Fuller & Thaler Asset Management Inc. Buys 105,761 Shares of 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 Ziff Davis, Inc. (NASDAQ:ZD - Free Report) by 10.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor 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 institutional investors also recently bought and sold shares of the company. Nuveen LLC bought a new position in shares of Ziff Davis during the first quarter valued at approximately $25,381,000. Janus Henderson Group PLC boosted its position in Ziff Davis by 8.5% during the 4th quarter. Janus Henderson Group PLC now owns 3,487,495 shares of the technology company's stock valued at $189,512,000 after acquiring an additional 272,895 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its position in Ziff Davis by 50.8% during 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. Victory Capital Management Inc. increased its holdings in shares of Ziff Davis by 236.8% in the 1st quarter. Victory Capital Management Inc. now owns 171,833 shares of the technology company's stock valued at $6,457,000 after acquiring an additional 120,817 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in shares of Ziff Davis by 5.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,412,780 shares of the technology company's stock worth $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 Performance

ZD opened at $37.04 on Tuesday. The company has a market cap of $1.52 billion, a P/E ratio of 24.69 and a beta of 1.63. 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 firm's 50-day moving average price is $32.46 and its 200-day moving average price is $36.04. 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 earnings results on Wednesday, August 6th. The technology company reported $1.24 earnings per share for the quarter, topping the consensus estimate of $1.22 by $0.02. The company 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%. Ziff Davis's revenue was up 10.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.18 EPS. As a group, equities analysts anticipate that Ziff Davis, Inc. will post 5.93 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently weighed in on ZD. Susquehanna dropped their price objective on Ziff Davis from $80.00 to $45.00 and set a "positive" rating on the stock in a research report on Monday, May 12th. Piper Sandler set a $40.00 price target on shares of Ziff Davis in a research report on Friday, August 8th. JPMorgan Chase & Co. downgraded shares of Ziff Davis from an "overweight" rating to a "neutral" rating and cut their price objective for the stock from $60.00 to $33.00 in a research report on Tuesday, April 22nd. Barclays reiterated a "positive" rating on shares of Ziff Davis in a research note on Friday, August 8th. Finally, UBS Group set a $40.00 target price on shares of Ziff Davis and gave the company a "neutral" rating in a research note on Wednesday, May 14th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $46.86.

About Ziff Davis

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.