Universal Beteiligungs und Servicegesellschaft mbH Increases Stock Position in Shutterstock, Inc. (NYSE:SSTK)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH increased its stake in Shutterstock, Inc. by 26.1%, owning 112,800 shares valued at approximately $2,101,000 following additional purchases.
• Shutterstock announced a quarterly dividend of $0.33 per share, yielding 6.71%, despite having a payout ratio of 121.10%.
• The company reported earnings per share (EPS) of $1.19 for the last quarter, missing estimates by $0.46, although revenue increased by 21.3% year-over-year.

Universal Beteiligungs und Servicegesellschaft mbH lifted its stake in shares of Shutterstock, Inc. (NYSE:SSTK - Free Report) by 26.1% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 112,800 shares of the business services provider's stock after acquiring an additional 23,314 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned 0.32% of Shutterstock worth $2,101,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of SSTK. Dimensional Fund Advisors LP raised its holdings in Shutterstock by 22.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,018,231 shares of the business services provider's stock worth $30,904,000 after buying an additional 189,015 shares during the last quarter. Rice Hall James & Associates LLC raised its holdings in Shutterstock by 21.7% during the first quarter. Rice Hall James & Associates LLC now owns 666,348 shares of the business services provider's stock worth $12,414,000 after buying an additional 118,828 shares during the last quarter. Invenomic Capital Management LP raised its holdings in Shutterstock by 28.1% during the fourth quarter. Invenomic Capital Management LP now owns 601,490 shares of the business services provider's stock worth $18,255,000 after buying an additional 132,055 shares during the last quarter. Boston Trust Walden Corp raised its holdings in Shutterstock by 1.2% during the first quarter. Boston Trust Walden Corp now owns 557,583 shares of the business services provider's stock worth $10,388,000 after buying an additional 6,866 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in Shutterstock by 13.8% during the fourth quarter. Ameriprise Financial Inc. now owns 433,950 shares of the business services provider's stock worth $13,170,000 after buying an additional 52,682 shares during the last quarter. Institutional investors and hedge funds own 82.79% of the company's stock.

Analyst Ratings Changes

SSTK has been the subject of several recent analyst reports. JMP Securities reiterated a "market perform" rating on shares of Shutterstock in a research note on Monday, May 5th. Needham & Company LLC reduced their target price on shares of Shutterstock from $30.00 to $25.00 and set a "buy" rating for the company in a research note on Monday, June 2nd. Finally, Wall Street Zen upgraded shares of Shutterstock to a "hold" rating in a research note on Saturday, June 14th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $43.67.

Shutterstock Price Performance

Shares of Shutterstock stock traded down $0.47 on Friday, reaching $18.69. The stock had a trading volume of 279,029 shares, compared to its average volume of 473,651. Shutterstock, Inc. has a 1 year low of $14.35 and a 1 year high of $40.49. The company has a market cap of $662.93 million, a P/E ratio of 10.33 and a beta of 1.15. The company has a current ratio of 0.49, a quick ratio of 0.43 and a debt-to-equity ratio of 0.20. The business's 50 day moving average is $18.88 and its two-hundred day moving average is $20.71.

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

Shutterstock Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 18th. Investors of record on Thursday, September 4th will be paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 7.1%. The ex-dividend date of this dividend is Thursday, September 4th. Shutterstock's dividend payout ratio (DPR) is currently 121.10%.

Shutterstock 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.