Fuller & Thaler Asset Management Inc. Raises Stock Position in Ziff Davis, Inc. $ZD

Key Points

• Fuller & Thaler Asset Management Inc. increased its position in Ziff Davis, Inc. by 10.5% in Q1, acquiring an additional 105,761 shares and holding approximately 2.59% of the company, valued at $41.85 million.
• Ziff Davis reported $1.24 earnings per share for the last quarter, exceeding estimates, with a 10% year-over-year revenue growth to $352.21 million.
• Analysts have a consensus price target of $46.86 for Ziff Davis, with recent ratings ranging from $33.00 to $80.00, reflecting varied investor sentiment on the stock.

Fuller & Thaler Asset Management Inc. increased its position in shares of Ziff Davis, Inc. (NASDAQ:ZD - Free Report) by 10.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,113,654 shares of the technology company's stock after purchasing an additional 105,761 shares during the quarter. Fuller & Thaler Asset Management Inc. owned approximately 2.59% of Ziff Davis worth $41,851,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the stock. QSV Equity Investors LLC raised its position in Ziff Davis by 24.7% in the first quarter. QSV Equity Investors LLC now owns 31,699 shares of the technology company's stock worth $1,191,000 after acquiring an additional 6,275 shares during the period. Tocqueville Asset Management L.P. raised its position in Ziff Davis by 28.5% in the first quarter. Tocqueville Asset Management L.P. now owns 120,400 shares of the technology company's stock worth $4,525,000 after acquiring an additional 26,700 shares during the period. American Century Companies Inc. raised its position in Ziff Davis by 25.9% in the first quarter. American Century Companies Inc. now owns 82,615 shares of the technology company's stock worth $3,105,000 after acquiring an additional 16,974 shares during the period. Fox Run Management L.L.C. bought a new stake in Ziff Davis in the first quarter worth about $264,000. Finally, Caitong International Asset Management Co. Ltd bought a new stake in Ziff Davis in the first quarter worth about $57,000. Institutional investors own 99.76% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on ZD. Barclays reaffirmed a "positive" rating on shares of Ziff Davis in a research report on Friday, August 8th. UBS Group set a $40.00 price objective on shares of Ziff Davis and gave the stock a "neutral" rating in a research report on Wednesday, May 14th. Wall Street Zen raised shares of Ziff Davis from a "hold" rating to a "buy" rating in a research report on Saturday, August 9th. Susquehanna lowered their price objective on shares of Ziff Davis from $80.00 to $45.00 and set a "positive" rating on the stock in a research report on Monday, May 12th. Finally, Piper Sandler set a $40.00 price target on shares of Ziff Davis in a research 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. Based on data from MarketBeat, Ziff Davis presently has a consensus rating of "Moderate Buy" and a consensus target price of $46.86.

Ziff Davis Stock Performance

Shares of NASDAQ ZD traded up $1.96 during midday trading on Friday, hitting $38.21. The company's stock had a trading volume of 607,602 shares, compared to its average volume of 689,567. The stock has a fifty day moving average price of $32.78 and a 200 day moving average price of $35.59. Ziff Davis, Inc. has a one year low of $28.55 and a one year high of $60.62. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $1.57 billion, a price-to-earnings ratio of 25.47 and a beta of 1.63.

Ziff Davis (NASDAQ:ZD - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The technology company reported $1.24 EPS for the quarter, beating the consensus estimate of $1.22 by $0.02. The company had revenue of $352.21 million during the quarter, compared to analysts' expectations 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 for the quarter was up 10.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.18 earnings per share. On average, research analysts forecast that Ziff Davis, Inc. will post 5.93 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.