American Century Companies Inc. Purchases 16,974 Shares of Ziff Davis, Inc. $ZD

Key Points

• American Century Companies Inc. has increased its holdings in Ziff Davis, Inc. by 25.9%, owning a total of 82,615 shares valued at approximately $3,105,000.
• Ziff Davis reported $1.24 earnings per share for the last quarter, exceeding analysts' expectations and showing a 10% increase in revenue compared to the previous year.
• Equities research analysts have set an average price target of $46.86 for Ziff Davis, with a consensus rating of "Moderate Buy".

American Century Companies Inc. boosted its position in Ziff Davis, Inc. (NASDAQ:ZD - Free Report) by 25.9% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 82,615 shares of the technology company's stock after purchasing an additional 16,974 shares during the quarter. American Century Companies Inc. owned about 0.19% of Ziff Davis worth $3,105,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. GAMMA Investing LLC raised its holdings in Ziff Davis by 148.4% in the 1st quarter. GAMMA Investing LLC now owns 713 shares of the technology company's stock valued at $27,000 after acquiring an additional 426 shares in the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in Ziff Davis during the 1st quarter worth $57,000. Tower Research Capital LLC TRC grew its position in shares of Ziff Davis by 118.1% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,605 shares of the technology company's stock valued at $196,000 after buying an additional 1,952 shares during the last quarter. Western Wealth Management LLC bought a new stake in shares of Ziff Davis in the 4th quarter valued at about $217,000. Finally, PNC Financial Services Group Inc. grew its position in shares of Ziff Davis by 75.7% in the 1st quarter. PNC Financial Services Group Inc. now owns 6,139 shares of the technology company's stock valued at $231,000 after buying an additional 2,645 shares during the last quarter. 99.76% of the stock is currently owned by institutional investors.

Ziff Davis Trading Down 0.3%

Shares of ZD traded down $0.12 during trading hours on Thursday, hitting $37.11. The company had a trading volume of 131,567 shares, compared to its average volume of 543,167. The firm has a market cap of $1.52 billion, a P/E ratio of 24.77 and a beta of 1.58. The stock's 50 day moving average price is $33.77 and its 200 day moving average price is $34.98. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 0.47. Ziff Davis, Inc. has a 52-week low of $28.55 and a 52-week high of $60.62.

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

Analyst Ratings Changes

Several equities research analysts recently commented on ZD shares. Piper Sandler set a $40.00 target price on Ziff Davis in a research report on Friday, August 8th. Susquehanna lowered their price objective on Ziff Davis from $80.00 to $45.00 and set a "positive" rating for the company in a research note on Monday, May 12th. UBS Group set a $40.00 price target on Ziff Davis and gave the company a "neutral" rating in a research report on Wednesday, May 14th. Wall Street Zen raised Ziff Davis from a "hold" rating to a "buy" rating in a research report on Saturday, August 9th. Finally, Barclays reissued a "positive" rating on shares of Ziff Davis in a report on Friday, August 8th. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, Ziff Davis presently has an average rating of "Moderate Buy" and a consensus target price of $46.86.

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.