Ziff Davis, Inc. (NASDAQ:ZD) Stock Position Lowered by Mountain Pacific Investment Advisers Inc. ID

Mountain Pacific Investment Advisers Inc. ID lowered its position in shares of Ziff Davis, Inc. (NASDAQ:ZD) by 1.2% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 302,008 shares of the technology company’s stock after selling 3,609 shares during the period. Mountain Pacific Investment Advisers Inc. ID’s holdings in Ziff Davis were worth $20,292,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Legal & General Group Plc grew its position in Ziff Davis by 11.3% in the third quarter. Legal & General Group Plc now owns 1,575,994 shares of the technology company’s stock worth $100,375,000 after buying an additional 159,839 shares during the last quarter. Glenmede Trust Co. NA grew its holdings in shares of Ziff Davis by 49.9% in the 3rd quarter. Glenmede Trust Co. NA now owns 175,694 shares of the technology company’s stock worth $11,190,000 after acquiring an additional 58,448 shares during the last quarter. Fort Washington Investment Advisors Inc. OH raised its position in shares of Ziff Davis by 19.4% during the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 274,583 shares of the technology company’s stock worth $18,449,000 after purchasing an additional 44,710 shares during the period. Victory Capital Management Inc. lifted its holdings in shares of Ziff Davis by 232.4% during the third quarter. Victory Capital Management Inc. now owns 54,066 shares of the technology company’s stock valued at $3,443,000 after purchasing an additional 37,800 shares during the last quarter. Finally, Assenagon Asset Management S.A. acquired a new position in shares of Ziff Davis in the 3rd quarter valued at $1,834,000. Institutional investors own 99.76% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Jeremy Rossen sold 4,162 shares of the company’s stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $69.43, for a total value of $288,967.66. Following the completion of the transaction, the executive vice president now directly owns 7,261 shares in the company, valued at $504,131.23. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 2.08% of the company’s stock.

Analyst Ratings Changes

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

Ziff Davis Trading Up 0.3 %

Shares of NASDAQ:ZD opened at $51.21 on Friday. Ziff Davis, Inc. has a 12-month low of $50.13 and a 12-month high of $75.58. The company has a quick ratio of 2.76, a current ratio of 2.76 and a debt-to-equity ratio of 0.53. The firm has a market capitalization of $2.36 billion, a P/E ratio of 62.45 and a beta of 1.19. The firm has a fifty day moving average of $61.53 and a two-hundred day moving average of $63.71.

Ziff Davis (NASDAQ:ZD) last posted its earnings results on Wednesday, February 21st. The technology company reported $2.19 earnings per share for the quarter, topping the consensus estimate of $2.17 by $0.02. Ziff Davis had a return on equity of 13.97% and a net margin of 3.04%. The firm had revenue of $389.89 million during the quarter, compared to analyst estimates of $400.71 million. On average, equities analysts expect that Ziff Davis, Inc. will post 6.23 EPS for the current fiscal year.

Ziff Davis Company 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.