Dimensional Fund Advisors LP Purchases 257,056 Shares of Ziff Davis, Inc. (NASDAQ:ZD)

Dimensional Fund Advisors LP increased its stake in shares of Ziff Davis, Inc. (NASDAQ:ZD) by 14.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,057,314 shares of the technology company’s stock after purchasing an additional 257,056 shares during the period. Dimensional Fund Advisors LP owned approximately 4.46% of Ziff Davis worth $113,255,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in ZD. Rothschild Investment LLC acquired a new stake in shares of Ziff Davis during the second quarter worth $25,000. OLD Point Trust & Financial Services N A acquired a new position in Ziff Davis in the fourth quarter valued at about $34,000. EverSource Wealth Advisors LLC grew its stake in Ziff Davis by 362.2% in the fourth quarter. EverSource Wealth Advisors LLC now owns 513 shares of the technology company’s stock valued at $34,000 after acquiring an additional 402 shares during the period. Quest Partners LLC acquired a new position in Ziff Davis in the second quarter valued at about $38,000. Finally, Innealta Capital LLC acquired a new position in Ziff Davis in the second quarter valued at about $75,000. 99.76% of the stock is owned by institutional investors and hedge funds.

Ziff Davis Stock Performance

ZD opened at $50.11 on Tuesday. Ziff Davis, Inc. has a 52-week low of $37.76 and a 52-week high of $70.90. The firm has a market capitalization of $2.31 billion, a PE ratio of 41.41 and a beta of 1.29. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.91 and a current ratio of 1.91. The business’s 50-day simple moving average is $46.89 and its 200 day simple moving average is $52.86.

Ziff Davis (NASDAQ:ZD) last released its earnings results on Wednesday, August 7th. The technology company reported $1.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.26 by ($0.08). Ziff Davis had a return on equity of 13.81% and a net margin of 5.86%. The company had revenue of $320.80 million for the quarter, compared to the consensus estimate of $332.44 million. During the same quarter in the previous year, the company posted $1.12 EPS. The business’s revenue was down 1.6% on a year-over-year basis. As a group, sell-side analysts expect that Ziff Davis, Inc. will post 6.1 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

ZD has been the subject of a number of research analyst reports. Royal Bank of Canada reissued an “outperform” rating and issued a $95.00 target price on shares of Ziff Davis in a research note on Friday, September 6th. Citigroup reduced their price objective on Ziff Davis from $52.00 to $47.00 and set a “neutral” rating for the company in a research report on Friday, August 9th. Finally, Barclays reduced their price objective on Ziff Davis from $58.00 to $44.00 and set an “equal weight” rating for the company in a research report on Friday, August 9th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, Ziff Davis currently has an average rating of “Moderate Buy” and an average price target of $71.50.

Ziff Davis Company 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.