Intech Investment Management LLC Increases Stock Holdings in Ziff Davis, Inc. $ZD

Intech Investment Management LLC increased its holdings in shares of Ziff Davis, Inc. (NASDAQ:ZD) by 85.5% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 42,918 shares of the technology company’s stock after acquiring an additional 19,787 shares during the period. Intech Investment Management LLC’s holdings in Ziff Davis were worth $1,509,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in ZD. Hantz Financial Services Inc. lifted its holdings in Ziff Davis by 212.2% in the 4th quarter. Hantz Financial Services Inc. now owns 868 shares of the technology company’s stock valued at $31,000 after purchasing an additional 590 shares in the last quarter. NBC Securities Inc. boosted its stake in Ziff Davis by 121.3% during the fourth quarter. NBC Securities Inc. now owns 885 shares of the technology company’s stock worth $31,000 after buying an additional 485 shares during the last quarter. GAMMA Investing LLC boosted its stake in Ziff Davis by 207.1% during the fourth quarter. GAMMA Investing LLC now owns 906 shares of the technology company’s stock worth $32,000 after buying an additional 611 shares during the last quarter. TD Private Client Wealth LLC purchased a new position in shares of Ziff Davis during the 4th quarter worth $52,000. Finally, PNC Financial Services Group Inc. raised its holdings in shares of Ziff Davis by 25.4% during the 4th quarter. PNC Financial Services Group Inc. now owns 4,532 shares of the technology company’s stock worth $159,000 after acquiring an additional 918 shares during the period. Hedge funds and other institutional investors own 99.76% of the company’s stock.

Insider Activity at Ziff Davis

In other news, EVP Jeremy Rossen sold 8,000 shares of the business’s stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $47.00, for a total transaction of $376,000.00. Following the completion of the transaction, the executive vice president directly owned 14,462 shares of the company’s stock, valued at approximately $679,714. The trade was a 35.62% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 3.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Royal Bank Of Canada lifted their price target on Ziff Davis from $40.00 to $48.00 and gave the stock an “outperform” rating in a report on Monday, May 11th. Evercore restated an “outperform” rating and issued a $61.00 price objective on shares of Ziff Davis in a report on Tuesday, May 12th. Barclays boosted their price objective on shares of Ziff Davis from $45.00 to $48.00 and gave the company an “equal weight” rating in a report on Monday, May 11th. Piper Sandler set a $48.00 price objective on shares of Ziff Davis in a report on Monday, May 11th. Finally, Weiss Ratings upgraded shares of Ziff Davis from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday. Three analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Ziff Davis has a consensus rating of “Hold” and an average target price of $47.25.

Ziff Davis Stock Down 4.5%

Shares of NASDAQ:ZD opened at $45.81 on Friday. Ziff Davis, Inc. has a 1 year low of $22.45 and a 1 year high of $50.55. The firm has a market capitalization of $1.69 billion, a PE ratio of 40.54 and a beta of 1.12. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.66 and a quick ratio of 1.66. The firm’s 50-day moving average is $44.25 and its two-hundred day moving average is $38.59.

Ziff Davis (NASDAQ:ZD) last announced its quarterly earnings data on Thursday, May 7th. The technology company reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.01. Ziff Davis had a return on equity of 12.17% and a net margin of 3.26%.The business had revenue of $267.64 million during the quarter, compared to the consensus estimate of $264.32 million. During the same period in the previous year, the company posted $1.14 earnings per share. The business’s revenue for the quarter was down 1.9% on a year-over-year basis. Analysts predict that Ziff Davis, Inc. will post 4.08 EPS for the current year.

Ziff Davis Company Profile

Ziff Davis, Inc is a digital media and internet company that operates a diverse portfolio of online brands, subscription-based services and performance marketing platforms. The company specializes in technology publishing and digital marketing solutions, offering content, reviews and insights tailored to consumer and enterprise audiences. Ziff Davis’s flagship media properties include PCMag, which provides expert reviews and comparisons of consumer electronics and software, as well as IGN, a leading destination for gaming news, reviews and entertainment coverage.

Founded in 1927 by William B.