Illinois Municipal Retirement Fund Boosts Stock Holdings in Zoom Communications, Inc. $ZM

Illinois Municipal Retirement Fund lifted its stake in Zoom Communications, Inc. (NASDAQ:ZM) by 29.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 291,579 shares of the company’s stock after buying an additional 66,167 shares during the period. Illinois Municipal Retirement Fund owned approximately 0.10% of Zoom Communications worth $22,737,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the stock. SouthState Corp bought a new position in shares of Zoom Communications in the first quarter worth approximately $25,000. REAP Financial Group LLC grew its holdings in Zoom Communications by 181.7% in the 2nd quarter. REAP Financial Group LLC now owns 355 shares of the company’s stock worth $28,000 after acquiring an additional 229 shares during the last quarter. GKV Capital Management Co. Inc. purchased a new position in shares of Zoom Communications in the first quarter valued at about $31,000. FNY Investment Advisers LLC bought a new position in shares of Zoom Communications during the second quarter valued at about $31,000. Finally, Brooklyn Investment Group boosted its holdings in shares of Zoom Communications by 277.8% during the first quarter. Brooklyn Investment Group now owns 442 shares of the company’s stock worth $33,000 after purchasing an additional 325 shares during the period. 66.54% of the stock is currently owned by hedge funds and other institutional investors.

Zoom Communications Stock Down 0.6%

Shares of ZM opened at $81.69 on Monday. Zoom Communications, Inc. has a 52 week low of $64.41 and a 52 week high of $92.80. The stock has a market cap of $24.72 billion, a P/E ratio of 21.55, a P/E/G ratio of 11.15 and a beta of 0.79. The business’s 50 day moving average price is $83.00 and its 200-day moving average price is $79.33.

Zoom Communications (NASDAQ:ZM) last posted its quarterly earnings results on Thursday, August 21st. The company reported $0.99 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.38 by ($0.39). Zoom Communications had a return on equity of 11.91% and a net margin of 24.99%.The company had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.20 billion. During the same period in the prior year, the firm earned $1.39 EPS. Zoom Communications’s revenue for the quarter was up 4.7% compared to the same quarter last year. Zoom Communications has set its FY 2026 guidance at 5.810-5.840 EPS. Q3 2026 guidance at 1.420-1.44 EPS. On average, equities analysts anticipate that Zoom Communications, Inc. will post 2.93 EPS for the current year.

Insider Activity

In other Zoom Communications news, COO Aparna Bawa sold 10,528 shares of the company’s stock in a transaction dated Thursday, October 16th. The shares were sold at an average price of $79.77, for a total transaction of $839,818.56. Following the transaction, the chief operating officer owned 1,978 shares in the company, valued at approximately $157,785.06. This represents a 84.18% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Michelle Chang sold 33,956 shares of the firm’s stock in a transaction dated Friday, October 10th. The shares were sold at an average price of $82.00, for a total transaction of $2,784,392.00. Following the sale, the chief financial officer directly owned 20,539 shares in the company, valued at approximately $1,684,198. The trade was a 62.31% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 321,470 shares of company stock valued at $26,684,150. Company insiders own 10.78% of the company’s stock.

Wall Street Analyst Weigh In

ZM has been the subject of a number of recent analyst reports. Robert W. Baird lowered their price target on Zoom Communications from $100.00 to $95.00 and set an “outperform” rating for the company in a research report on Friday, August 22nd. Weiss Ratings restated a “hold (c+)” rating on shares of Zoom Communications in a report on Tuesday, October 14th. Mizuho lifted their price target on shares of Zoom Communications from $95.00 to $100.00 and gave the company an “outperform” rating in a report on Tuesday, August 26th. Zacks Research raised shares of Zoom Communications from a “hold” rating to a “strong-buy” rating in a research report on Thursday, September 18th. Finally, Wedbush reaffirmed an “outperform” rating and set a $95.00 target price on shares of Zoom Communications in a research note on Friday, August 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, fifteen have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $91.74.

About Zoom Communications

Zoom Video Communications, Inc provides unified communications platform in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. The company offers Zoom Meetings that offers HD video, voice, chat, and content sharing through mobile devices, desktops, laptops, telephones, and conference room systems; Zoom Phone, an enterprise cloud phone system; and Zoom Chat enables users to share messages, images, audio files, and content in desktop, laptop, tablet, and mobile devices.