Ziff Davis, Inc. (NASDAQ:ZD) Shares Sold by Wedge Capital Management L L P NC

Wedge Capital Management L L P NC trimmed its position in shares of Ziff Davis, Inc. (NASDAQ:ZD) by 4.3% during the fourth quarter, HoldingsChannel reports. The fund owned 15,358 shares of the technology company’s stock after selling 682 shares during the quarter. Wedge Capital Management L L P NC’s holdings in Ziff Davis were worth $1,032,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Fifth Third Bancorp boosted its holdings in Ziff Davis by 337.5% during the third quarter. Fifth Third Bancorp now owns 490 shares of the technology company’s stock worth $31,000 after buying an additional 378 shares in the last quarter. Headinvest LLC purchased a new stake in Ziff Davis during the third quarter worth about $44,000. Blue Trust Inc. boosted its holdings in Ziff Davis by 31.5% during the fourth quarter. Blue Trust Inc. now owns 851 shares of the technology company’s stock worth $54,000 after buying an additional 204 shares in the last quarter. Signaturefd LLC boosted its holdings in Ziff Davis by 86.2% during the fourth quarter. Signaturefd LLC now owns 996 shares of the technology company’s stock worth $67,000 after buying an additional 461 shares in the last quarter. Finally, Wolverine Asset Management LLC purchased a new stake in Ziff Davis during the third quarter worth about $225,000. 99.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, EVP Jeremy Rossen sold 4,162 shares of the company’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 transaction of $288,967.66. Following the completion of the transaction, the executive vice president now owns 7,261 shares of the company’s stock, valued at $504,131.23. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 2.08% of the company’s stock.

Ziff Davis Stock Performance

NASDAQ:ZD opened at $51.08 on Friday. The firm has a 50 day simple moving average of $61.86 and a 200-day simple moving average of $63.80. 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 firm has a market cap of $2.36 billion, a PE ratio of 62.29 and a beta of 1.19. Ziff Davis, Inc. has a 1-year low of $50.13 and a 1-year high of $75.58.

Ziff Davis (NASDAQ:ZD) last posted its quarterly earnings data on Wednesday, February 21st. The technology company reported $2.19 earnings per share for the quarter, beating analysts’ consensus estimates 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%. On average, equities analysts expect that Ziff Davis, Inc. will post 6.23 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. Wedbush boosted their price objective on shares of Ziff Davis from $75.00 to $78.00 and gave the stock an “outperform” rating in a report on Friday, February 23rd. UBS Group reduced their price target on shares of Ziff Davis from $77.00 to $76.00 and set a “neutral” rating on the stock in a report on Tuesday, March 5th. Barclays upped their price target on shares of Ziff Davis from $66.00 to $68.00 and gave the company an “equal weight” rating in a report on Friday, February 23rd. Evercore ISI upped their price target on shares of Ziff Davis from $75.00 to $80.00 and gave the company an “outperform” rating in a report on Friday, February 23rd. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $95.00 price target on shares of Ziff Davis in a report on Friday, February 23rd. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Ziff Davis presently has an average rating of “Moderate Buy” and a consensus price target of $81.17.

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.