Engine Capital Management LLC bought a new position in Shutterfly, Inc. (NASDAQ:SFLY) during the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 110,517 shares of the technology company’s stock, valued at approximately $5,498,000. Shutterfly comprises about 3.0% of Engine Capital Management LLC’s holdings, making the stock its 9th largest holding.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in SFLY. Bessemer Group Inc. acquired a new position in Shutterfly during the third quarter valued at approximately $112,000. SG Americas Securities LLC acquired a new position in Shutterfly during the third quarter valued at approximately $162,000. Buckhead Capital Management LLC acquired a new position in Shutterfly during the fourth quarter valued at approximately $204,000. Meadow Creek Investment Management LLC lifted its position in Shutterfly by 13.4% during the fourth quarter. Meadow Creek Investment Management LLC now owns 6,052 shares of the technology company’s stock valued at $301,000 after buying an additional 714 shares in the last quarter. Finally, Wedge Capital Management L L P NC lifted its position in Shutterfly by 24.8% during the fourth quarter. Wedge Capital Management L L P NC now owns 6,937 shares of the technology company’s stock valued at $345,000 after buying an additional 1,377 shares in the last quarter.
In other Shutterfly news, CEO Christopher North sold 170,000 shares of the business’s stock in a transaction on 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 in the company, valued at $6,599,417.44. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Lisa Blackwood-Kapral sold 992 shares of the business’s stock in a transaction on Friday, March 9th. The shares were sold at an average price of $84.37, for a total transaction of $83,695.04. The disclosure for this sale can be found here. In the last quarter, insiders have sold 271,209 shares of company stock valued at $19,135,865. 0.80% of the stock is owned by insiders.
Shares of Shutterfly, Inc. (NASDAQ:SFLY) opened at $85.00 on Tuesday. The company has a quick ratio of 1.38, a current ratio of 1.40 and a debt-to-equity ratio of 0.53. The stock has a market cap of $2,787.68, a price-to-earnings ratio of 91.31 and a beta of 0.93. Shutterfly, Inc. has a 12 month low of $39.76 and a 12 month high of $86.31.
Shutterfly (NASDAQ:SFLY) last issued its quarterly earnings results on Tuesday, January 30th. The technology company reported $3.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.86 by $0.25. Shutterfly had a net margin of 2.53% and a return on equity of 6.99%. The business had revenue of $593.80 million during the quarter, compared to analyst estimates of $556.40 million. During the same quarter in the previous year, the firm earned $2.63 earnings per share. The business’s revenue was up 5.8% compared to the same quarter last year. analysts expect that Shutterfly, Inc. will post 2.09 EPS for the current year.
Shutterfly declared that its Board of Directors has initiated a stock repurchase plan on Tuesday, January 30th that permits the company to buyback shares. This buyback authorization permits the technology company to buy shares of its stock through open market purchases. Shares buyback plans are usually an indication that the company’s board believes its stock is undervalued.
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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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