Stifel Financial Corp boosted its position in J2 Global Inc (NASDAQ:JCOM) by 77.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 229,999 shares of the technology company’s stock after buying an additional 100,385 shares during the period. Stifel Financial Corp owned 0.48% of J2 Global worth $19,346,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently bought and sold shares of JCOM. Texas Permanent School Fund raised its position in J2 Global by 3.4% in the third quarter. Texas Permanent School Fund now owns 36,575 shares of the technology company’s stock worth $2,436,000 after buying an additional 1,205 shares in the last quarter. DUPONT CAPITAL MANAGEMENT Corp raised its position in J2 Global by 303.4% in the third quarter. DUPONT CAPITAL MANAGEMENT Corp now owns 76,257 shares of the technology company’s stock worth $5,079,000 after buying an additional 57,353 shares in the last quarter. Mutual of America Capital Management LLC raised its position in J2 Global by 3.3% in the third quarter. Mutual of America Capital Management LLC now owns 78,160 shares of the technology company’s stock worth $5,206,000 after buying an additional 2,507 shares in the last quarter. First Trust Advisors LP raised its position in J2 Global by 14.7% in the third quarter. First Trust Advisors LP now owns 859,118 shares of the technology company’s stock worth $57,226,000 after buying an additional 110,372 shares in the last quarter. Finally, New Amsterdam Partners LLC NY purchased a new position in J2 Global during the third quarter worth approximately $4,464,000.
J2 Global Inc (NASDAQ:JCOM) traded up 0.79% during midday trading on Friday, reaching $81.50. 358,081 shares of the company’s stock were exchanged. The firm’s 50-day moving average is $85.44 and its 200 day moving average is $82.10. The stock has a market cap of $3.93 billion, a P/E ratio of 26.84 and a beta of 1.07. J2 Global Inc has a 1-year low of $60.00 and a 1-year high of $91.48.
J2 Global (NASDAQ:JCOM) last issued its quarterly earnings data on Monday, May 8th. The technology company reported $1.14 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.21 by $0.07. The company had revenue of $254.70 million during the quarter, compared to the consensus estimate of $258.15 million. J2 Global had a net margin of 17.44% and a return on equity of 25.99%. J2 Global’s revenue for the quarter was up 27.0% compared to the same quarter last year. During the same period in the previous year, the company earned $1.05 earnings per share. Equities analysts anticipate that J2 Global Inc will post $5.84 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 2nd. Stockholders of record on Friday, May 19th will be given a $0.375 dividend. The ex-dividend date of this dividend is Wednesday, May 17th. This is a positive change from J2 Global’s previous quarterly dividend of $0.37. This represents a $1.50 annualized dividend and a dividend yield of 1.86%. J2 Global’s dividend payout ratio is presently 45.37%.
A number of equities analysts recently commented on JCOM shares. Zacks Investment Research lowered shares of J2 Global from a “hold” rating to a “sell” rating in a research note on Thursday, January 19th. Citigroup Inc downgraded shares of J2 Global from a “buy” rating to a “neutral” rating in a research report on Wednesday, January 25th. JMP Securities increased their target price on shares of J2 Global from $96.00 to $105.00 and gave the stock an “outperform” rating in a research report on Friday, February 10th. Finally, Susquehanna Bancshares Inc reiterated a “positive” rating and issued a $120.00 target price (up previously from $95.00) on shares of J2 Global in a research report on Tuesday, May 9th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $97.00.
In other news, VP Jeremy Rossen sold 1,094 shares of the stock in a transaction dated Wednesday, May 10th. The shares were sold at an average price of $88.65, for a total value of $96,983.10. Following the transaction, the vice president now directly owns 31,466 shares of the company’s stock, valued at $2,789,460.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Nehemia Zucker sold 7,476 shares of the stock in a transaction dated Monday, March 13th. The shares were sold at an average price of $85.52, for a total transaction of $639,347.52. Following the completion of the transaction, the chief executive officer now directly owns 184,360 shares in the company, valued at $15,766,467.20. The disclosure for this sale can be found here. Insiders sold 17,570 shares of company stock worth $1,534,361 over the last three months. Insiders own 5.11% of the company’s stock.
J2 Global Company Profile
j2 Global, Inc is a provider of services delivered through the Internet. The Company provides cloud services to businesses of all sizes, from individuals to enterprises. The Company operates in two segments: Business Cloud Services and Digital Media. The Company’s Digital Media business segment consists of the Web properties and business operations of Ziff Davis, Inc (Ziff Davis).
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