Illinois Municipal Retirement Fund Invests $1.28 Million in Ziff Davis, Inc. (NASDAQ:ZD)

Illinois Municipal Retirement Fund bought a new position in Ziff Davis, Inc. (NASDAQ:ZD - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 23,618 shares of the technology company's stock, valued at approximately $1,283,000. Illinois Municipal Retirement Fund owned approximately 0.06% of Ziff Davis as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Janus Henderson Group PLC boosted 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 worth $156,422,000 after buying an additional 62,261 shares during the period. Geode Capital Management LLC boosted its holdings in Ziff Davis by 3.0% during 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. grew its position in shares of 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 valued at $68,861,000 after purchasing an additional 1,265,967 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Ziff Davis by 9.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 695,542 shares of the technology company's stock worth $33,845,000 after purchasing an additional 60,472 shares during the period. Finally, Brave Asset Management Inc. lifted 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 worth $19,754,000 after purchasing an additional 13,659 shares during the last quarter. Institutional investors and hedge funds own 99.76% of the company's stock.

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Insiders Place Their Bets

In other Ziff Davis news, Director Sarah Ann Fay purchased 1,282 shares of the business's stock in a transaction on Tuesday, March 4th. The stock was purchased at an average price of $39.00 per share, for a total transaction of $49,998.00. Following the completion of the purchase, the director now directly owns 18,655 shares in the company, valued at approximately $727,545. This trade represents a 7.38 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 2.08% of the company's stock.

Ziff Davis Stock Performance

Shares of ZD traded down $0.91 on Wednesday, reaching $38.17. 654,986 shares of the stock traded hands, compared to its average volume of 384,397. The stock's 50-day moving average price is $52.03 and its 200-day moving average price is $51.34. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.42 and a quick ratio of 1.42. The firm has a market cap of $1.64 billion, a price-to-earnings ratio of 32.35 and a beta of 1.36. Ziff Davis, Inc. has a 12 month low of $37.76 and a 12 month high of $68.91.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. UBS Group lowered their target price on Ziff Davis from $65.00 to $56.00 and set a "neutral" rating on the stock in a report on Wednesday, February 26th. JPMorgan Chase & Co. lowered their price objective on shares of Ziff Davis from $70.00 to $60.00 and set an "overweight" rating on the stock in a research note on Wednesday, February 26th. Barclays upped their target price on shares of Ziff Davis from $44.00 to $61.00 and gave the company an "equal weight" rating in a research note on Monday, November 11th. Finally, Citigroup reduced their price target on shares of Ziff Davis from $58.00 to $52.00 and set a "neutral" rating for the company in a report on Wednesday, February 26th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Ziff Davis presently has an average rating of "Moderate Buy" and a consensus target price of $65.67.

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.