Petrus Trust Company LTA Acquires Shares of 7,436 Ziff Davis, Inc. $ZD

Key Points

• Petrus Trust Company LTA purchased 7,436 shares of Ziff Davis, Inc., valued at approximately $279,000, marking a new stake in the technology company during the first quarter.
• Other institutional investors, including Deutsche Bank AG and Janus Henderson Group PLC, significantly increased their holdings in Ziff Davis, indicating strong institutional interest with approximately 99.76% of shares held by such investors.
• Ziff Davis reported earnings of $1.24 per share for the last quarter, exceeding expectations and reflecting a 10% revenue increase year-over-year.

Petrus Trust Company LTA acquired a new position in Ziff Davis, Inc. (NASDAQ:ZD - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 7,436 shares of the technology company's stock, valued at approximately $279,000.

Several other institutional investors also recently modified their holdings of the stock. Janus Henderson Group PLC grew its position in 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 acquiring an additional 272,895 shares during the last quarter. Fuller & Thaler Asset Management Inc. grew its position in Ziff Davis by 10.5% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 1,113,654 shares of the technology company's stock valued at $41,851,000 after acquiring an additional 105,761 shares during the last quarter. Nuveen LLC bought a new position in Ziff Davis during the first quarter valued at approximately $25,381,000. Rice Hall James & Associates LLC grew its position in Ziff Davis by 21.9% during the first quarter. Rice Hall James & Associates LLC now owns 601,573 shares of the technology company's stock valued at $22,607,000 after acquiring an additional 108,101 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its position in Ziff Davis by 50.8% during 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. 99.76% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have commented on ZD. Piper Sandler set a $40.00 price target on shares of Ziff Davis in a research report on Friday, August 8th. Barclays restated a "positive" rating on shares of Ziff Davis in a report on Friday, August 8th. Finally, Wall Street Zen upgraded shares of Ziff Davis from a "hold" rating to a "buy" rating in a report on Saturday, August 9th. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, Ziff Davis presently has an average rating of "Hold" and a consensus price target of $38.83.

Ziff Davis Trading Down 2.8%

Shares of Ziff Davis stock traded down $1.04 on Friday, hitting $36.63. The stock had a trading volume of 402,757 shares, compared to its average volume of 451,918. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 0.47. Ziff Davis, Inc. has a one year low of $28.55 and a one year high of $60.62. The stock has a market cap of $1.50 billion, a price-to-earnings ratio of 24.42 and a beta of 1.58. The stock's 50-day simple moving average is $34.62 and its two-hundred day simple moving average is $34.27.

Ziff Davis (NASDAQ:ZD - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The technology company reported $1.24 EPS for the quarter, topping analysts' consensus estimates of $1.22 by $0.02. Ziff Davis had a return on equity of 13.91% and a net margin of 4.57%.The company had revenue of $352.21 million during the quarter, compared to analyst estimates of $337.47 million. During the same quarter last year, the firm posted $1.18 earnings per share. The firm's revenue was up 10.0% on a year-over-year basis. As a group, sell-side analysts predict that Ziff Davis, Inc. will post 5.93 EPS for the current year.

Ziff Davis Company 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.