State Board of Administration of Florida Retirement System maintained its position in Shutterfly, Inc. (NASDAQ:SFLY) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 23,019 shares of the technology company’s stock at the close of the second quarter. State Board of Administration of Florida Retirement System owned 0.07% of Shutterfly worth $1,093,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of the stock. KBC Group NV purchased a new position in shares of Shutterfly during the 2nd quarter worth approximately $4,061,000. BNP Paribas Arbitrage SA boosted its position in shares of Shutterfly by 10.6% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 13,034 shares of the technology company’s stock worth $619,000 after purchasing an additional 1,244 shares during the period. Legal & General Group Plc boosted its position in shares of Shutterfly by 8.7% during the 2nd quarter. Legal & General Group Plc now owns 66,110 shares of the technology company’s stock worth $3,140,000 after purchasing an additional 5,265 shares during the period. Dupont Capital Management Corp purchased a new position in shares of Shutterfly during the 2nd quarter worth approximately $311,000. Finally, Rice Hall James & Associates LLC boosted its position in shares of Shutterfly by 25.8% during the 2nd quarter. Rice Hall James & Associates LLC now owns 469,086 shares of the technology company’s stock worth $22,282,000 after purchasing an additional 96,231 shares during the period.

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Shutterfly, Inc. (NASDAQ:SFLY) opened at 48.73 on Thursday. The firm has a 50-day moving average of $46.45 and a 200 day moving average of $48.21. The stock has a market cap of $1.63 billion, a PE ratio of 297.13 and a beta of 0.89. Shutterfly, Inc. has a 12 month low of $41.91 and a 12 month high of $53.99.

Shutterfly (NASDAQ:SFLY) last released its quarterly earnings data on Tuesday, July 25th. The technology company reported ($0.68) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.55) by ($0.13). The business had revenue of $209.03 million during the quarter, compared to analyst estimates of $209.46 million. Shutterfly had a return on equity of 3.61% and a net margin of 0.50%. Shutterfly’s revenue was up 2.5% on a year-over-year basis. During the same period in the previous year, the company earned ($0.48) EPS. Analysts anticipate that Shutterfly, Inc. will post $0.47 EPS for the current year.

In other 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 value of $31,105.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Lisa Blackwood-Kapral sold 1,250 shares of the company’s stock in a transaction on Thursday, August 17th. The shares were sold at an average price of $46.56, for a total transaction of $58,200.00. Following the completion of the transaction, the insider now owns 1,250 shares of the company’s stock, valued at $58,200. The disclosure for this sale can be found here. Insiders sold 2,954 shares of company stock valued at $139,931 over the last 90 days. Insiders own 5.70% of the company’s stock.

A number of research firms recently weighed in on SFLY. TheStreet cut shares of Shutterfly from a “b-” rating to a “c+” rating in a research report on Tuesday, June 13th. Zacks Investment Research cut shares of Shutterfly from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 17th. BidaskClub cut shares of Shutterfly from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 5th. SunTrust Banks, Inc. assumed coverage on shares of Shutterfly in a research report on Tuesday, August 15th. They issued a “buy” rating and a $56.00 price target for the company. Finally, ValuEngine raised shares of Shutterfly from a “sell” rating to a “hold” rating in a research report on Tuesday, June 6th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the stock. Shutterfly currently has an average rating of “Hold” and a consensus price target of $54.10.

Shutterfly Company Profile

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.

Institutional Ownership by Quarter for Shutterfly (NASDAQ:SFLY)

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