Foster & Motley Inc. Has $344,000 Position in Ziff Davis, Inc. (NASDAQ:ZD)

Foster & Motley Inc. lessened its holdings in Ziff Davis, Inc. (NASDAQ:ZD) by 19.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,122 shares of the technology company’s stock after selling 1,247 shares during the period. Foster & Motley Inc.’s holdings in Ziff Davis were worth $344,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Cardinal Capital Management grew its holdings in shares of Ziff Davis by 0.9% in the 4th quarter. Cardinal Capital Management now owns 18,857 shares of the technology company’s stock worth $1,267,000 after purchasing an additional 168 shares during the last quarter. Arizona State Retirement System grew its stake in Ziff Davis by 1.4% during the third quarter. Arizona State Retirement System now owns 13,463 shares of the technology company’s stock worth $857,000 after buying an additional 182 shares during the last quarter. Skandinaviska Enskilda Banken AB publ grew its stake in Ziff Davis by 2.5% during the third quarter. Skandinaviska Enskilda Banken AB publ now owns 8,300 shares of the technology company’s stock worth $529,000 after buying an additional 200 shares during the last quarter. Blue Trust Inc. increased its holdings in shares of Ziff Davis by 31.5% during the fourth quarter. Blue Trust Inc. now owns 851 shares of the technology company’s stock worth $54,000 after buying an additional 204 shares in the last quarter. Finally, AlphaMark Advisors LLC raised its stake in shares of Ziff Davis by 6.7% in the fourth quarter. AlphaMark Advisors LLC now owns 3,961 shares of the technology company’s stock valued at $266,000 after acquiring an additional 248 shares during the last quarter. Institutional investors own 99.76% of the company’s stock.

Ziff Davis Stock Down 1.4 %

Shares of NASDAQ ZD opened at $52.24 on Thursday. Ziff Davis, Inc. has a 1 year low of $50.13 and a 1 year high of $75.58. The firm’s 50-day moving average is $62.13 and its 200-day moving average is $63.88. The company has a current ratio of 2.76, a quick ratio of 2.76 and a debt-to-equity ratio of 0.53. The firm has a market capitalization of $2.41 billion, a PE ratio of 63.71 and a beta of 1.19.

Ziff Davis (NASDAQ:ZD) last issued its earnings results on Wednesday, February 21st. The technology company reported $2.19 EPS for the quarter, beating the consensus estimate of $2.17 by $0.02. Ziff Davis had a net margin of 3.04% and a return on equity of 13.97%. The company had revenue of $389.89 million during the quarter, compared to analysts’ expectations of $400.71 million. Equities analysts expect that Ziff Davis, Inc. will post 6.23 EPS for the current year.

Insiders Place Their Bets

In other news, EVP Jeremy Rossen sold 4,162 shares of the company’s stock in a transaction dated 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 sale, the executive vice president now directly owns 7,261 shares of the company’s stock, valued at approximately $504,131.23. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 2.08% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Royal Bank of Canada restated an “outperform” rating and set a $95.00 price target on shares of Ziff Davis in a research report on Friday, February 23rd. UBS Group lowered their target price on Ziff Davis from $77.00 to $76.00 and set a “neutral” rating for the company in a research note on Tuesday, March 5th. Barclays upped their price target on shares of Ziff Davis from $66.00 to $68.00 and gave the stock an “equal weight” rating in a research report on Friday, February 23rd. Wedbush boosted their target price on shares of Ziff Davis from $75.00 to $78.00 and gave the stock an “outperform” rating in a research note on Friday, February 23rd. Finally, Evercore ISI increased their price target on shares of Ziff Davis from $75.00 to $80.00 and gave the company an “outperform” rating in a research note on Friday, February 23rd. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $81.17.

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.