New York State Teachers Retirement System Has $2.96 Million Position in Ziff Davis, Inc. (NASDAQ:ZD)

New York State Teachers Retirement System lifted its holdings in Ziff Davis, Inc. (NASDAQ:ZD) by 2.8% in the 3rd quarter, Holdings Channel.com reports. The firm owned 60,762 shares of the technology company’s stock after buying an additional 1,639 shares during the quarter. New York State Teachers Retirement System’s holdings in Ziff Davis were worth $2,957,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. Texas Permanent School Fund Corp increased its holdings in Ziff Davis by 1.3% during the 1st quarter. Texas Permanent School Fund Corp now owns 40,246 shares of the technology company’s stock worth $2,537,000 after purchasing an additional 522 shares in the last quarter. SG Americas Securities LLC grew its holdings in shares of Ziff Davis by 102.5% during the first quarter. SG Americas Securities LLC now owns 4,848 shares of the technology company’s stock worth $306,000 after buying an additional 2,454 shares in the last quarter. Headlands Technologies LLC grew its holdings in shares of Ziff Davis by 88.2% during the first quarter. Headlands Technologies LLC now owns 6,665 shares of the technology company’s stock worth $420,000 after buying an additional 3,124 shares in the last quarter. QRG Capital Management Inc. raised its position in Ziff Davis by 4.6% in the 1st quarter. QRG Capital Management Inc. now owns 17,623 shares of the technology company’s stock valued at $1,111,000 after buying an additional 777 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted its stake in Ziff Davis by 0.5% in the 1st quarter. Russell Investments Group Ltd. now owns 80,020 shares of the technology company’s stock valued at $5,044,000 after acquiring an additional 434 shares in the last quarter. 99.76% of the stock is owned by institutional investors.

Ziff Davis Price Performance

NASDAQ:ZD opened at $48.99 on Friday. The stock has a market capitalization of $2.19 billion, a PE ratio of 30.24 and a beta of 1.29. Ziff Davis, Inc. has a 1-year low of $37.76 and a 1-year high of $70.90. The firm has a fifty day simple moving average of $47.44 and a 200 day simple moving average of $49.91. 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 (NASDAQ:ZD) last announced its quarterly earnings data on Wednesday, August 7th. The technology company reported $1.18 EPS for the quarter, missing analysts’ consensus estimates of $1.26 by ($0.08). The firm had revenue of $320.80 million during 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 was down 1.6% on a year-over-year basis. During the same period last year, the business earned $1.12 EPS. On average, research analysts expect that Ziff Davis, Inc. will post 6.1 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently weighed in on ZD. Barclays decreased their price target 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. Royal Bank of Canada restated an “outperform” rating and set a $95.00 target price on shares of Ziff Davis in a report on Friday, September 6th. Finally, Citigroup lowered their price target on shares of Ziff Davis from $52.00 to $47.00 and set a “neutral” rating on the stock in a research note on Friday, August 9th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, Ziff Davis 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.