Louisiana State Employees Retirement System Takes Position in Ziff Davis, Inc. $ZD

Louisiana State Employees Retirement System bought a new position in shares of Ziff Davis, Inc. (NASDAQ:ZD) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 17,500 shares of the technology company’s stock, valued at approximately $734,000.

Other large investors have also added to or reduced their stakes in the company. Federated Hermes Inc. bought a new stake in Ziff Davis in the 4th quarter worth approximately $25,000. Hantz Financial Services Inc. grew its holdings in shares of Ziff Davis by 212.2% during 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 during the last quarter. NBC Securities Inc. raised its position in Ziff Davis by 121.2% in the 4th quarter. NBC Securities Inc. now owns 885 shares of the technology company’s stock worth $31,000 after purchasing an additional 485 shares during the period. GAMMA Investing LLC boosted its position in Ziff Davis by 207.1% during the fourth quarter. GAMMA Investing LLC now owns 906 shares of the technology company’s stock valued at $32,000 after buying an additional 611 shares during the period. Finally, Rockefeller Capital Management L.P. lifted its stake in shares of Ziff Davis by 226.7% in the 4th quarter. Rockefeller Capital Management L.P. now owns 990 shares of the technology company’s stock valued at $35,000 after acquiring an additional 687 shares during the last quarter. Hedge funds and other institutional investors own 99.76% of the company’s stock.

Analyst Ratings Changes

ZD has been the topic of several recent research reports. Piper Sandler set a $48.00 price target on Ziff Davis in a research report on Monday, May 11th. Susquehanna increased their price objective on Ziff Davis from $45.00 to $60.00 and gave the company a “positive” rating in a research note on Tuesday, May 5th. Barclays raised their price target on shares of Ziff Davis from $45.00 to $48.00 and gave the stock an “equal weight” rating in a report on Monday, May 11th. Royal Bank Of Canada increased their target price on shares of Ziff Davis from $40.00 to $48.00 and gave the stock an “outperform” rating in a report on Monday, May 11th. Finally, Zacks Research cut shares of Ziff Davis from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 6th. Three equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $47.25.

Insider Buying and Selling

In related news, CFO Bret Richter sold 18,000 shares of the business’s stock in a transaction on Wednesday, June 10th. The stock was sold at an average price of $46.88, for a total transaction of $843,840.00. Following the completion of the transaction, the chief financial officer owned 29,244 shares in the company, valued at $1,370,958.72. The trade was a 38.10% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Kirk P. Mcdonald sold 1,075 shares of the business’s stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $46.65, for a total transaction of $50,148.75. Following the completion of the sale, the director directly owned 13,468 shares of the company’s stock, valued at approximately $628,282.20. This trade represents a 7.39% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 31,422 shares of company stock valued at $1,468,864. Insiders own 3.40% of the company’s stock.

Ziff Davis Stock Performance

Shares of NASDAQ:ZD traded up $0.17 during mid-day trading on Tuesday, reaching $53.95. 40,695 shares of the company traded hands, compared to its average volume of 838,460. The company’s 50 day moving average price is $45.82 and its 200-day moving average price is $40.80. Ziff Davis, Inc. has a 52 week low of $22.45 and a 52 week high of $54.75. The firm has a market cap of $1.99 billion, a PE ratio of 47.75 and a beta of 1.08. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.66 and a quick ratio of 1.66.

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