Fort Washington Investment Advisors Inc. OH Has $13.13 Million Holdings in Ziff Davis, Inc. $ZD

Fort Washington Investment Advisors Inc. OH lessened its holdings in Ziff Davis, Inc. (NASDAQ:ZD) by 41.3% during the 1st quarter, Holdings Channel reports. The firm owned 312,840 shares of the technology company’s stock after selling 220,297 shares during the period. Fort Washington Investment Advisors Inc. OH’s holdings in Ziff Davis were worth $13,127,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Federated Hermes Inc. bought a new stake in shares of Ziff Davis during the fourth quarter worth approximately $25,000. NBC Securities Inc. boosted its stake in Ziff Davis by 121.2% in the fourth quarter. NBC Securities Inc. now owns 885 shares of the technology company’s stock valued at $31,000 after acquiring an additional 485 shares during the last quarter. Hantz Financial Services Inc. boosted its stake in Ziff Davis by 212.2% in the fourth quarter. Hantz Financial Services Inc. now owns 868 shares of the technology company’s stock valued at $31,000 after acquiring an additional 590 shares during the last quarter. GAMMA Investing LLC grew its holdings in Ziff Davis by 207.1% during the 4th quarter. GAMMA Investing LLC now owns 906 shares of the technology company’s stock worth $32,000 after acquiring an additional 611 shares during the period. Finally, Rockefeller Capital Management L.P. grew its holdings in Ziff Davis by 226.7% during the 4th quarter. Rockefeller Capital Management L.P. now owns 990 shares of the technology company’s stock worth $35,000 after acquiring an additional 687 shares during the period. Institutional investors and hedge funds own 99.76% of the company’s stock.

Ziff Davis Stock Performance

ZD opened at $50.42 on Monday. The firm’s fifty day moving average is $45.18 and its two-hundred day moving average is $40.10. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.66 and a current ratio of 1.66. The firm has a market cap of $1.86 billion, a PE ratio of 44.62 and a beta of 1.13. Ziff Davis, Inc. has a twelve month low of $22.45 and a twelve month high of $50.55.

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

Insiders Place Their Bets

In other Ziff Davis news, Director Kirk P. Mcdonald sold 1,075 shares of Ziff Davis stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $46.65, for a total transaction of $50,148.75. Following the transaction, the director directly owned 13,468 shares in the company, valued at approximately $628,282.20. The trade was a 7.39% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Jeremy Rossen sold 8,000 shares of the business’s stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $47.00, for a total value 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 disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 31,422 shares of company stock worth $1,468,864. Corporate insiders own 3.40% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Weiss Ratings raised Ziff Davis from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, June 1st. Royal Bank Of Canada lifted their price objective on Ziff Davis from $40.00 to $48.00 and gave the stock an “outperform” rating in a research note on Monday, May 11th. Citigroup upped their price objective on Ziff Davis from $29.00 to $48.00 and gave the company a “neutral” rating in a report on Friday, March 6th. Evercore reissued an “outperform” rating and issued a $61.00 target price on shares of Ziff Davis in a research note on Tuesday, May 12th. Finally, Susquehanna raised their target price on Ziff Davis from $45.00 to $60.00 and gave the stock a “positive” rating in a report on Tuesday, May 5th. Three 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’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $47.25.

Ziff Davis 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.