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%.
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).
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.