Villanova Investment Management Co LLC cut its holdings in shares of Shutterstock, Inc. (NYSE:SSTK - Free Report) by 64.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 26,210 shares of the business services provider's stock after selling 48,567 shares during the quarter. Villanova Investment Management Co LLC owned about 0.07% of Shutterstock worth $488,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in SSTK. Performa Ltd US LLC acquired a new position in Shutterstock in the 1st quarter valued at $25,000. Versant Capital Management Inc grew its holdings in Shutterstock by 1,908.6% in the 1st quarter. Versant Capital Management Inc now owns 1,406 shares of the business services provider's stock valued at $26,000 after buying an additional 1,336 shares in the last quarter. HHM Wealth Advisors LLC acquired a new position in Shutterstock in the 1st quarter valued at $28,000. CWM LLC grew its holdings in Shutterstock by 93.8% in the 1st 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, Palouse Capital Management Inc. grew its holdings in Shutterstock by 33.8% in the 1st quarter. Palouse Capital Management Inc. now owns 5,830 shares of the business services provider's stock valued at $109,000 after buying an additional 1,473 shares in the last quarter. 82.79% of the stock is owned by institutional investors and hedge funds.
Shutterstock Price Performance
Shares of SSTK stock traded down $0.19 on Friday, hitting $20.96. 137,677 shares of the company's stock were exchanged, compared to its average volume of 190,787. 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, Inc. has a 12 month low of $14.35 and a 12 month high of $38.80. The stock has a market cap of $743.45 million, a P/E ratio of 11.58 and a beta of 1.05. The company has a 50 day moving average of $20.22 and a 200 day moving average of $18.89.
Shutterstock (NYSE:SSTK - Get Free Report) last announced its quarterly earnings data 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). Shutterstock had a return on equity of 18.42% and a net margin of 6.36%.The business had revenue of $266.99 million for the quarter, compared to the consensus estimate of $248.27 million. During the same quarter in the prior year, the company earned $1.00 earnings per share. Shutterstock's quarterly revenue was up 21.3% compared to the same quarter last year. On average, equities research analysts predict that Shutterstock, Inc. will post 3.12 EPS for the current year.
Shutterstock Announces Dividend
The company 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. The ex-dividend date is Thursday, September 4th. This represents a $1.32 annualized dividend and a yield of 6.3%. Shutterstock's dividend payout ratio (DPR) is currently 72.93%.
Analyst Ratings Changes
A number of research firms have recently weighed in on SSTK. Wall Street Zen downgraded Shutterstock from a "buy" rating to a "hold" rating in a research report on Saturday. Needham & Company LLC cut their target price on Shutterstock from $30.00 to $25.00 and set a "buy" rating for the company in a research report on Monday, June 2nd. One 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, the stock has a consensus rating of "Hold" and a consensus price target of $43.67.
Read Our Latest Report on SSTK
Shutterstock Company Profile
(
Free Report)
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.
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