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.
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, 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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