Insider Selling: j2 Global, Inc. (JCOM) VP Sells $186,161.70 in Stock

j2 Global, Inc. (NASDAQ:JCOM) VP Jeremy Rossen sold 2,514 shares of j2 Global stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $74.05, for a total value of $186,161.70. Following the transaction, the vice president now directly owns 26,372 shares in the company, valued at $1,952,846.60. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

j2 Global, Inc. (NASDAQ JCOM) opened at $74.48 on Friday. The stock has a market capitalization of $3,615.66, a PE ratio of 14.56 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 1.67. j2 Global, Inc. has a 52 week low of $69.61 and a 52 week high of $91.48.

j2 Global (NASDAQ:JCOM) last announced its quarterly earnings data on Thursday, November 2nd. The technology company reported $1.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.36 by ($0.02). The business had revenue of $273.60 million during 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 firm’s revenue for the quarter was up 30.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.25 earnings per share. sell-side analysts predict that j2 Global, Inc. will post 5.35 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 5th. Stockholders of record on Friday, November 17th will be paid a $0.395 dividend. This represents a $1.58 dividend on an annualized basis and a dividend yield of 2.12%. This is an increase from j2 Global’s previous quarterly dividend of $0.39. The ex-dividend date is Thursday, November 16th. j2 Global’s payout ratio is currently 57.04%.

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Several large investors have recently made changes to their positions in the company. FMR LLC lifted its stake in shares of j2 Global by 19.9% in the 2nd 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. Vanguard Group Inc. lifted its stake in shares of j2 Global by 3.3% in the 2nd quarter. Vanguard Group Inc. now owns 3,904,633 shares of the technology company’s stock valued at $332,246,000 after purchasing an additional 123,030 shares during the period. William Blair Investment Management LLC lifted its stake in shares of j2 Global by 20.0% in the 2nd quarter. William Blair Investment Management LLC now owns 3,114,743 shares of the technology company’s stock valued at $265,033,000 after purchasing an additional 518,998 shares during the period. TimesSquare Capital Management LLC increased its position in j2 Global by 2.4% in the 3rd quarter. TimesSquare Capital Management LLC now owns 1,788,367 shares of the technology company’s stock valued at $132,125,000 after buying an additional 41,255 shares in the last quarter. Finally, State Street Corp increased its position in j2 Global by 4.5% in the 2nd quarter. State Street Corp now owns 1,675,239 shares of the technology company’s stock valued at $142,548,000 after buying an additional 71,785 shares in the last quarter.

JCOM has been the topic of several recent research reports. BidaskClub downgraded j2 Global from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 9th. Zacks Investment Research downgraded j2 Global from a “hold” rating to a “sell” rating in a report on Wednesday, August 9th. Citigroup Inc. cut their target price on j2 Global from $89.00 to $88.00 and set a “neutral” rating on the stock in a report on Monday, August 7th. ValuEngine raised j2 Global from a “hold” rating to a “buy” rating in a report on Wednesday, October 11th. Finally, 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. Two analysts have rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company. The company currently 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)

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