Stifel Financial Corp Purchases 1,149 Shares of Shutterfly, Inc. (SFLY)

Stifel Financial Corp lifted its position in shares of Shutterfly, Inc. (NASDAQ:SFLY) by 12.1% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 10,611 shares of the technology company’s stock after acquiring an additional 1,149 shares during the period. Stifel Financial Corp’s holdings in Shutterfly were worth $504,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in shares of Shutterfly by 2.3% during the second quarter. Vanguard Group Inc. now owns 2,903,180 shares of the technology company’s stock worth $137,902,000 after acquiring an additional 64,361 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Shutterfly by 1.6% during the second quarter. Dimensional Fund Advisors LP now owns 1,244,827 shares of the technology company’s stock worth $59,130,000 after acquiring an additional 19,717 shares during the last quarter. State Street Corp grew its position in shares of Shutterfly by 25.2% during the first quarter. State Street Corp now owns 942,085 shares of the technology company’s stock worth $45,498,000 after acquiring an additional 189,583 shares during the last quarter. Rice Hall James & Associates LLC grew its position in shares of Shutterfly by 25.8% during the second quarter. Rice Hall James & Associates LLC now owns 469,086 shares of the technology company’s stock worth $22,282,000 after acquiring an additional 96,231 shares during the last quarter. Finally, Old Mutual Global Investors UK Ltd. grew its position in shares of Shutterfly by 181.5% during the second quarter. Old Mutual Global Investors UK Ltd. now owns 432,933 shares of the technology company’s stock worth $20,564,000 after acquiring an additional 279,115 shares during the last quarter.

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Several equities analysts have recently commented on the stock. Zacks Investment Research upgraded shares of Shutterfly from a “hold” rating to a “strong-buy” rating and set a $57.00 price target for the company in a research report on Friday, July 28th. Aegis restated a “buy” rating and set a $56.00 price target on shares of Shutterfly in a research report on Tuesday, October 24th. ValuEngine upgraded shares of Shutterfly from a “sell” rating to a “hold” rating in a research report on Friday, September 22nd. Goldman Sachs Group, Inc. (The) reiterated a “neutral” rating and issued a $47.00 target price on shares of Shutterfly in a research report on Wednesday, October 11th. Finally, BidaskClub lowered shares of Shutterfly from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 5th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $53.50.

Shares of Shutterfly, Inc. (NASDAQ:SFLY) opened at 42.07 on Tuesday. The firm has a 50-day moving average of $47.84 and a 200-day moving average of $48.31. Shutterfly, Inc. has a one year low of $41.31 and a one year high of $53.99. The firm has a market capitalization of $1.40 billion, a P/E ratio of 256.52 and a beta of 0.90.

Shutterfly (NASDAQ:SFLY) last announced its quarterly earnings data on Tuesday, October 24th. The technology company reported ($0.78) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.79) by $0.01. The firm had revenue of $195.44 million during the quarter, compared to analyst estimates of $191.65 million. Shutterfly had a return on equity of 4.66% and a net margin of 0.81%. The company’s revenue was up 4.3% on a year-over-year basis. During the same period last year, the company earned ($0.86) earnings per share. On average, equities analysts predict that Shutterfly, Inc. will post $0.42 earnings per share for the current fiscal year.

In other news, VP Jason Sebring sold 644 shares of the business’s stock in a transaction dated Monday, September 18th. The stock was sold at an average price of $48.30, for a total transaction of $31,105.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Ishantha Lokuge sold 7,162 shares of the business’s stock in a transaction dated Friday, October 20th. The stock was sold at an average price of $48.85, for a total value of $349,863.70. Following the transaction, the senior vice president now owns 7,162 shares of the company’s stock, valued at $349,863.70. The disclosure for this sale can be found here. Over the last quarter, insiders sold 11,894 shares of company stock valued at $576,159. Corporate insiders own 5.70% of the company’s stock.

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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