Teacher Retirement System of Texas lessened its stake in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI – Get Rating) by 23.2% during the 4th quarter, Holdings Channel reports. The fund owned 28,859 shares of the company’s stock after selling 8,709 shares during the quarter. Teacher Retirement System of Texas’ holdings in ZoomInfo Technologies were worth $869,000 at the end of the most recent quarter.
Several other institutional investors also recently bought and sold shares of ZI. CI Investments Inc. grew its holdings in ZoomInfo Technologies by 123.2% in the 4th quarter. CI Investments Inc. now owns 819 shares of the company’s stock valued at $25,000 after buying an additional 452 shares during the period. Parallel Advisors LLC lifted its holdings in shares of ZoomInfo Technologies by 84.5% in the fourth quarter. Parallel Advisors LLC now owns 1,199 shares of the company’s stock valued at $36,000 after buying an additional 549 shares during the period. Signaturefd LLC raised its position in ZoomInfo Technologies by 169.3% during the third quarter. Signaturefd LLC now owns 1,616 shares of the company’s stock valued at $67,000 after buying an additional 1,016 shares during the period. PNC Financial Services Group Inc. increased its holdings in shares of ZoomInfo Technologies by 47.2% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,925 shares of the company’s stock valued at $115,000 after acquiring an additional 617 shares during the last quarter. Finally, Heritage Wealth Management LLC bought a new stake in ZoomInfo Technologies during the 3rd quarter valued at approximately $142,000. 84.96% of the stock is owned by institutional investors and hedge funds.
Insider Transactions at ZoomInfo Technologies
In related news, CFO Peter Cameron Hyzer sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, June 5th. The stock was sold at an average price of $26.46, for a total transaction of $264,600.00. Following the completion of the sale, the chief financial officer now directly owns 1,172,653 shares of the company’s stock, valued at approximately $31,028,398.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other ZoomInfo Technologies news, COO Joseph Christopher Hays sold 30,000 shares of the firm’s stock in a transaction dated Monday, May 22nd. The shares were sold at an average price of $25.03, for a total value of $750,900.00. Following the transaction, the chief operating officer now owns 581,171 shares of the company’s stock, valued at $14,546,710.13. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Peter Cameron Hyzer sold 10,000 shares of ZoomInfo Technologies stock in a transaction on Monday, June 5th. The shares were sold at an average price of $26.46, for a total transaction of $264,600.00. Following the sale, the chief financial officer now directly owns 1,172,653 shares of the company’s stock, valued at approximately $31,028,398.38. The disclosure for this sale can be found here. Over the last three months, insiders have sold 50,000 shares of company stock valued at $1,236,400. Insiders own 8.10% of the company’s stock.
Analyst Ratings Changes
ZoomInfo Technologies Price Performance
Shares of ZI stock opened at $26.15 on Monday. ZoomInfo Technologies Inc. has a 52 week low of $20.33 and a 52 week high of $51.86. The stock’s fifty day moving average is $23.04 and its 200-day moving average is $25.40. The stock has a market capitalization of $10.52 billion, a PE ratio of 104.60, a PEG ratio of 2.77 and a beta of 0.94. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.47 and a current ratio of 1.47.
ZoomInfo Technologies (NASDAQ:ZI – Get Rating) last issued its quarterly earnings data on Monday, May 1st. The company reported $0.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.03. ZoomInfo Technologies had a net margin of 8.77% and a return on equity of 9.05%. The business had revenue of $300.70 million during the quarter, compared to analyst estimates of $299.91 million. Equities research analysts expect that ZoomInfo Technologies Inc. will post 0.65 EPS for the current fiscal year.
ZoomInfo Technologies Profile
ZoomInfo Technologies Inc, through its subsidiaries, provides go-to-market intelligence and engagement platform for sales and marketing teams in the United States and internationally. The company's cloud-based platform provides information on organizations and professionals to help users identify target customers and decision makers, obtain continually updated predictive lead and company scoring, monitor buying signals and other attributes of target companies, craft messages, engage through automated sales tools, and track progress through the deal cycle.
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