Nisa Investment Advisors LLC Sells Shares of Ziff Davis, Inc. (NASDAQ:ZD)

2 min read | January 28, 2025 12:29 AM PST | By Team Kalkine Media

Nisa Investment Advisors LLC Sells Shares of Ziff Davis, Inc. (NASDAQ:ZD)

Headlines

Nisa Investment Advisors LLC reduced its stake in Ziff Davis by 2.7% during Q4, signifying a slight shift among institutional investors.
Ziff Davis reported a positive earnings surprise in the last quarter, reflecting a solid financial position amid market fluctuations.

Institutional Movements and Investment Insights

In recent developments, Nisa Investment Advisors LLC decreased its holdings in Ziff Davis, Inc. (NASDAQ:ZD) by 2.7% during the fourth quarter. This adjustment left the firm owning 28,615 shares of the technology company's stock, showcasing a slight repositioning among institutional investors. As of the latest Securities & Exchange Commission filing, this stake was valued at approximately $1,555,000.

Beyond Nisa Investment Advisors LLC, several other institutional investors have also modified their stakes in Ziff Davis. For instance, Wilmington Savings Fund Society FSB acquired a new position valued at about $37,000 in the third quarter, while TD Private Client Wealth LLC increased its shareholding by 19.2%. In parallel, Central Pacific Bank Trust Division augmented its stake by 21.3%. Additionally, FORA Capital LLC and CIBC Asset Management Inc took new positions in the third quarter, investing $210,000 and $217,000, respectively. Collectively, these actions underscore the interest and strategic shifts among institutional stakeholders, who own about 99.76% of the company's stock.

Financial Highlights

Shares of Ziff Davis opened at $54.51, reflecting a year-long fluctuation with lows of $37.76 and highs of $70.90. With a market cap of $2.33 billion and a P/E ratio of 46.20, the company sustains a beta of 1.36, indicating moderate volatility relative to the market. Financial metrics include a debt-to-equity ratio of 0.49 and both current and quick ratios at 1.42.

The recent earnings report showed Ziff Davis achieving $1.44 EPS for the quarter, surpassing analysts' expectations of $1.34. Revenues reached $353.58 million, with a net margin of 4.52% and a return on equity of 13.98%, compared to $1.35 EPS earned in the same quarter of the previous year. For the current fiscal year, equities analysts project an EPS of 5.93, signaling healthy growth trajectory expectations.

Company Overview

Ziff Davis, Inc., along with its subsidiaries, operates as a prominent digital media and internet company. The company's portfolio includes PCMag, a leading platform for laboratory-based product reviews, Mashable for technology and culture content, and Spiceworks for IT services.

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