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j2 Global (NASDAQ:JCOM) CEO Nehemia Zucker sold 13,020 shares of the company’s stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $53.59, for a total transaction of $697,741.80. Following the sale, the chief executive officer now directly owns 172,317 shares in the company, valued at approximately $9,234,468. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

j2 Global (NASDAQ:JCOM) traded down 0.88% on Wednesday, hitting $52.98. The stock had a trading volume of 63,248 shares. j2 Global has a one year low of $41.09 and a one year high of $56.24. The stock has a 50-day moving average of $50.47 and a 200-day moving average of $48.85. The company has a market cap of $2.529 billion and a P/E ratio of 22.72.

j2 Global (NASDAQ:JCOM) last announced its earnings results on Tuesday, August 5th. The company reported $0.84 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.82 by $0.02. The company had revenue of $144.70 million for the quarter, compared to the consensus estimate of $143.40 million. During the same quarter in the prior year, the company posted $0.83 earnings per share. The company’s quarterly revenue was up 2.3% on a year-over-year basis. On average, analysts predict that j2 Global will post $3.35 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Tuesday, September 2nd. Investors of record on Monday, August 18th will be paid a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a dividend yield of 2.08%. The ex-dividend date is Thursday, August 14th. This is an increase from j2 Global’s previous quarterly dividend of $0.27.

Separately, analysts at Northland Securities raised their price target on shares of j2 Global from $52.00 to $56.00 in a research note on Wednesday, August 6th. They now have an “outperform” rating on the stock.

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.

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