Fort Washington Investment Advisors Inc. OH Acquires 48,655 Shares of Ziff Davis, Inc. $ZD

Key Points

• Fort Washington Investment Advisors Inc. OH increased its stake in Ziff Davis, acquiring 48,655 shares, raising its holdings by 13.3% to a total of 414,105 shares valued at approximately $12.5 million.
• Analysts have shown positivity towards Ziff Davis, with a recent upgrade from a "hold" to a "buy" rating by Wall Street Zen, and an average price target of $38.83.
• The company reported an earnings per share (EPS) of $1.24 for the last quarter, surpassing expectations and demonstrating a 10% year-over-year revenue increase.

Fort Washington Investment Advisors Inc. OH increased its holdings in shares of Ziff Davis, Inc. (NASDAQ:ZD - Free Report) by 13.3% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 414,105 shares of the technology company's stock after purchasing an additional 48,655 shares during the quarter. Fort Washington Investment Advisors Inc. OH owned 0.98% of Ziff Davis worth $12,535,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Fuller & Thaler Asset Management Inc. boosted its stake in Ziff Davis by 10.5% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 1,113,654 shares of the technology company's stock worth $41,851,000 after purchasing an additional 105,761 shares during the period. Nuveen LLC acquired a new position in shares of Ziff Davis during the first quarter worth about $25,381,000. Rice Hall James & Associates LLC raised its position in Ziff Davis by 21.9% in the 1st quarter. Rice Hall James & Associates LLC now owns 601,573 shares of the technology company's stock valued at $22,607,000 after buying an additional 108,101 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its stake in Ziff Davis by 50.8% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 538,123 shares of the technology company's stock valued at $20,314,000 after acquiring an additional 181,234 shares in the last quarter. Finally, Wellington Management Group LLP boosted its position in Ziff Davis by 34.2% during the 4th quarter. Wellington Management Group LLP now owns 443,707 shares of the technology company's stock worth $24,111,000 after acquiring an additional 113,157 shares during the last quarter. Institutional investors own 99.76% of the company's stock.

Insider Activity at Ziff Davis

In related news, Director Sarah Ann Fay acquired 1,354 shares of the firm's stock in a transaction on Monday, September 15th. The shares were purchased at an average cost of $36.89 per share, for a total transaction of $49,949.06. Following the completion of the acquisition, the director directly owned 23,619 shares in the company, valued at approximately $871,304.91. This trade represents a 6.08% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. 2.16% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on ZD shares. Wall Street Zen raised shares of Ziff Davis from a "hold" rating to a "buy" rating in a research report on Saturday, August 9th. Barclays reiterated a "positive" rating on shares of Ziff Davis in a research note on Friday, August 8th. Finally, Piper Sandler set a $40.00 price objective on shares of Ziff Davis in a research note on Friday, August 8th. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, Ziff Davis currently has a consensus rating of "Hold" and an average price target of $38.83.

Ziff Davis Stock Performance

Shares of ZD stock opened at $36.87 on Monday. The stock has a market cap of $1.51 billion, a P/E ratio of 24.58 and a beta of 1.58. The company has a fifty day moving average price of $35.70 and a two-hundred day moving average price of $34.11. Ziff Davis, Inc. has a one year low of $28.55 and a one year high of $60.62. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.59 and a quick ratio of 1.59.

Ziff Davis (NASDAQ:ZD - Get Free Report) last issued its earnings results on Wednesday, August 6th. The technology company reported $1.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.22 by $0.02. The business had revenue of $352.21 million during the quarter, compared to the consensus estimate of $337.47 million. Ziff Davis had a net margin of 4.57% and a return on equity of 13.91%. Ziff Davis's revenue was up 10.0% on a year-over-year basis. During the same period last year, the business posted $1.18 EPS. As a group, equities analysts predict that Ziff Davis, Inc. will post 5.93 EPS for the current year.

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.

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