Bank of New York Mellon Corp Decreases Position in Shutterfly, Inc. (SFLY)

Bank of New York Mellon Corp decreased its position in Shutterfly, Inc. (NASDAQ:SFLY) by 3.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 449,938 shares of the technology company’s stock after selling 15,156 shares during the period. Bank of New York Mellon Corp owned 1.34% of Shutterfly worth $18,115,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Swiss National Bank grew its holdings in shares of Shutterfly by 2.0% during the 3rd quarter. Swiss National Bank now owns 54,900 shares of the technology company’s stock worth $3,617,000 after purchasing an additional 1,100 shares during the period. Teachers Retirement System of The State of Kentucky grew its holdings in shares of Shutterfly by 10.8% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 10,282 shares of the technology company’s stock worth $677,000 after purchasing an additional 1,000 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in shares of Shutterfly by 13.8% during the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 7,984 shares of the technology company’s stock worth $526,000 after purchasing an additional 970 shares during the period. BlackRock Inc. grew its holdings in shares of Shutterfly by 4.9% during the 3rd quarter. BlackRock Inc. now owns 4,777,666 shares of the technology company’s stock worth $314,799,000 after purchasing an additional 221,406 shares during the period. Finally, Rafferty Asset Management LLC purchased a new stake in shares of Shutterfly during the 3rd quarter worth about $267,000.

In related news, SVP Tracy Layney sold 4,926 shares of the company’s stock in a transaction that occurred on Tuesday, February 19th. The stock was sold at an average price of $46.25, for a total transaction of $227,827.50. Following the sale, the senior vice president now directly owns 23,535 shares of the company’s stock, valued at approximately $1,088,493.75. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Jason Sebring sold 2,396 shares of the company’s stock in a transaction that occurred on Wednesday, February 20th. The shares were sold at an average price of $46.11, for a total value of $110,479.56. Following the sale, the vice president now directly owns 2,396 shares in the company, valued at $110,479.56. The disclosure for this sale can be found here. Over the last three months, insiders have sold 28,882 shares of company stock worth $1,325,808. Corporate insiders own 1.30% of the company’s stock.

Shares of SFLY traded down $0.48 during trading on Monday, reaching $39.99. The company’s stock had a trading volume of 408,600 shares, compared to its average volume of 764,331. Shutterfly, Inc. has a twelve month low of $35.08 and a twelve month high of $100.34. The firm has a market cap of $1.37 billion, a price-to-earnings ratio of 13.11, a PEG ratio of 2.49 and a beta of 1.39. The company has a quick ratio of 1.76, a current ratio of 1.80 and a debt-to-equity ratio of 1.62.

Shutterfly (NASDAQ:SFLY) last posted its quarterly earnings results on Tuesday, February 5th. The technology company reported $5.19 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $5.28 by ($0.09). The firm had revenue of $949.97 million for the quarter, compared to analyst estimates of $951.60 million. Shutterfly had a net margin of 2.57% and a return on equity of 18.78%. The business’s revenue was up 60.0% on a year-over-year basis. During the same period in the prior year, the company posted $3.11 earnings per share. On average, equities analysts expect that Shutterfly, Inc. will post 0.74 earnings per share for the current fiscal year.

A number of brokerages have recently issued reports on SFLY. Zacks Investment Research upgraded Shutterfly from a “sell” rating to a “hold” rating in a report on Tuesday, April 9th. BidaskClub lowered Shutterfly from a “sell” rating to a “strong sell” rating in a research report on Thursday, March 14th. ValuEngine lowered Shutterfly from a “hold” rating to a “sell” rating in a research report on Saturday, March 9th. Goldman Sachs Group began coverage on Shutterfly in a research report on Monday, February 4th. They issued a “sell” rating and a $40.00 target price on the stock. Finally, SunTrust Banks cut their target price on Shutterfly to $70.00 and set a “buy” rating on the stock in a research report on Friday, February 1st. They noted that the move was a valuation call. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $70.40.

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Shutterfly Company Profile

Shutterfly, Inc manufactures and retails personalized products primarily in the United States, Canada, and the European Community. The company operates through three reportable segments: Shutterfly Consumer, Lifetouch, and Shutterfly Business Solutions. The Shutterfly Consumer segment provides products, such as portraits, cards and stationery items, professionally-bound photo books and year books, personalized gifts and home décor products, and calendars and prints; and mugs, ornaments, candles, pillows, and blankets through the Shutterfly, Tiny Prints, and Groovebook domains, as well as rents photographic and video equipment under BorrowLenses brand.

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Institutional Ownership by Quarter for Shutterfly (NASDAQ:SFLY)

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