Ziff Davis, Inc. (NASDAQ:ZD) Shares Purchased by Hunter Perkins Capital Management LLC

Hunter Perkins Capital Management LLC raised its holdings in shares of Ziff Davis, Inc. (NASDAQ:ZD) by 4.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,855 shares of the technology company’s stock after buying an additional 565 shares during the period. Hunter Perkins Capital Management LLC’s holdings in Ziff Davis were worth $807,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of ZD. Victory Capital Management Inc. raised its stake in shares of Ziff Davis by 69.8% during the third quarter. Victory Capital Management Inc. now owns 53,905 shares of the technology company’s stock valued at $2,623,000 after purchasing an additional 22,155 shares during the period. Franklin Resources Inc. purchased a new stake in Ziff Davis during the 3rd quarter worth $986,000. Virtu Financial LLC acquired a new position in Ziff Davis in the 3rd quarter worth $503,000. Empowered Funds LLC purchased a new position in Ziff Davis in the 3rd quarter valued at about $7,210,000. Finally, Rice Hall James & Associates LLC grew its stake in shares of Ziff Davis by 11.0% during the third quarter. Rice Hall James & Associates LLC now owns 501,313 shares of the technology company’s stock valued at $24,394,000 after acquiring an additional 49,510 shares in the last quarter. 99.76% of the stock is currently owned by hedge funds and other institutional investors.

Ziff Davis Trading Down 2.4 %

NASDAQ:ZD opened at $53.05 on Monday. The company has a market cap of $2.27 billion, a PE ratio of 44.96 and a beta of 1.36. The business’s 50 day moving average is $56.00 and its two-hundred day moving average is $50.50. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.49. Ziff Davis, Inc. has a 52 week low of $37.76 and a 52 week high of $70.90.

Ziff Davis (NASDAQ:ZD) last posted its quarterly earnings results on Thursday, November 7th. The technology company reported $1.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.34 by $0.10. The business had revenue of $353.58 million for the quarter, compared to analyst estimates of $347.66 million. Ziff Davis had a return on equity of 13.98% and a net margin of 4.52%. During the same period in the prior year, the company posted $1.35 EPS. On average, analysts predict that Ziff Davis, Inc. will post 5.93 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on ZD. Barclays raised their price objective on Ziff Davis from $44.00 to $61.00 and gave the company an “equal weight” rating in a research note on Monday, November 11th. UBS Group decreased their price target on shares of Ziff Davis from $76.00 to $65.00 and set a “neutral” rating for the company in a research report on Tuesday, December 3rd. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Ziff Davis has a consensus rating of “Moderate Buy” and a consensus price target of $69.71.

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.