1 week Ago By ABMN Staff
Invesco Ltd. increased its stake in shares of Shutterstock, Inc. ( NYSE:SSTK – Free Report ) by 4.
5% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 101,711 shares of the business services provider’s stock after purchasing an additional 4,388 shares during the period. Invesco Ltd.
’s holdings in Shutterstock were worth $3,087,000 at the end of the most recent reporting period. Several other institutional investors have also recently added to or reduced their stakes in the stock. Amundi boosted its position in shares of Shutterstock by 26.
2% during the fourth quarter. Amundi now owns 2,350 shares of the business services provider’s stock worth $71,000 after buying an additional 488 shares during the period. PNC Financial Services Group Inc.
lifted its stake in Shutterstock by 167.6% during the 4th quarter. PNC Financial Services Group Inc.
now owns 2,499 shares of the business services provider’s stock worth $76,000 after acquiring an additional 1,565 shares in the last quarter. R Squared Ltd purchased a new position in Shutterstock during the 4th quarter valued at about $108,000. Palouse Capital Management Inc.
grew its position in Shutterstock by 13.7% in the 4th quarter. Palouse Capital Management Inc.
now owns 4,357 shares of the business services provider’s stock valued at $132,000 after acquiring an additional 525 shares in the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new position in Shutterstock in the 4th quarter valued at about $134,000. Institutional investors and hedge funds own 82.
79% of the company’s stock. Shutterstock Price Performance Shares of SSTK opened at $16.99 on Monday.
The firm has a market capitalization of $592.85 million, a price-to-earnings ratio of 16.66 and a beta of 1.
13. The firm’s fifty day simple moving average is $18.79 and its 200-day simple moving average is $26.
66. Shutterstock, Inc. has a twelve month low of $14.
35 and a twelve month high of $46.10. The company has a current ratio of 0.
42, a quick ratio of 0.42 and a debt-to-equity ratio of 0.23.
Shutterstock Dividend Announcement The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 19th. Investors of record on Thursday, June 5th will be issued a $0.33 dividend.
This represents a $1.32 dividend on an annualized basis and a yield of 7.77%.
The ex-dividend date of this dividend is Thursday, June 5th. Shutterstock’s dividend payout ratio (DPR) is 130.69%.
Wall Street Analysts Forecast Growth Several research analysts have recently commented on the stock. JMP Securities reissued a “market perform” rating on shares of Shutterstock in a research note on Monday, January 6th. Needham & Company LLC decreased their price target on shares of Shutterstock from $45.
00 to $30.00 and set a “buy” rating for the company in a research report on Friday, March 7th. Truist Financial lowered Shutterstock from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th.
Finally, StockNews.com assumed coverage on Shutterstock in a report on Tuesday, April 8th. They issued a “hold” rating for the company.
Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $45.33.
View Our Latest Research Report on SSTK Shutterstock Profile ( Free Report ) 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. Read More Want to see what other hedge funds are holding SSTK? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Shutterstock, Inc. ( NYSE:SSTK – Free Report ). Receive News & Ratings for Shutterstock Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Shutterstock and related companies with MarketBeat.
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