3,316 Shares in Shutterfly, Inc. (NASDAQ:SFLY) Bought by Quantamental Technologies LLC

Quantamental Technologies LLC purchased a new stake in Shutterfly, Inc. (NASDAQ:SFLY) during the 2nd quarter, Holdings Channel reports. The institutional investor purchased 3,316 shares of the technology company’s stock, valued at approximately $168,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of SFLY. Redhawk Wealth Advisors Inc. bought a new position in shares of Shutterfly during the second quarter worth about $75,000. Towerview LLC acquired a new stake in Shutterfly during the first quarter valued at approximately $102,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Shutterfly by 48.5% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,416 shares of the technology company’s stock worth $122,000 after buying an additional 789 shares during the last quarter. Janus Henderson Group PLC bought a new position in Shutterfly during the 2nd quarter worth approximately $220,000. Finally, DekaBank Deutsche Girozentrale grew its position in shares of Shutterfly by 288.9% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 4,581 shares of the technology company’s stock worth $231,000 after acquiring an additional 3,403 shares in the last quarter.

In other Shutterfly news, SVP Tracy Layney sold 21,750 shares of the firm’s stock in a transaction that occurred on Tuesday, June 18th. The shares were sold at an average price of $50.53, for a total value of $1,099,027.50. Following the sale, the senior vice president now owns 21,750 shares in the company, valued at $1,099,027.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Scott Arnold sold 12,543 shares of the firm’s stock in a transaction that occurred on Tuesday, July 2nd. The shares were sold at an average price of $50.59, for a total transaction of $634,550.37. Following the completion of the sale, the insider now owns 12,543 shares in the company, valued at approximately $634,550.37. The disclosure for this sale can be found here. Insiders sold 38,465 shares of company stock worth $1,944,431 over the last ninety days. 2.40% of the stock is owned by corporate insiders.

A number of brokerages have recently weighed in on SFLY. Raymond James downgraded Shutterfly from an “outperform” rating to a “market perform” rating in a report on Tuesday, June 11th. Aegis downgraded shares of Shutterfly from a “buy” rating to a “hold” rating in a report on Monday, June 17th. ValuEngine upgraded shares of Shutterfly from a “hold” rating to a “buy” rating in a research note on Thursday, August 8th. SunTrust Banks lowered shares of Shutterfly from a “buy” rating to a “hold” rating and set a $57.00 target price for the company. in a research note on Monday, June 10th. Finally, BidaskClub cut shares of Shutterfly from a “hold” rating to a “sell” rating in a report on Saturday. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company. Shutterfly currently has an average rating of “Hold” and an average price target of $53.83.

Shares of Shutterfly stock traded up $0.01 on Monday, reaching $50.92. 12,276 shares of the company were exchanged, compared to its average volume of 407,729. The company has a debt-to-equity ratio of 1.60, a quick ratio of 1.22 and a current ratio of 1.30. The company’s 50-day moving average is $50.75 and its two-hundred day moving average is $46.78. The firm has a market cap of $1.75 billion, a price-to-earnings ratio of 16.70 and a beta of 1.24. Shutterfly, Inc. has a 1-year low of $35.08 and a 1-year high of $74.24.

Shutterfly (NASDAQ:SFLY) last released its quarterly earnings data on Wednesday, August 7th. The technology company reported ($0.23) earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of ($0.23). The business had revenue of $473.42 million during the quarter, compared to analyst estimates of $475.09 million. Shutterfly had a return on equity of 4.37% and a net margin of 0.36%. As a group, sell-side analysts forecast that Shutterfly, Inc. will post 0.8 earnings per share for the current year.

About Shutterfly

Shutterfly, Inc manufactures and retails personalized products primarily in the United States, Canada, and the European Community. The company operates through three reportable segments: Shutterfly Consumer, Lifetouch, and Shutterfly Business Solutions. The Shutterfly Consumer segment provides products, such as portraits, cards and stationery items, professionally-bound photo books and year books, personalized gifts and home décor products, and calendars and prints; and mugs, ornaments, candles, pillows, and blankets through the Shutterfly, Tiny Prints, and Groovebook domains, as well as rents photographic and video equipment under BorrowLenses brand.

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Institutional Ownership by Quarter for Shutterfly (NASDAQ:SFLY)

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