Radnor Capital Management LLC Purchases Shares of 14,570 Ziff Davis, Inc. (NASDAQ:ZD)

Radnor Capital Management LLC purchased a new stake in Ziff Davis, Inc. (NASDAQ:ZD) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 14,570 shares of the technology company’s stock, valued at approximately $1,021,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Citigroup Inc. boosted its stake in shares of Ziff Davis by 1.1% in the 1st quarter. Citigroup Inc. now owns 16,930 shares of the technology company’s stock valued at $1,321,000 after purchasing an additional 178 shares in the last quarter. Cardinal Capital Management boosted its stake in shares of Ziff Davis by 1.1% in the 1st quarter. Cardinal Capital Management now owns 17,513 shares of the technology company’s stock valued at $1,367,000 after purchasing an additional 185 shares in the last quarter. Public Employees Retirement System of Ohio boosted its stake in shares of Ziff Davis by 11.0% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 1,930 shares of the technology company’s stock valued at $132,000 after purchasing an additional 191 shares in the last quarter. Zions Bancorporation N.A. acquired a new stake in shares of Ziff Davis in the 1st quarter valued at $25,000. Finally, Quadrant Capital Group LLC boosted its stake in shares of Ziff Davis by 40.0% in the 4th quarter. Quadrant Capital Group LLC now owns 1,011 shares of the technology company’s stock valued at $80,000 after purchasing an additional 289 shares in the last quarter. Institutional investors own 99.59% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada reiterated an “outperform” rating and set a $95.00 price target on shares of Ziff Davis in a research report on Wednesday, August 9th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, Ziff Davis presently has a consensus rating of “Moderate Buy” and an average price target of $87.14.

Ziff Davis Stock Down 1.2 %

NASDAQ ZD traded down $0.78 during trading hours on Friday, reaching $66.89. 65,530 shares of the company’s stock were exchanged, compared to its average volume of 313,868. The company’s 50-day moving average is $69.12 and its two-hundred day moving average is $70.06. Ziff Davis, Inc. has a one year low of $58.08 and a one year high of $94.58. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.47 and a current ratio of 2.46. The company has a market capitalization of $3.10 billion, a price-to-earnings ratio of 34.80 and a beta of 1.23.

Ziff Davis (NASDAQ:ZD) last released its quarterly earnings results on Thursday, August 3rd. The technology company reported $1.12 earnings per share for the quarter, missing analysts’ consensus estimates of $1.15 by ($0.03). Ziff Davis had a return on equity of 14.29% and a net margin of 6.90%. The firm had revenue of $326.02 million for the quarter, compared to analyst estimates of $321.16 million. On average, analysts forecast that Ziff Davis, Inc. will post 5.75 EPS for the current fiscal year.

Ziff Davis Profile

Ziff Davis, Inc provides internet information and services in the United States, Canada, Ireland, and internationally. It operates in two segments, Digital Media, and Cybersecurity and Martech. The Digital Media segment operates a portfolio of web properties and apps, which include IGN, RetailMeNot, Mashable, PCMag, Humble Bundle, Speedtest, Offers.com, Black Friday, MedPageToday, Everyday Health, BabyCenter, and What to Expect, among others in the technology, shopping, entertainment, and health and wellness markets.