Unigestion Holding SA increased its stake in Shutterfly, Inc. (NASDAQ:SFLY) by 114.7% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 114,240 shares of the technology company’s stock after acquiring an additional 61,040 shares during the quarter. Unigestion Holding SA owned approximately 0.34% of Shutterfly worth $7,527,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently modified their holdings of SFLY. Advisors Preferred LLC grew its holdings 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 acquiring an additional 632 shares during the last quarter. Fortis Advisors LLC acquired a new position in shares of Shutterfly in the 2nd quarter worth $133,000. Denali Advisors LLC acquired a new position in shares of Shutterfly in the 2nd quarter worth $189,000. CIBC Asset Management Inc acquired a new position in shares of Shutterfly in the 2nd quarter worth $213,000. Finally, Highland Capital Management LP acquired a new position in shares of Shutterfly in the 2nd quarter worth $225,000.
Shares of SFLY stock opened at $57.67 on Friday. Shutterfly, Inc. has a 1-year low of $40.05 and a 1-year high of $100.34. The company has a current ratio of 1.39, a quick ratio of 1.34 and a debt-to-equity ratio of 2.24. The firm has a market cap of $1.94 billion, a PE ratio of 54.92, a price-to-earnings-growth ratio of 0.84 and a beta of 1.34.
Shutterfly (NASDAQ:SFLY) last issued its quarterly earnings results on Tuesday, October 30th. The technology company reported ($2.20) earnings per share for the quarter, beating analysts’ consensus estimates 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 quarter in the previous year, the company posted ($0.78) earnings per share. Shutterfly’s revenue for the quarter was up 88.7% compared to the same quarter last year. On average, equities research analysts anticipate that Shutterfly, Inc. will post 3.15 EPS for the current year.
In other news, SVP Dwayne A. Black sold 3,352 shares of Shutterfly stock in a transaction on Tuesday, August 14th. The stock was sold at an average price of $73.37, for a total transaction of $245,936.24. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Michael W. Pope sold 17,458 shares of Shutterfly stock in a transaction on Monday, October 29th. The shares were sold at an average price of $58.60, for a total value of $1,023,038.80. Following the transaction, the chief financial officer now owns 17,500 shares in the company, valued at approximately $1,025,500. The disclosure for this sale can be found here. Insiders have sold 56,222 shares of company stock worth $3,731,954 in the last quarter. 0.80% of the stock is currently owned by corporate insiders.
A number of equities analysts recently issued reports on SFLY shares. Zacks Investment Research cut Shutterfly from a “hold” rating to a “sell” rating in a report on Tuesday, July 24th. BidaskClub upgraded Shutterfly from a “strong sell” rating to a “sell” rating in a report on Tuesday. SunTrust Banks lowered their price target on Shutterfly to $90.00 and set a “buy” rating on the stock in a report on Wednesday, October 31st. ValuEngine upgraded Shutterfly from a “hold” rating to a “buy” rating in a report on Tuesday. Finally, TheStreet downgraded Shutterfly from a “b-” rating to a “c+” rating in a report on Tuesday, September 4th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $90.80.
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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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