23,425 Shares in Ziff Davis, Inc. (NASDAQ:ZD) Acquired by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC purchased a new position in shares of Ziff Davis, Inc. (NASDAQ:ZD - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 23,425 shares of the technology company's stock, valued at approximately $1,273,000. Segall Bryant & Hamill LLC owned 0.05% of Ziff Davis at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in ZD. TD Private Client Wealth LLC grew its position in shares of Ziff Davis by 19.2% during the third quarter. TD Private Client Wealth LLC now owns 1,549 shares of the technology company's stock worth $75,000 after buying an additional 249 shares in the last quarter. First Horizon Advisors Inc. grew its holdings in Ziff Davis by 42.9% during the 4th quarter. First Horizon Advisors Inc. now owns 866 shares of the technology company's stock worth $47,000 after acquiring an additional 260 shares in the last quarter. Central Pacific Bank Trust Division increased its position in shares of Ziff Davis by 17.9% in the 4th quarter. Central Pacific Bank Trust Division now owns 3,220 shares of the technology company's stock worth $175,000 after purchasing an additional 490 shares during the last quarter. Hunter Perkins Capital Management LLC raised its stake in shares of Ziff Davis by 4.0% in the 4th quarter. Hunter Perkins Capital Management LLC now owns 14,855 shares of the technology company's stock valued at $807,000 after purchasing an additional 565 shares in the last quarter. Finally, Millstone Evans Group LLC bought a new position in shares of Ziff Davis during the fourth quarter worth about $35,000. 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, CFO Bret Richter acquired 2,500 shares of the firm's stock in a transaction that occurred on Wednesday, March 5th. The stock was acquired at an average cost of $39.21 per share, with a total value of $98,025.00. Following the acquisition, the chief financial officer now directly owns 16,339 shares of the company's stock, valued at $640,652.19. This represents a 18.06 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Sarah Ann Fay bought 1,282 shares of the stock in a transaction that occurred on Tuesday, March 4th. The stock was acquired at an average price of $39.00 per share, for a total transaction of $49,998.00. Following the completion of the transaction, the director now owns 18,655 shares in the company, valued at $727,545. This trade represents a 7.38 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased 5,028 shares of company stock valued at $198,024 over the last three months. Company insiders own 2.08% of the company's stock.

Ziff Davis Stock Performance

Shares of Ziff Davis stock traded down $0.06 on Wednesday, reaching $37.69. 72,820 shares of the company were exchanged, compared to its average volume of 460,761. The firm has a market cap of $1.61 billion, a price-to-earnings ratio of 31.92 and a beta of 1.42. Ziff Davis, Inc. has a 1-year low of $36.82 and a 1-year high of $60.96. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.42 and a current ratio of 1.42. The company's 50-day moving average is $46.50 and its two-hundred day moving average is $50.37.

Wall Street Analyst Weigh In

Several analysts recently weighed in on ZD shares. JPMorgan Chase & Co. lowered their price objective on Ziff Davis from $70.00 to $60.00 and set an "overweight" rating for the company in a report on Wednesday, February 26th. UBS Group lowered their price target on Ziff Davis from $65.00 to $56.00 and set a "neutral" rating for the company in a report on Wednesday, February 26th. Finally, Citigroup dropped their price target on Ziff Davis from $58.00 to $52.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 26th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $65.67.

Ziff Davis Company 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.