Universal Beteiligungs und Servicegesellschaft mbH Increases Holdings 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 increased its stake in Shutterstock, Inc. (NYSE:SSTK - Free Report) by 26.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 112,800 shares of the business services provider's stock after purchasing an additional 23,314 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.32% of Shutterstock worth $2,101,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of SSTK. Segall Bryant & Hamill LLC boosted its stake in Shutterstock by 19.1% in the first quarter. Segall Bryant & Hamill LLC now owns 56,344 shares of the business services provider's stock valued at $1,050,000 after buying an additional 9,027 shares in the last quarter. Victory Capital Management Inc. boosted its stake in Shutterstock by 33.3% in the first quarter. Victory Capital Management Inc. now owns 55,137 shares of the business services provider's stock valued at $1,027,000 after buying an additional 13,767 shares in the last quarter. Rice Hall James & Associates LLC boosted its stake in Shutterstock by 21.7% in the first quarter. Rice Hall James & Associates LLC now owns 666,348 shares of the business services provider's stock valued at $12,414,000 after buying an additional 118,828 shares in the last quarter. CWM LLC boosted its stake in Shutterstock by 93.8% in the first quarter. CWM LLC now owns 1,810 shares of the business services provider's stock valued at $34,000 after buying an additional 876 shares in the last quarter. Finally, Linden Thomas Advisory Services LLC boosted its stake in Shutterstock by 18.5% in the first quarter. Linden Thomas Advisory Services LLC now owns 15,906 shares of the business services provider's stock valued at $296,000 after buying an additional 2,482 shares in the last quarter. Institutional investors own 82.79% of the company's stock.

Wall Street Analysts Forecast Growth

SSTK has been the topic of several research reports. Wall Street Zen upgraded Shutterstock from a "hold" rating to a "buy" rating in a report on Saturday. Needham & Company LLC lowered their price target on Shutterstock from $30.00 to $25.00 and set a "buy" rating for the company in a research report on Monday, June 2nd. Finally, JMP Securities restated a "market perform" rating on shares of Shutterstock in a research note on Monday, May 5th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat, Shutterstock presently has an average rating of "Hold" and a consensus price target of $43.67.

Shutterstock Price Performance

NYSE SSTK traded down $0.47 during trading hours on Friday, hitting $18.69. The company had a trading volume of 279,029 shares, compared to its average volume of 268,593. Shutterstock, Inc. has a 52 week low of $14.35 and a 52 week high of $40.49. The firm has a 50 day simple moving average of $18.90 and a 200 day simple moving average of $20.56. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.43 and a current ratio of 0.49. The firm has a market capitalization of $662.93 million, a price-to-earnings ratio of 10.33 and a beta of 0.99.

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

Shutterstock Announces Dividend

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 issued a $0.33 dividend. The ex-dividend date of this dividend is Thursday, September 4th. This represents a $1.32 annualized dividend and a dividend yield of 7.1%. Shutterstock's dividend payout ratio (DPR) is presently 72.93%.

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.