Segall Bryant & Hamill LLC Acquires New Shares in Ziff Davis, Inc. (NASDAQ:ZD)

Segall Bryant & Hamill LLC bought a new position in Ziff Davis, Inc. (NASDAQ:ZD) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 23,425 shares of the technology company’s stock, valued at approximately $1,273,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Janus Henderson Group PLC lifted its holdings in shares of Ziff Davis by 2.0% during the 3rd quarter. Janus Henderson Group PLC now owns 3,214,600 shares of the technology company’s stock valued at $156,422,000 after buying an additional 62,261 shares during the period. Geode Capital Management LLC lifted its holdings in Ziff Davis by 3.0% in the third quarter. Geode Capital Management LLC now owns 1,274,762 shares of the technology company’s stock valued at $62,040,000 after acquiring an additional 36,863 shares during the period. Pacer Advisors Inc. boosted its position in Ziff Davis by 100,954.3% in the fourth quarter. Pacer Advisors Inc. now owns 1,267,221 shares of the technology company’s stock worth $68,861,000 after purchasing an additional 1,265,967 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Ziff Davis by 9.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 757,944 shares of the technology company’s stock valued at $41,187,000 after purchasing an additional 62,402 shares during the period. Finally, Brave Asset Management Inc. increased its position in shares of Ziff Davis by 3.9% during the 4th quarter. Brave Asset Management Inc. now owns 363,527 shares of the technology company’s stock valued at $19,754,000 after purchasing an additional 13,659 shares during the last quarter. Institutional investors own 99.76% of the company’s stock.

Ziff Davis Stock Performance

Shares of NASDAQ ZD opened at $38.15 on Friday. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.42 and a quick ratio of 1.42. Ziff Davis, Inc. has a 1 year low of $37.62 and a 1 year high of $63.41. The firm has a fifty day moving average price of $47.20 and a 200-day moving average price of $50.49. The stock has a market cap of $1.63 billion, a PE ratio of 32.33 and a beta of 1.42.

Insiders Place Their Bets

In related news, CFO Bret Richter purchased 2,500 shares of the firm’s stock in a transaction on Wednesday, March 5th. The shares were acquired at an average price of $39.21 per share, for a total transaction of $98,025.00. Following the purchase, the chief financial officer now directly owns 16,339 shares in the company, valued at $640,652.19. This trade represents a 18.06 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director W Brian Kretzmer bought 653 shares of the firm’s stock in a transaction that occurred on Thursday, March 6th. The stock was purchased at an average price of $38.33 per share, for a total transaction of $25,029.49. Following the completion of the transaction, the director now directly owns 12,968 shares of the company’s stock, valued at $497,063.44. This represents a 5.30 % increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 5,028 shares of company stock worth $198,024. Corporate insiders own 2.33% of the company’s stock.

Wall Street Analysts Forecast Growth

ZD has been the subject of several recent research reports. UBS Group cut their target price on shares of Ziff Davis from $65.00 to $56.00 and set a “neutral” rating for the company in a research report on Wednesday, February 26th. Citigroup reduced their price objective on Ziff Davis from $58.00 to $52.00 and set a “neutral” rating for the company in a research note on Wednesday, February 26th. Finally, JPMorgan Chase & Co. lowered their target price on Ziff Davis from $70.00 to $60.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 26th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $65.67.

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.