Chase Investment Counsel Corp increased its stake in shares of j2 Global, Inc. (NASDAQ:JCOM) by 1.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 7,271 shares of the technology company’s stock after buying an additional 96 shares during the period. Chase Investment Counsel Corp’s holdings in j2 Global were worth $618,000 as of its most recent filing with the SEC.
Several other institutional investors also recently made changes to their positions in the stock. Meadow Creek Investment Management LLC boosted its position in shares of j2 Global by 7.0% in the first quarter. Meadow Creek Investment Management LLC now owns 1,216 shares of the technology company’s stock valued at $102,000 after buying an additional 80 shares during the last quarter. Fifth Third Bancorp boosted its position in shares of j2 Global by 14.8% in the first quarter. Fifth Third Bancorp now owns 1,444 shares of the technology company’s stock valued at $121,000 after buying an additional 186 shares during the last quarter. Ledyard National Bank bought a new position in shares of j2 Global during the first quarter valued at $138,000. Neuburgh Advisers LLC boosted its position in shares of j2 Global by 7.0% in the first quarter. Neuburgh Advisers LLC now owns 1,672 shares of the technology company’s stock valued at $140,000 after buying an additional 110 shares during the last quarter. Finally, Tyers Asset Management LLC boosted its position in shares of j2 Global by 7.0% in the first quarter. Tyers Asset Management LLC now owns 2,128 shares of the technology company’s stock valued at $179,000 after buying an additional 140 shares during the last quarter.
Shares of j2 Global, Inc. (NASDAQ:JCOM) traded down 0.28% during midday trading on Wednesday, reaching $85.27. 58,198 shares of the company traded hands. The firm has a market capitalization of $4.11 billion, a PE ratio of 28.08 and a beta of 0.95. The company has a 50-day moving average of $85.82 and a 200 day moving average of $84.93. j2 Global, Inc. has a 12-month low of $62.55 and a 12-month high of $91.48.
j2 Global (NASDAQ:JCOM) last issued its quarterly earnings data on Monday, May 8th. The technology company reported $1.14 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.21 by $0.07. j2 Global had a return on equity of 26.41% and a net margin of 15.98%. The firm had revenue of $254.70 million during the quarter, compared to the consensus estimate of $258.15 million. During the same period in the previous year, the company posted $1.05 earnings per share. The company’s revenue for the quarter was up 27.0% on a year-over-year basis. On average, equities analysts forecast that j2 Global, Inc. will post $5.84 earnings per share for the current year.
Several equities analysts have recently weighed in on the company. BidaskClub cut j2 Global from a “hold” rating to a “sell” rating in a report on Tuesday. Zacks Investment Research cut j2 Global from a “buy” rating to a “hold” rating in a report on Wednesday, April 12th. Finally, Susquehanna Bancshares Inc restated a “positive” rating and issued a $120.00 price objective (up previously from $95.00) on shares of j2 Global in a report on Tuesday, May 9th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $97.00.
In other j2 Global news, Director Douglas Y. Bech sold 15,000 shares of the company’s stock in a transaction dated Monday, June 12th. The shares were sold at an average price of $85.86, for a total value of $1,287,900.00. Following the completion of the sale, the director now directly owns 123,966 shares of the company’s stock, valued at approximately $10,643,720.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Jeremy Rossen sold 1,094 shares of the company’s stock in a transaction dated Wednesday, May 10th. The stock was sold at an average price of $88.65, for a total transaction of $96,983.10. Following the completion of the sale, the vice president now directly owns 31,466 shares of the company’s stock, valued at $2,789,460.90. The disclosure for this sale can be found here. Insiders sold a total of 29,758 shares of company stock valued at $2,583,053 over the last ninety days. 5.15% of the stock is currently owned by insiders.
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).
Want to see what other hedge funds are holding JCOM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for j2 Global, Inc. (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.
