Janus Henderson Group PLC Increases Stock Holdings in ZoomInfo Technologies Inc. (NASDAQ:ZI)

Janus Henderson Group PLC grew its stake in ZoomInfo Technologies Inc. (NASDAQ:ZI - Free Report) by 92.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 556,659 shares of the company's stock after purchasing an additional 267,567 shares during the period. Janus Henderson Group PLC owned approximately 0.16% of ZoomInfo Technologies worth $5,852,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Alberta Investment Management Corp bought a new stake in shares of ZoomInfo Technologies in the 4th quarter valued at approximately $2,320,000. JPMorgan Chase & Co. lifted its stake in shares of ZoomInfo Technologies by 35.4% during the 4th quarter. JPMorgan Chase & Co. now owns 6,089,358 shares of the company's stock worth $63,999,000 after acquiring an additional 1,591,960 shares during the last quarter. Sei Investments Co. lifted its stake in shares of ZoomInfo Technologies by 419.0% during the 4th quarter. Sei Investments Co. now owns 181,692 shares of the company's stock worth $1,910,000 after acquiring an additional 146,681 shares during the last quarter. Norges Bank bought a new stake in shares of ZoomInfo Technologies during the 4th quarter worth approximately $17,042,000. Finally, SBI Securities Co. Ltd. bought a new stake in shares of ZoomInfo Technologies during the 4th quarter worth approximately $280,000. 95.47% of the stock is owned by institutional investors.

ZoomInfo Technologies Stock Down 0.7%

Shares of NASDAQ:ZI traded down $0.07 on Friday, reaching $9.48. The company had a trading volume of 2,798,382 shares, compared to its average volume of 7,337,521. ZoomInfo Technologies Inc. has a 52-week low of $7.01 and a 52-week high of $13.39. The firm's 50 day simple moving average is $9.17 and its 200-day simple moving average is $10.11. The firm has a market capitalization of $3.24 billion, a PE ratio of 316.11, a PEG ratio of 13.05 and a beta of 1.02. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.73.

ZoomInfo Technologies (NASDAQ:ZI - Get Free Report) last announced its quarterly earnings results on Monday, May 12th. The company reported $0.23 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.22 by $0.01. ZoomInfo Technologies had a return on equity of 12.05% and a net margin of 0.74%. The business had revenue of $305.70 million for the quarter, compared to the consensus estimate of $295.60 million. During the same period last year, the business posted $0.26 EPS. The business's revenue was down 1.4% compared to the same quarter last year. As a group, analysts expect that ZoomInfo Technologies Inc. will post 0.59 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

ZI has been the subject of a number of research analyst reports. Needham & Company LLC reissued a "buy" rating and set a $15.00 price target on shares of ZoomInfo Technologies in a research note on Wednesday, February 26th. Citigroup raised their price target on ZoomInfo Technologies from $8.50 to $9.00 and gave the stock a "sell" rating in a research note on Tuesday, February 11th. Wells Fargo & Company raised their price target on ZoomInfo Technologies from $8.00 to $10.00 and gave the stock an "equal weight" rating in a research note on Tuesday, May 13th. Canaccord Genuity Group raised their price target on ZoomInfo Technologies from $14.00 to $15.00 and gave the stock a "buy" rating in a research note on Wednesday, February 26th. Finally, Mizuho decreased their price target on ZoomInfo Technologies from $11.00 to $9.00 and set a "neutral" rating for the company in a research note on Tuesday, April 15th. Four equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $10.63.

ZoomInfo Technologies Profile

ZoomInfo Technologies Inc, together with its subsidiaries, provides go-to-market intelligence and engagement platform for sales and marketing teams in the United States and internationally. The company's cloud-based platform provides information on organizations and professionals to help users identify target customers and decision makers, obtain continually updated predictive lead and company scoring, monitor buying signals and other attributes of target companies, craft messages, engage through automated sales tools, and track progress through the deal cycle.