Ziff Davis, Inc. $ZD Shares Bought by Janus Henderson Group PLC

Janus Henderson Group PLC lifted its stake in shares of Ziff Davis, Inc. (NASDAQ:ZD) by 2.7% in the 1st quarter, Holdings Channel reports. The institutional investor owned 3,526,329 shares of the technology company’s stock after acquiring an additional 92,496 shares during the quarter. Janus Henderson Group PLC owned approximately 0.10% of Ziff Davis worth $147,963,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Federated Hermes Inc. purchased a new position in shares of Ziff Davis in the 4th quarter valued at $25,000. Hantz Financial Services Inc. raised its stake in Ziff Davis by 212.2% during the 4th quarter. Hantz Financial Services Inc. now owns 868 shares of the technology company’s stock worth $31,000 after acquiring an additional 590 shares in the last quarter. NBC Securities Inc. lifted its position 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. Rockefeller Capital Management L.P. lifted its position in Ziff Davis by 226.7% in the fourth 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. Finally, TD Private Client Wealth LLC acquired a new position in Ziff Davis in the fourth quarter valued at $52,000. Institutional investors and hedge funds own 99.76% of the company’s stock.

Ziff Davis Price Performance

Shares of ZD opened at $53.08 on Friday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.66 and a current ratio of 1.66. Ziff Davis, Inc. has a fifty-two week low of $22.45 and a fifty-two week high of $54.97. The firm has a 50-day simple moving average of $49.37 and a 200-day simple moving average of $43.09. The company has a market capitalization of $1.95 billion, a price-to-earnings ratio of 46.97 and a beta of 1.08.

Ziff Davis (NASDAQ:ZD) last issued its quarterly earnings results on Thursday, May 7th. The technology company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.01. The firm had revenue of $267.64 million for the quarter, compared to analysts’ expectations of $264.32 million. Ziff Davis had a return on equity of 12.17% and a net margin of 3.26%.The firm’s revenue for the quarter was down 1.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.14 EPS.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. Piper Sandler set a $48.00 price objective on Ziff Davis in a report on Monday, May 11th. Royal Bank Of Canada boosted their target price on Ziff Davis from $40.00 to $48.00 and gave the company an “outperform” rating in a report on Monday, May 11th. Barclays upped their target price on Ziff Davis from $45.00 to $48.00 and gave the company an “equal weight” rating in a research report on Monday, May 11th. Susquehanna raised their price target on Ziff Davis from $45.00 to $60.00 and gave the stock a “positive” rating in a research note on Tuesday, May 5th. Finally, Weiss Ratings raised Ziff Davis from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, June 1st. Three equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $47.25.

Insider Buying and Selling at Ziff Davis

In other Ziff Davis news, Director Kirk P. Mcdonald sold 1,075 shares of Ziff Davis stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $46.65, for a total value of $50,148.75. Following the transaction, the director directly owned 13,468 shares in the company, valued at approximately $628,282.20. This trade represents a 7.39% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Bret Richter sold 18,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 10th. The shares were 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 in the company, valued at approximately $1,370,958.72. The trade was a 38.10% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 31,422 shares of company stock worth $1,468,864. 3.40% of the stock is currently owned by insiders.

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.