Victory Capital Management Inc. Decreases Stock Position in Ziff Davis, Inc. (NASDAQ:ZD)

Victory Capital Management Inc. cut its holdings in Ziff Davis, Inc. (NASDAQ:ZD) by 5.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 51,016 shares of the technology company’s stock after selling 2,889 shares during the quarter. Victory Capital Management Inc. owned approximately 0.12% of Ziff Davis worth $2,772,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Wilmington Savings Fund Society FSB bought a new stake in shares of Ziff Davis in the third quarter worth about $37,000. First Horizon Advisors Inc. grew its stake in shares of Ziff Davis by 42.9% in the fourth quarter. First Horizon Advisors Inc. now owns 866 shares of the technology company’s stock worth $47,000 after purchasing an additional 260 shares during the last quarter. TD Private Client Wealth LLC grew its stake in shares of Ziff Davis by 19.2% in the third quarter. TD Private Client Wealth LLC now owns 1,549 shares of the technology company’s stock worth $75,000 after purchasing an additional 249 shares during the last quarter. Central Pacific Bank Trust Division boosted its position in Ziff Davis by 17.9% during the 4th quarter. Central Pacific Bank Trust Division now owns 3,220 shares of the technology company’s stock valued at $175,000 after acquiring an additional 490 shares in the last quarter. Finally, FORA Capital LLC bought a new stake in Ziff Davis during the 3rd quarter valued at approximately $210,000. 99.76% of the stock is owned by institutional investors.

Insider Transactions at Ziff Davis

In related news, CFO Bret Richter purchased 2,500 shares of the company’s stock in a transaction dated Wednesday, March 5th. The shares were purchased at an average cost of $39.21 per share, with a total value of $98,025.00. Following the transaction, the chief financial officer now directly owns 16,339 shares in the company, valued at $640,652.19. This trade represents a 18.06 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director W Brian Kretzmer acquired 653 shares of the firm’s stock in a transaction that occurred on Thursday, March 6th. The stock was purchased at an average price of $38.33 per share, with a total value of $25,029.49. Following the completion of the acquisition, the director now owns 12,968 shares in the company, valued at $497,063.44. The trade was a 5.30 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased a total of 5,028 shares of company stock valued at $198,024 in the last ninety days. 2.08% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

ZD has been the topic of several research reports. Citigroup cut their price objective on Ziff Davis from $58.00 to $52.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 26th. JPMorgan Chase & Co. cut their price objective on Ziff Davis from $70.00 to $60.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 26th. Finally, UBS Group cut their price objective on Ziff Davis from $65.00 to $56.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 26th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $65.67.

Ziff Davis Stock Performance

Shares of ZD opened at $40.25 on Monday. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.49. The business’s 50 day moving average price is $49.54 and its 200-day moving average price is $50.97. Ziff Davis, Inc. has a 52 week low of $37.62 and a 52 week high of $64.04. The stock has a market cap of $1.72 billion, a P/E ratio of 34.11 and a beta of 1.42.

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.