Shutterfly, Inc. (SFLY) CMO John Boris Sells 16,456 Shares

Shutterfly, Inc. (NASDAQ:SFLY) CMO John Boris sold 16,456 shares of the firm’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $75.36, for a total value of $1,240,124.16. Following the completion of the transaction, the chief marketing officer now owns 26,082 shares of the company’s stock, valued at approximately $1,965,539.52. The sale was disclosed in a document filed with the SEC, which is available through this link.

John Boris also recently made the following trade(s):

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  • On Friday, February 16th, John Boris sold 4,606 shares of Shutterfly stock. The shares were sold at an average price of $73.82, for a total value of $340,014.92.
  • On Saturday, May 19th, John Boris sold 6,104 shares of Shutterfly stock. The shares were sold at an average price of $37.75, for a total value of $230,426.00.

SFLY stock traded up $0.98 during trading on Friday, reaching $85.74. The company had a trading volume of 1,081,567 shares, compared to its average volume of 836,810. Shutterfly, Inc. has a fifty-two week low of $39.76 and a fifty-two week high of $86.41. The company has a market capitalization of $2,788.01, a PE ratio of 77.95 and a beta of 0.93. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.40 and a quick ratio of 1.38.

Shutterfly (NASDAQ:SFLY) last issued its quarterly earnings data on Tuesday, January 30th. The technology company reported $3.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.86 by $0.25. Shutterfly had a return on equity of 6.99% and a net margin of 2.53%. The company had revenue of $593.80 million during the quarter, compared to analysts’ expectations of $556.40 million. During the same quarter in the previous year, the company posted $2.63 earnings per share. The business’s revenue was up 5.8% on a year-over-year basis. sell-side analysts anticipate that Shutterfly, Inc. will post 2.09 earnings per share for the current year.

Shutterfly announced that its Board of Directors has initiated a share repurchase program on Tuesday, January 30th that permits the company to buyback shares. This buyback authorization permits the technology company to buy shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.

Several large investors have recently modified their holdings of SFLY. UBS Asset Management Americas Inc. raised its position in shares of Shutterfly by 19.7% in the second quarter. UBS Asset Management Americas Inc. now owns 15,861 shares of the technology company’s stock valued at $753,000 after buying an additional 2,609 shares in the last quarter. California Public Employees Retirement System raised its position in shares of Shutterfly by 13.0% in the second quarter. California Public Employees Retirement System now owns 66,100 shares of the technology company’s stock valued at $3,140,000 after buying an additional 7,600 shares in the last quarter. Stifel Financial Corp raised its position in shares of Shutterfly by 12.1% in the second quarter. Stifel Financial Corp now owns 10,611 shares of the technology company’s stock valued at $504,000 after buying an additional 1,149 shares in the last quarter. State Street Corp raised its position in shares of Shutterfly by 4.0% in the second quarter. State Street Corp now owns 979,974 shares of the technology company’s stock valued at $46,554,000 after buying an additional 37,889 shares in the last quarter. Finally, Public Employees Retirement System of Ohio raised its position in shares of Shutterfly by 2.2% in the second quarter. Public Employees Retirement System of Ohio now owns 10,941 shares of the technology company’s stock valued at $520,000 after buying an additional 237 shares in the last quarter.

A number of equities analysts recently commented on the company. Goldman Sachs cut Shutterfly from a “neutral” rating to a “sell” rating and set a $46.00 price target for the company. in a report on Wednesday, January 17th. SunTrust Banks lifted their price target on Shutterfly to $60.00 and gave the stock a “buy” rating in a report on Friday, January 12th. Aegis reiterated a “buy” rating and set a $57.00 price target on shares of Shutterfly in a report on Wednesday, December 27th. BidaskClub upgraded Shutterfly from a “hold” rating to a “buy” rating in a report on Saturday, February 3rd. Finally, ValuEngine upgraded Shutterfly from a “sell” rating to a “hold” rating in a report on Friday, December 29th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $56.88.

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Shutterfly Company Profile

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.

Insider Buying and Selling by Quarter for Shutterfly (NASDAQ:SFLY)

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