Shutterfly, Inc. (SFLY) Shares Sold by Quantitative Systematic Strategies LLC
Quantitative Systematic Strategies LLC lessened its stake in Shutterfly, Inc. (NASDAQ:SFLY) by 13.0% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 34,374 shares of the technology company’s stock after selling 5,142 shares during the quarter. Quantitative Systematic Strategies LLC owned about 0.10% of Shutterfly worth $1,666,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. boosted its holdings in shares of Shutterfly by 2.3% in the 2nd quarter. Vanguard Group Inc. now owns 2,903,180 shares of the technology company’s stock valued at $137,902,000 after purchasing an additional 64,361 shares during the last quarter. EastBay Asset Management LLC boosted its holdings in shares of Shutterfly by 0.6% in the 2nd quarter. EastBay Asset Management LLC now owns 2,130,159 shares of the technology company’s stock valued at $101,182,000 after purchasing an additional 12,470 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Shutterfly by 1.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,244,827 shares of the technology company’s stock valued at $59,130,000 after purchasing an additional 19,717 shares during the last quarter. State Street Corp boosted its holdings in shares of Shutterfly by 4.0% in the 2nd quarter. State Street Corp now owns 979,974 shares of the technology company’s stock valued at $46,554,000 after purchasing an additional 37,889 shares during the last quarter. Finally, Rice Hall James & Associates LLC boosted its holdings in shares of Shutterfly by 25.8% in the 2nd quarter. Rice Hall James & Associates LLC now owns 469,086 shares of the technology company’s stock valued at $22,282,000 after purchasing an additional 96,231 shares during the last quarter.
In related news, VP Jason Sebring sold 644 shares of the company’s stock in a transaction on 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 filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Ishantha Lokuge sold 7,162 shares of the company’s stock in a transaction on Friday, October 20th. The stock was sold at an average price of $48.85, for a total transaction of $349,863.70. Following the sale, the senior vice president now directly owns 7,162 shares of the company’s stock, valued at $349,863.70. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 11,894 shares of company stock valued at $576,159. 5.70% of the stock is owned by insiders.
Shutterfly, Inc. (NASDAQ SFLY) traded up 0.02% during midday trading on Friday, reaching $48.70. 1,120,454 shares of the company traded hands. Shutterfly, Inc. has a 12 month low of $41.91 and a 12 month high of $53.99. The firm has a 50 day moving average of $48.08 and a 200-day moving average of $48.47. The stock has a market capitalization of $1.62 billion, a price-to-earnings ratio of 296.95 and a beta of 0.90.
Shutterfly (NASDAQ:SFLY) last posted its earnings results on Tuesday, July 25th. The technology company reported ($0.68) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.55) by ($0.13). The business had revenue of $209.03 million during the quarter, compared to the consensus estimate of $209.46 million. Shutterfly had a return on equity of 3.61% and a net margin of 0.50%. The business’s revenue was up 2.5% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.48) earnings per share. Analysts forecast that Shutterfly, Inc. will post $0.41 EPS for the current fiscal year.
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A number of brokerages have weighed in on SFLY. Zacks Investment Research lowered shares of Shutterfly from a “hold” rating to a “sell” rating in a report on Tuesday, October 10th. Goldman Sachs Group Inc reiterated a “neutral” rating and issued a $47.00 price target on shares of Shutterfly in a report on Wednesday, October 11th. BidaskClub lowered shares of Shutterfly from a “sell” rating to a “strong sell” rating in a report on Saturday, August 5th. Jefferies Group LLC restated a “hold” rating and set a $53.00 target price on shares of Shutterfly in a report on Friday, August 4th. Finally, SunTrust Banks, Inc. initiated coverage on shares of Shutterfly in a report on Tuesday, August 15th. They set a “buy” rating and a $56.00 target price on the stock. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $53.45.
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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