Marshall Wace LLP Buys New Holdings in Shutterfly, Inc. (NASDAQ:SFLY)

Marshall Wace LLP acquired a new position in Shutterfly, Inc. (NASDAQ:SFLY) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 112,953 shares of the technology company’s stock, valued at approximately $4,590,000. Marshall Wace LLP owned approximately 0.33% of Shutterfly at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Rhumbline Advisers boosted its stake in Shutterfly by 21.4% during the 4th quarter. Rhumbline Advisers now owns 95,787 shares of the technology company’s stock valued at $3,856,000 after purchasing an additional 16,888 shares during the last quarter. Canada Pension Plan Investment Board boosted its stake in Shutterfly by 237.9% during the 4th quarter. Canada Pension Plan Investment Board now owns 409,700 shares of the technology company’s stock valued at $16,493,000 after purchasing an additional 288,460 shares during the last quarter. Oregon Public Employees Retirement Fund acquired a new position in Shutterfly during the 4th quarter valued at about $514,000. Piedmont Investment Advisors Inc. boosted its stake in shares of Shutterfly by 3.8% in the 4th quarter. Piedmont Investment Advisors Inc. now owns 7,995 shares of the technology company’s stock worth $322,000 after buying an additional 292 shares during the last quarter. Finally, California Public Employees Retirement System boosted its stake in shares of Shutterfly by 28.7% in the 4th quarter. California Public Employees Retirement System now owns 76,370 shares of the technology company’s stock worth $3,075,000 after buying an additional 17,011 shares during the last quarter.

In related news, CEO Michael Meek sold 941 shares of the business’s stock in a transaction that occurred on Wednesday, April 17th. The shares were sold at an average price of $40.46, for a total transaction of $38,072.86. Following the completion of the transaction, the chief executive officer now owns 3,081 shares in the company, valued at approximately $124,657.26. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Christopher North sold 26,753 shares of the business’s stock in a transaction that occurred on Friday, May 31st. The stock was sold at an average price of $48.03, for a total transaction of $1,284,946.59. Following the transaction, the chief executive officer now owns 87,327 shares of the company’s stock, valued at approximately $4,194,315.81. The disclosure for this sale can be found here. Insiders have sold a total of 77,054 shares of company stock worth $3,847,461 over the last 90 days. Insiders own 2.40% of the company’s stock.

NASDAQ SFLY traded down $0.01 during trading on Friday, hitting $50.54. 482,197 shares of the company’s stock traded hands, compared to its average volume of 741,688. Shutterfly, Inc. has a 12-month low of $35.08 and a 12-month high of $92.10. The firm has a market cap of $1.73 billion, a price-to-earnings ratio of 16.57 and a beta of 1.20. The business’s fifty day moving average price is $49.82. The company has a debt-to-equity ratio of 1.61, a quick ratio of 1.13 and a current ratio of 1.20.

Shutterfly (NASDAQ:SFLY) last announced its earnings results on Thursday, April 25th. The technology company reported ($2.47) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($2.53) by $0.06. Shutterfly had a negative net margin of 0.29% and a positive return on equity of 8.20%. The business had revenue of $324.68 million during the quarter, compared to the consensus estimate of $323.12 million. During the same quarter last year, the firm earned ($0.83) earnings per share. The business’s revenue for the quarter was up 62.6% on a year-over-year basis. On average, sell-side analysts anticipate that Shutterfly, Inc. will post 0.81 earnings per share for the current year.

SFLY has been the topic of a number of research reports. ValuEngine cut shares of W&T Offshore from a “hold” rating to a “sell” rating in a report on Friday, April 26th. Zacks Investment Research cut shares of Glu Mobile from a “buy” rating to a “hold” rating in a report on Tuesday, April 9th. Aegis cut shares of Shutterfly from a “buy” rating to a “hold” rating in a report on Monday, June 17th. Goldman Sachs Group raised shares of Las Vegas Sands to a “buy” rating in a report on Tuesday, June 11th. Finally, SunTrust Banks cut shares of Shutterfly from a “buy” rating to a “hold” rating and set a $57.00 price target on the stock. in a report on Monday, June 10th. One equities research analyst has rated the stock with a sell rating and eight have issued a hold rating to the company’s stock. Shutterfly has an average rating of “Hold” and an average target price of $54.00.

Shutterfly Profile

Shutterfly, Inc manufactures and retails personalized products primarily in the United States, Canada, and the European Community. The company operates through three reportable segments: Shutterfly Consumer, Lifetouch, and Shutterfly Business Solutions. The Shutterfly Consumer segment provides products, such as portraits, cards and stationery items, professionally-bound photo books and year books, personalized gifts and home décor products, and calendars and prints; and mugs, ornaments, candles, pillows, and blankets through the Shutterfly, Tiny Prints, and Groovebook domains, as well as rents photographic and video equipment under BorrowLenses brand.

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Institutional Ownership by Quarter for Shutterfly (NASDAQ:SFLY)

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