYSE:SSTK) last issued its earnings results on Wednesday, November 5th. The business services provider reported $0.99 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.47 by ($0.48). The business had revenue of $260.09 million for the quarter, compared to analysts’ expectations of $255.60 million. Shutterstock had a return on equity of 16.30% and a net margin of 5.89%.The company’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same period last year, the business earned $1.31 EPS. Sell-side analysts anticipate that Shutterstock, Inc. will post 3.12 EPS for the current year.

Shutterstock Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 18th. Stockholders of record on Thursday, December 4th will be issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 6.9%. The ex-dividend date of this dividend is Thursday, December 4th. Shutterstock’s payout ratio is 78.57%.

About Shutterstock

Shutterstock, Inc provides platform to connect brands and businesses to high quality content in North America, Europe, and internationally. The company offers image services consisting of photographs, vectors, and illustrations, which is used in visual communications, such as websites, digital and print marketing materials, corporate communications, books, publications, and others; footage services, including video clips, filmed by industry experts and cinema grade video effects in HD and 4K formats that are integrated into websites, social media, marketing campaigns, and cinematic productions; and music services comprising music tracks and sound effects, which are used to complement images and footage.