Jeremy Rossen Sells 2,514 Shares of j2 Global, Inc. (JCOM) Stock
j2 Global, Inc. (NASDAQ:JCOM) VP Jeremy Rossen sold 2,514 shares of the company’s stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $74.05, for a total transaction of $186,161.70. Following the sale, the vice president now directly owns 26,372 shares of the company’s stock, valued at approximately $1,952,846.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of j2 Global, Inc. (NASDAQ JCOM) traded up $1.04 during mid-day trading on Wednesday, hitting $75.52. 270,821 shares of the stock traded hands, compared to its average volume of 438,755. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.67 and a current ratio of 2.79. The firm has a market cap of $3,580.26, a PE ratio of 14.44 and a beta of 0.88. j2 Global, Inc. has a 1 year low of $67.99 and a 1 year high of $91.48.
j2 Global (NASDAQ:JCOM) last announced its quarterly earnings results on Thursday, November 2nd. The technology company reported $1.34 earnings per share for the quarter, missing the consensus estimate of $1.36 by ($0.02). The firm had revenue of $273.60 million for the quarter, compared to analyst estimates of $272.84 million. j2 Global had a net margin of 12.60% and a return on equity of 26.43%. The company’s revenue was up 30.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.25 EPS. analysts expect that j2 Global, Inc. will post 5.39 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 5th. Stockholders of record on Friday, November 17th will be given a dividend of $0.395 per share. This is a boost from j2 Global’s previous quarterly dividend of $0.39. The ex-dividend date is Thursday, November 16th. This represents a $1.58 annualized dividend and a dividend yield of 2.09%. j2 Global’s payout ratio is presently 57.04%.
Several hedge funds have recently made changes to their positions in the company. Rothschild Asset Management Inc. boosted its position in shares of j2 Global by 5.9% during the 3rd quarter. Rothschild Asset Management Inc. now owns 464,394 shares of the technology company’s stock valued at $34,309,000 after acquiring an additional 25,718 shares during the last quarter. Pacer Advisors Inc. lifted its position in j2 Global by 11.6% in the third quarter. Pacer Advisors Inc. now owns 6,514 shares of the technology company’s stock valued at $481,000 after buying an additional 675 shares during the last quarter. Macquarie Group Ltd. lifted its position in j2 Global by 6.1% in the third quarter. Macquarie Group Ltd. now owns 1,067,179 shares of the technology company’s stock valued at $78,843,000 after buying an additional 61,641 shares during the last quarter. Quantbot Technologies LP acquired a new position in j2 Global in the third quarter valued at about $1,086,000. Finally, Russell Investments Group Ltd. lifted its position in j2 Global by 28.6% in the third quarter. Russell Investments Group Ltd. now owns 289,545 shares of the technology company’s stock valued at $21,391,000 after buying an additional 64,310 shares during the last quarter.
JCOM has been the subject of a number of research reports. Robert W. Baird reaffirmed a “buy” rating and set a $94.00 target price on shares of j2 Global in a report on Friday, September 1st. ValuEngine raised shares of j2 Global from a “hold” rating to a “buy” rating in a report on Wednesday, October 11th. Zacks Investment Research raised shares of j2 Global from a “sell” rating to a “hold” rating in a report on Wednesday, October 4th. Citigroup Inc. lowered their price target on shares of j2 Global from $89.00 to $88.00 and set a “neutral” rating on the stock in a research report on Monday, August 7th. Finally, BidaskClub cut shares of j2 Global from a “hold” rating to a “sell” rating in a research report on Tuesday, July 25th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company’s stock. j2 Global has an average rating of “Hold” and a consensus price target of $101.75.
About j2 Global
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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