California Public Employees Retirement System reduced its holdings in Shutterfly, Inc. (NASDAQ:SFLY) by 4.9% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 75,217 shares of the technology company’s stock after selling 3,881 shares during the period. California Public Employees Retirement System owned approximately 0.23% of Shutterfly worth $6,111,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also made changes to their positions in SFLY. O Shaughnessy Asset Management LLC acquired a new position in Shutterfly in the first quarter valued at approximately $187,000. Xact Kapitalforvaltning AB acquired a new position in Shutterfly in the fourth quarter valued at approximately $216,000. Meadow Creek Investment Management LLC raised its holdings in Shutterfly by 13.4% in the fourth quarter. Meadow Creek Investment Management LLC now owns 6,052 shares of the technology company’s stock worth $301,000 after purchasing an additional 714 shares during the period. Stone Ridge Asset Management LLC acquired a new stake in Shutterfly in the fourth quarter worth $357,000. Finally, Teacher Retirement System of Texas acquired a new stake in Shutterfly in the fourth quarter worth $516,000.
SFLY opened at $94.76 on Friday. The company has a current ratio of 1.58, a quick ratio of 1.56 and a debt-to-equity ratio of 0.53. The firm has a market capitalization of $3.12 billion, a price-to-earnings ratio of 90.25 and a beta of 0.90. Shutterfly, Inc. has a twelve month low of $39.76 and a twelve month high of $100.34.
Shutterfly (NASDAQ:SFLY) last issued its quarterly earnings data on Tuesday, May 1st. The technology company reported ($0.73) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.95) by $0.22. Shutterfly had a net margin of 3.01% and a return on equity of 7.80%. The company had revenue of $199.70 million during the quarter, compared to the consensus estimate of $192.02 million. During the same quarter in the prior year, the firm earned ($0.84) earnings per share. The firm’s revenue was up 4.0% compared to the same quarter last year. research analysts predict that Shutterfly, Inc. will post 3.03 earnings per share for the current year.
In other news, Director Betsy Rafael sold 3,472 shares of the stock in a transaction on Friday, May 25th. The shares were sold at an average price of $93.02, for a total transaction of $322,965.44. Following the completion of the sale, the director now owns 8,615 shares of the company’s stock, valued at $801,367.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Ann Mather sold 1,435 shares of the stock in a transaction on Wednesday, June 13th. The stock was sold at an average price of $97.25, for a total transaction of $139,553.75. The disclosure for this sale can be found here. Insiders have sold 129,161 shares of company stock valued at $11,783,212 in the last three months. 0.80% of the stock is owned by insiders.
Several research firms have weighed in on SFLY. BidaskClub lowered shares of Shutterfly from a “buy” rating to a “hold” rating in a report on Wednesday. SunTrust Banks reiterated a “buy” rating and issued a $111.00 target price on shares of Shutterfly in a report on Tuesday, June 5th. Zacks Investment Research upgraded shares of Shutterfly from a “hold” rating to a “strong-buy” rating and set a $109.00 target price on the stock in a report on Friday, May 4th. ValuEngine upgraded shares of Shutterfly from a “buy” rating to a “strong-buy” rating in a report on Wednesday, May 2nd. Finally, Goldman Sachs Group upgraded shares of Shutterfly from a “sell” rating to a “neutral” rating and increased their target price for the stock from $50.00 to $87.00 in a report on Wednesday, May 2nd. Four analysts have rated the stock with a hold rating, two have given a buy rating and two have given a strong buy rating to the stock. Shutterfly has an average rating of “Buy” and an average price target of $86.33.
Shutterfly, Inc manufactures and retails personalized products and services primarily in the United States, Canada, and the European Community. The company operates through Consumer and Shutterfly Business Solutions segments. It offers a range of personalized photo-based products and services that enable consumers to upload, edit, enhance, organize, find, share, create, print, and preserve their memories.
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