Fiera Capital Corp Grows Stock Holdings in GoDaddy Inc. $GDDY

Fiera Capital Corp boosted its stake in shares of GoDaddy Inc. (NYSE:GDDY) by 3.5% during the second quarter, Holdings Channel reports. The firm owned 257,635 shares of the technology company’s stock after purchasing an additional 8,696 shares during the quarter. Fiera Capital Corp’s holdings in GoDaddy were worth $46,390,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Police & Firemen s Retirement System of New Jersey raised its stake in GoDaddy by 2.2% during the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 20,902 shares of the technology company’s stock valued at $3,764,000 after buying an additional 452 shares during the last quarter. Geode Capital Management LLC increased its position in GoDaddy by 2.2% during the second quarter. Geode Capital Management LLC now owns 3,779,220 shares of the technology company’s stock valued at $677,726,000 after acquiring an additional 81,623 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in GoDaddy by 18.8% in the second quarter. PNC Financial Services Group Inc. now owns 11,026 shares of the technology company’s stock valued at $1,985,000 after acquiring an additional 1,745 shares during the period. Robeco Schweiz AG purchased a new position in GoDaddy in the second quarter worth about $9,129,000. Finally, Vise Technologies Inc. purchased a new position in GoDaddy in the second quarter worth about $401,000. Institutional investors own 90.28% of the company’s stock.

GoDaddy Stock Performance

Shares of NYSE GDDY opened at $132.32 on Thursday. The firm has a fifty day moving average price of $136.88 and a 200-day moving average price of $158.37. The company has a debt-to-equity ratio of 9.33, a current ratio of 0.64 and a quick ratio of 0.64. The stock has a market cap of $17.88 billion, a PE ratio of 23.63, a price-to-earnings-growth ratio of 1.36 and a beta of 0.96. GoDaddy Inc. has a 1 year low of $125.00 and a 1 year high of $216.00.

GoDaddy (NYSE:GDDY) last released its earnings results on Thursday, October 30th. The technology company reported $1.51 earnings per share for the quarter, beating analysts’ consensus estimates of $1.50 by $0.01. The company had revenue of $1.27 billion for the quarter, compared to analysts’ expectations of $1.23 billion. GoDaddy had a net margin of 17.01% and a return on equity of 189.42%. GoDaddy’s revenue for the quarter was up 10.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.32 EPS. GoDaddy has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Equities analysts anticipate that GoDaddy Inc. will post 6.63 earnings per share for the current fiscal year.

Insider Transactions at GoDaddy

In related news, CAO Phontip Palitwanon sold 777 shares of the business’s stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $142.21, for a total value of $110,497.17. Following the transaction, the chief accounting officer directly owned 20,421 shares of the company’s stock, valued at approximately $2,904,070.41. The trade was a 3.67% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Mark Mccaffrey sold 3,326 shares of the stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $142.21, for a total transaction of $472,990.46. Following the sale, the chief financial officer directly owned 70,133 shares of the company’s stock, valued at approximately $9,973,613.93. This trade represents a 4.53% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 20,553 shares of company stock valued at $2,969,057. 0.70% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

GDDY has been the subject of several research reports. UBS Group reduced their price target on shares of GoDaddy from $160.00 to $145.00 and set a “neutral” rating for the company in a research report on Friday, October 31st. Weiss Ratings reiterated a “hold (c)” rating on shares of GoDaddy in a research report on Friday, October 31st. Wells Fargo & Company cut their price objective on shares of GoDaddy from $157.00 to $145.00 and set an “equal weight” rating for the company in a research report on Monday, October 6th. Raymond James Financial restated a “strong-buy” rating on shares of GoDaddy in a research note on Friday, October 31st. Finally, Piper Sandler set a $182.00 target price on GoDaddy and gave the stock an “overweight” rating in a report on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $184.07.

About GoDaddy

GoDaddy Inc engages in the design and development of cloud-based products in the United States and internationally. It operates through two segments: Applications and Commerce, and Core Platform. The Applications and Commerce segment provides applications products, including Websites + Marketing, a mobile-optimized online tool that enables customers to build websites and e-commerce enabled online stores; and Managed WordPress, a streamlined and optimized website building that allows customers to easily build and manage a faster WordPress site; Managed WooCommerce Stores to sell anything and anywhere online; and marketing tools and services, such as GoDaddy Studio mobile application, search engine optimization, Meta and Google My Business, and email and social media marketing designed to help businesses acquire and engage customers and create content.