Everence Capital Management Inc. Takes $257,000 Position in Ziff Davis, Inc. (NASDAQ:ZD)

Everence Capital Management Inc. purchased a new stake in shares of Ziff Davis, Inc. (NASDAQ:ZD) in the third quarter, according to its most recent filing with the SEC. The firm purchased 5,290 shares of the technology company’s stock, valued at approximately $257,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of ZD. Dimensional Fund Advisors LP raised its position in shares of Ziff Davis by 14.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,057,314 shares of the technology company’s stock worth $113,255,000 after purchasing an additional 257,056 shares during the last quarter. AQR Capital Management LLC raised its position in shares of Ziff Davis by 453.7% during the 2nd quarter. AQR Capital Management LLC now owns 278,564 shares of the technology company’s stock worth $15,204,000 after purchasing an additional 228,257 shares during the last quarter. Retirement Systems of Alabama raised its position in shares of Ziff Davis by 63.6% during the 1st quarter. Retirement Systems of Alabama now owns 296,572 shares of the technology company’s stock worth $18,696,000 after purchasing an additional 115,258 shares during the last quarter. Rice Hall James & Associates LLC raised its position in shares of Ziff Davis by 9.4% during the 2nd quarter. Rice Hall James & Associates LLC now owns 451,803 shares of the technology company’s stock worth $24,872,000 after purchasing an additional 38,753 shares during the last quarter. Finally, AXA S.A. raised its position in shares of Ziff Davis by 52.4% during the 2nd quarter. AXA S.A. now owns 94,167 shares of the technology company’s stock worth $5,184,000 after purchasing an additional 32,367 shares during the last quarter. 99.76% of the stock is currently owned by institutional investors and hedge funds.

Ziff Davis Stock Up 1.3 %

Shares of NASDAQ ZD opened at $46.31 on Wednesday. Ziff Davis, Inc. has a 52-week low of $37.76 and a 52-week high of $70.90. The firm has a fifty day moving average of $47.01 and a 200-day moving average of $50.38. The stock has a market capitalization of $2.14 billion, a PE ratio of 38.27 and a beta of 1.29. The company has a quick ratio of 1.91, a current ratio of 1.91 and a debt-to-equity ratio of 0.54.

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

Analysts Set New Price Targets

ZD has been the subject of several research reports. Citigroup cut their price objective on Ziff Davis from $52.00 to $47.00 and set a “neutral” rating for the company in a research report on Friday, August 9th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $95.00 target price on shares of Ziff Davis in a research note on Friday, September 6th. Finally, Barclays lowered their target price on shares of Ziff Davis from $58.00 to $44.00 and set an “equal weight” rating for the company in a research note on Friday, August 9th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, Ziff Davis currently has an average rating of “Moderate Buy” and a consensus target price of $71.50.

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.