Fiera Capital Corp Has $44.84 Million Holdings in GoDaddy Inc. (NYSE:GDDY)

Fiera Capital Corp cut its holdings in shares of GoDaddy Inc. (NYSE:GDDY) by 46.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 248,939 shares of the technology company’s stock after selling 217,514 shares during the quarter. Fiera Capital Corp owned about 0.18% of GoDaddy worth $44,844,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. HighPoint Advisor Group LLC lifted its holdings in shares of GoDaddy by 15.9% during the first quarter. HighPoint Advisor Group LLC now owns 2,134 shares of the technology company’s stock worth $402,000 after buying an additional 293 shares during the last quarter. Sowell Financial Services LLC acquired a new position in shares of GoDaddy during the first quarter worth approximately $291,000. DAVENPORT & Co LLC lifted its holdings in shares of GoDaddy by 7.7% during the first quarter. DAVENPORT & Co LLC now owns 1,967 shares of the technology company’s stock worth $354,000 after buying an additional 141 shares during the last quarter. LPL Financial LLC lifted its holdings in shares of GoDaddy by 22.9% during the fourth quarter. LPL Financial LLC now owns 66,109 shares of the technology company’s stock worth $13,048,000 after buying an additional 12,328 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its holdings in shares of GoDaddy by 13.5% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 5,883 shares of the technology company’s stock worth $1,060,000 after buying an additional 699 shares during the last quarter. 90.28% of the stock is currently owned by institutional investors and hedge funds.

GoDaddy Stock Performance

Shares of NYSE:GDDY opened at $166.02 on Tuesday. The business’s fifty day moving average price is $176.38 and its two-hundred day moving average price is $182.36. GoDaddy Inc. has a fifty-two week low of $140.51 and a fifty-two week high of $216.00. The stock has a market capitalization of $23.66 billion, a price-to-earnings ratio of 31.93 and a beta of 1.05. The company has a debt-to-equity ratio of 18.91, a current ratio of 0.56 and a quick ratio of 0.56.

GoDaddy (NYSE:GDDY) last announced its earnings results on Thursday, May 1st. The technology company reported $1.27 EPS for the quarter, missing the consensus estimate of $1.35 by ($0.08). The business had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.19 billion. GoDaddy had a return on equity of 211.09% and a net margin of 16.20%. GoDaddy’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.76 EPS. As a group, analysts predict that GoDaddy Inc. will post 6.63 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently commented on GDDY shares. Morgan Stanley cut their target price on GoDaddy from $228.00 to $206.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 16th. Wall Street Zen lowered GoDaddy from a “buy” rating to a “hold” rating in a research note on Tuesday, May 13th. Barclays cut their target price on GoDaddy from $243.00 to $235.00 and set an “overweight” rating for the company in a research note on Friday, May 2nd. Citigroup cut their target price on GoDaddy from $260.00 to $234.00 and set a “buy” rating for the company in a research note on Friday, April 25th. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a $225.00 target price on shares of GoDaddy in a research note on Monday, June 23rd. Seven analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, GoDaddy has a consensus rating of “Moderate Buy” and a consensus price target of $214.86.

Insider Activity at GoDaddy

In other news, CAO Phontip Palitwanon sold 2,173 shares of the stock in a transaction on Tuesday, June 10th. The stock was sold at an average price of $177.87, for a total transaction of $386,511.51. Following the sale, the chief accounting officer owned 21,198 shares in the company, valued at approximately $3,770,488.26. This represents a 9.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Brian Sharples sold 500 shares of the stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $179.68, for a total value of $89,840.00. Following the sale, the director owned 21,957 shares in the company, valued at $3,945,233.76. The trade was a 2.23% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 67,757 shares of company stock valued at $12,243,920. 0.61% of the stock is currently owned by company insiders.

About GoDaddy

GoDaddy Inc engages in the design and development of cloud-based products in the United States and internationally. It operates through two segments: Applications and Commerce, and Core Platform. The Applications and Commerce segment provides applications products, including Websites + Marketing, a mobile-optimized online tool that enables customers to build websites and e-commerce enabled online stores; and Managed WordPress, a streamlined and optimized website building that allows customers to easily build and manage a faster WordPress site; Managed WooCommerce Stores to sell anything and anywhere online; and marketing tools and services, such as GoDaddy Studio mobile application, search engine optimization, Meta and Google My Business, and email and social media marketing designed to help businesses acquire and engage customers and create content.