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%.

WARNING: This news story was published by American Banking News and is the sole property of of American Banking News. If you are accessing this news story on another site, it was stolen and reposted in violation of U.S. & international copyright laws. The correct version of this news story can be read at https://www.americanbankingnews.com/2017/11/08/jeremy-rossen-sells-2514-shares-of-j2-global-inc-jcom-stock.html.

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).

Insider Buying and Selling by Quarter for j2 Global (NASDAQ:JCOM)

Receive News & Ratings for j2 Global Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for j2 Global Inc. and related companies with MarketBeat.com's FREE daily email newsletter.