Signaturefd LLC Has $31,000 Position in Shutterstock, Inc. $SSTK

Signaturefd LLC lifted its stake in shares of Shutterstock, Inc. (NYSE:SSTK) by 10,268.8% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,659 shares of the business services provider’s stock after acquiring an additional 1,643 shares during the period. Signaturefd LLC’s holdings in Shutterstock were worth $31,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC raised its holdings in Shutterstock by 11.5% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 6,636 shares of the business services provider’s stock worth $201,000 after buying an additional 682 shares during the last quarter. GAMMA Investing LLC raised its holdings in Shutterstock by 71.8% during the second quarter. GAMMA Investing LLC now owns 1,996 shares of the business services provider’s stock worth $38,000 after buying an additional 834 shares during the last quarter. CWM LLC raised its holdings in Shutterstock by 93.8% during the first quarter. CWM LLC now owns 1,810 shares of the business services provider’s stock worth $34,000 after buying an additional 876 shares during the last quarter. KBC Group NV raised its holdings in Shutterstock by 1.4% during the first quarter. KBC Group NV now owns 67,003 shares of the business services provider’s stock worth $1,248,000 after buying an additional 934 shares during the last quarter. Finally, State of Alaska Department of Revenue raised its holdings in Shutterstock by 8.7% during the second quarter. State of Alaska Department of Revenue now owns 14,475 shares of the business services provider’s stock worth $273,000 after buying an additional 1,158 shares during the last quarter. Institutional investors and hedge funds own 82.79% of the company’s stock.

Shutterstock Price Performance

SSTK opened at $21.58 on Wednesday. The firm has a market cap of $765.44 million, a P/E ratio of 11.92 and a beta of 1.09. The firm has a 50-day moving average of $20.91 and a 200 day moving average of $19.03. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.49 and a current ratio of 0.49. Shutterstock, Inc. has a fifty-two week low of $14.35 and a fifty-two week high of $38.80.

Shutterstock (NYSE:SSTK) last posted its quarterly earnings results 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). The company had revenue of $266.99 million for the quarter, compared to the consensus estimate of $248.27 million. Shutterstock had a net margin of 6.36% and a return on equity of 18.42%. Shutterstock’s quarterly revenue was up 21.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.00 EPS. On average, research analysts expect that Shutterstock, Inc. will post 3.12 EPS for the current year.

Shutterstock Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Shareholders of record on Thursday, September 4th were given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 6.1%. The ex-dividend date was Thursday, September 4th. Shutterstock’s dividend payout ratio (DPR) is currently 72.93%.

Analysts Set New Price Targets

Several research firms have weighed in on SSTK. Weiss Ratings restated a “hold (c-)” rating on shares of Shutterstock in a report on Saturday, September 27th. Wall Street Zen upgraded shares of Shutterstock from a “hold” rating to a “buy” rating in a research note on Friday, September 26th. One investment analyst has rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $43.67.

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.