Ziff Davis, Inc. (NASDAQ:ZD) Shares Sold by Mountain Pacific Investment Advisers Inc. ID

Mountain Pacific Investment Advisers Inc. ID decreased its holdings in Ziff Davis, Inc. (NASDAQ:ZD) by 1.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 302,008 shares of the technology company’s stock after selling 3,609 shares during the quarter. Mountain Pacific Investment Advisers Inc. ID owned 0.66% of Ziff Davis worth $20,292,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Hunter Perkins Capital Management LLC purchased a new position in Ziff Davis in the third quarter valued at $256,000. Allspring Global Investments Holdings LLC grew its position in shares of Ziff Davis by 4.0% during the third quarter. Allspring Global Investments Holdings LLC now owns 681,835 shares of the technology company’s stock worth $43,426,000 after buying an additional 26,219 shares in the last quarter. Fifth Third Bancorp increased its stake in shares of 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 buying an additional 378 shares during the period. Panagora Asset Management Inc. raised its holdings in Ziff Davis by 18.8% in the third quarter. Panagora Asset Management Inc. now owns 9,430 shares of the technology company’s stock valued at $601,000 after acquiring an additional 1,491 shares in the last quarter. Finally, AlphaMark Advisors LLC acquired a new stake in Ziff Davis in the third quarter valued at approximately $236,000. Hedge funds and other institutional investors own 99.76% of the company’s stock.

Insider Activity

In other Ziff Davis news, EVP Jeremy Rossen sold 4,162 shares of the business’s stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $69.43, for a total transaction of $288,967.66. Following the sale, the executive vice president now directly owns 7,261 shares in the company, valued at $504,131.23. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 2.08% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on ZD. Royal Bank of Canada reaffirmed an “outperform” rating and set a $95.00 price target on shares of Ziff Davis in a report on Friday, February 23rd. UBS Group lowered their price target on Ziff Davis from $77.00 to $76.00 and set a “neutral” rating for the company in a report on Tuesday, March 5th. Barclays raised their price objective on shares of Ziff Davis from $66.00 to $68.00 and gave the stock an “equal weight” rating in a report on Friday, February 23rd. Wedbush upped their target price on shares of Ziff Davis from $75.00 to $78.00 and gave the company an “outperform” rating in a report on Friday, February 23rd. Finally, Evercore ISI increased their target price on shares of Ziff Davis from $75.00 to $80.00 and gave the company an “outperform” rating in a research report on Friday, February 23rd. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $81.17.

Ziff Davis Stock Up 0.3 %

Shares of NASDAQ:ZD opened at $51.21 on Friday. The company has a market cap of $2.36 billion, a price-to-earnings ratio of 62.45 and a beta of 1.19. Ziff Davis, Inc. has a fifty-two week low of $50.13 and a fifty-two week high of $75.58. The firm’s 50-day simple moving average is $61.53 and its 200-day simple moving average is $63.71. 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 (NASDAQ:ZD) last posted its quarterly earnings results on Wednesday, February 21st. The technology company reported $2.19 earnings per share for the quarter, beating analysts’ consensus estimates of $2.17 by $0.02. The firm had revenue of $389.89 million for the quarter, compared to the consensus estimate of $400.71 million. Ziff Davis had a return on equity of 13.97% and a net margin of 3.04%. As a group, equities research analysts predict that Ziff Davis, Inc. will post 6.23 earnings per share for the current year.

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.