Royce & Associates LP Has $69.46 Million Holdings in Ziff Davis, Inc. (NASDAQ:ZD)

Royce & Associates LP lessened its holdings in Ziff Davis, Inc. (NASDAQ:ZD) by 33.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,278,270 shares of the technology company’s stock after selling 644,651 shares during the period. Ziff Davis comprises 0.6% of Royce & Associates LP’s holdings, making the stock its 22nd biggest holding. Royce & Associates LP’s holdings in Ziff Davis were worth $69,461,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ZD. Janney Montgomery Scott LLC bought a new position in Ziff Davis in the third quarter valued at about $809,000. Principal Financial Group Inc. grew its position in Ziff Davis by 36.4% in the third quarter. Principal Financial Group Inc. now owns 210,989 shares of the technology company’s stock valued at $10,267,000 after acquiring an additional 56,352 shares during the last quarter. Atria Investments Inc grew its holdings in shares of Ziff Davis by 36.3% during the third quarter. Atria Investments Inc now owns 8,396 shares of the technology company’s stock worth $409,000 after purchasing an additional 2,234 shares during the last quarter. GSA Capital Partners LLP bought a new stake in shares of Ziff Davis during the third quarter worth about $775,000. Finally, Victory Capital Management Inc. grew its holdings 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 worth $2,623,000 after purchasing an additional 22,155 shares during the last quarter. Institutional investors own 99.76% of the company’s stock.

Ziff Davis Stock Performance

Shares of ZD stock opened at $40.25 on Friday. The business’s 50 day simple moving average is $49.54 and its 200 day simple moving average is $50.95. Ziff Davis, Inc. has a one year low of $37.62 and a one year high of $64.04. The stock has a market capitalization of $1.72 billion, a PE ratio of 34.11 and a beta of 1.42. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.42 and a quick ratio of 1.42.

Insider Activity at Ziff Davis

In other Ziff Davis news, Director W Brian Kretzmer purchased 653 shares of the company’s stock in a transaction on Thursday, March 6th. The shares were purchased at an average cost of $38.33 per share, with a total value of $25,029.49. Following the completion of the purchase, the director now owns 12,968 shares in the company, valued at $497,063.44. This represents a 5.30 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Sarah Ann Fay purchased 1,282 shares of the company’s stock in a transaction on Tuesday, March 4th. The stock was acquired at an average cost of $39.00 per share, for a total transaction of $49,998.00. Following the completion of the purchase, the director now owns 18,655 shares of the company’s stock, valued at approximately $727,545. This trade represents a 7.38 % increase in their position. The disclosure for this purchase can be found here. Insiders have purchased 5,028 shares of company stock worth $198,024 over the last ninety days. Insiders own 2.08% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. UBS Group reduced their price target on Ziff Davis from $65.00 to $56.00 and set a “neutral” rating on the stock in a report on Wednesday, February 26th. Citigroup reduced their price target on Ziff Davis from $58.00 to $52.00 and set a “neutral” rating on the stock in a report on Wednesday, February 26th. Finally, JPMorgan Chase & Co. reduced their price target on Ziff Davis from $70.00 to $60.00 and set an “overweight” rating on the stock in a report on Wednesday, February 26th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $65.67.

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.