Teacher Retirement System of Texas purchased a new stake in Shutterfly, Inc. (NASDAQ:SFLY) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 10,369 shares of the technology company’s stock, valued at approximately $516,000.
Other large investors have also added to or reduced their stakes in the company. Bessemer Group Inc. purchased a new position in shares of Shutterfly during the 3rd quarter valued at about $112,000. SG Americas Securities LLC purchased a new position in Shutterfly in the 3rd quarter worth approximately $162,000. Wedge Capital Management L L P NC increased its stake in Shutterfly by 24.8% in the 4th quarter. Wedge Capital Management L L P NC now owns 6,937 shares of the technology company’s stock worth $345,000 after purchasing an additional 1,377 shares during the period. Jane Street Group LLC increased its stake in Shutterfly by 31.2% in the 3rd quarter. Jane Street Group LLC now owns 8,816 shares of the technology company’s stock worth $427,000 after purchasing an additional 2,096 shares during the period. Finally, Crossmark Global Holdings Inc. purchased a new position in Shutterfly in the 3rd quarter worth approximately $487,000.
A number of equities analysts have commented on the company. BidaskClub raised Shutterfly from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, March 6th. Robert W. Baird lifted their price target on Shutterfly to $85.00 and gave the company a “neutral” rating in a research report on Friday. Zacks Investment Research lowered Shutterfly from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. Aegis reissued a “buy” rating and issued a $73.00 target price on shares of Shutterfly in a report on Sunday, February 4th. Finally, Goldman Sachs downgraded Shutterfly from a “neutral” rating to a “sell” rating and set a $46.00 target price on the stock. in a report on Wednesday, January 17th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $61.25.
In other news, SVP Dwayne A. Black sold 16,102 shares of the stock in a transaction that occurred on Friday, March 9th. The stock was sold at an average price of $85.29, for a total value of $1,373,339.58. Following the sale, the senior vice president now directly owns 43,975 shares in the company, valued at $3,750,627.75. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Christopher North sold 170,000 shares of the stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $67.76, for a total value of $11,519,200.00. Following the completion of the sale, the chief executive officer now owns 97,394 shares in the company, valued at $6,599,417.44. The disclosure for this sale can be found here. Over the last three months, insiders have sold 301,082 shares of company stock valued at $21,549,580. 0.80% of the stock is owned by corporate insiders.
NASDAQ:SFLY opened at $80.03 on Friday. The stock has a market cap of $2,582.82, a price-to-earnings ratio of 76.22 and a beta of 0.88. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.40 and a quick ratio of 1.38. Shutterfly, Inc. has a 52-week low of $39.76 and a 52-week high of $86.41.
Shutterfly (NASDAQ:SFLY) last released its quarterly earnings data on Tuesday, January 30th. The technology company reported $3.11 earnings per share for the quarter, topping analysts’ consensus estimates of $2.86 by $0.25. Shutterfly had a return on equity of 6.99% and a net margin of 2.53%. The firm 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 posted $2.63 earnings per share. The business’s quarterly revenue was up 5.8% compared to the same quarter last year. equities research analysts predict that Shutterfly, Inc. will post 2.09 EPS for the current year.
Shutterfly declared that its board has approved a stock repurchase program on Tuesday, January 30th that permits the company to buyback outstanding shares. This buyback authorization permits the technology company to purchase shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s leadership believes its stock is undervalued.
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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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