Segall Bryant & Hamill LLC Acquires 12,152 Shares of Ziff Davis, Inc. (NASDAQ:ZD)

Segall Bryant & Hamill LLC grew its stake in Ziff Davis, Inc. (NASDAQ:ZD - Free Report) by 51.9% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 35,577 shares of the technology company's stock after purchasing an additional 12,152 shares during the quarter. Segall Bryant & Hamill LLC owned approximately 0.08% of Ziff Davis worth $1,337,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in ZD. Victory Capital Management Inc. boosted its holdings in Ziff Davis by 236.8% during 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. Rice Hall James & Associates LLC lifted its holdings in Ziff Davis by 21.9% in the 1st quarter. Rice Hall James & Associates LLC now owns 601,573 shares of the technology company's stock worth $22,607,000 after buying an additional 108,101 shares during the period. Envestnet Asset Management Inc. lifted its holdings in Ziff Davis by 13.0% in the 1st quarter. Envestnet Asset Management Inc. now owns 13,450 shares of the technology company's stock worth $505,000 after buying an additional 1,552 shares during the period. Principal Financial Group Inc. raised its holdings in shares of Ziff Davis by 2.6% during the first quarter. Principal Financial Group Inc. now owns 212,797 shares of the technology company's stock valued at $7,997,000 after acquiring an additional 5,456 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its holdings in shares of 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 in the last quarter. 99.76% of the stock is currently owned by institutional investors.

Ziff Davis Price Performance

Ziff Davis stock traded up $1.09 during mid-day trading on Wednesday, hitting $32.90. The company's stock had a trading volume of 439,550 shares, compared to its average volume of 544,961. Ziff Davis, Inc. has a twelve month low of $29.15 and a twelve month high of $60.62. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 0.47. The stock has a market capitalization of $1.38 billion, a P/E ratio of 19.94 and a beta of 1.58. The stock's fifty day moving average price is $32.00 and its two-hundred day moving average price is $38.83.

Analyst Ratings Changes

A number of analysts have commented on ZD shares. JPMorgan Chase & Co. lowered Ziff Davis from an "overweight" rating to a "neutral" rating and reduced their target price for the stock from $60.00 to $33.00 in a report on Tuesday, April 22nd. Citigroup reduced their target price on Ziff Davis from $52.00 to $35.00 and set a "neutral" rating on the stock in a research report on Friday, April 25th. Wall Street Zen cut Ziff Davis from a "buy" rating to a "hold" rating in a report on Saturday, July 5th. Susquehanna decreased their target price on Ziff Davis from $80.00 to $45.00 and set a "positive" rating for the company in a report on Monday, May 12th. Finally, UBS Group set a $40.00 price objective on Ziff Davis and gave the stock a "neutral" rating in a research report on Wednesday, May 14th. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, Ziff Davis currently has an average rating of "Hold" and a consensus price target of $47.00.

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.