Intech Investment Management LLC Invests $223,000 in Ziff Davis, Inc. (NASDAQ:ZD)

Intech Investment Management LLC purchased a new position in shares of Ziff Davis, Inc. (NASDAQ:ZD) in the second quarter, according to its most recent disclosure with the SEC. The firm purchased 4,046 shares of the technology company’s stock, valued at approximately $223,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Rothschild Investment LLC acquired a new position in shares of Ziff Davis during the 2nd quarter valued at about $25,000. OLD Point Trust & Financial Services N A acquired a new position in shares of Ziff Davis during the 4th quarter valued at about $34,000. Quest Partners LLC acquired a new position in shares of Ziff Davis during the 2nd quarter valued at about $38,000. Innealta Capital LLC acquired a new position in shares of Ziff Davis during the 2nd quarter valued at about $75,000. Finally, Blue Trust Inc. increased its holdings in shares of Ziff Davis by 72.4% during the 2nd quarter. Blue Trust Inc. now owns 1,686 shares of the technology company’s stock valued at $93,000 after acquiring an additional 708 shares during the last quarter. 99.76% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on ZD shares. Barclays lowered their price objective on Ziff Davis from $58.00 to $44.00 and set an “equal weight” rating on the stock in a report on Friday, August 9th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $95.00 price target on shares of Ziff Davis in a research report on Friday, September 6th. Finally, Citigroup dropped their price target on Ziff Davis from $52.00 to $47.00 and set a “neutral” rating on the stock in a research report on Friday, August 9th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $71.50.

Ziff Davis Stock Performance

ZD opened at $48.85 on Friday. The stock has a market cap of $2.19 billion, a PE ratio of 40.37 and a beta of 1.29. The company has a current ratio of 1.91, a quick ratio of 1.91 and a debt-to-equity ratio of 0.54. Ziff Davis, Inc. has a 1 year low of $37.76 and a 1 year high of $70.90. The stock’s 50 day simple moving average is $46.76 and its 200-day simple moving average is $52.44.

Ziff Davis (NASDAQ:ZD) last released its quarterly earnings data on Wednesday, August 7th. The technology company reported $1.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.26 by ($0.08). The firm had revenue of $320.80 million for the quarter, compared to the consensus estimate of $332.44 million. Ziff Davis had a net margin of 5.86% and a return on equity of 13.81%. The business’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.12 earnings per share. Sell-side analysts forecast that Ziff Davis, Inc. will post 6.1 EPS for the current year.

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.