Unison Advisors LLC Buys Shares of 38,239 Shutterstock, Inc. $SSTK

Unison Advisors LLC purchased a new stake in shares of Shutterstock, Inc. (NYSE:SSTK) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 38,239 shares of the business services provider’s stock, valued at approximately $730,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of SSTK. Byrne Asset Management LLC grew its stake in Shutterstock by 10.7% during the third quarter. Byrne Asset Management LLC now owns 4,272 shares of the business services provider’s stock valued at $89,000 after acquiring an additional 412 shares in the last quarter. WealthCollab LLC increased its holdings in Shutterstock by 40.7% during the 3rd quarter. WealthCollab LLC now owns 2,043 shares of the business services provider’s stock worth $43,000 after acquiring an additional 591 shares during the period. Illinois Municipal Retirement Fund lifted its stake in Shutterstock by 5.1% in the 3rd quarter. Illinois Municipal Retirement Fund now owns 12,852 shares of the business services provider’s stock worth $268,000 after purchasing an additional 628 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH lifted its stake in Shutterstock by 0.6% in the 3rd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 113,450 shares of the business services provider’s stock worth $2,365,000 after purchasing an additional 650 shares in the last quarter. Finally, Covestor Ltd boosted its holdings in Shutterstock by 31.5% in the 3rd quarter. Covestor Ltd now owns 2,951 shares of the business services provider’s stock valued at $62,000 after purchasing an additional 707 shares during the period. 82.79% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Weiss Ratings restated a “hold (c-)” rating on shares of Shutterstock in a research report on Wednesday, January 21st. Zacks Research raised Shutterstock from a “strong sell” rating to a “hold” rating in a research note on Monday, January 26th. One analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, Shutterstock has a consensus rating of “Hold” and an average price target of $25.00.

Shutterstock Trading Up 0.6%

SSTK stock opened at $16.64 on Monday. The company has a market capitalization of $591.52 million, a PE ratio of 12.90 and a beta of 1.18. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.54 and a current ratio of 0.54. Shutterstock, Inc. has a one year low of $14.35 and a one year high of $29.50. The company’s 50 day moving average price is $17.16 and its two-hundred day moving average price is $19.55.

Shutterstock (NYSE:SSTK) last announced its quarterly earnings data on Tuesday, February 17th. The business services provider reported $0.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.38). Shutterstock had a net margin of 4.60% and a return on equity of 16.13%. The business had revenue of $220.22 million during the quarter, compared to analysts’ expectations of $252.28 million. During the same period last year, the company posted $0.67 EPS. Shutterstock’s revenue for the quarter was down 12.0% on a year-over-year basis. As a group, analysts predict that Shutterstock, Inc. will post 3.12 earnings per share for the current fiscal year.

Shutterstock Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 19th. Stockholders of record on Thursday, March 5th were paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 8.7%. This is an increase from Shutterstock’s previous quarterly dividend of $0.33. The ex-dividend date of this dividend was Thursday, March 5th. Shutterstock’s payout ratio is 111.63%.

Shutterstock Company 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.