Unigestion Holding SA grew its stake in Shutterfly, Inc. (NASDAQ:SFLY) by 114.7% in the third quarter, Holdings Channel reports. The institutional investor owned 114,240 shares of the technology company’s stock after buying an additional 61,040 shares during the quarter. Unigestion Holding SA’s holdings in Shutterfly were worth $7,527,000 as of its most recent SEC filing.
Several other large investors also recently made changes to their positions in the business. Advisors Preferred LLC lifted its position in shares of Shutterfly by 116.6% in the second quarter. Advisors Preferred LLC now owns 1,174 shares of the technology company’s stock worth $106,000 after buying an additional 632 shares during the last quarter. Strs Ohio lifted its position in shares of Shutterfly by 36.8% in the second quarter. Strs Ohio now owns 2,600 shares of the technology company’s stock worth $234,000 after buying an additional 700 shares during the last quarter. Amalgamated Bank lifted its position in shares of Shutterfly by 15.1% during the 2nd quarter. Amalgamated Bank now owns 5,389 shares of the technology company’s stock worth $485,000 after purchasing an additional 706 shares during the last quarter. United Services Automobile Association lifted its position in shares of Shutterfly by 14.2% during the 2nd quarter. United Services Automobile Association now owns 5,904 shares of the technology company’s stock worth $532,000 after purchasing an additional 732 shares during the last quarter. Finally, Piedmont Investment Advisors LLC lifted its position in shares of Shutterfly by 11.2% during the 2nd quarter. Piedmont Investment Advisors LLC now owns 7,726 shares of the technology company’s stock worth $696,000 after purchasing an additional 776 shares during the last quarter.
NASDAQ SFLY opened at $57.67 on Friday. Shutterfly, Inc. has a twelve month low of $40.05 and a twelve month high of $100.34. The company has a quick ratio of 1.34, a current ratio of 1.39 and a debt-to-equity ratio of 2.24. The stock has a market cap of $1.94 billion, a P/E ratio of 54.92, a price-to-earnings-growth ratio of 0.84 and a beta of 1.34.
Shutterfly (NASDAQ:SFLY) last posted its quarterly earnings data on Tuesday, October 30th. The technology company reported ($2.20) earnings per share for the quarter, topping the consensus estimate of ($2.42) by $0.22. Shutterfly had a positive return on equity of 4.09% and a negative net margin of 0.97%. The business had revenue of $368.76 million during the quarter, compared to analysts’ expectations of $377.54 million. During the same quarter in the previous year, the firm earned ($0.78) EPS. The firm’s revenue was up 88.7% compared to the same quarter last year. As a group, analysts expect that Shutterfly, Inc. will post 3.15 EPS for the current year.
Several equities analysts recently weighed in on SFLY shares. ValuEngine raised Shutterfly from a “hold” rating to a “buy” rating in a research report on Tuesday. SunTrust Banks cut their price objective on Shutterfly to $90.00 and set a “buy” rating for the company in a research report on Wednesday, October 31st. TheStreet cut Shutterfly from a “b-” rating to a “c+” rating in a research report on Tuesday, September 4th. Zacks Investment Research raised Shutterfly from a “sell” rating to a “hold” rating in a research report on Monday, August 6th. Finally, KeyCorp started coverage on Shutterfly in a research report on Friday. They set a “sector weight” rating for the company. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $90.80.
In other Shutterfly news, CFO Michael W. Pope sold 17,458 shares of the company’s stock in a transaction that occurred on Monday, October 29th. The stock was sold at an average price of $58.60, for a total value of $1,023,038.80. Following the completion of the transaction, the chief financial officer now owns 17,500 shares of the company’s stock, valued at approximately $1,025,500. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Ishantha Lokuge sold 1,260 shares of the company’s stock in a transaction that occurred on Monday, October 22nd. The shares were sold at an average price of $61.41, for a total value of $77,376.60. Following the completion of the transaction, the senior vice president now directly owns 6,260 shares of the company’s stock, valued at approximately $384,426.60. The disclosure for this sale can be found here. In the last ninety days, insiders sold 56,222 shares of company stock valued at $3,731,954. Insiders own 0.80% of the company’s stock.
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Shutterfly Company Profile
Shutterfly, Inc manufactures and retails personalized products and services primarily in the United States, Canada, and the European Community. The company operates through Consumer and Shutterfly Business Solutions segments. It offers a range of personalized photo-based products and services that enable consumers to upload, edit, enhance, organize, find, share, create, print, and preserve their memories.
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