j2 Global, Inc. (JCOM) Receives Average Rating of “Hold” from Brokerages
Shares of j2 Global, Inc. (NASDAQ:JCOM) have earned a consensus rating of “Hold” from the seven brokerages that are presently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $101.75.
JCOM has been the subject of several recent research reports. BidaskClub upgraded j2 Global from a “hold” rating to a “buy” rating in a research report on Saturday, June 24th. Robert W. Baird reissued a “buy” rating and issued a $94.00 price objective on shares of j2 Global in a report on Friday, September 1st. ValuEngine lowered j2 Global from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Citigroup Inc. dropped their price objective on j2 Global from $89.00 to $88.00 and set a “neutral” rating on the stock in a report on Monday, August 7th. Finally, Zacks Investment Research lowered j2 Global from a “hold” rating to a “sell” rating in a report on Wednesday, August 9th.
In other j2 Global news, Director Douglas Y. Bech sold 15,000 shares of the firm’s stock in a transaction that occurred on Monday, June 12th. The stock was sold at an average price of $85.86, for a total value 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 sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 5.15% of the stock is currently owned by company insiders.
A number of institutional investors and hedge funds have recently modified their holdings of the business. FMR LLC grew its holdings in j2 Global by 19.9% in the second quarter. FMR LLC now owns 6,055,030 shares of the technology company’s stock valued at $515,222,000 after purchasing an additional 1,004,664 shares during the period. BlackRock Inc. boosted its stake in shares of j2 Global by 21,973.5% in the first quarter. BlackRock Inc. now owns 4,838,726 shares of the technology company’s stock worth $406,018,000 after acquiring an additional 4,816,805 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of j2 Global by 3.3% in the second quarter. Vanguard Group Inc. now owns 3,904,633 shares of the technology company’s stock worth $332,246,000 after acquiring an additional 123,030 shares during the last quarter. William Blair Investment Management LLC boosted its stake in shares of j2 Global by 20.0% in the second quarter. William Blair Investment Management LLC now owns 3,114,743 shares of the technology company’s stock worth $265,033,000 after acquiring an additional 518,998 shares during the last quarter. Finally, State Street Corp boosted its stake in shares of j2 Global by 4.5% in the second quarter. State Street Corp now owns 1,675,239 shares of the technology company’s stock worth $142,548,000 after acquiring an additional 71,785 shares during the last quarter.
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j2 Global (NASDAQ:JCOM) opened at 73.68 on Friday. The company’s 50 day moving average price is $77.08 and its 200-day moving average price is $83.05. j2 Global has a 52 week low of $62.55 and a 52 week high of $91.48. The company has a market capitalization of $3.56 billion, a P/E ratio of 24.68 and a beta of 0.97.
j2 Global (NASDAQ:JCOM) last announced its quarterly earnings results on Thursday, August 3rd. The technology company reported $1.25 earnings per share for the quarter, missing the consensus estimate of $1.31 by $0.06. The company had revenue of $273.20 million for the quarter, compared to analysts’ expectations of $271.89 million. j2 Global had a net margin of 14.74% and a return on equity of 26.62%. The firm’s revenue was up 29.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.21 earnings per share. Equities research analysts expect that j2 Global will post $5.76 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Monday, August 14th were issued a $0.385 dividend. This is a positive change from j2 Global’s previous quarterly dividend of $0.38. This represents a $1.54 annualized dividend and a yield of 2.09%. The ex-dividend date of this dividend was Thursday, August 10th. j2 Global’s dividend payout ratio (DPR) is presently 51.68%.
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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