Rhumbline Advisers Sells 2,007 Shares of Shutterfly, Inc. (SFLY)

Rhumbline Advisers lowered its stake in Shutterfly, Inc. (NASDAQ:SFLY) by 2.5% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 78,899 shares of the technology company’s stock after selling 2,007 shares during the period. Rhumbline Advisers owned 0.24% of Shutterfly worth $5,199,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Advisors Preferred LLC grew its stake in shares of Shutterfly by 116.6% in the 2nd quarter. Advisors Preferred LLC now owns 1,174 shares of the technology company’s stock worth $106,000 after buying an additional 632 shares during the last quarter. Fortis Advisors LLC purchased a new stake in shares of Shutterfly in the 2nd quarter worth approximately $133,000. CIBC Asset Management Inc purchased a new stake in shares of Shutterfly in the 2nd quarter worth approximately $213,000. Highland Capital Management LP purchased a new stake in shares of Shutterfly in the 2nd quarter worth approximately $225,000. Finally, Strs Ohio grew its stake in shares of Shutterfly by 36.8% in the 2nd quarter. Strs Ohio now owns 2,600 shares of the technology company’s stock worth $234,000 after buying an additional 700 shares during the last quarter.

Several analysts recently weighed in on the company. KeyCorp assumed coverage on Shutterfly in a research note on Friday, November 9th. They issued a “sector weight” rating on the stock. ValuEngine upgraded Shutterfly from a “hold” rating to a “buy” rating in a research note on Tuesday, November 6th. SunTrust Banks cut their price target on Shutterfly to $90.00 and set a “buy” rating on the stock in a research note on Wednesday, October 31st. BidaskClub upgraded Shutterfly from a “strong sell” rating to a “sell” rating in a research note on Tuesday, November 6th. Finally, TheStreet downgraded Shutterfly from a “b-” rating to a “c+” rating in a research note on Tuesday, September 4th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $91.80.

In other Shutterfly news, SVP Satish Menon sold 25,000 shares of the stock in a transaction on Tuesday, November 20th. The stock was sold at an average price of $48.09, for a total transaction of $1,202,250.00. Following the sale, the senior vice president now directly owns 12,448 shares in the company, valued at approximately $598,624.32. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Ishantha Lokuge sold 2,514 shares of the stock in a transaction on Wednesday, September 12th. The shares were sold at an average price of $72.73, for a total value of $182,843.22. Following the sale, the senior vice president now owns 2,514 shares in the company, valued at $182,843.22. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 63,175 shares of company stock worth $3,586,398. Company insiders own 0.80% of the company’s stock.

Shares of SFLY opened at $47.79 on Friday. The company has a current ratio of 1.39, a quick ratio of 1.34 and a debt-to-equity ratio of 2.24. Shutterfly, Inc. has a 12 month low of $44.00 and a 12 month high of $100.34. The firm has a market cap of $1.60 billion, a price-to-earnings ratio of 74.27, a price-to-earnings-growth ratio of 0.69 and a beta of 1.37.

Shutterfly (NASDAQ:SFLY) last issued its earnings results on Tuesday, October 30th. The technology company reported ($2.20) EPS for the quarter, beating the consensus estimate of ($2.42) by $0.22. Shutterfly had a positive return on equity of 4.09% and a negative net margin of 0.97%. The business had revenue of $368.76 million for the quarter, compared to the consensus estimate of $377.54 million. During the same period last year, the business posted ($0.78) EPS. The company’s revenue was up 88.7% compared to the same quarter last year. On average, equities research analysts expect that Shutterfly, Inc. will post 3.12 earnings per share for the current year.

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Shutterfly Profile

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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Institutional Ownership by Quarter for Shutterfly (NASDAQ:SFLY)

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