The Manufacturers Life Insurance Company Trims Stock Position in Ziff Davis, Inc. (NASDAQ:ZD)

The Manufacturers Life Insurance Company decreased its holdings in Ziff Davis, Inc. (NASDAQ:ZD) by 0.7% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 54,612 shares of the technology company’s stock after selling 388 shares during the quarter. The Manufacturers Life Insurance Company owned 0.12% of Ziff Davis worth $3,006,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. increased its position in Ziff Davis by 8.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,095 shares of the technology company’s stock worth $208,000 after buying an additional 244 shares in the last quarter. Lindenwold Advisors INC increased its holdings in Ziff Davis by 6.4% in the 1st quarter. Lindenwold Advisors INC now owns 4,312 shares of the technology company’s stock worth $272,000 after acquiring an additional 261 shares in the last quarter. Bridge City Capital LLC raised its stake in Ziff Davis by 0.8% during the 1st quarter. Bridge City Capital LLC now owns 34,373 shares of the technology company’s stock worth $2,167,000 after acquiring an additional 265 shares during the period. Arizona State Retirement System lifted its holdings in Ziff Davis by 2.2% during the second quarter. Arizona State Retirement System now owns 12,913 shares of the technology company’s stock valued at $711,000 after purchasing an additional 275 shares in the last quarter. Finally, State of Michigan Retirement System boosted its position in shares of Ziff Davis by 2.7% in the first quarter. State of Michigan Retirement System now owns 11,340 shares of the technology company’s stock worth $715,000 after purchasing an additional 300 shares during the period. 99.76% of the stock is currently owned by institutional investors.

Ziff Davis Price Performance

Shares of Ziff Davis stock opened at $43.77 on Wednesday. The firm has a market cap of $2.02 billion, a PE ratio of 36.17 and a beta of 1.29. The stock has a 50 day moving average of $46.29 and a 200 day moving average of $51.49. The company has a current ratio of 1.91, a quick ratio of 1.91 and a debt-to-equity ratio of 0.54. Ziff Davis, Inc. has a 12 month low of $37.76 and a 12 month high of $70.90.

Ziff Davis (NASDAQ:ZD) last posted its earnings results 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 firm had revenue of $320.80 million for the quarter, compared to the consensus estimate of $332.44 million. During the same quarter in the prior year, the company posted $1.12 earnings per share. The firm’s revenue was down 1.6% compared to the same quarter last year. On average, research analysts expect that Ziff Davis, Inc. will post 6.1 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

ZD has been the topic of a number of analyst reports. Royal Bank of Canada restated an “outperform” rating and set a $95.00 target price on shares of Ziff Davis in a research note on Friday, September 6th. Barclays dropped their price objective on Ziff Davis from $58.00 to $44.00 and set an “equal weight” rating for the company in a research note on Friday, August 9th. Finally, Citigroup decreased their target price on 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 given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price 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.