Illinois Municipal Retirement Fund Takes $1.28 Million Position in Ziff Davis, Inc. (NASDAQ:ZD)

Illinois Municipal Retirement Fund acquired a new position in shares of Ziff Davis, Inc. (NASDAQ:ZD) in the fourth quarter, HoldingsChannel.com reports. The fund acquired 23,618 shares of the technology company’s stock, valued at approximately $1,283,000.

A number of other large investors also recently bought and sold shares of the company. TD Private Client Wealth LLC raised its position in Ziff Davis by 19.2% during the 3rd quarter. TD Private Client Wealth LLC now owns 1,549 shares of the technology company’s stock worth $75,000 after buying an additional 249 shares during the last quarter. First Horizon Advisors Inc. raised its position in Ziff Davis by 42.9% during the 4th quarter. First Horizon Advisors Inc. now owns 866 shares of the technology company’s stock worth $47,000 after buying an additional 260 shares during the last quarter. Central Pacific Bank Trust Division raised its position in Ziff Davis by 17.9% during the 4th quarter. Central Pacific Bank Trust Division now owns 3,220 shares of the technology company’s stock worth $175,000 after buying an additional 490 shares during the last quarter. Hunter Perkins Capital Management LLC raised its position in Ziff Davis by 4.0% during the 4th quarter. Hunter Perkins Capital Management LLC now owns 14,855 shares of the technology company’s stock worth $807,000 after buying an additional 565 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of Ziff Davis during the 3rd quarter worth $37,000. Hedge funds and other institutional investors own 99.76% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on ZD shares. Citigroup lowered their price target on shares of Ziff Davis from $58.00 to $52.00 and set a “neutral” rating on the stock in a research note on Wednesday. UBS Group lowered their price target on shares of Ziff Davis from $65.00 to $56.00 and set a “neutral” rating on the stock in a research note on Wednesday. JPMorgan Chase & Co. lowered their price target on shares of Ziff Davis from $70.00 to $60.00 and set an “overweight” rating on the stock in a research note on Wednesday. Finally, Barclays upped their price target on shares of Ziff Davis from $44.00 to $61.00 and gave the stock an “equal weight” rating in a research note on Monday, November 11th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $65.67.

Ziff Davis Price Performance

Shares of NASDAQ ZD opened at $41.06 on Friday. The stock has a market cap of $1.76 billion, a price-to-earnings ratio of 34.80 and a beta of 1.36. Ziff Davis, Inc. has a 52 week low of $37.76 and a 52 week high of $70.02. The company’s 50-day moving average price is $52.69 and its 200 day moving average price is $51.32. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.49.

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.