Fox Run Management L.L.C. Takes $264,000 Position in Ziff Davis, Inc. $ZD

Key Points

• Fox Run Management L.L.C. acquired 7,016 shares of Ziff Davis, Inc., valued at approximately $264,000, marking a new investment in the technology company.
• Ziff Davis reported a 10% year-over-year revenue increase for the latest quarter, with earnings per share of $1.24, exceeding analysts' estimates of $1.22.
• Institutional investors own 99.76% of Ziff Davis, highlighting significant institutional interest in the company's stock.

Fox Run Management L.L.C. acquired a new position in Ziff Davis, Inc. (NASDAQ:ZD - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 7,016 shares of the technology company's stock, valued at approximately $264,000.

Other institutional investors also recently bought and sold shares of the company. Nuveen LLC purchased a new stake in shares of Ziff Davis in the 1st quarter worth about $25,381,000. Janus Henderson Group PLC increased its position in shares of Ziff Davis by 8.5% during the fourth quarter. Janus Henderson Group PLC now owns 3,487,495 shares of the technology company's stock valued at $189,512,000 after buying an additional 272,895 shares during the period. Allspring Global Investments Holdings LLC raised its stake in Ziff Davis by 50.8% in the first quarter. Allspring Global Investments Holdings LLC now owns 538,123 shares of the technology company's stock worth $20,314,000 after buying an additional 181,234 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in Ziff Davis by 236.8% in the first quarter. Victory Capital Management Inc. now owns 171,833 shares of the technology company's stock worth $6,457,000 after buying an additional 120,817 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in Ziff Davis by 5.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,412,780 shares of the technology company's stock valued at $131,112,000 after acquiring an additional 118,979 shares in the last quarter. 99.76% of the stock is currently owned by hedge funds and other institutional investors.

Ziff Davis Stock Up 5.4%

Shares of Ziff Davis stock traded up $1.96 on Friday, reaching $38.21. The stock had a trading volume of 607,602 shares, compared to its average volume of 676,339. Ziff Davis, Inc. has a 1 year low of $28.55 and a 1 year high of $60.62. The company has a 50 day moving average price of $32.78 and a 200 day moving average price of $35.83. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 0.47. The stock has a market capitalization of $1.57 billion, a P/E ratio of 25.47 and a beta of 1.63.

Ziff Davis (NASDAQ:ZD - Get Free Report) last posted its quarterly earnings data 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 firm had revenue of $352.21 million for 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%. The company's revenue for the quarter was up 10.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.18 earnings per share. As a group, equities research analysts forecast that Ziff Davis, Inc. will post 5.93 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on ZD shares. Barclays reissued a "positive" rating on shares of Ziff Davis in a research report on Friday, August 8th. Susquehanna decreased their price objective on Ziff Davis from $80.00 to $45.00 and set a "positive" rating for the company in a report on Monday, May 12th. Piper Sandler set a $40.00 price objective on Ziff Davis in a research report on Friday, August 8th. Citigroup reduced their target price on shares of Ziff Davis from $52.00 to $35.00 and set a "neutral" rating on the stock in a research report on Friday, April 25th. Finally, UBS Group set a $40.00 price target on shares of Ziff Davis and gave the company a "neutral" rating in a research report on Wednesday, May 14th. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $46.86.

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.