Ziff Davis, Inc. $ZD Holdings Raised by Wedge Capital Management L L P NC

Wedge Capital Management L L P NC lifted its position in shares of Ziff Davis, Inc. (NASDAQ:ZD) by 18.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 68,887 shares of the technology company’s stock after acquiring an additional 10,828 shares during the period. Wedge Capital Management L L P NC’s holdings in Ziff Davis were worth $3,608,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Janus Henderson Group PLC boosted its holdings in Ziff Davis by 2.7% in the first quarter. Janus Henderson Group PLC now owns 3,526,329 shares of the technology company’s stock worth $147,963,000 after purchasing an additional 92,496 shares during the period. Pale Fire Capital SE raised its holdings in shares of Ziff Davis by 130.0% during the first quarter. Pale Fire Capital SE now owns 2,783,366 shares of the technology company’s stock worth $116,790,000 after purchasing an additional 1,573,414 shares during the period. First Trust Advisors LP lifted its position in shares of Ziff Davis by 689.6% in the 1st quarter. First Trust Advisors LP now owns 974,591 shares of the technology company’s stock worth $40,894,000 after buying an additional 851,163 shares during the last quarter. LSV Asset Management lifted its position in shares of Ziff Davis by 17.5% in the 4th quarter. LSV Asset Management now owns 907,721 shares of the technology company’s stock worth $31,906,000 after buying an additional 135,021 shares during the last quarter. Finally, Fuller & Thaler Asset Management Inc. boosted its holdings in shares of Ziff Davis by 10.6% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 860,582 shares of the technology company’s stock valued at $30,249,000 after buying an additional 82,761 shares during the period. 99.76% of the stock is currently owned by institutional investors.

Ziff Davis Stock Performance

Shares of ZD opened at $55.91 on Friday. The firm has a fifty day moving average of $50.92 and a 200-day moving average of $44.16. The company has a market cap of $1.92 billion, a price-to-earnings ratio of 3.16 and a beta of 1.08. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.66 and a current ratio of 2.16. Ziff Davis, Inc. has a 1 year low of $22.45 and a 1 year high of $58.06.

Ziff Davis (NASDAQ:ZD) last issued its quarterly earnings data on Thursday, August 6th. The technology company reported $1.03 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.22. The firm had revenue of $286.74 million for the quarter, compared to the consensus estimate of $286.10 million. Ziff Davis had a net margin of 48.57% and a return on equity of 10.73%. Ziff Davis’s quarterly revenue was down 18.7% compared to the same quarter last year. During the same period last year, the firm posted $1.24 EPS.

Insider Activity

In other news, CAO Lori A. Tansley sold 1,400 shares of the business’s stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $54.76, for a total transaction of $76,664.00. Following the completion of the transaction, the chief accounting officer directly owned 767 shares in the company, valued at approximately $42,000.92. The trade was a 64.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Bret Richter sold 18,000 shares of the stock in a transaction that occurred on Wednesday, June 10th. The stock was sold at an average price of $46.88, for a total value of $843,840.00. Following the completion of the transaction, the chief financial officer directly owned 29,244 shares of the company’s stock, valued at $1,370,958.72. This trade represents a 38.10% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 36,641 shares of company stock worth $1,755,306 over the last ninety days. 3.40% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. 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 research report on Monday, May 11th. Royal Bank Of Canada lifted their target price on Ziff Davis from $48.00 to $65.00 and gave the company an “outperform” rating in a research note on Monday. Piper Sandler set a $48.00 target price on Ziff Davis in a report on Monday, May 11th. Citigroup upped their target price on Ziff Davis from $48.00 to $59.00 and gave the company a “neutral” rating in a report on Monday. Finally, Weiss Ratings upgraded Ziff Davis from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday. Three analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $56.62.

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.