Blue Trust Inc. Buys 708 Shares of Ziff Davis, Inc. (NASDAQ:ZD)

Blue Trust Inc. boosted its position in shares of Ziff Davis, Inc. (NASDAQ:ZD) by 72.4% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,686 shares of the technology company’s stock after purchasing an additional 708 shares during the quarter. Blue Trust Inc.’s holdings in Ziff Davis were worth $93,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in ZD. OLD Point Trust & Financial Services N A bought a new position in Ziff Davis in the fourth quarter worth approximately $34,000. EverSource Wealth Advisors LLC lifted its stake in shares of Ziff Davis by 362.2% during the 4th quarter. EverSource Wealth Advisors LLC now owns 513 shares of the technology company’s stock worth $34,000 after purchasing an additional 402 shares during the last quarter. First Horizon Advisors Inc. lifted its stake in shares of Ziff Davis by 32.2% during the 4th quarter. First Horizon Advisors Inc. now owns 686 shares of the technology company’s stock worth $46,000 after purchasing an additional 167 shares during the last quarter. Bfsg LLC bought a new stake in Ziff Davis during the first quarter valued at about $49,000. Finally, Signaturefd LLC grew its stake in Ziff Davis by 86.2% in the fourth quarter. Signaturefd LLC now owns 996 shares of the technology company’s stock valued at $67,000 after purchasing an additional 461 shares during the last quarter. Hedge funds and other institutional investors own 99.76% of the company’s stock.

Ziff Davis Trading Down 0.1 %

NASDAQ:ZD opened at $44.90 on Wednesday. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 0.53. The firm has a fifty day simple moving average of $49.19 and a 200-day simple moving average of $56.03. Ziff Davis, Inc. has a 12 month low of $37.76 and a 12 month high of $70.90. The company has a market capitalization of $2.07 billion, a P/E ratio of 37.11 and a beta of 1.29.

Ziff Davis (NASDAQ:ZD) last announced its quarterly earnings data on Wednesday, August 7th. The technology company reported $1.18 earnings per share for the quarter, missing analysts’ consensus estimates of $1.26 by ($0.08). Ziff Davis had a net margin of 4.36% and a return on equity of 14.26%. The firm had revenue of $320.80 million during the quarter, compared to analyst estimates of $332.44 million. During the same period in the prior year, the company posted $1.12 earnings per share. The firm’s revenue for the quarter was down 1.6% on a year-over-year basis. On average, equities research analysts anticipate that Ziff Davis, Inc. will post 6.09 earnings per share for the current year.

Analyst Ratings Changes

ZD has been the topic of a number of recent analyst reports. Citigroup lowered their price target on shares of Ziff Davis from $52.00 to $47.00 and set a “neutral” rating on the stock in a report on Friday, August 9th. Wedbush lowered their target price on shares of Ziff Davis from $78.00 to $70.00 and set an “outperform” rating for the company in a research note on Friday, May 10th. JPMorgan Chase & Co. raised Ziff Davis from a “neutral” rating to an “overweight” rating and set a $70.00 price target on the stock in a research report on Thursday, May 2nd. Finally, Barclays lowered their price objective on Ziff Davis from $58.00 to $44.00 and set an “equal weight” rating for the company in a research report on Friday, August 9th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $71.50.

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.