Nationwide Fund Advisors lessened its holdings in shares of j2 Global, Inc. (NASDAQ:JCOM) by 0.3% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 330,422 shares of the technology company’s stock after selling 1,017 shares during the quarter. Nationwide Fund Advisors owned approximately 0.68% of j2 Global worth $24,412,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also modified their holdings of the stock. APG Asset Management N.V. bought a new position in j2 Global during the third quarter valued at approximately $1,906,000. Foster & Motley Inc. raised its position in shares of j2 Global by 63.5% in the third quarter. Foster & Motley Inc. now owns 28,578 shares of the technology company’s stock valued at $2,111,000 after purchasing an additional 11,100 shares during the period. Fisher Asset Management LLC raised its position in shares of j2 Global by 6.6% in the third quarter. Fisher Asset Management LLC now owns 124,841 shares of the technology company’s stock valued at $9,223,000 after purchasing an additional 7,701 shares during the period. Eqis Capital Management Inc. bought a new position in shares of j2 Global in the third quarter valued at approximately $298,000. Finally, Colony Group LLC bought a new position in shares of j2 Global in the second quarter valued at approximately $2,129,000.
In related news, VP Jeremy Rossen sold 2,514 shares of the business’s stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $74.05, for a total transaction of $186,161.70. Following the transaction, the vice president now owns 26,372 shares of the company’s stock, valued at $1,952,846.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 5.15% of the company’s stock.
A number of equities analysts have recently commented on JCOM shares. Zacks Investment Research lowered shares of j2 Global from a “hold” rating to a “sell” rating in a research report on Friday, October 20th. ValuEngine raised shares of j2 Global from a “hold” rating to a “buy” rating in a research report on Wednesday, October 11th. Citigroup Inc. dropped 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. BidaskClub lowered shares of j2 Global from a “sell” rating to a “strong sell” rating in a research report on Wednesday, August 9th. Finally, Robert W. Baird reissued a “buy” rating and issued a $94.00 price target on shares of j2 Global in a research report on Friday, September 1st. 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. The company presently has a consensus rating of “Hold” and an average price target of $101.75.
j2 Global, Inc. (JCOM) opened at $76.02 on Monday. j2 Global, Inc. has a 52-week low of $71.09 and a 52-week high of $91.48. The company has a market cap of $3,680.05, a P/E ratio of 14.82 and a beta of 0.88. The company has a debt-to-equity ratio of 1.02, a current ratio of 2.79 and a quick ratio of 2.79.
j2 Global (NASDAQ:JCOM) last released its quarterly earnings results on Thursday, November 2nd. The technology company reported $1.34 EPS for the quarter, missing the Zacks’ consensus estimate of $1.36 by ($0.02). j2 Global had a net margin of 12.60% and a return on equity of 26.43%. The firm had revenue of $273.60 million during the quarter, compared to the consensus estimate of $272.84 million. During the same period in the prior year, the business earned $1.25 EPS. The company’s revenue for the quarter was up 30.2% compared to the same quarter last year. sell-side analysts forecast that j2 Global, Inc. will post 5.35 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 5th. Investors of record on Friday, November 17th will be given a dividend of $0.395 per share. The ex-dividend date is Thursday, November 16th. This represents a $1.58 dividend on an annualized basis and a yield of 2.08%. This is a positive change from j2 Global’s previous quarterly dividend of $0.39. j2 Global’s payout ratio is 58.52%.
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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