Radnor Capital Management LLC Has $632,000 Stock Position in Ziff Davis, Inc. (NASDAQ:ZD)

Radnor Capital Management LLC cut its stake in Ziff Davis, Inc. (NASDAQ:ZD) by 5.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,989 shares of the technology company’s stock after selling 700 shares during the period. Radnor Capital Management LLC’s holdings in Ziff Davis were worth $632,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Rothschild Investment LLC bought a new position in Ziff Davis in the second quarter worth $25,000. Quest Partners LLC bought a new position in Ziff Davis during the second quarter worth about $38,000. Innealta Capital LLC acquired a new stake in Ziff Davis during the second quarter valued at approximately $75,000. Blue Trust Inc. grew its stake in shares of Ziff Davis by 72.4% in the 2nd quarter. Blue Trust Inc. now owns 1,686 shares of the technology company’s stock valued at $93,000 after purchasing an additional 708 shares during the period. Finally, DekaBank Deutsche Girozentrale acquired a new position in shares of Ziff Davis in the 2nd quarter worth approximately $93,000. Institutional investors own 99.76% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on ZD. Citigroup lowered their price target on Ziff Davis from $52.00 to $47.00 and set a “neutral” rating on the stock in a research report on Friday, August 9th. Royal Bank of Canada reiterated an “outperform” rating and set a $95.00 target price on shares of Ziff Davis in a research report on Friday, September 6th. Finally, Barclays decreased their price objective on shares of Ziff Davis from $58.00 to $44.00 and set an “equal weight” rating on the stock in a research note on Friday, August 9th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $71.50.

Ziff Davis Price Performance

Shares of NASDAQ ZD opened at $49.97 on Thursday. The company has a quick ratio of 1.91, a current ratio of 1.91 and a debt-to-equity ratio of 0.54. The business’s 50 day moving average price is $47.42 and its two-hundred day moving average price is $49.92. The company has a market cap of $2.24 billion, a PE ratio of 30.85 and a beta of 1.29. Ziff Davis, Inc. has a twelve month low of $37.76 and a twelve month high of $70.90.

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

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.