Voya Investment Management LLC Sells 1,921 Shares of Ziff Davis, Inc. $ZD

Voya Investment Management LLC lessened its holdings in shares of Ziff Davis, Inc. (NASDAQ:ZD) by 14.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,381 shares of the technology company’s stock after selling 1,921 shares during the quarter. Voya Investment Management LLC’s holdings in Ziff Davis were worth $428,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of ZD. GAMMA Investing LLC grew its position in shares of Ziff Davis by 148.4% during the 1st quarter. GAMMA Investing LLC now owns 713 shares of the technology company’s stock valued at $27,000 after purchasing an additional 426 shares in the last quarter. State of Wyoming acquired a new position in Ziff Davis during the 1st quarter valued at approximately $39,000. Caitong International Asset Management Co. Ltd purchased a new stake in Ziff Davis during the first quarter worth $57,000. PNC Financial Services Group Inc. increased its position in Ziff Davis by 75.7% during the first quarter. PNC Financial Services Group Inc. now owns 6,139 shares of the technology company’s stock worth $231,000 after purchasing an additional 2,645 shares during the last quarter. Finally, Martingale Asset Management L P acquired a new position in shares of Ziff Davis in the first quarter valued at approximately $242,000. Institutional investors own 99.76% of the company’s stock.

Insiders Place Their Bets

In other news, Director Sarah Ann Fay acquired 1,354 shares of Ziff Davis stock in a transaction dated Monday, September 15th. The stock was acquired at an average cost of $36.89 per share, for a total transaction of $49,949.06. Following the completion of the purchase, the director owned 23,619 shares of the company’s stock, valued at $871,304.91. This represents a 6.08% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 2.16% of the company’s stock.

Ziff Davis Trading Up 1.1%

Shares of Ziff Davis stock opened at $36.87 on Friday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.59 and a current ratio of 1.59. The company has a market capitalization of $1.51 billion, a P/E ratio of 24.58 and a beta of 1.58. The company has a fifty day moving average of $35.70 and a 200 day moving average of $34.14. Ziff Davis, Inc. has a fifty-two week low of $28.55 and a fifty-two week high of $60.62.

Ziff Davis (NASDAQ:ZD) last released its quarterly earnings results on Wednesday, August 6th. The technology company reported $1.24 EPS for the quarter, beating the consensus estimate of $1.22 by $0.02. Ziff Davis had a net margin of 4.57% and a return on equity of 13.91%. The company had revenue of $352.21 million for the quarter, compared to analyst estimates of $337.47 million. During the same quarter last year, the business earned $1.18 earnings per share. The firm’s revenue was up 10.0% on a year-over-year basis. On average, sell-side analysts anticipate that Ziff Davis, Inc. will post 5.93 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently weighed in on ZD. Barclays reaffirmed a “positive” rating on shares of Ziff Davis in a research note on Friday, August 8th. Piper Sandler set a $40.00 price target on Ziff Davis in a report on Friday, August 8th. Finally, Wall Street Zen upgraded Ziff Davis from a “hold” rating to a “buy” rating in a report on Saturday, August 9th. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $38.83.

About Ziff Davis

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.