Nomura Holdings Inc. Makes New $393,000 Investment 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. bought a new position in Shutterstock, Inc. (NYSE:SSTK - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 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.

Other institutional investors have also made changes to their positions in the company. Wealth Enhancement Advisory Services LLC increased its position in shares of 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. Janney Montgomery Scott LLC increased its position in shares of Shutterstock by 159.8% in the first quarter. Janney Montgomery Scott LLC now owns 78,652 shares of the business services provider's stock worth $1,465,000 after acquiring an additional 48,382 shares in the last quarter. Victory Capital Management Inc. increased its position in shares of Shutterstock by 33.3% in the first quarter. Victory Capital Management Inc. now owns 55,137 shares of the business services provider's stock worth $1,027,000 after acquiring an additional 13,767 shares in the last quarter. Millennium Management LLC increased its position in shares of Shutterstock by 77.6% in the fourth quarter. Millennium Management LLC now owns 299,412 shares of the business services provider's stock worth $9,087,000 after acquiring an additional 130,831 shares in the last quarter. Finally, Assenagon Asset Management S.A. purchased a new position in shares of Shutterstock in the first quarter worth approximately $633,000. 82.79% of the stock is owned by hedge funds and other institutional investors.

Shutterstock Stock Down 0.8%

SSTK traded down $0.16 on Tuesday, reaching $20.25. 108,040 shares of the company traded hands, compared to its average volume of 437,982. The stock's 50 day moving average price is $20.17 and its 200-day moving average price is $18.94. Shutterstock, Inc. has a 52-week low of $14.35 and a 52-week high of $38.80. The company has a market cap of $718.35 million, a price-to-earnings ratio of 11.19 and a beta of 1.05. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.49 and a quick ratio of 0.49.

Shutterstock (NYSE:SSTK - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The business services provider reported $1.19 EPS for the quarter, missing analysts' consensus estimates of $1.65 by ($0.46). Shutterstock had a net margin of 6.36% and a return on equity of 18.42%. The company had revenue of $266.99 million for the quarter, compared to analysts' expectations of $248.27 million. During the same period in the previous year, the firm posted $1.00 earnings per share. The business's revenue for the quarter was up 21.3% on a year-over-year basis. On average, sell-side analysts expect that Shutterstock, Inc. will post 3.12 EPS for the current fiscal year.

Shutterstock Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 18th. Shareholders of record on Thursday, September 4th will be given a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 6.5%. The ex-dividend date of this dividend is Thursday, September 4th. Shutterstock's payout ratio is currently 72.93%.

Analyst Ratings Changes

Several research analysts have recently weighed in on SSTK shares. Needham & Company LLC dropped their target price on shares of Shutterstock from $30.00 to $25.00 and set a "buy" rating on the stock in a research report on Monday, June 2nd. Wall Street Zen raised 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 assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $43.67.

Shutterstock Company Profile

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.