Rice Hall James & Associates LLC Grows Stake in Ziff Davis, Inc. (NASDAQ:ZD)

Rice Hall James & Associates LLC grew its position in Ziff Davis, Inc. (NASDAQ:ZD - Free Report) by 11.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 501,313 shares of the technology company's stock after buying an additional 49,510 shares during the period. Ziff Davis accounts for approximately 1.3% of Rice Hall James & Associates LLC's investment portfolio, making the stock its 20th largest position. Rice Hall James & Associates LLC owned 1.09% of Ziff Davis worth $24,394,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Janus Henderson Group PLC raised its stake in shares of Ziff Davis by 0.3% in the 1st quarter. Janus Henderson Group PLC now owns 3,239,654 shares of the technology company's stock valued at $204,227,000 after acquiring an additional 10,303 shares during the period. Dimensional Fund Advisors LP raised its position in Ziff Davis by 14.3% in the second quarter. Dimensional Fund Advisors LP now owns 2,057,314 shares of the technology company's stock valued at $113,255,000 after purchasing an additional 257,056 shares during the period. Retirement Systems of Alabama lifted its stake in Ziff Davis by 21.4% during the second quarter. Retirement Systems of Alabama now owns 360,030 shares of the technology company's stock worth $19,820,000 after purchasing an additional 63,458 shares in the last quarter. AQR Capital Management LLC boosted its position in shares of Ziff Davis by 453.7% during the second quarter. AQR Capital Management LLC now owns 278,564 shares of the technology company's stock worth $15,204,000 after buying an additional 228,257 shares during the period. Finally, Assenagon Asset Management S.A. grew its stake in shares of Ziff Davis by 8.2% in the second quarter. Assenagon Asset Management S.A. now owns 113,196 shares of the technology company's stock valued at $6,231,000 after buying an additional 8,625 shares in the last quarter. Institutional investors and hedge funds own 99.76% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Citigroup lowered their target price on Ziff Davis from $52.00 to $47.00 and set a "neutral" rating for the company in a report on Friday, August 9th. Barclays lowered their price objective on shares of Ziff Davis from $58.00 to $44.00 and set an "equal weight" rating for the company in a research note on Friday, August 9th. Finally, Royal Bank of Canada restated an "outperform" rating and issued a $95.00 price objective on shares of Ziff Davis in a report on Friday, September 6th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, Ziff Davis currently has a consensus rating of "Moderate Buy" and an average price target of $71.50.

Ziff Davis Stock Up 0.2 %

Shares of ZD stock traded up $0.10 during trading hours on Friday, reaching $46.37. 342,335 shares of the stock were exchanged, compared to its average volume of 431,427. The business's fifty day moving average is $47.36 and its two-hundred day moving average is $49.98. The firm has a market capitalization of $2.07 billion, a P/E ratio of 28.62 and a beta of 1.29. Ziff Davis, Inc. has a 12-month low of $37.76 and a 12-month high of $70.90. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.91 and a quick ratio of 1.91.

Ziff Davis (NASDAQ:ZD - Get Free Report) last announced its quarterly earnings results on Wednesday, August 7th. The technology company reported $1.18 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.26 by ($0.08). Ziff Davis had a net margin of 5.86% and a return on equity of 13.81%. The business had revenue of $320.80 million during the quarter, compared to analyst estimates of $332.44 million. During the same period last year, the company earned $1.12 earnings per share. The business's revenue for the quarter was down 1.6% compared to the same quarter last year. As a group, research analysts expect that Ziff Davis, Inc. will post 6.1 EPS for the current fiscal year.

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.