Metropolitan Life Insurance Co. NY Buys 24 Shares of j2 Global, Inc. (JCOM)

Metropolitan Life Insurance Co. NY boosted its stake in j2 Global, Inc. (NASDAQ:JCOM) by 0.0% during the first quarter, Holdings Channel reports. The institutional investor owned 76,130 shares of the technology company’s stock after buying an additional 24 shares during the period. Metropolitan Life Insurance Co. NY’s holdings in j2 Global were worth $6,388,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Meadow Creek Investment Management LLC raised its position in j2 Global by 7.0% in the first quarter. Meadow Creek Investment Management LLC now owns 1,216 shares of the technology company’s stock valued at $102,000 after buying an additional 80 shares in the last quarter. Fifth Third Bancorp raised its position in j2 Global by 14.8% in the first quarter. Fifth Third Bancorp now owns 1,444 shares of the technology company’s stock valued at $121,000 after buying an additional 186 shares in the last quarter. Ledyard National Bank purchased a new position in j2 Global during the first quarter valued at approximately $138,000. Neuburgh Advisers LLC raised its position in j2 Global by 7.0% in the first quarter. Neuburgh Advisers LLC now owns 1,672 shares of the technology company’s stock valued at $140,000 after buying an additional 110 shares in the last quarter. Finally, Tyers Asset Management LLC purchased a new position in j2 Global during the fourth quarter valued at approximately $163,000.

Institutional Ownership by Quarter for j2 Global (NASDAQ:JCOM)

j2 Global, Inc. (NASDAQ JCOM) traded up 0.039% on Friday, reaching $89.645. The company had a trading volume of 168,285 shares. The firm has a market capitalization of $4.32 billion, a price-to-earnings ratio of 29.518 and a beta of 0.97. j2 Global, Inc. has a 52-week low of $60.00 and a 52-week high of $91.48. The stock’s 50-day moving average price is $86.26 and its 200 day moving average price is $84.25.

j2 Global (NASDAQ:JCOM) last released its quarterly earnings data on Monday, May 8th. The technology company reported $1.14 EPS for the quarter, missing analysts’ consensus estimates of $1.21 by $0.07. j2 Global had a return on equity of 26.41% and a net margin of 15.98%. The firm had revenue of $254.70 million for the quarter, compared to analyst estimates of $258.15 million. During the same quarter in the previous year, the company earned $1.05 earnings per share. The company’s quarterly revenue was up 27.0% on a year-over-year basis. On average, equities analysts anticipate that j2 Global, Inc. will post $5.84 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, June 2nd. Investors of record on Friday, May 19th were given a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 1.67%. This is a boost from j2 Global’s previous quarterly dividend of $0.37. The ex-dividend date of this dividend was Wednesday, May 17th. j2 Global’s dividend payout ratio is 49.34%.

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Several research analysts have recently commented on the company. Zacks Investment Research lowered j2 Global from a “buy” rating to a “hold” rating in a research report on Wednesday, April 12th. Susquehanna Bancshares Inc restated a “positive” rating and set a $120.00 price target (up from $95.00) on shares of j2 Global in a research report on Tuesday, May 9th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $97.00.

In related news, VP Jeremy Rossen sold 1,094 shares of the company’s stock in a transaction on Wednesday, May 10th. The shares were sold at an average price of $88.65, for a total transaction of $96,983.10. Following the completion of the sale, the vice president now directly owns 31,466 shares of the company’s stock, valued at approximately $2,789,460.90. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Douglas Y. Bech sold 15,000 shares of the company’s stock in a transaction on Monday, June 12th. The stock was sold at an average price of $85.86, for a total transaction of $1,287,900.00. Following the sale, the director now directly owns 123,966 shares of the company’s stock, valued at $10,643,720.76. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 29,758 shares of company stock valued at $2,583,053. 5.15% of the stock is owned by corporate insiders.

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).new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:JCOM”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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