Nomura Holdings Inc. Takes $393,000 Position in Shutterstock, Inc. $SSTK

Key Points

• Nomura Holdings Inc. has acquired 21,085 shares of Shutterstock, Inc., valued at approximately $393,000, representing a 0.06% stake in the company.
• In recent trading, Shutterstock's stock opened at $20.12 and has a market capitalization of $713.74 million, with a 52-week high of $38.80.
• Shutterstock has announced a quarterly dividend of $0.33, resulting in an annualized dividend yield of 6.6%, which reflects a payout ratio of 72.93%.

Nomura Holdings Inc. purchased a new stake in shares of Shutterstock, Inc. (NYSE:SSTK - Free Report) in the first quarter, according to its most recent 13F filing with the SEC. The fund purchased 21,085 shares of the business services provider's stock, valued at approximately $393,000. Nomura Holdings Inc. owned approximately 0.06% of Shutterstock at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the company. Snowden Capital Advisors LLC grew its position in shares of Shutterstock by 5.4% during the 4th quarter. Snowden Capital Advisors LLC now owns 10,701 shares of the business services provider's stock valued at $325,000 after purchasing an additional 548 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its position in Shutterstock by 11.5% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 6,636 shares of the business services provider's stock worth $201,000 after acquiring an additional 682 shares in the last quarter. CWM LLC grew its position in Shutterstock by 93.8% in the first quarter. CWM LLC now owns 1,810 shares of the business services provider's stock worth $34,000 after acquiring an additional 876 shares in the last quarter. KBC Group NV grew its position in Shutterstock by 1.4% in the first quarter. KBC Group NV now owns 67,003 shares of the business services provider's stock worth $1,248,000 after acquiring an additional 934 shares in the last quarter. Finally, Vident Advisory LLC grew its position in Shutterstock by 9.1% in the fourth quarter. Vident Advisory LLC now owns 15,857 shares of the business services provider's stock worth $481,000 after acquiring an additional 1,321 shares in the last quarter. 82.79% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Needham & Company LLC cut their target price on shares of Shutterstock from $30.00 to $25.00 and set a "buy" rating for the company in a research report on Monday, June 2nd. Wall Street Zen upgraded shares of Shutterstock from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $43.67.

Shutterstock Trading Up 5.1%

Shutterstock stock traded up $1.03 during mid-day trading on Thursday, hitting $21.19. The company's stock had a trading volume of 195,994 shares, compared to its average volume of 189,858. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.49 and a quick ratio of 0.49. The stock has a market cap of $751.62 million, a price-to-earnings ratio of 11.71 and a beta of 1.05. The business has a 50 day moving average price of $20.20 and a 200-day moving average price of $18.93. Shutterstock, Inc. has a 12 month low of $14.35 and a 12 month high of $38.80.

Shutterstock (NYSE:SSTK - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The business services provider reported $1.19 earnings per share for the quarter, missing the consensus estimate of $1.65 by ($0.46). The business had revenue of $266.99 million during the quarter, compared to the consensus estimate of $248.27 million. Shutterstock had a return on equity of 18.42% and a net margin of 6.36%.The business's revenue for the quarter was up 21.3% on a year-over-year basis. During the same period in the prior year, the firm earned $1.00 earnings per share. As a group, analysts forecast that Shutterstock, Inc. will post 3.12 EPS for the current year.

Shutterstock Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 18th. Shareholders of record on Thursday, September 4th will be paid a $0.33 dividend. The ex-dividend date of this dividend is Thursday, September 4th. This represents a $1.32 annualized dividend and a yield of 6.2%. Shutterstock's payout ratio is currently 72.93%.

About Shutterstock

Shutterstock, Inc provides platform to connect brands and businesses to high quality content in North America, Europe, and internationally. The company offers image services consisting of photographs, vectors, and illustrations, which is used in visual communications, such as websites, digital and print marketing materials, corporate communications, books, publications, and others; footage services, including video clips, filmed by industry experts and cinema grade video effects in HD and 4K formats that are integrated into websites, social media, marketing campaigns, and cinematic productions; and music services comprising music tracks and sound effects, which are used to complement images and footage.