Segall Bryant & Hamill LLC Acquires Shares of 23,425 Ziff Davis, Inc. (NASDAQ:ZD)

Segall Bryant & Hamill LLC bought a new position in Ziff Davis, Inc. (NASDAQ:ZD) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 23,425 shares of the technology company’s stock, valued at approximately $1,273,000. Segall Bryant & Hamill LLC owned about 0.05% of Ziff Davis as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. KLP Kapitalforvaltning AS bought a new stake in shares of Ziff Davis in the fourth quarter worth about $533,000. Millstone Evans Group LLC purchased a new stake in Ziff Davis in the 4th quarter worth approximately $35,000. Teacher Retirement System of Texas grew its position in shares of Ziff Davis by 15.8% in the 4th quarter. Teacher Retirement System of Texas now owns 33,007 shares of the technology company’s stock worth $1,794,000 after buying an additional 4,506 shares during the last quarter. Tocqueville Asset Management L.P. increased its stake in shares of Ziff Davis by 4.1% during the fourth quarter. Tocqueville Asset Management L.P. now owns 93,700 shares of the technology company’s stock valued at $5,092,000 after buying an additional 3,700 shares during the period. Finally, Cibc World Markets Corp bought a new position in shares of Ziff Davis during the fourth quarter valued at approximately $224,000. 99.76% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on ZD. UBS Group cut their price target on shares of Ziff Davis from $65.00 to $56.00 and set a “neutral” rating on the stock in a report on Wednesday, February 26th. Citigroup dropped their target price on shares of Ziff Davis from $58.00 to $52.00 and set a “neutral” rating for the company in a research report on Wednesday, February 26th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Ziff Davis from $70.00 to $60.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 26th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Ziff Davis presently has a consensus rating of “Moderate Buy” and a consensus price target of $65.67.

Insider Buying and Selling

In other news, CFO Bret Richter bought 2,500 shares of the firm’s stock in a transaction on Wednesday, March 5th. The stock was acquired at an average cost of $39.21 per share, with a total value of $98,025.00. Following the completion of the acquisition, the chief financial officer now owns 16,339 shares of the company’s stock, valued at approximately $640,652.19. This represents a 18.06 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Sarah Ann Fay bought 1,282 shares of the company’s stock in a transaction dated Tuesday, March 4th. The stock was purchased at an average price of $39.00 per share, for a total transaction of $49,998.00. Following the purchase, the director now owns 18,655 shares of the company’s stock, valued at approximately $727,545. This represents a 7.38 % increase in their position. The disclosure for this purchase can be found here. Insiders acquired a total of 5,028 shares of company stock worth $198,024 in the last three months. 2.33% of the stock is owned by corporate insiders.

Ziff Davis Price Performance

ZD opened at $38.15 on Friday. Ziff Davis, Inc. has a 12-month low of $37.62 and a 12-month high of $63.41. The company has a market cap of $1.63 billion, a price-to-earnings ratio of 32.33 and a beta of 1.42. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.49. The stock has a fifty day simple moving average of $47.20 and a two-hundred day simple moving average of $50.49.

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.