Universal Beteiligungs und Servicegesellschaft mbH Buys Shares of 89,486 Shutterstock, Inc. (NYSE:SSTK)

Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Shutterstock, Inc. (NYSE:SSTK - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 89,486 shares of the business services provider's stock, valued at approximately $2,716,000. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.26% of Shutterstock as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Amundi grew its position in shares of Shutterstock by 26.2% during the fourth quarter. Amundi now owns 2,350 shares of the business services provider's stock worth $71,000 after buying an additional 488 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in Shutterstock by 167.6% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,499 shares of the business services provider's stock valued at $76,000 after acquiring an additional 1,565 shares during the last quarter. Palouse Capital Management Inc. grew its holdings in Shutterstock by 13.7% during the 4th quarter. Palouse Capital Management Inc. now owns 4,357 shares of the business services provider's stock worth $132,000 after acquiring an additional 525 shares in the last quarter. KLP Kapitalforvaltning AS bought a new stake in shares of Shutterstock in the 4th quarter worth about $134,000. Finally, Covestor Ltd increased its position in shares of Shutterstock by 11.3% in the 4th quarter. Covestor Ltd now owns 5,092 shares of the business services provider's stock worth $155,000 after purchasing an additional 515 shares during the last quarter. 82.79% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently commented on SSTK. Wall Street Zen initiated coverage on shares of Shutterstock in a research report on Wednesday, May 21st. They set a "buy" rating on the stock. Truist Financial cut Shutterstock from a "buy" rating to a "hold" rating in a research note on Tuesday, February 25th. JMP Securities reaffirmed a "market perform" rating on shares of Shutterstock in a report on Monday, May 5th. Finally, 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 report on Monday. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $43.67.

Shutterstock Stock Performance

Shares of Shutterstock stock traded down $0.18 during trading hours on Wednesday, reaching $18.31. The company's stock had a trading volume of 320,781 shares, compared to its average volume of 514,288. Shutterstock, Inc. has a one year low of $14.35 and a one year high of $46.10. The company's 50 day simple moving average is $17.20 and its 200 day simple moving average is $24.18. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.42 and a current ratio of 0.42. The stock has a market cap of $645.50 million, a P/E ratio of 17.95 and a beta of 1.10.

Shutterstock (NYSE:SSTK - Get Free Report) last released its quarterly earnings data on Friday, May 2nd. The business services provider reported $1.03 earnings per share for the quarter, missing the consensus estimate of $1.26 by ($0.23). Shutterstock had a return on equity of 20.39% and a net margin of 4.03%. The business had revenue of $242.62 million for the quarter, compared to analyst estimates of $249.44 million. During the same quarter last year, the company earned $1.13 EPS. Shutterstock's revenue was up 13.2% compared to the same quarter last year. As a group, analysts expect that Shutterstock, Inc. will post 3.12 EPS for the current fiscal year.

Shutterstock Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 19th. Investors of record on Thursday, June 5th will be issued a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 7.21%. The ex-dividend date of this dividend is Thursday, June 5th. Shutterstock's dividend payout ratio (DPR) is 121.10%.

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.