Ziff Davis, Inc. $ZD Shares Bought by Nordea Investment Management AB

Nordea Investment Management AB raised its holdings in Ziff Davis, Inc. (NASDAQ:ZD) by 3.5% in the 2nd quarter, HoldingsChannel reports. The fund owned 1,035,836 shares of the technology company’s stock after acquiring an additional 35,197 shares during the period. Nordea Investment Management AB’s holdings in Ziff Davis were worth $31,438,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Fuller & Thaler Asset Management Inc. raised its holdings in Ziff Davis by 10.5% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 1,113,654 shares of the technology company’s stock valued at $41,851,000 after acquiring an additional 105,761 shares during the last quarter. Nuveen LLC acquired a new position in Ziff Davis in the 1st quarter valued at $25,381,000. Allspring Global Investments Holdings LLC raised its holdings in Ziff Davis by 16.4% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 626,137 shares of the technology company’s stock valued at $19,911,000 after acquiring an additional 88,014 shares during the last quarter. Rice Hall James & Associates LLC raised its holdings in 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 acquiring an additional 108,101 shares during the last quarter. Finally, Fort Washington Investment Advisors Inc. OH raised its holdings in 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 acquiring an additional 48,655 shares during the last quarter. 99.76% of the stock is currently owned by institutional investors and hedge funds.

Ziff Davis Stock Down 1.3%

Shares of Ziff Davis stock opened at $35.98 on Friday. The company has a fifty day moving average price of $37.39 and a 200 day moving average price of $33.86. The company has a current ratio of 1.59, a quick 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. The stock has a market cap of $1.48 billion, a price-to-earnings ratio of 23.99 and a beta of 1.60.

Ziff Davis (NASDAQ:ZD) last announced its quarterly earnings results on Wednesday, August 6th. The technology company reported $1.24 earnings per share for the quarter, topping analysts’ consensus estimates of $1.22 by $0.02. Ziff Davis had a net margin of 4.57% and a return on equity of 13.91%. The firm had revenue of $352.21 million during the quarter, compared to analysts’ expectations of $337.47 million. During the same period in the prior year, the company earned $1.18 EPS. The firm’s revenue was up 10.0% on a year-over-year basis. Equities research analysts forecast that Ziff Davis, Inc. will post 5.93 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Ziff Davis news, Director Sarah Ann Fay purchased 1,354 shares of the firm’s stock in a transaction that occurred on Monday, September 15th. The stock was purchased at an average cost of $36.89 per share, with a total value of $49,949.06. Following the transaction, the director owned 23,619 shares in the company, valued at approximately $871,304.91. This trade represents a 6.08% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 2.16% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Piper Sandler set a $40.00 price target on 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 research note on Saturday, August 9th. Barclays reissued a “positive” rating on shares of Ziff Davis in a research note on Friday, August 8th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Ziff Davis in a research note on Wednesday, October 8th. Two equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Ziff Davis currently has a consensus rating of “Hold” and a consensus target price of $38.83.

About Ziff Davis

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.