Fine Capital Partners L.P. raised its position in shares of Shutterfly, Inc. (NASDAQ:SFLY) by 19.8% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,646,060 shares of the technology company’s stock after purchasing an additional 272,200 shares during the quarter. Shutterfly accounts for 8.4% of Fine Capital Partners L.P.’s portfolio, making the stock its 4th largest position. Fine Capital Partners L.P. owned approximately 5.01% of Shutterfly worth $79,801,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of SFLY. Pinebridge Investments L.P. boosted its stake in shares of Shutterfly by 1.4% in the second quarter. Pinebridge Investments L.P. now owns 4,450 shares of the technology company’s stock worth $211,000 after buying an additional 60 shares during the last quarter. Arizona State Retirement System boosted its position in Shutterfly by 0.6% during the second quarter. Arizona State Retirement System now owns 17,600 shares of the technology company’s stock worth $836,000 after purchasing an additional 100 shares in the last quarter. Amalgamated Bank boosted its position in Shutterfly by 2.7% during the second quarter. Amalgamated Bank now owns 4,713 shares of the technology company’s stock worth $224,000 after purchasing an additional 122 shares in the last quarter. Nisa Investment Advisors LLC boosted its position in Shutterfly by 1.7% during the second quarter. Nisa Investment Advisors LLC now owns 9,160 shares of the technology company’s stock worth $449,000 after purchasing an additional 150 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan boosted its position in Shutterfly by 2.6% during the second quarter. Municipal Employees Retirement System of Michigan now owns 7,940 shares of the technology company’s stock worth $377,000 after purchasing an additional 200 shares in the last quarter.
In related news, SVP Satish Menon sold 25,000 shares of the business’s stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $42.30, for a total value of $1,057,500.00. Following the transaction, the senior vice president now owns 38,221 shares in the company, valued at approximately $1,616,748.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Lisa Blackwood-Kapral sold 719 shares of Shutterfly stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $40.78, for a total value of $29,320.82. Following the completion of the sale, the chief accounting officer now directly owns 1,900 shares in the company, valued at approximately $77,482. The disclosure for this sale can be found here. Insiders have sold 71,363 shares of company stock worth $3,077,580 in the last quarter. Insiders own 0.80% of the company’s stock.
SFLY has been the topic of a number of recent analyst reports. ValuEngine upgraded Shutterfly from a “sell” rating to a “hold” rating in a research report on Friday, September 22nd. Zacks Investment Research cut Shutterfly from a “hold” rating to a “sell” rating in a report on Tuesday, October 10th. Aegis reaffirmed a “buy” rating and issued a $56.00 price target on shares of Shutterfly in a report on Tuesday, October 24th. Finally, Goldman Sachs Group reissued a “neutral” rating and set a $47.00 target price on shares of Shutterfly in a research note on Wednesday, October 11th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $53.50.
Shutterfly, Inc. (NASDAQ SFLY) traded up $1.05 during trading on Friday, reaching $47.03. The company’s stock had a trading volume of 1,100,000 shares, compared to its average volume of 557,407. Shutterfly, Inc. has a one year low of $39.76 and a one year high of $53.99. The firm has a market capitalization of $1,580.00, a PE ratio of 74.16 and a beta of 0.84.
Shutterfly (NASDAQ:SFLY) last posted its earnings results on Tuesday, October 24th. The technology company reported ($0.78) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.79) by $0.01. Shutterfly had a return on equity of 4.66% and a net margin of 0.81%. The business had revenue of $195.44 million for the quarter, compared to analysts’ expectations of $191.65 million. During the same quarter in the previous year, the firm earned ($0.86) earnings per share. The business’s revenue was up 4.3% compared to the same quarter last year. equities research analysts predict that Shutterfly, Inc. will post 0.45 EPS for the current year.
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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.
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