Universal Beteiligungs und Servicegesellschaft mbH Sells 50,000 Shares of Shutterstock, Inc. $SSTK

Universal Beteiligungs und Servicegesellschaft mbH lessened its stake in shares of Shutterstock, Inc. (NYSE:SSTK) by 44.1% in the 4th quarter, HoldingsChannel.com reports. The firm owned 63,450 shares of the business services provider’s stock after selling 50,000 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Shutterstock were worth $1,212,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the stock. Byrne Asset Management LLC grew its holdings in Shutterstock by 10.7% during the third quarter. Byrne Asset Management LLC now owns 4,272 shares of the business services provider’s stock valued at $89,000 after purchasing an additional 412 shares during the period. WealthCollab LLC grew its holdings in Shutterstock by 40.7% during the third quarter. WealthCollab LLC now owns 2,043 shares of the business services provider’s stock valued at $43,000 after purchasing an additional 591 shares during the period. Illinois Municipal Retirement Fund grew its holdings in Shutterstock by 5.1% during the third quarter. Illinois Municipal Retirement Fund now owns 12,852 shares of the business services provider’s stock valued at $268,000 after purchasing an additional 628 shares during the period. Covestor Ltd grew its holdings in Shutterstock by 31.5% during the third quarter. Covestor Ltd now owns 2,951 shares of the business services provider’s stock valued at $62,000 after purchasing an additional 707 shares during the period. Finally, CWM LLC grew its holdings in Shutterstock by 6.8% during the third quarter. CWM LLC now owns 11,167 shares of the business services provider’s stock valued at $233,000 after purchasing an additional 714 shares during the period. Institutional investors own 82.79% of the company’s stock.

Shutterstock Price Performance

NYSE:SSTK opened at $16.70 on Friday. The company has a current ratio of 0.51, a quick ratio of 0.54 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $613.56 million, a P/E ratio of -28.79 and a beta of 1.11. Shutterstock, Inc. has a 12 month low of $14.36 and a 12 month high of $29.50. The business’s 50-day moving average is $16.87 and its 200 day moving average is $19.03.

Shutterstock (NYSE:SSTK) last posted its earnings results on Tuesday, February 17th. The business services provider reported $0.67 EPS for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.38). The firm had revenue of $220.22 million during the quarter, compared to analysts’ expectations of $252.28 million. Shutterstock had a positive return on equity of 14.12% and a negative net margin of 2.19%.Shutterstock’s quarterly revenue was down 12.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.67 earnings per share. On average, equities research analysts forecast that Shutterstock, Inc. will post 2.73 earnings per share for the current fiscal year.

Shutterstock Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Thursday, June 4th will be given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 8.6%. The ex-dividend date is Thursday, June 4th. Shutterstock’s payout ratio is currently -248.28%.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Weiss Ratings reissued a “hold (c-)” rating on shares of Shutterstock in a report on Monday, April 20th. Zacks Research raised Shutterstock from a “strong sell” rating to a “hold” rating in a report on Monday, January 26th. Finally, Wall Street Zen lowered Shutterstock from a “hold” rating to a “sell” rating in a report on Saturday. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, Shutterstock presently has a consensus rating of “Hold” and an average target price of $25.00.

Shutterstock Profile

Shutterstock, Inc (NYSE:SSTK) operates a leading global creative platform that provides royalty-free stock content to businesses, marketing agencies and media outlets. Its primary offerings include high-resolution photographs, vector graphics, illustrations, video footage and music tracks, all available through subscription plans or on-demand licensing. The platform also features customizable design tools and collaborative workspaces that enable customers to create and manage visual content more efficiently.

Founded in 2003 by Jon Oringer, Shutterstock began as an online marketplace offering a modest selection of images and quickly scaled its library to hundreds of millions of assets.