Maryland State Retirement & Pension System Has $782,000 Stake in Ziff Davis, Inc. (NASDAQ:ZD)

Maryland State Retirement & Pension System cut its position in shares of Ziff Davis, Inc. (NASDAQ:ZD) by 4.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,393 shares of the technology company’s stock after selling 716 shares during the quarter. Maryland State Retirement & Pension System’s holdings in Ziff Davis were worth $782,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of ZD. Wilmington Savings Fund Society FSB bought a new stake in Ziff Davis in the third quarter worth approximately $37,000. First Horizon Advisors Inc. grew its position in shares of Ziff Davis by 42.9% during the 4th quarter. First Horizon Advisors Inc. now owns 866 shares of the technology company’s stock worth $47,000 after buying an additional 260 shares during the period. TD Private Client Wealth LLC increased its stake in shares of Ziff Davis by 19.2% in the 3rd quarter. TD Private Client Wealth LLC now owns 1,549 shares of the technology company’s stock valued at $75,000 after acquiring an additional 249 shares in the last quarter. Central Pacific Bank Trust Division increased its stake in shares of Ziff Davis by 17.9% in 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 acquired a new position in shares of Ziff Davis during the 3rd quarter valued at $210,000. Institutional investors own 99.76% of the company’s stock.

Insider Buying and Selling at Ziff Davis

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

Analyst Upgrades and Downgrades

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

Ziff Davis Stock Up 1.6 %

Shares of NASDAQ ZD opened at $42.49 on Tuesday. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.42 and a quick ratio of 1.42. The company has a 50-day moving average price of $48.24 and a 200-day moving average price of $50.72. The stock has a market capitalization of $1.82 billion, a P/E ratio of 36.01 and a beta of 1.42. Ziff Davis, Inc. has a 1 year low of $37.62 and a 1 year high of $63.87.

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.