Shutterstock, Inc. (NYSE:SSTK) Shares Bought by Rice Hall James & Associates LLC

Rice Hall James & Associates LLC boosted its holdings in shares of Shutterstock, Inc. (NYSE:SSTK - Free Report) by 3.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 547,520 shares of the business services provider's stock after buying an additional 18,133 shares during the quarter. Shutterstock makes up approximately 0.9% of Rice Hall James & Associates LLC's investment portfolio, making the stock its 29th biggest holding. Rice Hall James & Associates LLC owned about 1.57% of Shutterstock worth $16,617,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. State Street Corp increased its holdings in Shutterstock by 1.4% during the third quarter. State Street Corp now owns 966,694 shares of the business services provider's stock valued at $34,192,000 after buying an additional 13,039 shares during the period. Geode Capital Management LLC increased its holdings in Shutterstock by 4.6% during the third quarter. Geode Capital Management LLC now owns 573,128 shares of the business services provider's stock valued at $20,275,000 after buying an additional 25,050 shares during the period. Charles Schwab Investment Management Inc. increased its holdings 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 buying an additional 13,539 shares during the period. Hotchkis & Wiley Capital Management LLC purchased a new position in Shutterstock during the third quarter valued at approximately $8,493,000. Finally, Tieton Capital Management LLC grew its holdings in Shutterstock by 19.1% in the third quarter. Tieton Capital Management LLC now owns 163,675 shares of the business services provider's stock worth $5,789,000 after purchasing an additional 26,220 shares during the last quarter. 82.79% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

SSTK has been the topic of several analyst reports. StockNews.com initiated coverage on shares of Shutterstock in a report on Wednesday. They issued a "hold" rating on the stock. Needham & Company LLC cut their price target on shares of Shutterstock from $55.00 to $45.00 and set a "buy" rating on the stock in a report on Monday, January 13th. Truist Financial cut their price target on shares of Shutterstock from $65.00 to $56.00 and set a "buy" rating on the stock in a report on Wednesday, October 30th. Finally, JMP Securities reaffirmed a "market perform" rating on shares of Shutterstock in a report on Monday, January 6th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, Shutterstock has an average rating of "Hold" and a consensus target price of $50.33.

Shutterstock Stock Performance

Shares of SSTK traded down $0.98 during trading hours on Friday, reaching $25.33. 525,692 shares of the company traded hands, compared to its average volume of 754,114. The stock has a market capitalization of $883.11 million, a P/E ratio of 24.84 and a beta of 1.08. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 0.23. Shutterstock, Inc. has a 12-month low of $25.13 and a 12-month high of $54.40. The business has a fifty day moving average price of $29.96 and a 200-day moving average price of $32.00.

Shutterstock Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Thursday, March 6th will be given a dividend of $0.33 per share. The ex-dividend date of this dividend is Thursday, March 6th. This is an increase from Shutterstock's previous quarterly dividend of $0.30. This represents a $1.32 dividend on an annualized basis and a yield of 5.21%. Shutterstock's payout ratio is currently 117.65%.

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.