74,777 Shares in Shutterstock, Inc. (NYSE:SSTK) Acquired by Villanova Investment Management Co LLC

Villanova Investment Management Co LLC acquired a new stake in Shutterstock, Inc. (NYSE:SSTK - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 74,777 shares of the business services provider's stock, valued at approximately $2,269,000. Shutterstock comprises approximately 2.0% of Villanova Investment Management Co LLC's holdings, making the stock its 18th biggest position. Villanova Investment Management Co LLC owned approximately 0.21% of Shutterstock at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of SSTK. Intech Investment Management LLC bought a new stake in shares of Shutterstock in the 3rd quarter valued at approximately $388,000. Charles Schwab Investment Management Inc. increased its stake in Shutterstock by 4.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 320,895 shares of the business services provider's stock valued at $11,350,000 after purchasing an additional 13,539 shares during the last quarter. FMR LLC raised its holdings in shares of Shutterstock by 397.5% during the third quarter. FMR LLC now owns 39,193 shares of the business services provider's stock worth $1,386,000 after purchasing an additional 31,315 shares during the period. Verition Fund Management LLC lifted its position in shares of Shutterstock by 25.6% in the 3rd quarter. Verition Fund Management LLC now owns 23,550 shares of the business services provider's stock worth $833,000 after buying an additional 4,805 shares during the last quarter. Finally, Centiva Capital LP lifted its position in shares of Shutterstock by 189.7% in the 3rd quarter. Centiva Capital LP now owns 20,378 shares of the business services provider's stock worth $721,000 after buying an additional 13,343 shares during the last quarter. Institutional investors and hedge funds own 82.79% of the company's stock.

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Wall Street Analysts Forecast Growth

Several research firms recently weighed in on SSTK. Needham & Company LLC dropped their price objective on shares of Shutterstock from $45.00 to $30.00 and set a "buy" rating on the stock in a research note on Friday, March 7th. JMP Securities reiterated a "market perform" rating on shares of Shutterstock in a research report on Monday, January 6th. Truist Financial lowered Shutterstock from a "buy" rating to a "hold" rating in a research report on Tuesday, February 25th. Finally, StockNews.com began coverage on Shutterstock in a research report on Monday, March 31st. They issued a "hold" rating on the stock. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat, Shutterstock presently has a consensus rating of "Hold" and a consensus target price of $45.33.

Shutterstock Stock Performance

Shares of SSTK traded down $0.64 during mid-day trading on Friday, reaching $15.69. 830,614 shares of the company's stock traded hands, compared to its average volume of 530,550. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.42 and a current ratio of 0.42. The business's 50-day moving average price is $23.51 and its 200-day moving average price is $28.80. The stock has a market capitalization of $547.31 million, a P/E ratio of 15.38 and a beta of 1.12. Shutterstock, Inc. has a 12 month low of $14.35 and a 12 month high of $46.10.

Shutterstock (NYSE:SSTK - Get Free Report) last announced its earnings results on Tuesday, February 25th. The business services provider reported $0.67 earnings per share for the quarter, missing the consensus estimate of $0.92 by ($0.25). Shutterstock had a net margin of 4.03% and a return on equity of 20.39%. The business had revenue of $250.30 million for the quarter, compared to the consensus estimate of $254.16 million. During the same period in the previous year, the firm earned $0.72 EPS. The firm's revenue was up 15.2% on a year-over-year basis. Equities analysts predict that Shutterstock, Inc. will post 3.12 earnings per share for the current year.

Shutterstock Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, March 6th were given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 8.42%. The ex-dividend date was Thursday, March 6th. This is a positive change from Shutterstock's previous quarterly dividend of $0.30. Shutterstock's dividend payout ratio is currently 130.69%.

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.