Quantbot Technologies LP Purchases Shares of 2,513 Shutterfly, Inc. (SFLY)

Quantbot Technologies LP purchased a new stake in Shutterfly, Inc. (NASDAQ:SFLY) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 2,513 shares of the technology company’s stock, valued at approximately $119,000.

Other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in Shutterfly by 2.3% in the second quarter. Vanguard Group Inc. now owns 2,903,180 shares of the technology company’s stock valued at $137,902,000 after acquiring an additional 64,361 shares during the last quarter. Park West Asset Management LLC grew its position in Shutterfly by 31.0% in the first quarter. Park West Asset Management LLC now owns 2,758,936 shares of the technology company’s stock valued at $133,229,000 after acquiring an additional 652,612 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Shutterfly by 1.4% in the first quarter. Dimensional Fund Advisors LP now owns 1,225,110 shares of the technology company’s stock valued at $59,160,000 after acquiring an additional 17,189 shares during the last quarter. State Street Corp grew its position in Shutterfly by 25.2% in the first quarter. State Street Corp now owns 942,085 shares of the technology company’s stock valued at $45,498,000 after acquiring an additional 189,583 shares during the last quarter. Finally, Rice Hall James & Associates LLC grew its position in Shutterfly by 25.8% in the second quarter. Rice Hall James & Associates LLC now owns 469,086 shares of the technology company’s stock valued at $22,282,000 after acquiring an additional 96,231 shares during the last quarter.

Shares of Shutterfly, Inc. (SFLY) opened at 48.70 on Friday. The company has a market capitalization of $1.62 billion, a PE ratio of 296.95 and a beta of 0.90. The stock’s 50 day moving average price is $47.03 and its 200 day moving average price is $48.36. Shutterfly, Inc. has a 12-month low of $41.91 and a 12-month high of $53.99.

Shutterfly (NASDAQ:SFLY) last announced its quarterly earnings data on Tuesday, July 25th. The technology company reported ($0.68) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.55) by ($0.13). The business had revenue of $209.03 million during the quarter, compared to the consensus estimate of $209.46 million. Shutterfly had a net margin of 0.50% and a return on equity of 3.61%. The firm’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same quarter last year, the company earned ($0.48) EPS. On average, equities research analysts forecast that Shutterfly, Inc. will post $0.41 earnings per share for the current year.

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In other news, insider Lisa Blackwood-Kapral sold 1,250 shares of the stock in a transaction on Thursday, August 17th. The stock was sold at an average price of $46.56, for a total transaction of $58,200.00. Following the completion of the transaction, the insider now owns 1,250 shares in the company, valued at approximately $58,200. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Jason Sebring sold 644 shares of the stock in a transaction on Monday, September 18th. The stock was sold at an average price of $48.30, for a total value of $31,105.20. The disclosure for this sale can be found here. 5.70% of the stock is currently owned by corporate insiders.

A number of research analysts have issued reports on SFLY shares. BidaskClub cut Shutterfly from a “hold” rating to a “sell” rating in a research report on Saturday, June 10th. TheStreet cut Shutterfly from a “b-” rating to a “c+” rating in a research report on Tuesday, June 13th. Zacks Investment Research cut Shutterfly from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 11th. Jefferies Group LLC reiterated a “hold” rating and issued a $53.00 target price on shares of Shutterfly in a research report on Friday, August 4th. Finally, SunTrust Banks, Inc. started coverage on Shutterfly in a research report on Tuesday, August 15th. They issued a “buy” rating and a $56.00 target price on the stock. One analyst has rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the stock. Shutterfly presently has a consensus rating of “Hold” and an average price target of $54.10.

Shutterfly Company Profile

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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Institutional Ownership by Quarter for Shutterfly (NASDAQ:SFLY)

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