10,620 Shares in Shutterstock, Inc. (NYSE:SSTK) Purchased by SG Americas Securities LLC

SG Americas Securities LLC acquired a new position in shares of Shutterstock, Inc. (NYSE:SSTK) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 10,620 shares of the business services provider’s stock, valued at approximately $376,000.

Several other institutional investors and hedge funds also recently bought and sold shares of SSTK. Vanguard Group Inc. grew its position in Shutterstock by 1.7% during the first quarter. Vanguard Group Inc. now owns 2,926,166 shares of the business services provider’s stock valued at $134,048,000 after purchasing an additional 47,929 shares in the last quarter. TD Asset Management Inc grew its holdings in shares of Shutterstock by 13.7% during the 2nd quarter. TD Asset Management Inc now owns 1,793,925 shares of the business services provider’s stock valued at $69,425,000 after acquiring an additional 215,539 shares in the last quarter. LSV Asset Management raised its holdings in shares of Shutterstock by 30.9% during the first quarter. LSV Asset Management now owns 1,793,785 shares of the business services provider’s stock worth $82,173,000 after acquiring an additional 422,942 shares in the last quarter. Epoch Investment Partners Inc. boosted its position in Shutterstock by 22.8% during the second quarter. Epoch Investment Partners Inc. now owns 1,085,539 shares of the business services provider’s stock valued at $42,010,000 after purchasing an additional 201,391 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in Shutterstock by 4.1% in the second quarter. Dimensional Fund Advisors LP now owns 869,469 shares of the business services provider’s stock valued at $33,648,000 after purchasing an additional 34,243 shares in the last quarter. Hedge funds and other institutional investors own 82.79% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on SSTK shares. StockNews.com upgraded Shutterstock from a “hold” rating to a “buy” rating in a report on Tuesday, October 1st. Needham & Company LLC reiterated a “buy” rating and issued a $65.00 target price on shares of Shutterstock in a research note on Tuesday, August 6th. Finally, Morgan Stanley boosted their target price on shares of Shutterstock from $55.00 to $58.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 23rd.

Shutterstock Price Performance

Shares of NYSE:SSTK opened at $30.34 on Friday. The stock has a market capitalization of $1.07 billion, a P/E ratio of 23.16 and a beta of 1.09. The business has a 50-day moving average of $33.91 and a two-hundred day moving average of $37.94. Shutterstock, Inc. has a fifty-two week low of $30.26 and a fifty-two week high of $54.40.

Shutterstock (NYSE:SSTK) last posted its earnings results on Tuesday, August 6th. The business services provider reported $1.00 earnings per share for the quarter, missing the consensus estimate of $1.01 by ($0.01). Shutterstock had a return on equity of 20.45% and a net margin of 5.33%. The company had revenue of $220.05 million during the quarter, compared to analyst estimates of $213.44 million. During the same quarter last year, the firm posted $0.76 earnings per share. The firm’s revenue for the quarter was up 5.4% compared to the same quarter last year. As a group, research analysts expect that Shutterstock, Inc. will post 2.99 EPS for the current fiscal year.

Shutterstock Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 12th. Investors of record on Thursday, August 29th were paid a $0.30 dividend. The ex-dividend date of this dividend was Thursday, August 29th. This represents a $1.20 dividend on an annualized basis and a yield of 3.96%. Shutterstock’s payout ratio is presently 91.60%.

Shutterstock Company 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.