Mutual of America Capital Management LLC owns $1.45 million in Ziff Davis, Inc. (NASDAQ:ZD)

Mutual of America Capital Management LLC reduced its holdings in shares of Ziff Davis, Inc. (NASDAQ:ZD – Free Report) by 3.6% during the second quarter, Holdings Channel reports. The fund owned 26,412 shares of the technology company’s stock after selling 987 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Ziff Davis were worth $1,454,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the business. Quadrature Capital Ltd bought a new position in Ziff Davis during the fourth quarter valued at $1,257,000. Retirement Systems of Alabama boosted its stake in Ziff Davis by 63.6% in the first quarter. Retirement Systems of Alabama now owns 296,572 shares of the technology company’s stock worth $18,696,000 after purchasing an additional 115,258 shares during the last quarter. QRG Capital Management Inc. raised its stake in Ziff Davis by 4.6% in the first quarter. QRG Capital Management Inc. now owns 17,623 shares of the technology company’s stock worth $1,111,000 after buying an additional 777 shares in the last quarter. Assenagon Asset Management SA boosted its holdings in shares of Ziff Davis by 8.2% in the second quarter. Assenagon Asset Management SA now owns 113,196 shares of the technology company’s stock worth $6,231,000 after buying an additional 8,625 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake 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 valued at $113,255,000 after purchasing an additional 257,056 shares during the last quarter. Institutional investors own 99.76% of the company’s shares.

Ziff Davis Price Performance

Shares of NASDAQ ZD opened at $47.99 on Friday. The stock has a market cap of $2.15 billion, a PE ratio of 39.66 and a beta of 1.29. Ziff Davis, Inc. it has a fifty-two week low of $37.76 and a fifty-two week 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 company has a fifty day moving average price of $46.78 and a two hundred day moving average price of $52.67.

Ziff Davis (NASDAQ:ZD – Get Your Free Report ) last issued its quarterly earnings data on Wednesday, August 7th. The technology company reported $1.18 earnings per share 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 firm had revenue of $320.80 million for the quarter, compared to the consensus estimate of $332.44 million. During the same period in the previous year, the company earned $1.12 EPS. The company’s revenue for the quarter was down 1.6% compared to the same quarter last year. As a group, equities analysts predict that Ziff Davis, Inc. will post 6.1 earnings per share for the current fiscal year.

The Wall Street analyst weighs in

ZD has been the subject of several research reports. Royal Bank of Canada restated an “outperform” rating and set a $95.00 price objective on shares of Ziff Davis in a research report on Friday, September 6th. Citigroup decreased their price target on Ziff Davis from $52.00 to $47.00 and set a “neutral” rating for the company in a report on Friday, August 9th. Finally, Barclays decreased their price objective on Ziff Davis from $58.00 to $44.00 and set an “equal weight” rating on the stock in a 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. The stock has a consensus rating of “Moderate Buy” and a consensus price target of $71.50, based on data from MarketBeat.

Check out our latest research report on Ziff Davis

Ziff Davis Company Profile

(Free Report)

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 lab 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 destination platform for savings; Offers.com, a coupon and deals site; and event-based properties including BlackFriday.com, TheBlackFriday.com, BestBlackFriday.com and DealsofAmerica.com.

Further reading

Want to see what other hedge funds own ZD? Visit HoldingsChannel.com to get the latest 13F filings and insider trading for Ziff Davis, Inc. (NASDAQ:ZD – Free Report).

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