Foster & Motley Inc. Trims Holdings in Ziff Davis, Inc. (NASDAQ:ZD)

Foster & Motley Inc. reduced its stake in Ziff Davis, Inc. (NASDAQ:ZD) by 19.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,122 shares of the technology company’s stock after selling 1,247 shares during the quarter. Foster & Motley Inc.’s holdings in Ziff Davis were worth $344,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ZD. Ronald Blue Trust Inc. raised its position in Ziff Davis by 340.1% in the third quarter. Ronald Blue Trust Inc. now owns 647 shares of the technology company’s stock valued at $45,000 after purchasing an additional 500 shares during the period. GHP Investment Advisors Inc. lifted its stake in Ziff Davis by 7.4% during the 3rd quarter. GHP Investment Advisors Inc. now owns 16,913 shares of the technology company’s stock worth $1,045,000 after acquiring an additional 1,170 shares in the last quarter. Hunter Perkins Capital Management LLC acquired a new position in Ziff Davis during the 3rd quarter worth about $256,000. Allspring Global Investments Holdings LLC grew its position in Ziff Davis by 4.0% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 681,835 shares of the technology company’s stock valued at $43,426,000 after acquiring an additional 26,219 shares in the last quarter. Finally, Fifth Third Bancorp increased its stake in Ziff Davis by 337.5% during the third quarter. Fifth Third Bancorp now owns 490 shares of the technology company’s stock worth $31,000 after purchasing an additional 378 shares during the period. 99.76% of the stock is currently owned by institutional investors and hedge funds.

Ziff Davis Stock Performance

Shares of ZD opened at $52.24 on Thursday. The company has a quick ratio of 2.76, a current ratio of 2.76 and a debt-to-equity ratio of 0.53. Ziff Davis, Inc. has a 52-week low of $50.13 and a 52-week high of $75.58. The stock has a 50 day moving average price of $62.13 and a 200 day moving average price of $63.88. The company has a market capitalization of $2.41 billion, a price-to-earnings ratio of 63.71 and a beta of 1.19.

Ziff Davis (NASDAQ:ZD) last announced its quarterly earnings results on Wednesday, February 21st. The technology company reported $2.19 EPS for the quarter, topping the consensus estimate of $2.17 by $0.02. The firm had revenue of $389.89 million for the quarter, compared to analyst estimates of $400.71 million. Ziff Davis had a net margin of 3.04% and a return on equity of 13.97%. Research analysts predict that Ziff Davis, Inc. will post 6.23 EPS for the current fiscal year.

Insiders Place Their Bets

In other Ziff Davis news, EVP Jeremy Rossen sold 4,162 shares of the company’s stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $69.43, for a total value of $288,967.66. Following the sale, the executive vice president now owns 7,261 shares of the company’s stock, valued at $504,131.23. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.08% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on ZD. UBS Group reduced their target price on shares of Ziff Davis from $77.00 to $76.00 and set a “neutral” rating on the stock in a report on Tuesday, March 5th. Evercore ISI lifted their target price on Ziff Davis from $75.00 to $80.00 and gave the company an “outperform” rating in a report on Friday, February 23rd. Wedbush increased their price target on Ziff Davis from $75.00 to $78.00 and gave the company an “outperform” rating in a research report on Friday, February 23rd. Royal Bank of Canada reissued an “outperform” rating and set a $95.00 price objective on shares of Ziff Davis in a research report on Friday, February 23rd. Finally, Barclays raised their target price on shares of Ziff Davis from $66.00 to $68.00 and gave the company an “equal weight” rating in a report on Friday, February 23rd. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, Ziff Davis currently has a consensus rating of “Moderate Buy” and an average target price of $81.17.

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.