Texas Permanent School Fund decreased its stake in shares of Shutterfly, Inc. (NASDAQ:SFLY) by 8.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 22,194 shares of the technology company’s stock after selling 2,165 shares during the period. Texas Permanent School Fund’s holdings in Shutterfly were worth $1,104,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the stock. Rice Hall James & Associates LLC boosted its holdings in shares of Shutterfly by 9.4% during the 4th quarter. Rice Hall James & Associates LLC now owns 877,093 shares of the technology company’s stock worth $43,635,000 after buying an additional 75,573 shares during the period. Schwab Charles Investment Management Inc. boosted its holdings in shares of Shutterfly by 8.6% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 244,681 shares of the technology company’s stock worth $12,173,000 after buying an additional 19,306 shares during the period. Convergence Investment Partners LLC bought a new stake in shares of Shutterfly during the 4th quarter worth about $1,305,000. Aurora Investment Counsel bought a new stake in shares of Shutterfly during the 4th quarter worth about $1,423,000. Finally, California Public Employees Retirement System boosted its holdings in shares of Shutterfly by 12.4% during the 3rd quarter. California Public Employees Retirement System now owns 74,299 shares of the technology company’s stock worth $3,602,000 after buying an additional 8,199 shares during the period.

SFLY has been the subject of several research analyst reports. Aegis reaffirmed a “buy” rating and set a $73.00 target price on shares of Shutterfly in a report on Sunday, February 4th. Goldman Sachs Group downgraded shares of Shutterfly from a “neutral” rating to a “sell” rating and set a $46.00 target price for the company. in a report on Wednesday, January 17th. Zacks Investment Research raised shares of Shutterfly from a “sell” rating to a “hold” rating in a report on Thursday, October 26th. SunTrust Banks lifted their target price on shares of Shutterfly to $60.00 and gave the stock a “buy” rating in a report on Friday, January 12th. Finally, BidaskClub raised shares of Shutterfly from a “sell” rating to a “hold” rating in a report on Friday, December 29th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $56.88.

Shares of Shutterfly, Inc. (SFLY) opened at $71.16 on Wednesday. Shutterfly, Inc. has a 12 month low of $39.76 and a 12 month high of $74.92. The company has a quick ratio of 1.38, a current ratio of 1.40 and a debt-to-equity ratio of 0.53. The firm has a market cap of $2,292.76, a PE ratio of 64.54 and a beta of 1.11.

Shutterfly (NASDAQ:SFLY) last issued its quarterly earnings data on Tuesday, January 30th. The technology company reported $3.11 earnings per share for the quarter, topping the consensus estimate of $2.86 by $0.25. Shutterfly had a net margin of 2.53% and a return on equity of 6.99%. The business 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 earned $2.63 EPS. The business’s revenue was up 5.8% on a year-over-year basis. equities analysts expect that Shutterfly, Inc. will post 2.09 earnings per share for the current fiscal year.

Shutterfly declared that its Board of Directors has approved a stock repurchase plan on Tuesday, January 30th that permits the company to repurchase shares. This repurchase authorization permits the technology company to purchase shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its shares are undervalued.

In other news, CEO Christopher North sold 170,000 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $67.76, for a total value of $11,519,200.00. Following the completion of the transaction, the chief executive officer now directly owns 97,394 shares in the company, valued at approximately $6,599,417.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Lisa Blackwood-Kapral sold 719 shares of the business’s stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $40.78, for a total transaction of $29,320.82. Following the completion of the transaction, the chief accounting officer now owns 1,900 shares of the company’s stock, valued at $77,482. The disclosure for this sale can be found here. Insiders sold a total of 196,003 shares of company stock valued at $12,620,221 in the last quarter. Corporate insiders own 0.80% of the company’s stock.

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About Shutterfly

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.

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Institutional Ownership by Quarter for Shutterfly (NASDAQ:SFLY)

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