Nomura Holdings Inc. Cuts Stock Holdings in ZoomInfo Technologies Inc. (NASDAQ:ZI)

Nomura Holdings Inc. reduced its stake in ZoomInfo Technologies Inc. (NASDAQ:ZI) by 39.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,853 shares of the company’s stock after selling 15,526 shares during the period. Nomura Holdings Inc.’s holdings in ZoomInfo Technologies were worth $441,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ZI. Prudential PLC lifted its stake in ZoomInfo Technologies by 14.6% in the third quarter. Prudential PLC now owns 28,877 shares of the company’s stock worth $474,000 after acquiring an additional 3,672 shares during the last quarter. Rafferty Asset Management LLC grew its stake in shares of ZoomInfo Technologies by 57.9% during the third quarter. Rafferty Asset Management LLC now owns 65,414 shares of the company’s stock worth $1,073,000 after purchasing an additional 23,992 shares in the last quarter. Envestnet Portfolio Solutions Inc. purchased a new position in ZoomInfo Technologies in the third quarter valued at $251,000. FMR LLC increased its holdings in ZoomInfo Technologies by 180.0% in the third quarter. FMR LLC now owns 13,859,918 shares of the company’s stock valued at $227,303,000 after buying an additional 8,909,420 shares during the last quarter. Finally, Invesco Ltd. lifted its holdings in ZoomInfo Technologies by 31.2% during the 3rd quarter. Invesco Ltd. now owns 959,086 shares of the company’s stock worth $15,729,000 after buying an additional 228,353 shares during the last quarter. 95.47% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at ZoomInfo Technologies

In other ZoomInfo Technologies news, CFO Peter Cameron Hyzer sold 7,500 shares of the company’s stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $12.78, for a total value of $95,850.00. Following the transaction, the chief financial officer now directly owns 1,279,023 shares in the company, valued at approximately $16,345,913.94. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, CTO Ali Dasdan sold 5,862 shares of ZoomInfo Technologies stock in a transaction on Tuesday, June 4th. The stock was sold at an average price of $11.90, for a total value of $69,757.80. Following the completion of the sale, the chief technology officer now owns 87,540 shares of the company’s stock, valued at $1,041,726. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Peter Cameron Hyzer sold 7,500 shares of the company’s stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $12.78, for a total value of $95,850.00. Following the completion of the transaction, the chief financial officer now owns 1,279,023 shares of the company’s stock, valued at $16,345,913.94. The disclosure for this sale can be found here. Insiders sold a total of 16,474 shares of company stock valued at $205,379 over the last three months. 8.10% of the stock is currently owned by insiders.

ZoomInfo Technologies Price Performance

Shares of NASDAQ ZI opened at $12.29 on Friday. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.61. The stock has a market cap of $4.60 billion, a price-to-earnings ratio of 61.45, a PEG ratio of 2.90 and a beta of 1.05. The company’s 50-day moving average price is $13.71 and its 200 day moving average price is $15.54. ZoomInfo Technologies Inc. has a 52 week low of $11.67 and a 52 week high of $30.16.

ZoomInfo Technologies (NASDAQ:ZI) last released its quarterly earnings results on Tuesday, May 7th. The company reported $0.18 EPS for the quarter, beating the consensus estimate of $0.14 by $0.04. ZoomInfo Technologies had a net margin of 6.24% and a return on equity of 12.00%. The business had revenue of $310.10 million for the quarter, compared to analyst estimates of $308.84 million. As a group, research analysts forecast that ZoomInfo Technologies Inc. will post 0.69 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on ZI shares. Barclays cut their target price on ZoomInfo Technologies from $19.00 to $15.00 and set an “equal weight” rating on the stock in a research report on Wednesday, May 8th. UBS Group lowered their target price on shares of ZoomInfo Technologies from $19.00 to $16.00 and set a “neutral” rating for the company in a report on Wednesday, May 8th. Morgan Stanley cut their price target on shares of ZoomInfo Technologies from $20.00 to $18.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 17th. Wells Fargo & Company dropped their price objective on ZoomInfo Technologies from $21.00 to $19.00 and set an “overweight” rating on the stock in a report on Friday. Finally, Stifel Nicolaus reduced their target price on ZoomInfo Technologies from $24.00 to $20.00 and set a “buy” rating for the company in a report on Wednesday, May 8th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, ZoomInfo Technologies currently has an average rating of “Hold” and an average target price of $18.90.

ZoomInfo Technologies Company Profile

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.