California Public Employees Retirement System Trims Stock Position in ZoomInfo Technologies Inc. (NASDAQ:ZI)

California Public Employees Retirement System lessened its position in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI - Free Report) by 10.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 464,109 shares of the company's stock after selling 56,069 shares during the quarter. California Public Employees Retirement System owned about 0.14% of ZoomInfo Technologies worth $4,878,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in ZI. Janus Henderson Group PLC grew its position in ZoomInfo Technologies by 24.3% in the 3rd quarter. Janus Henderson Group PLC now owns 289,092 shares of the company's stock valued at $2,984,000 after acquiring an additional 56,473 shares in the last quarter. Quantinno Capital Management LP boosted its stake in shares of ZoomInfo Technologies by 1,035.9% in the third quarter. Quantinno Capital Management LP now owns 161,168 shares of the company's stock valued at $1,663,000 after purchasing an additional 146,979 shares during the period. State Street Corp grew its holdings in shares of ZoomInfo Technologies by 2.0% in the third quarter. State Street Corp now owns 8,626,463 shares of the company's stock valued at $89,025,000 after purchasing an additional 165,440 shares in the last quarter. XTX Topco Ltd purchased a new stake in ZoomInfo Technologies during the 3rd quarter worth approximately $895,000. Finally, Barclays PLC lifted its holdings in ZoomInfo Technologies by 154.7% during the 3rd quarter. Barclays PLC now owns 342,495 shares of the company's stock worth $3,534,000 after buying an additional 208,015 shares in the last quarter. 95.47% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

ZI has been the topic of a number of recent research reports. Morgan Stanley upped their price objective on ZoomInfo Technologies from $11.00 to $13.00 and gave the stock an "equal weight" rating in a research report on Wednesday, February 26th. Citigroup increased their price target on ZoomInfo Technologies from $8.50 to $9.00 and gave the company a "sell" rating in a research report on Tuesday, February 11th. Barclays upped their target price on shares of ZoomInfo Technologies from $11.00 to $13.00 and gave the stock an "equal weight" rating in a research note on Wednesday, February 26th. Wells Fargo & Company lifted their price target on shares of ZoomInfo Technologies from $11.00 to $12.00 and gave the stock an "equal weight" rating in a research note on Wednesday, February 26th. Finally, Piper Sandler raised shares of ZoomInfo Technologies from an "underweight" rating to a "neutral" rating and lifted their price objective for the stock from $10.00 to $11.00 in a research report on Wednesday, February 26th. Five investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $11.92.

ZoomInfo Technologies Stock Performance

NASDAQ ZI traded up $0.15 on Monday, hitting $8.08. 206,956 shares of the company's stock were exchanged, compared to its average volume of 7,254,643. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.63 and a quick ratio of 0.63. The firm's 50-day moving average price is $10.16 and its two-hundred day moving average price is $10.40. The firm has a market cap of $2.77 billion, a price-to-earnings ratio of 267.02, a P/E/G ratio of 13.05 and a beta of 1.00. ZoomInfo Technologies Inc. has a fifty-two week low of $7.01 and a fifty-two week high of $16.98.

ZoomInfo Technologies (NASDAQ:ZI - Get Free Report) last released its quarterly earnings data on Tuesday, February 25th. The company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.07). ZoomInfo Technologies had a return on equity of 12.05% and a net margin of 0.74%. The business had revenue of $309.10 million during the quarter, compared to analysts' expectations of $297.64 million. On average, research analysts expect that ZoomInfo Technologies Inc. will post 0.59 EPS for the current year.

About ZoomInfo Technologies

ZoomInfo Technologies Inc, together with its subsidiaries, provides go-to-market intelligence and engagement platform for sales and marketing teams in the United States and internationally. The company's cloud-based platform provides information on organizations and professionals to help users identify target customers and decision makers, obtain continually updated predictive lead and company scoring, monitor buying signals and other attributes of target companies, craft messages, engage through automated sales tools, and track progress through the deal cycle.