Natixis Sells 15,500 Shares of Shutterstock, Inc. (NYSE:SSTK)

Natixis decreased its position in shares of Shutterstock, Inc. (NYSE:SSTK - Free Report) by 37.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 25,958 shares of the business services provider's stock after selling 15,500 shares during the quarter. Natixis owned approximately 0.07% of Shutterstock worth $788,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its position in shares of Shutterstock by 22.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,018,231 shares of the business services provider's stock valued at $30,904,000 after acquiring an additional 189,015 shares during the period. First Trust Advisors LP lifted its stake in Shutterstock by 5.9% in the 4th quarter. First Trust Advisors LP now owns 150,768 shares of the business services provider's stock worth $4,576,000 after purchasing an additional 8,336 shares in the last quarter. CANADA LIFE ASSURANCE Co boosted its holdings in Shutterstock by 5.7% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 32,254 shares of the business services provider's stock valued at $979,000 after purchasing an additional 1,745 shares during the period. Barclays PLC boosted its holdings in Shutterstock by 11.8% in the 4th quarter. Barclays PLC now owns 56,539 shares of the business services provider's stock valued at $1,716,000 after purchasing an additional 5,974 shares during the period. Finally, Covestor Ltd grew its position in shares of Shutterstock by 11.3% during the 4th quarter. Covestor Ltd now owns 5,092 shares of the business services provider's stock valued at $155,000 after purchasing an additional 515 shares in the last quarter. Hedge funds and other institutional investors own 82.79% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Truist Financial lowered Shutterstock from a "buy" rating to a "hold" rating in a research note on Tuesday, February 25th. JMP Securities reiterated a "market perform" rating on shares of Shutterstock in a research report on Monday, January 6th. Needham & Company LLC decreased their price objective on shares of Shutterstock from $45.00 to $30.00 and set a "buy" rating on the stock in a research report on Friday, March 7th. Finally, StockNews.com initiated coverage on shares of Shutterstock in a research report on Tuesday, April 8th. They set a "hold" rating for the company. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $45.33.

Shutterstock Price Performance

Shares of Shutterstock stock traded down $0.11 during trading on Tuesday, hitting $16.82. 46,803 shares of the stock traded hands, compared to its average volume of 539,703. The firm's fifty day moving average is $18.59 and its 200-day moving average is $26.56. The stock has a market cap of $586.74 million, a price-to-earnings ratio of 16.47 and a beta of 1.13. Shutterstock, Inc. has a 52 week low of $14.35 and a 52 week high of $46.10. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 0.23.

Shutterstock (NYSE:SSTK - Get Free Report) last issued its quarterly earnings results on Tuesday, February 25th. The business services provider reported $0.67 EPS for the quarter, missing analysts' consensus estimates of $0.92 by ($0.25). Shutterstock had a net margin of 4.03% and a return on equity of 20.39%. The business had revenue of $250.30 million for the quarter, compared to the consensus estimate of $254.16 million. During the same quarter in the previous year, the business earned $0.72 earnings per share. The firm's revenue was up 15.2% on a year-over-year basis. Research analysts expect that Shutterstock, Inc. will post 3.12 EPS for the current fiscal year.

Shutterstock Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 19th. Shareholders of record on Thursday, June 5th will be paid a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 7.85%. The ex-dividend date is Thursday, June 5th. Shutterstock's dividend payout ratio is presently 130.69%.

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.