Blue Trust Inc. Has $30,000 Stake in Ziff Davis, Inc. $ZD

Blue Trust Inc. trimmed its stake in shares of Ziff Davis, Inc. (NASDAQ:ZD) by 29.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 978 shares of the technology company’s stock after selling 407 shares during the period. Blue Trust Inc.’s holdings in Ziff Davis were worth $30,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the business. Fuller & Thaler Asset Management Inc. grew its position in Ziff Davis by 10.5% in the first quarter. Fuller & Thaler Asset Management Inc. now owns 1,113,654 shares of the technology company’s stock valued at $41,851,000 after purchasing an additional 105,761 shares in the last quarter. Nuveen LLC bought a new stake in shares of Ziff Davis in the 1st quarter valued at about $25,381,000. Rice Hall James & Associates LLC raised its holdings in shares of Ziff Davis by 21.9% in the 1st quarter. Rice Hall James & Associates LLC now owns 601,573 shares of the technology company’s stock valued at $22,607,000 after purchasing an additional 108,101 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in shares of Ziff Davis by 50.8% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 538,123 shares of the technology company’s stock valued at $20,314,000 after purchasing an additional 181,234 shares during the period. Finally, Fort Washington Investment Advisors Inc. OH raised its holdings in shares of Ziff Davis by 13.3% in the 2nd quarter. Fort Washington Investment Advisors Inc. OH now owns 414,105 shares of the technology company’s stock valued at $12,535,000 after purchasing an additional 48,655 shares during the period. Institutional investors own 99.76% of the company’s stock.

Ziff Davis Price Performance

Shares of Ziff Davis stock opened at $35.98 on Friday. The company has a 50-day simple moving average of $37.39 and a two-hundred day simple moving average of $33.86. The stock has a market capitalization of $1.48 billion, a price-to-earnings ratio of 23.99 and a beta of 1.60. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 0.47. Ziff Davis, Inc. has a twelve month low of $28.55 and a twelve month high of $60.62.

Ziff Davis (NASDAQ:ZD) last issued its earnings results on Wednesday, August 6th. The technology company reported $1.24 EPS for the quarter, beating the consensus estimate of $1.22 by $0.02. The company had revenue of $352.21 million during the quarter, compared to analysts’ expectations of $337.47 million. Ziff Davis had a net margin of 4.57% and a return on equity of 13.91%. The business’s revenue for the quarter was up 10.0% compared to the same quarter last year. During the same period in the previous year, the company earned $1.18 EPS. Analysts forecast that Ziff Davis, Inc. will post 5.93 EPS for the current year.

Insiders Place Their Bets

In other Ziff Davis news, Director Sarah Ann Fay bought 1,354 shares of Ziff Davis stock in a transaction on Monday, September 15th. The shares were purchased at an average cost of $36.89 per share, with a total value of $49,949.06. Following the acquisition, the director directly owned 23,619 shares of the company’s stock, valued at $871,304.91. The trade was a 6.08% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.16% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Piper Sandler set a $40.00 target price on shares of Ziff Davis in a report on Friday, August 8th. Barclays reaffirmed a “positive” rating on shares of Ziff Davis in a report on Friday, August 8th. Wall Street Zen raised shares of Ziff Davis from a “hold” rating to a “buy” rating in a report on Saturday, August 9th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Ziff Davis in a report on Wednesday, October 8th. Two analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $38.83.

Ziff Davis Profile

Ziff Davis, Inc, together with its subsidiaries, operates as a digital media and internet company in the United States and internationally. The company offers PCMag, an online resource for laboratory-based product reviews, technology news, buying guides, and research papers; Mashable for publishing technology and culture content; Spiceworks Ziff Davis provides digital content of IT products and services; retailMeNot, a savings destination platform; Offers.com, a coupon and deals website; and event-based properties, including BlackFriday.com, TheBlackFriday.com, BestBlackFriday.com, and DealsofAmerica.com.