Ziff Davis, Inc. (NASDAQ:ZD) Position Lowered by Kendall Capital Management

Kendall Capital Management decreased its stake in shares of Ziff Davis, Inc. (NASDAQ:ZD) by 4.7% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 15,788 shares of the technology company’s stock after selling 785 shares during the period. Kendall Capital Management’s holdings in Ziff Davis were worth $869,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of ZD. Janus Henderson Group PLC lifted its holdings in Ziff Davis by 0.3% in the first quarter. Janus Henderson Group PLC now owns 3,239,654 shares of the technology company’s stock worth $204,227,000 after acquiring an additional 10,303 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Ziff Davis by 14.3% in the second quarter. Dimensional Fund Advisors LP now owns 2,057,314 shares of the technology company’s stock worth $113,255,000 after acquiring an additional 257,056 shares during the last quarter. CDAM UK Ltd lifted its holdings in Ziff Davis by 26.5% in the fourth quarter. CDAM UK Ltd now owns 1,181,995 shares of the technology company’s stock worth $79,418,000 after acquiring an additional 247,375 shares during the last quarter. Norges Bank bought a new position in Ziff Davis in the fourth quarter worth about $32,202,000. Finally, Rice Hall James & Associates LLC lifted its holdings in Ziff Davis by 9.4% in the second quarter. Rice Hall James & Associates LLC now owns 451,803 shares of the technology company’s stock worth $24,872,000 after acquiring an additional 38,753 shares during the last quarter. Institutional investors own 99.76% of the company’s stock.

Ziff Davis Price Performance

NASDAQ ZD opened at $52.82 on Thursday. Ziff Davis, Inc. has a 12 month low of $37.76 and a 12 month high of $70.90. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.91 and a quick ratio of 1.91. The firm has a market capitalization of $2.44 billion, a PE ratio of 43.65 and a beta of 1.29. The company’s 50 day simple moving average is $46.58 and its 200 day simple moving average is $53.30.

Ziff Davis (NASDAQ:ZD) last posted its quarterly earnings data on Wednesday, August 7th. The technology company reported $1.18 EPS for the quarter, missing analysts’ consensus estimates of $1.26 by ($0.08). Ziff Davis had a net margin of 5.86% and a return on equity of 13.81%. The company had revenue of $320.80 million for the quarter, compared to analyst estimates of $332.44 million. During the same quarter in the prior year, the business earned $1.12 EPS. Ziff Davis’s revenue was down 1.6% compared to the same quarter last year. As a group, equities research analysts forecast that Ziff Davis, Inc. will post 6.1 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on ZD shares. Royal Bank of Canada reissued an “outperform” rating and issued a $95.00 target price on shares of Ziff Davis in a report on Friday, September 6th. Barclays dropped their price target on shares of Ziff Davis from $58.00 to $44.00 and set an “equal weight” rating on the stock in a research note on Friday, August 9th. Finally, Citigroup dropped their price target on shares of Ziff Davis from $52.00 to $47.00 and set a “neutral” rating on the stock in a research note on Friday, August 9th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $71.50.

Ziff Davis 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.