SG Americas Securities LLC raised its stake in shares of J2 Global Inc (NASDAQ:JCOM) by 275.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 116,176 shares of the technology company’s stock after purchasing an additional 85,244 shares during the period. SG Americas Securities LLC owned 0.24% of J2 Global worth $10,061,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds also recently modified their holdings of the business. Vanguard Group Inc. raised its position in J2 Global by 1.8% during the third quarter. Vanguard Group Inc. now owns 4,341,776 shares of the technology company’s stock valued at $359,716,000 after purchasing an additional 78,738 shares during the period. Vanguard Group Inc grew its stake in shares of J2 Global by 1.8% during the third quarter. Vanguard Group Inc now owns 4,341,776 shares of the technology company’s stock valued at $359,716,000 after buying an additional 78,738 shares during the last quarter. Macquarie Group Ltd. grew its stake in shares of J2 Global by 8.6% during the fourth quarter. Macquarie Group Ltd. now owns 1,277,790 shares of the technology company’s stock valued at $88,653,000 after buying an additional 100,689 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of J2 Global by 6.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 942,566 shares of the technology company’s stock valued at $65,395,000 after buying an additional 53,199 shares during the last quarter. Finally, Nordea Investment Management AB grew its stake in shares of J2 Global by 35.0% during the fourth quarter. Nordea Investment Management AB now owns 908,821 shares of the technology company’s stock valued at $63,055,000 after buying an additional 235,849 shares during the last quarter. Institutional investors and hedge funds own 99.90% of the company’s stock.
NASDAQ:JCOM traded down $0.35 during midday trading on Wednesday, hitting $86.88. The stock had a trading volume of 170,309 shares, compared to its average volume of 366,094. J2 Global Inc has a one year low of $65.07 and a one year high of $91.58. The stock has a market cap of $4.23 billion, a P/E ratio of 14.68, a price-to-earnings-growth ratio of 1.63 and a beta of 0.88. The company has a quick ratio of 1.50, a current ratio of 1.25 and a debt-to-equity ratio of 1.01.
J2 Global (NASDAQ:JCOM) last announced its quarterly earnings data on Tuesday, May 7th. The technology company reported $1.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.19 by $0.14. J2 Global had a return on equity of 28.93% and a net margin of 11.60%. The company had revenue of $299.90 million for the quarter, compared to analysts’ expectations of $296.12 million. During the same quarter in the prior year, the firm earned $1.22 earnings per share. J2 Global’s revenue was up 6.9% compared to the same quarter last year. On average, sell-side analysts anticipate that J2 Global Inc will post 6.65 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 4th. Investors of record on Monday, May 20th will be paid a $0.455 dividend. The ex-dividend date is Friday, May 17th. This represents a $1.82 annualized dividend and a yield of 2.09%. This is a boost from J2 Global’s previous quarterly dividend of $0.45. J2 Global’s dividend payout ratio is 30.74%.
A number of research firms have recently commented on JCOM. Zacks Investment Research raised J2 Global from a “hold” rating to a “buy” rating and set a $99.00 target price on the stock in a research note on Wednesday, April 17th. BidaskClub cut J2 Global from a “buy” rating to a “hold” rating in a research note on Wednesday, February 13th. Citigroup upped their target price on J2 Global from $84.00 to $86.00 and gave the company a “neutral” rating in a research note on Thursday, February 14th. Wedbush upped their target price on J2 Global from $95.00 to $105.00 and gave the company an “outperform” rating in a research note on Thursday, May 9th. Finally, DA Davidson set a $110.00 target price on J2 Global and gave the company a “buy” rating in a research note on Monday, April 22nd. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. J2 Global has an average rating of “Buy” and an average target price of $100.20.
In other J2 Global news, Director Douglas Y. Bech sold 4,307 shares of the stock in a transaction on Thursday, February 21st. The stock was sold at an average price of $85.12, for a total transaction of $366,611.84. Following the sale, the director now owns 123,081 shares of the company’s stock, valued at approximately $10,476,654.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO R Scott Turicchi sold 10,000 shares of the stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $86.67, for a total value of $866,700.00. Following the sale, the chief financial officer now directly owns 293,139 shares in the company, valued at approximately $25,406,357.13. The disclosure for this sale can be found here. In the last three months, insiders sold 64,807 shares of company stock worth $5,555,067. 5.90% of the stock is owned by insiders.
J2 Global Profile
j2 Global, Inc, together with its subsidiaries, provides Internet services worldwide. It operates through three segments: Fax and Email Marketing; Voice, Backup, and Security; and Digital Media. The company offers cloud services to sole proprietors, small to medium-sized businesses and enterprises, and government organizations.
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