State of Alaska Department of Revenue Has $528,000 Stock Holdings in Shutterstock Inc (NYSE:SSTK)

State of Alaska Department of Revenue grew its holdings in Shutterstock Inc (NYSE:SSTK) by 130.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 14,641 shares of the business services provider’s stock after acquiring an additional 8,288 shares during the quarter. State of Alaska Department of Revenue’s holdings in Shutterstock were worth $528,000 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. Arizona State Retirement System boosted its stake in Shutterstock by 0.9% during the second quarter. Arizona State Retirement System now owns 28,953 shares of the business services provider’s stock worth $1,135,000 after buying an additional 271 shares during the last quarter. NumerixS Investment Technologies Inc boosted its stake in Shutterstock by 100.0% during the second quarter. NumerixS Investment Technologies Inc now owns 800 shares of the business services provider’s stock worth $31,000 after buying an additional 400 shares during the last quarter. Parametric Portfolio Associates LLC boosted its stake in Shutterstock by 0.5% during the second quarter. Parametric Portfolio Associates LLC now owns 110,963 shares of the business services provider’s stock worth $4,349,000 after buying an additional 512 shares during the last quarter. State Board of Administration of Florida Retirement System boosted its stake in Shutterstock by 3.4% during the second quarter. State Board of Administration of Florida Retirement System now owns 16,193 shares of the business services provider’s stock worth $635,000 after buying an additional 540 shares during the last quarter. Finally, Swiss National Bank boosted its stake in Shutterstock by 2.0% during the second quarter. Swiss National Bank now owns 35,900 shares of the business services provider’s stock worth $1,407,000 after buying an additional 700 shares during the last quarter. 57.81% of the stock is owned by hedge funds and other institutional investors.

Shares of SSTK stock traded up $0.21 on Friday, hitting $42.03. The stock had a trading volume of 264,084 shares, compared to its average volume of 210,561. The firm has a market capitalization of $1.54 billion, a P/E ratio of 40.03, a P/E/G ratio of 2.27 and a beta of 1.21. Shutterstock Inc has a 1 year low of $31.77 and a 1 year high of $50.09. The company’s 50 day moving average price is $36.95 and its 200-day moving average price is $37.94.

Shutterstock (NYSE:SSTK) last issued its quarterly earnings results on Tuesday, November 5th. The business services provider reported $0.29 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.02 by $0.27. Shutterstock had a return on equity of 12.20% and a net margin of 4.75%. The company had revenue of $159.08 million for the quarter, compared to the consensus estimate of $161.77 million. During the same quarter in the prior year, the business earned $0.38 EPS. Shutterstock’s revenue was up 5.0% on a year-over-year basis. Equities analysts forecast that Shutterstock Inc will post 0.8 earnings per share for the current fiscal year.

A number of research firms have weighed in on SSTK. ValuEngine lowered Shutterstock from a “hold” rating to a “sell” rating in a research note on Monday, November 4th. SunTrust Banks upped their price target on Shutterstock from $36.00 to $38.00 and gave the company a “hold” rating in a research note on Tuesday, November 5th. Finally, Zacks Investment Research raised Shutterstock from a “sell” rating to a “hold” rating in a research note on Wednesday, October 9th.

Shutterstock Company Profile

Shutterstock, Inc provides digital content, and tools and services in North America, Europe, and internationally. It offers digital imagery services that include licensed photographs, vectors, illustrations, and video clips, which is used in visual communications, such as Websites, digital and print marketing materials, corporate communications, books, publications, and video content; and music services comprising music tracks and sound effects that are used to complement digital imagery.

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Institutional Ownership by Quarter for Shutterstock (NYSE:SSTK)

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