Rhumbline Advisers boosted its holdings in shares of Shutterfly, Inc. (NASDAQ:SFLY) by 14.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 77,724 shares of the technology company’s stock after purchasing an additional 9,852 shares during the period. Rhumbline Advisers owned approximately 0.24% of Shutterfly worth $3,867,000 as of its most recent filing with the SEC.
A number of other institutional investors have also modified their holdings of the business. Fine Capital Partners L.P. boosted its holdings in shares of Shutterfly by 19.8% in the third quarter. Fine Capital Partners L.P. now owns 1,646,060 shares of the technology company’s stock valued at $79,801,000 after acquiring an additional 272,200 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Shutterfly by 0.3% in the third quarter. Dimensional Fund Advisors LP now owns 1,248,187 shares of the technology company’s stock valued at $60,512,000 after acquiring an additional 3,360 shares in the last quarter. Rice Hall James & Associates LLC boosted its holdings in shares of Shutterfly by 9.4% in the fourth quarter. Rice Hall James & Associates LLC now owns 877,093 shares of the technology company’s stock valued at $43,635,000 after acquiring an additional 75,573 shares in the last quarter. Bamco Inc. NY purchased a new stake in shares of Shutterfly in the third quarter valued at about $36,360,000. Finally, Wells Fargo & Company MN boosted its holdings in shares of Shutterfly by 430.8% in the fourth quarter. Wells Fargo & Company MN now owns 395,028 shares of the technology company’s stock valued at $19,653,000 after acquiring an additional 320,604 shares in the last quarter.
Shares of Shutterfly, Inc. (SFLY) opened at $85.38 on Wednesday. The company has a quick ratio of 1.38, a current ratio of 1.40 and a debt-to-equity ratio of 0.53. Shutterfly, Inc. has a 52 week low of $39.76 and a 52 week high of $86.41. The company has a market cap of $2,780.00, a PE ratio of 218.92 and a beta of 0.93.
Shutterfly announced that its Board of Directors has approved a stock buyback plan on Tuesday, January 30th that authorizes the company to repurchase shares. This repurchase authorization authorizes the technology company to reacquire shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.
In related news, insider Lisa Blackwood-Kapral sold 633 shares of the firm’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $74.34, for a total value of $47,057.22. Following the completion of the sale, the insider now owns 1,625 shares in the company, valued at $120,802.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Christopher North sold 170,000 shares of the firm’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $67.76, for a total transaction of $11,519,200.00. Following the completion of the sale, the chief executive officer now owns 97,394 shares of the company’s stock, valued at approximately $6,599,417.44. The disclosure for this sale can be found here. Insiders sold 271,209 shares of company stock valued at $19,135,865 in the last quarter. Company insiders own 0.80% of the company’s stock.
SFLY has been the topic of several analyst reports. Aegis reaffirmed a “buy” rating and issued a $57.00 target price on shares of Shutterfly in a report on Wednesday, December 27th. ValuEngine raised shares of Shutterfly from a “sell” rating to a “hold” rating in a report on Friday, December 29th. BidaskClub raised shares of Shutterfly from a “sell” rating to a “hold” rating in a report on Friday, December 29th. SunTrust Banks lifted their target price on shares of Shutterfly to $60.00 and gave the company a “buy” rating in a report on Friday, January 12th. Finally, Goldman Sachs Group downgraded shares of 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 research analyst has rated the stock with a sell rating, four have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $56.88.
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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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