Universal Beteiligungs und Servicegesellschaft mbH Boosts Holdings in Shutterstock, Inc. (NYSE:SSTK)

Universal Beteiligungs und Servicegesellschaft mbH boosted its stake in Shutterstock, Inc. (NYSE:SSTK) by 26.1% in the first quarter, Holdings Channel reports. The fund owned 112,800 shares of the business services provider’s stock after buying an additional 23,314 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Shutterstock were worth $2,101,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. Covestor Ltd increased its holdings in shares of Shutterstock by 11.3% during the fourth 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 during the period. Snowden Capital Advisors LLC raised its stake in shares of Shutterstock by 5.4% during the 4th quarter. Snowden Capital Advisors LLC now owns 10,701 shares of the business services provider’s stock worth $325,000 after purchasing an additional 548 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in shares of Shutterstock by 11.5% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 6,636 shares of the business services provider’s stock valued at $201,000 after acquiring an additional 682 shares in the last quarter. CWM LLC raised its stake in shares of 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 acquiring an additional 876 shares in the last quarter. Finally, KBC Group NV grew its holdings in Shutterstock by 1.4% in the 1st quarter. KBC Group NV now owns 67,003 shares of the business services provider’s stock valued at $1,248,000 after buying an additional 934 shares during the last quarter. 82.79% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently commented on the company. Wall Street Zen raised Shutterstock to a “hold” rating in a research note on Saturday, June 14th. Needham & Company LLC dropped their target price on Shutterstock from $30.00 to $25.00 and set a “buy” rating on the stock in a report on Monday, June 2nd. Finally, JMP Securities restated a “market perform” rating on shares of Shutterstock in a research note on Monday, May 5th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $43.67.

Shutterstock Trading Down 3.2%

Shares of SSTK stock opened at $19.68 on Thursday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.43 and a current ratio of 0.43. Shutterstock, Inc. has a fifty-two week low of $14.35 and a fifty-two week high of $46.10. The company has a market cap of $693.72 million, a PE ratio of 10.87 and a beta of 1.15. The stock’s fifty day moving average price is $18.87 and its two-hundred day moving average price is $20.78.

Shutterstock (NYSE:SSTK) last announced its earnings results on Tuesday, July 29th. The business services provider reported $1.19 EPS for the quarter, missing the consensus estimate of $1.65 by ($0.46). Shutterstock had a return on equity of 18.92% and a net margin of 6.36%. The company had revenue of $266.99 million for the quarter, compared to analyst estimates of $248.27 million. During the same period in the previous year, the firm posted $1.00 earnings per share. The firm’s quarterly revenue was up 21.3% compared to the same quarter last year. Equities analysts predict that Shutterstock, Inc. will post 3.12 EPS for the current fiscal year.

Shutterstock Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 18th. Shareholders of record on Thursday, September 4th will be paid a dividend of $0.33 per share. The ex-dividend date is Thursday, September 4th. This represents a $1.32 dividend on an annualized basis and a yield of 6.71%. Shutterstock’s dividend payout ratio (DPR) is currently 121.10%.

Shutterstock Profile

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.