Pacer Advisors Inc. Acquires 1,265,967 Shares of Ziff Davis, Inc. (NASDAQ:ZD)

Pacer Advisors Inc. lifted its holdings in shares of Ziff Davis, Inc. (NASDAQ:ZD) by 100,954.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,267,221 shares of the technology company’s stock after purchasing an additional 1,265,967 shares during the period. Pacer Advisors Inc. owned 2.96% of Ziff Davis worth $68,861,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in ZD. Janus Henderson Group PLC increased its stake in Ziff Davis by 2.0% in the third quarter. Janus Henderson Group PLC now owns 3,214,600 shares of the technology company’s stock valued at $156,422,000 after purchasing an additional 62,261 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Ziff Davis by 3.0% in the 3rd quarter. Geode Capital Management LLC now owns 1,274,762 shares of the technology company’s stock valued at $62,040,000 after buying an additional 36,863 shares during the period. Charles Schwab Investment Management Inc. increased its position in Ziff Davis by 9.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 695,542 shares of the technology company’s stock valued at $33,845,000 after buying an additional 60,472 shares in the last quarter. Rice Hall James & Associates LLC raised its stake in Ziff Davis by 11.0% during the 3rd quarter. Rice Hall James & Associates LLC now owns 501,313 shares of the technology company’s stock worth $24,394,000 after buying an additional 49,510 shares during the period. Finally, Brave Asset Management Inc. boosted its holdings in Ziff Davis by 3.9% in the fourth quarter. Brave Asset Management Inc. now owns 363,527 shares of the technology company’s stock worth $19,754,000 after acquiring an additional 13,659 shares in the last quarter. Institutional investors and hedge funds own 99.76% of the company’s stock.

Analyst Upgrades and Downgrades

ZD has been the subject of several recent research reports. UBS Group decreased their price objective on Ziff Davis from $76.00 to $65.00 and set a “neutral” rating for the company in a report on Tuesday, December 3rd. Barclays upped their price objective on shares of Ziff Davis from $44.00 to $61.00 and gave the stock an “equal weight” rating in a report on Monday, November 11th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $69.71.

Ziff Davis Trading Up 2.8 %

NASDAQ ZD opened at $54.51 on Tuesday. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.49. The business has a fifty day simple moving average of $55.97 and a 200 day simple moving average of $50.54. Ziff Davis, Inc. has a 12 month low of $37.76 and a 12 month high of $70.90. The firm has a market capitalization of $2.33 billion, a P/E ratio of 46.20 and a beta of 1.36.

Ziff Davis (NASDAQ:ZD) last released its quarterly earnings results on Thursday, November 7th. The technology company reported $1.44 earnings per share for the quarter, beating analysts’ consensus estimates of $1.34 by $0.10. Ziff Davis had a net margin of 4.52% and a return on equity of 13.98%. The company had revenue of $353.58 million for the quarter, compared to analyst estimates of $347.66 million. During the same period last year, the firm earned $1.35 earnings per share. On average, analysts predict that Ziff Davis, Inc. will post 5.93 EPS for the current fiscal year.

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.