Universal Beteiligungs und Servicegesellschaft mbH Lowers Position in Shutterstock, Inc. $SSTK

Universal Beteiligungs und Servicegesellschaft mbH lessened its position in Shutterstock, Inc. (NYSE:SSTK) by 44.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 63,450 shares of the business services provider’s stock after selling 50,000 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.18% of Shutterstock worth $1,212,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. WealthCollab LLC increased its position in Shutterstock by 106.3% during the 2nd quarter. WealthCollab LLC now owns 1,452 shares of the business services provider’s stock valued at $28,000 after buying an additional 748 shares in the last quarter. Osaic Holdings Inc. increased its position in Shutterstock by 150.6% during the 2nd quarter. Osaic Holdings Inc. now owns 1,772 shares of the business services provider’s stock valued at $34,000 after buying an additional 1,065 shares in the last quarter. Covestor Ltd increased its position in Shutterstock by 31.5% during the 3rd quarter. Covestor Ltd now owns 2,951 shares of the business services provider’s stock valued at $62,000 after buying an additional 707 shares in the last quarter. Tower Research Capital LLC TRC increased its position in Shutterstock by 72.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,297 shares of the business services provider’s stock valued at $63,000 after buying an additional 1,388 shares in the last quarter. Finally, Byrne Asset Management LLC increased its position in Shutterstock by 10.7% during the 3rd quarter. Byrne Asset Management LLC now owns 4,272 shares of the business services provider’s stock valued at $89,000 after buying an additional 412 shares in the last quarter. Institutional investors own 82.79% of the company’s stock.

Shutterstock Stock Performance

Shares of SSTK opened at $16.70 on Friday. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.51 and a quick ratio of 0.54. Shutterstock, Inc. has a one year low of $14.36 and a one year high of $29.50. The firm has a market capitalization of $613.56 million, a P/E ratio of -28.79 and a beta of 1.11. The business has a fifty day moving average of $16.87 and a 200 day moving average of $19.03.

Shutterstock (NYSE:SSTK) last issued its quarterly earnings data on Tuesday, February 17th. The business services provider reported $0.67 EPS for the quarter, missing the consensus estimate of $1.05 by ($0.38). Shutterstock had a positive return on equity of 14.12% and a negative net margin of 2.19%.The firm had revenue of $220.22 million during the quarter, compared to the consensus estimate of $252.28 million. During the same period in the previous year, the firm earned $0.67 EPS. The business’s revenue was down 12.0% on a year-over-year basis. As a group, sell-side analysts anticipate that Shutterstock, Inc. will post 2.73 EPS for the current year.

Shutterstock Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Thursday, June 4th will be issued a $0.36 dividend. The ex-dividend date of this dividend is Thursday, June 4th. This represents a $1.44 annualized dividend and a dividend yield of 8.6%. Shutterstock’s payout ratio is presently -248.28%.

Wall Street Analysts Forecast Growth

SSTK has been the subject of a number of analyst reports. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Shutterstock in a research report on Monday, April 20th. Zacks Research raised Shutterstock from a “strong sell” rating to a “hold” rating in a research report on Monday, January 26th. Finally, Wall Street Zen lowered Shutterstock from a “hold” rating to a “sell” rating in a research report on Saturday. One analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $25.00.

Shutterstock Profile

Shutterstock, Inc (NYSE:SSTK) operates a leading global creative platform that provides royalty-free stock content to businesses, marketing agencies and media outlets. Its primary offerings include high-resolution photographs, vector graphics, illustrations, video footage and music tracks, all available through subscription plans or on-demand licensing. The platform also features customizable design tools and collaborative workspaces that enable customers to create and manage visual content more efficiently.

Founded in 2003 by Jon Oringer, Shutterstock began as an online marketplace offering a modest selection of images and quickly scaled its library to hundreds of millions of assets.