Dupont Capital Management Corp Invests $311,000 in Shutterfly, Inc. (SFLY)
Dupont Capital Management Corp bought a new stake in Shutterfly, Inc. (NASDAQ:SFLY) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 6,537 shares of the technology company’s stock, valued at approximately $311,000.
Several other large investors also recently modified their holdings of SFLY. Elkfork Partners LLC bought a new stake in shares of Shutterfly during the first quarter valued at approximately $116,000. LS Investment Advisors LLC raised its stake in shares of Shutterfly by 132.9% in the second quarter. LS Investment Advisors LLC now owns 2,888 shares of the technology company’s stock valued at $137,000 after buying an additional 1,648 shares during the last quarter. Meadow Creek Investment Management LLC bought a new stake in shares of Shutterfly during the first quarter valued at approximately $141,000. Ameritas Investment Partners Inc. bought a new stake in shares of Shutterfly during the first quarter valued at approximately $144,000. Finally, State of Alaska Department of Revenue bought a new stake in shares of Shutterfly during the first quarter valued at approximately $180,000.
Shares of Shutterfly, Inc. (NASDAQ:SFLY) opened at 44.96 on Wednesday. Shutterfly, Inc. has a 52-week low of $41.91 and a 52-week high of $53.99. The company has a 50 day moving average of $46.99 and a 200 day moving average of $48.05. The stock has a market capitalization of $1.50 billion, a price-to-earnings ratio of 274.15 and a beta of 0.85.
Shutterfly (NASDAQ:SFLY) last released its quarterly earnings data on Tuesday, July 25th. The technology company reported ($0.68) EPS for the quarter, missing analysts’ consensus estimates of ($0.55) by $0.13. The company had revenue of $209.03 million during the quarter, compared to the consensus estimate of $209.46 million. Shutterfly had a net margin of 0.50% and a return on equity of 3.61%. The company’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.48) EPS. Analysts predict that Shutterfly, Inc. will post $0.47 EPS for the current fiscal year.
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Several brokerages have commented on SFLY. ValuEngine upgraded shares of Shutterfly from a “sell” rating to a “hold” rating in a research report on Tuesday, June 6th. Zacks Investment Research upgraded shares of Shutterfly from a “hold” rating to a “strong-buy” rating and set a $54.00 target price on the stock in a research report on Wednesday, June 28th. BidaskClub lowered shares of Shutterfly from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 5th. Cantor Fitzgerald restated a “buy” rating and set a $57.00 target price on shares of Shutterfly in a research report on Tuesday, May 16th. Finally, SunTrust Banks, Inc. began coverage on shares of Shutterfly in a research report on Tuesday, August 15th. They set a “buy” rating and a $56.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $54.10.
In related news, CEO Christopher North sold 27,606 shares of the company’s stock in a transaction dated Friday, June 2nd. The stock was sold at an average price of $49.66, for a total value of $1,370,913.96. Following the completion of the sale, the chief executive officer now owns 40,000 shares in the company, valued at $1,986,400. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Tracy Layney sold 21,750 shares of the company’s stock in a transaction dated Monday, June 19th. The shares were sold at an average price of $48.60, for a total value of $1,057,050.00. Following the completion of the sale, the senior vice president now owns 43,500 shares of the company’s stock, valued at approximately $2,114,100. The disclosure for this sale can be found here. Insiders sold 59,878 shares of company stock valued at $2,933,912 in the last quarter. 5.70% of the stock is currently owned by corporate insiders.
Shutterfly, Inc is an online manufacturer and retailer of personalized products and services. The Company focuses on helping consumers manage their memories through the medium of photography. The Company’s segments are Consumer and Shutterfly Business Solutions (SBS). The Consumer segment offers photo-based products, such as photo books, stationery and greeting cards, other photo-based merchandise, photo prints and statement gifts.
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