Arizona State Retirement System Increases Stock Position in Ziff Davis, Inc. (NASDAQ:ZD)

Arizona State Retirement System boosted its stake in shares of Ziff Davis, Inc. (NASDAQ:ZDFree Report) by 1.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,463 shares of the technology company’s stock after buying an additional 182 shares during the quarter. Arizona State Retirement System’s holdings in Ziff Davis were worth $857,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Zions Bancorporation N.A. purchased a new position in Ziff Davis in the first quarter worth approximately $25,000. Fifth Third Bancorp increased its stake in Ziff Davis by 337.5% in the 3rd quarter. Fifth Third Bancorp now owns 490 shares of the technology company’s stock valued at $31,000 after buying an additional 378 shares during the period. Ronald Blue Trust Inc. increased its stake in Ziff Davis by 340.1% in the 3rd quarter. Ronald Blue Trust Inc. now owns 647 shares of the technology company’s stock valued at $45,000 after buying an additional 500 shares during the period. OLD Point Trust & Financial Services N A acquired a new position in Ziff Davis in the 2nd quarter valued at $70,000. Finally, Captrust Financial Advisors purchased a new stake in shares of Ziff Davis during the 1st quarter worth $100,000. Hedge funds and other institutional investors own 99.59% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. UBS Group decreased their target price on shares of Ziff Davis from $81.00 to $71.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 14th. Susquehanna reduced their target price on shares of Ziff Davis from $120.00 to $90.00 and set a “positive” rating on the stock in a report on Friday, November 10th. Two investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, Ziff Davis has an average rating of “Moderate Buy” and a consensus target price of $83.50.

Get Our Latest Report on ZD

Ziff Davis Trading Up 0.2 %

NASDAQ ZD opened at $66.71 on Wednesday. Ziff Davis, Inc. has a 12 month low of $57.97 and a 12 month high of $93.84. The company has a 50-day moving average of $66.42 and a 200-day moving average of $65.59. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.54 and a quick ratio of 2.54. The company has a market cap of $3.07 billion, a P/E ratio of 76.68 and a beta of 1.23.

Ziff Davis (NASDAQ:ZDGet Free Report) last posted its earnings results on Wednesday, November 8th. The technology company reported $1.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.37 by ($0.02). The business had revenue of $340.99 million for the quarter, compared to analyst estimates of $340.87 million. Ziff Davis had a return on equity of 13.92% and a net margin of 3.32%. As a group, equities analysts predict that Ziff Davis, Inc. will post 5.68 earnings per share for the current year.

Ziff Davis Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Ziff Davis (NASDAQ:ZD)

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