Louisiana State Employees Retirement System Invests $867,000 in Ziff Davis, Inc. (NASDAQ:ZD)

Louisiana State Employees Retirement System bought a new position in Ziff Davis, Inc. (NASDAQ:ZD) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 12,900 shares of the technology company’s stock, valued at approximately $867,000.

Other large investors have also recently modified their holdings of the company. Fifth Third Bancorp increased its stake in shares of Ziff Davis by 337.5% in the third quarter. Fifth Third Bancorp now owns 490 shares of the technology company’s stock worth $31,000 after purchasing an additional 378 shares in the last quarter. Headinvest LLC purchased a new position in shares of Ziff Davis in the third quarter worth about $44,000. Blue Trust Inc. grew its stake in Ziff Davis by 31.5% during the fourth quarter. Blue Trust Inc. now owns 851 shares of the technology company’s stock valued at $54,000 after acquiring an additional 204 shares in the last quarter. Wolverine Asset Management LLC purchased a new position in Ziff Davis during the third quarter valued at approximately $225,000. Finally, AlphaMark Advisors LLC purchased a new position in Ziff Davis during the third quarter valued at approximately $236,000. Hedge funds and other institutional investors own 99.76% of the company’s stock.

Analysts Set New Price Targets

ZD has been the subject of several recent analyst reports. Barclays boosted their price objective on shares of Ziff Davis from $66.00 to $68.00 and gave the company an “equal weight” rating in a research note on Friday, February 23rd. Evercore ISI boosted their price objective 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. Wedbush boosted their price objective on shares of Ziff Davis from $75.00 to $78.00 and gave the company an “outperform” rating in a research note on Friday, February 23rd. Royal Bank of Canada reaffirmed an “outperform” rating and set a $95.00 price objective on shares of Ziff Davis in a research note on Friday, February 23rd. Finally, UBS Group reduced their price objective on shares of Ziff Davis from $77.00 to $76.00 and set a “neutral” rating for the company in a research note on Tuesday, March 5th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $81.17.

Ziff Davis Trading Down 2.2 %

Shares of Ziff Davis stock opened at $51.08 on Friday. Ziff Davis, Inc. has a 1 year low of $50.13 and a 1 year high of $75.58. The firm has a market cap of $2.36 billion, a PE ratio of 62.29 and a beta of 1.19. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.76 and a quick ratio of 2.76. The company has a 50 day simple moving average of $61.86 and a two-hundred day simple moving average of $63.80.

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

Insider Transactions at Ziff Davis

In other news, EVP Jeremy Rossen sold 4,162 shares of the business’s stock in a transaction that occurred on Thursday, February 29th. The shares were 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 in the company, valued at approximately $504,131.23. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 2.08% of the company’s stock.

Ziff Davis 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.