Voya Investment Management LLC Sells 45,560 Shares of ZoomInfo Technologies Inc. $ZI

Key Points

• Voya Investment Management LLC has reduced its stake in ZoomInfo Technologies Inc. by 14.3%, now owning 274,020 shares valued at approximately $2.74 million.
• Other institutional investors have varied their positions, with Lazard Asset Management LLC increasing its holdings by over 10,000% during the fourth quarter, while various other firms like Two Sigma and UBS AM also boosted their stakes.
• ZoomInfo Technologies' stock is currently down 2.6%, trading at $11.83, with a market cap of $4.05 billion and a P/E ratio of 394.46.

Voya Investment Management LLC lessened its position in ZoomInfo Technologies Inc. (NASDAQ:ZI - Free Report) by 14.3% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 274,020 shares of the company's stock after selling 45,560 shares during the period. Voya Investment Management LLC owned approximately 0.08% of ZoomInfo Technologies worth $2,740,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. Acadian Asset Management LLC acquired a new position in shares of ZoomInfo Technologies in the 1st quarter worth $1,451,000. Focus Partners Wealth purchased a new position in shares of ZoomInfo Technologies during the first quarter valued at $200,000. Bayforest Capital Ltd purchased a new position in shares of ZoomInfo Technologies during the first quarter valued at $172,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of ZoomInfo Technologies by 2.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 962,311 shares of the company's stock valued at $9,623,000 after buying an additional 25,710 shares in the last quarter. Finally, United Services Automobile Association purchased a new position in shares of ZoomInfo Technologies during the first quarter valued at $187,000. 95.47% of the stock is currently owned by institutional investors and hedge funds.

ZoomInfo Technologies Stock Up 1.2%

Shares of ZI stock traded up $0.14 on Tuesday, reaching $11.97. 2,698,907 shares of the company's stock traded hands, compared to its average volume of 7,578,001. ZoomInfo Technologies Inc. has a 12-month low of $7.01 and a 12-month high of $13.39. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.63 and a current ratio of 0.63. The company has a market capitalization of $4.10 billion, a P/E ratio of 399.13, a price-to-earnings-growth ratio of 13.05 and a beta of 1.02. The business's 50 day moving average price is $10.69 and its two-hundred day moving average price is $9.97.

About ZoomInfo Technologies

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.