PEAK6 Investments L.P. Takes $755,000 Position in Shutterfly, Inc. (SFLY)

PEAK6 Investments L.P. acquired a new stake in shares of Shutterfly, Inc. (NASDAQ:SFLY) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 15,183 shares of the technology company’s stock, valued at approximately $755,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in SFLY. Fine Capital Partners L.P. raised its position in shares of Shutterfly by 19.8% during the 3rd quarter. Fine Capital Partners L.P. now owns 1,646,060 shares of the technology company’s stock worth $79,801,000 after purchasing an additional 272,200 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Shutterfly by 0.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,248,187 shares of the technology company’s stock worth $60,512,000 after purchasing an additional 3,360 shares during the period. Rice Hall James & Associates LLC raised its position in shares of Shutterfly by 9.4% during the 4th quarter. Rice Hall James & Associates LLC now owns 877,093 shares of the technology company’s stock worth $43,635,000 after purchasing an additional 75,573 shares during the period. Bamco Inc. NY acquired a new stake in shares of Shutterfly during the 3rd quarter worth approximately $36,360,000. Finally, Wells Fargo & Company MN raised its position in shares of Shutterfly by 430.8% during the 4th quarter. Wells Fargo & Company MN now owns 395,028 shares of the technology company’s stock worth $19,653,000 after purchasing an additional 320,604 shares during the period.

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A number of brokerages recently issued reports on SFLY. Robert W. Baird increased their price objective on Shutterfly to $85.00 and gave the stock a “neutral” rating in a report on Friday. BidaskClub lowered Shutterfly from a “strong-buy” rating to a “buy” rating in a report on Tuesday. ValuEngine raised Shutterfly from a “sell” rating to a “hold” rating in a research note on Friday, December 29th. Zacks Investment Research lowered Shutterfly from a “strong-buy” rating to a “hold” rating in a research note on Tuesday. Finally, Goldman Sachs lowered Shutterfly from a “neutral” rating to a “sell” rating and set a $46.00 price target for the company. in a research note on Wednesday, January 17th. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $61.25.

In other Shutterfly news, Director Brian Swette sold 13,401 shares of the stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $75.86, for a total transaction of $1,016,599.86. Following the transaction, the director now directly owns 25,260 shares of the company’s stock, valued at $1,916,223.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Lisa Blackwood-Kapral sold 633 shares of the stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $74.34, for a total transaction of $47,057.22. Following the transaction, the insider now directly owns 1,625 shares in the company, valued at $120,802.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 301,082 shares of company stock valued at $21,549,580. 0.80% of the stock is owned by corporate insiders.

SFLY opened at $80.03 on Friday. The firm has a market capitalization of $2,582.82, a PE ratio of 76.22 and a beta of 0.88. Shutterfly, Inc. has a 12-month low of $39.76 and a 12-month high of $86.41. The company has a quick ratio of 1.38, a current ratio of 1.40 and a debt-to-equity ratio of 0.53.

Shutterfly (NASDAQ:SFLY) last released its earnings results on Tuesday, January 30th. The technology company reported $3.11 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.86 by $0.25. Shutterfly had a return on equity of 6.99% and a net margin of 2.53%. The company had revenue of $593.80 million during the quarter, compared to analyst estimates of $556.40 million. During the same quarter in the prior year, the company earned $2.63 earnings per share. The company’s revenue for the quarter was up 5.8% on a year-over-year basis. sell-side analysts anticipate that Shutterfly, Inc. will post 2.09 EPS for the current fiscal year.

Shutterfly announced that its Board of Directors has initiated a stock buyback plan on Tuesday, January 30th that allows the company to repurchase outstanding shares. This repurchase authorization allows the technology company to purchase shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s board believes its stock is undervalued.

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Shutterfly 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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