Illinois Municipal Retirement Fund Acquires 66,167 Shares of Zoom Communications, Inc. $ZM

Illinois Municipal Retirement Fund lifted its stake in Zoom Communications, Inc. (NASDAQ:ZM) by 29.4% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 291,579 shares of the company’s stock after buying an additional 66,167 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Zoom Communications were worth $22,737,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. Wedmont Private Capital boosted its holdings in shares of Zoom Communications by 4.1% during the 2nd quarter. Wedmont Private Capital now owns 3,499 shares of the company’s stock valued at $271,000 after purchasing an additional 137 shares during the last quarter. Smartleaf Asset Management LLC boosted its stake in Zoom Communications by 6.7% during the first quarter. Smartleaf Asset Management LLC now owns 2,293 shares of the company’s stock valued at $172,000 after buying an additional 143 shares during the last quarter. Penserra Capital Management LLC grew its holdings in Zoom Communications by 12.6% during the 2nd quarter. Penserra Capital Management LLC now owns 1,446 shares of the company’s stock valued at $111,000 after buying an additional 162 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its stake in Zoom Communications by 44.4% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 556 shares of the company’s stock worth $43,000 after acquiring an additional 171 shares during the last quarter. Finally, Burns Matteson Capital Management LLC raised its holdings in shares of Zoom Communications by 3.1% during the 1st quarter. Burns Matteson Capital Management LLC now owns 5,801 shares of the company’s stock worth $428,000 after acquiring an additional 177 shares in the last quarter. 66.54% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms recently issued reports on ZM. Wedbush reaffirmed an “outperform” rating and set a $95.00 price target on shares of Zoom Communications in a research note on Friday, August 22nd. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $87.00 price target on shares of Zoom Communications in a report on Thursday, September 18th. Piper Sandler reiterated a “neutral” rating and issued a $85.00 price target on shares of Zoom Communications in a research report on Friday, August 22nd. Weiss Ratings restated a “hold (c+)” rating on shares of Zoom Communications in a research report on Tuesday, October 14th. Finally, Zacks Research raised Zoom Communications from a “hold” rating to a “strong-buy” rating in a research report on Thursday, September 18th. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, fifteen have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $91.74.

Zoom Communications Price Performance

ZM stock opened at $81.69 on Monday. Zoom Communications, Inc. has a 12 month low of $64.41 and a 12 month high of $92.80. The firm’s 50-day moving average is $83.00 and its 200 day moving average is $79.33. The company has a market capitalization of $24.72 billion, a PE ratio of 21.55, a P/E/G ratio of 11.15 and a beta of 0.79.

Zoom Communications (NASDAQ:ZM) last issued its earnings results on Thursday, August 21st. The company reported $0.99 EPS for the quarter, missing analysts’ consensus estimates of $1.38 by ($0.39). Zoom Communications had a return on equity of 11.91% and a net margin of 24.99%.The company had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.20 billion. During the same period last year, the business posted $1.39 earnings per share. The business’s revenue was up 4.7% compared to the same quarter last year. Zoom Communications has set its FY 2026 guidance at 5.810-5.840 EPS. Q3 2026 guidance at 1.420-1.44 EPS. Sell-side analysts forecast that Zoom Communications, Inc. will post 2.93 EPS for the current fiscal year.

Insider Activity

In related news, CFO Michelle Chang sold 33,956 shares of Zoom Communications stock in a transaction that occurred on Friday, October 10th. The shares were sold at an average price of $82.00, for a total transaction of $2,784,392.00. Following the transaction, the chief financial officer directly owned 20,539 shares of the company’s stock, valued at $1,684,198. This trade represents a 62.31% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Santiago Subotovsky sold 2,475 shares of the company’s stock in a transaction on Monday, October 6th. The stock was sold at an average price of $80.78, for a total value of $199,930.50. Following the sale, the director owned 152,644 shares of the company’s stock, valued at approximately $12,330,582.32. This represents a 1.60% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 321,470 shares of company stock valued at $26,684,150. Company insiders own 10.78% of the company’s stock.

About Zoom Communications

Zoom Video Communications, Inc provides unified communications platform in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. The company offers Zoom Meetings that offers HD video, voice, chat, and content sharing through mobile devices, desktops, laptops, telephones, and conference room systems; Zoom Phone, an enterprise cloud phone system; and Zoom Chat enables users to share messages, images, audio files, and content in desktop, laptop, tablet, and mobile devices.