Louisiana State Employees Retirement System Sells 4,700 Shares of ZoomInfo Technologies Inc. (NASDAQ:ZI)

Louisiana State Employees Retirement System reduced its holdings in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI) by 5.9% in the 4th quarter, Holdings Channel.com reports. The fund owned 75,300 shares of the company’s stock after selling 4,700 shares during the period. Louisiana State Employees Retirement System’s holdings in ZoomInfo Technologies were worth $791,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in ZI. Victory Capital Management Inc. grew its stake in shares of ZoomInfo Technologies by 83.4% in the third quarter. Victory Capital Management Inc. now owns 163,708 shares of the company’s stock valued at $1,689,000 after buying an additional 74,455 shares in the last quarter. Versor Investments LP bought a new position in shares of ZoomInfo Technologies in the third quarter valued at $516,000. State Street Corp grew its stake in shares of ZoomInfo Technologies by 2.0% in the third quarter. State Street Corp now owns 8,626,463 shares of the company’s stock valued at $89,025,000 after buying an additional 165,440 shares in the last quarter. XTX Topco Ltd bought a new position in shares of ZoomInfo Technologies in the third quarter valued at $895,000. Finally, KBC Group NV grew its stake in shares of ZoomInfo Technologies by 2,644.4% in the fourth quarter. KBC Group NV now owns 257,781 shares of the company’s stock valued at $2,709,000 after buying an additional 248,388 shares in the last quarter. 95.47% of the stock is owned by institutional investors.

Insider Buying and Selling

In other ZoomInfo Technologies news, Director David Randall Winn sold 290,541 shares of ZoomInfo Technologies stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $11.06, for a total value of $3,213,383.46. Following the transaction, the director now owns 1,266,807 shares in the company, valued at $14,010,885.42. The trade was a 18.66 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CTO Ali Dasdan sold 4,898 shares of ZoomInfo Technologies stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $11.01, for a total value of $53,926.98. Following the completion of the transaction, the chief technology officer now owns 118,659 shares in the company, valued at approximately $1,306,435.59. This represents a 3.96 % decrease in their position. The disclosure for this sale can be found here. 8.10% of the stock is owned by company insiders.

ZoomInfo Technologies Stock Up 2.6 %

Shares of NASDAQ ZI opened at $10.51 on Wednesday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.63 and a current ratio of 0.63. ZoomInfo Technologies Inc. has a 52 week low of $7.65 and a 52 week high of $17.89. The stock has a market capitalization of $3.61 billion, a P/E ratio of 350.45, a PEG ratio of 13.57 and a beta of 1.01. The stock’s fifty day moving average is $10.33 and its 200 day moving average is $10.29.

Analyst Ratings Changes

Several equities analysts recently weighed in on ZI shares. Mizuho raised their target price on shares of ZoomInfo Technologies from $9.00 to $11.00 and gave the company a “neutral” rating in a research note on Wednesday, November 13th. KeyCorp cut shares of ZoomInfo Technologies from a “sector weight” rating to an “underweight” rating in a research note on Friday, December 13th. Citigroup raised their price target on ZoomInfo Technologies from $8.50 to $9.00 and gave the company a “sell” rating in a report on Tuesday, February 11th. Needham & Company LLC reaffirmed a “buy” rating and set a $15.00 price target on shares of ZoomInfo Technologies in a report on Wednesday, November 13th. Finally, Wells Fargo & Company reaffirmed an “equal weight” rating and set a $11.00 price target (down previously from $14.00) on shares of ZoomInfo Technologies in a report on Tuesday, January 7th. Six investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $12.15.

ZoomInfo Technologies Company Profile

ZoomInfo Technologies Inc, together with 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.