Northern Trust Corp Has $19.75 Million Position in Ziff Davis, Inc. $ZD

Northern Trust Corp decreased its holdings in shares of Ziff Davis, Inc. (NASDAQ:ZD - Free Report) by 7.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 525,536 shares of the technology company's stock after selling 39,731 shares during the quarter. Northern Trust Corp owned approximately 1.22% of Ziff Davis worth $19,750,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in ZD. Nuveen LLC acquired a new position in Ziff Davis during the first quarter worth $25,381,000. Janus Henderson Group PLC lifted its stake in Ziff Davis by 8.5% in 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 acquiring an additional 272,895 shares during the last quarter. Allspring Global Investments Holdings LLC lifted 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 valued at $20,314,000 after acquiring an additional 181,234 shares during the last quarter. Victory Capital Management Inc. lifted its stake 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 valued at $6,457,000 after acquiring an additional 120,817 shares during the last quarter. Finally, Wellington Management Group LLP lifted its stake in Ziff Davis by 34.2% in the fourth quarter. Wellington Management Group LLP now owns 443,707 shares of the technology company's stock valued at $24,111,000 after acquiring an additional 113,157 shares during the last quarter. Institutional investors and hedge funds own 99.76% of the company's stock.

Ziff Davis Price Performance

ZD stock traded up $0.13 during mid-day trading on Thursday, hitting $37.36. The stock had a trading volume of 335,869 shares, compared to its average volume of 544,470. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 0.47. Ziff Davis, Inc. has a 52 week low of $28.55 and a 52 week high of $60.62. The firm has a market capitalization of $1.53 billion, a P/E ratio of 24.91 and a beta of 1.58. The firm has a fifty day simple moving average of $33.77 and a 200 day simple moving average of $34.98.

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

Wall Street Analyst Weigh In

A number of analysts have commented on ZD shares. UBS Group set a $40.00 price target on shares of Ziff Davis and gave the company a "neutral" rating in a research note on Wednesday, May 14th. Susquehanna dropped 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. Piper Sandler set a $40.00 price objective on shares of Ziff Davis in a research report on Friday, August 8th. Barclays reissued a "positive" rating on shares of Ziff Davis in a research report on Friday, August 8th. Finally, Wall Street Zen raised shares of Ziff Davis from a "hold" rating to a "buy" rating in a research report on Saturday, August 9th. Three research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, Ziff Davis 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.