Crossmark Global Holdings Inc. purchased a new position in Shutterfly, Inc. (NASDAQ:SFLY) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 10,046 shares of the technology company’s stock, valued at approximately $487,000.
Other large investors also recently modified their holdings of the company. Riverhead Capital Management LLC increased its holdings in shares of Shutterfly by 62.1% in the 2nd quarter. Riverhead Capital Management LLC now owns 2,431 shares of the technology company’s stock worth $116,000 after buying an additional 931 shares during the last quarter. Quantbot Technologies LP bought a new position in shares of Shutterfly in the 2nd quarter worth $119,000. LS Investment Advisors LLC increased its holdings in shares of Shutterfly by 132.9% in the 2nd quarter. LS Investment Advisors LLC now owns 2,888 shares of the technology company’s stock worth $137,000 after buying an additional 1,648 shares during the last quarter. Pinebridge Investments L.P. increased its holdings in shares of Shutterfly by 1.4% in the 2nd quarter. Pinebridge Investments L.P. now owns 4,450 shares of the technology company’s stock worth $211,000 after buying an additional 60 shares during the last quarter. Finally, Amalgamated Bank increased its holdings in shares of Shutterfly by 8.2% in the 1st quarter. Amalgamated Bank now owns 4,591 shares of the technology company’s stock worth $222,000 after buying an additional 346 shares during the last quarter.
In other Shutterfly news, CFO Michael W. Pope sold 35,000 shares of the stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $42.08, for a total transaction of $1,472,800.00. Following the completion of the sale, the chief financial officer now owns 17,500 shares of the company’s stock, valued at approximately $736,400. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Jason Sebring sold 644 shares of the stock in a transaction on Monday, September 18th. The shares were sold at an average price of $48.30, for a total transaction of $31,105.20. The disclosure for this sale can be found here. Insiders sold a total of 46,363 shares of company stock valued at $2,020,080 in the last ninety days. 0.80% of the stock is owned by corporate insiders.
Shutterfly (NASDAQ:SFLY) last announced its quarterly earnings data on Tuesday, October 24th. The technology company reported ($0.78) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.79) by $0.01. Shutterfly had a net margin of 0.81% and a return on equity of 4.66%. The company had revenue of $195.44 million during the quarter, compared to analysts’ expectations of $191.65 million. During the same quarter in the prior year, the company earned ($0.86) EPS. The firm’s revenue was up 4.3% on a year-over-year basis. analysts predict that Shutterfly, Inc. will post 0.45 earnings per share for the current year.
A number of equities analysts have recently commented on the stock. Goldman Sachs Group, Inc. (The) reissued a “neutral” rating and issued a $47.00 price target on shares of Shutterfly in a report on Wednesday, October 11th. Zacks Investment Research raised shares of Shutterfly from a “hold” rating to a “strong-buy” rating and set a $57.00 price target on the stock in a report on Friday, July 28th. BidaskClub lowered shares of Shutterfly from a “sell” rating to a “strong sell” rating in a report on Saturday, August 5th. SunTrust Banks, Inc. assumed coverage on shares of Shutterfly in a report on Tuesday, August 15th. They issued a “buy” rating and a $56.00 price target on the stock. Finally, ValuEngine lowered shares of Shutterfly from a “hold” rating to a “sell” rating in a report on Wednesday, September 6th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $53.50.
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.
Receive News & Ratings for Shutterfly Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Shutterfly Inc. and related companies with MarketBeat.com's FREE daily email newsletter.