Shutterfly, Inc. (SFLY) Shares Bought by Ameriprise Financial Inc.

Ameriprise Financial Inc. boosted its stake in shares of Shutterfly, Inc. (NASDAQ:SFLY) by 17.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 208,554 shares of the technology company’s stock after purchasing an additional 31,581 shares during the period. Ameriprise Financial Inc. owned approximately 0.63% of Shutterfly worth $9,906,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the business. Louisiana State Employees Retirement System boosted its holdings in shares of Shutterfly by 0.7% in the 2nd quarter. Louisiana State Employees Retirement System now owns 13,800 shares of the technology company’s stock valued at $656,000 after acquiring an additional 100 shares during the last quarter. Arizona State Retirement System boosted its holdings in shares of Shutterfly by 0.6% in the 2nd quarter. Arizona State Retirement System now owns 17,600 shares of the technology company’s stock valued at $836,000 after acquiring an additional 100 shares during the last quarter. Nisa Investment Advisors LLC boosted its holdings in shares of Shutterfly by 1.7% in the 2nd quarter. Nisa Investment Advisors LLC now owns 9,160 shares of the technology company’s stock valued at $449,000 after acquiring an additional 150 shares during the last quarter. Municipal Employees Retirement System of Michigan boosted its holdings in shares of Shutterfly by 2.6% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 7,940 shares of the technology company’s stock valued at $377,000 after acquiring an additional 200 shares during the last quarter. Finally, Texas Permanent School Fund boosted its holdings in shares of Shutterfly by 1.2% in the 2nd quarter. Texas Permanent School Fund now owns 24,652 shares of the technology company’s stock valued at $1,171,000 after acquiring an additional 288 shares during the last quarter.

Shares of Shutterfly, Inc. (NASDAQ:SFLY) opened at 48.40 on Friday. The company’s 50-day moving average is $47.45 and its 200-day moving average is $48.41. The stock has a market capitalization of $1.61 billion, a P/E ratio of 295.12 and a beta of 0.90. Shutterfly, Inc. has a one year low of $41.91 and a one year high of $53.99.

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

SFLY has been the topic of several recent research reports. ValuEngine downgraded shares of Shutterfly from a “hold” rating to a “sell” rating in a report on Wednesday, September 6th. Goldman Sachs Group, Inc. (The) reaffirmed a “neutral” rating and issued a $47.00 price objective on shares of Shutterfly in a report on Wednesday. Zacks Investment Research raised shares of Shutterfly from a “hold” rating to a “strong-buy” rating and set a $57.00 price objective on the stock in a report on Friday, July 28th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $53.00 price objective on shares of Shutterfly in a report on Friday, August 4th. Finally, SunTrust Banks, Inc. initiated coverage on shares of Shutterfly in a report on Tuesday, August 15th. They issued a “buy” rating and a $56.00 price objective on the stock. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $53.45.

In related news, insider Lisa Blackwood-Kapral sold 1,250 shares of Shutterfly stock in a transaction on Thursday, August 17th. The shares were sold at an average price of $46.56, for a total value of $58,200.00. Following the transaction, the insider now directly owns 1,250 shares in the company, valued at approximately $58,200. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Jason Sebring sold 644 shares of Shutterfly 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. Company insiders own 5.70% of the company’s stock.

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Shutterfly 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.

Institutional Ownership by Quarter for Shutterfly (NASDAQ:SFLY)

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