Illinois Municipal Retirement Fund Takes $1.28 Million Position in Ziff Davis, Inc. (NASDAQ:ZD)

Illinois Municipal Retirement Fund acquired a new stake in Ziff Davis, Inc. (NASDAQ:ZD) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 23,618 shares of the technology company’s stock, valued at approximately $1,283,000. Illinois Municipal Retirement Fund owned 0.06% of Ziff Davis as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also made changes to their positions in the business. First Horizon Advisors Inc. boosted its stake in shares of Ziff Davis by 42.9% in the fourth quarter. First Horizon Advisors Inc. now owns 866 shares of the technology company’s stock valued at $47,000 after purchasing an additional 260 shares during the period. Handelsbanken Fonder AB lifted its stake in Ziff Davis by 22.4% in the fourth quarter. Handelsbanken Fonder AB now owns 12,016 shares of the technology company’s stock worth $653,000 after acquiring an additional 2,200 shares during the last quarter. Empowered Funds LLC lifted its stake in Ziff Davis by 18.6% in the fourth quarter. Empowered Funds LLC now owns 175,767 shares of the technology company’s stock worth $9,551,000 after acquiring an additional 27,592 shares during the last quarter. Choreo LLC lifted its stake in Ziff Davis by 28.8% in the fourth quarter. Choreo LLC now owns 10,369 shares of the technology company’s stock worth $566,000 after acquiring an additional 2,318 shares during the last quarter. Finally, Mount Yale Investment Advisors LLC purchased a new position in Ziff Davis in the fourth quarter worth approximately $318,000. Hedge funds and other institutional investors own 99.76% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Citigroup decreased their price target on shares of Ziff Davis from $58.00 to $52.00 and set a “neutral” rating for the company in a research note on Wednesday. UBS Group decreased their price target on shares of Ziff Davis from $65.00 to $56.00 and set a “neutral” rating for the company in a research note on Wednesday. Barclays lifted their price target on shares of Ziff Davis from $44.00 to $61.00 and gave the stock an “equal weight” rating in a research note on Monday, November 11th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Ziff Davis from $70.00 to $60.00 and set an “overweight” rating on the stock in a report on Wednesday. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $65.67.

Ziff Davis Stock Down 0.6 %

ZD stock opened at $41.06 on Friday. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.49. Ziff Davis, Inc. has a twelve month low of $37.76 and a twelve month high of $70.02. The company’s 50 day moving average is $52.69 and its two-hundred day moving average is $51.32. The stock has a market cap of $1.76 billion, a P/E ratio of 34.80 and a beta of 1.36.

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.