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j2 Global (NASDAQ:JCOM) VP Jeffrey Daniel Adelman sold 1,635 shares of j2 Global stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $53.24, for a total transaction of $87,047.40. Following the sale, the vice president now directly owns 25,991 shares of the company’s stock, valued at approximately $1,383,761. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

j2 Global (NASDAQ:JCOM) traded down 0.88% during mid-day trading on Wednesday, hitting $52.98. The stock had a trading volume of 63,248 shares. j2 Global has a 1-year low of $41.09 and a 1-year high of $56.24. The stock’s 50-day moving average is $50.47 and its 200-day moving average is $48.85. The company has a market cap of $2.529 billion and a price-to-earnings ratio of 22.72.

j2 Global (NASDAQ:JCOM) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $0.84 EPS for the quarter, beating the Thomson Reuters 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 previous year, the company posted $0.83 earnings per share. The company’s revenue for the quarter was up 2.3% on a year-over-year basis. Analysts expect that j2 Global will post $3.35 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Tuesday, September 2nd. Stockholders of record on Monday, August 18th will be given a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a yield of 2.08%. The ex-dividend date of this dividend is Thursday, August 14th. This is a boost 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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