Teachers Retirement System of The State of Kentucky Has $689,000 Stock Position in Ziff Davis, Inc. (NASDAQ:ZD)

Teachers Retirement System of The State of Kentucky cut its holdings in Ziff Davis, Inc. (NASDAQ:ZD) by 11.9% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 14,167 shares of the technology company’s stock after selling 1,916 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Ziff Davis were worth $689,000 at the end of the most recent quarter.

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

Ziff Davis Price Performance

Ziff Davis stock opened at $55.57 on Thursday. The company has a market capitalization of $2.38 billion, a price-to-earnings ratio of 47.09 and a beta of 1.35. The stock’s 50 day moving average is $53.11 and its 200-day moving average is $50.57. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.49. Ziff Davis, Inc. has a 12 month low of $37.76 and a 12 month high of $70.90.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Barclays upped their target price on shares of Ziff Davis from $44.00 to $61.00 and gave the company an “equal weight” rating in a report on Monday, November 11th. UBS Group dropped their price objective on Ziff Davis from $76.00 to $65.00 and set a “neutral” rating on the stock in a research note on Tuesday, December 3rd. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $95.00 target price on shares of Ziff Davis in a research note on Friday, September 6th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Ziff Davis currently has a consensus rating of “Moderate Buy” and an average target price of $69.71.

Ziff Davis Company 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.