Nisa Investment Advisors LLC lowered its position in shares of j2 Global, Inc. (NASDAQ:JCOM) by 0.2% during the second quarter, according to its most recent filing with the SEC. The fund owned 32,050 shares of the technology company’s stock after selling 70 shares during the period. Nisa Investment Advisors LLC owned about 0.07% of j2 Global worth $2,726,000 at the end of the most recent quarter.
Several other hedge funds have also made changes to their positions in the stock. Renaissance Technologies LLC acquired a new stake in shares of j2 Global during the fourth quarter worth approximately $303,000. Charter Trust Co. boosted its position in shares of j2 Global by 76.9% in the first quarter. Charter Trust Co. now owns 5,929 shares of the technology company’s stock worth $497,000 after buying an additional 2,578 shares during the last quarter. Bank of Montreal Can boosted its position in shares of j2 Global by 18.7% in the first quarter. Bank of Montreal Can now owns 85,574 shares of the technology company’s stock worth $7,180,000 after buying an additional 13,500 shares during the last quarter. Capstone Asset Management Co. boosted its position in shares of j2 Global by 6.0% in the first quarter. Capstone Asset Management Co. now owns 3,703 shares of the technology company’s stock worth $311,000 after buying an additional 210 shares during the last quarter. Finally, Fox Run Management L.L.C. purchased a new position in shares of j2 Global during the first quarter worth about $285,000.
j2 Global, Inc. (NASDAQ:JCOM) opened at 75.48 on Thursday. The firm has a 50-day moving average price of $82.12 and a 200-day moving average price of $84.26. j2 Global, Inc. has a 12 month low of $62.55 and a 12 month high of $91.48. The stock has a market cap of $3.65 billion, a price-to-earnings ratio of 25.29 and a beta of 0.94.
j2 Global (NASDAQ:JCOM) last issued its quarterly earnings data on Thursday, August 3rd. The technology company reported $1.25 earnings per share for the quarter, missing analysts’ consensus estimates of $1.31 by $0.06. j2 Global had a net margin of 14.74% and a return on equity of 26.62%. The company had revenue of $273.20 million for the quarter, compared to the consensus estimate of $271.89 million. During the same period in the previous year, the business earned $1.21 EPS. j2 Global’s revenue for the quarter was up 29.0% compared to the same quarter last year. Equities research analysts expect that j2 Global, Inc. will post $5.76 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Monday, August 14th will be given a dividend of $0.385 per share. The ex-dividend date is Thursday, August 10th. This represents a $1.54 dividend on an annualized basis and a yield of 2.04%. This is an increase from j2 Global’s previous quarterly dividend of $0.38. j2 Global’s dividend payout ratio (DPR) is presently 51.68%.
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A number of equities analysts recently issued reports on the stock. BidaskClub cut shares of j2 Global from a “buy” rating to a “hold” rating in a research note on Wednesday, July 5th. 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 note on Monday, August 7th. Susquehanna Bancshares Inc reiterated a “positive” rating and issued a $120.00 price target (up previously from $95.00) on shares of j2 Global in a research note on Tuesday, May 9th. Finally, Zacks Investment Research cut shares of j2 Global from a “hold” rating to a “sell” rating in a research note on Wednesday, August 9th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company’s stock. j2 Global currently has a consensus rating of “Hold” and a consensus target price of $100.00.
In other j2 Global news, Director W Brian Kretzmer sold 1,336 shares of the firm’s stock in a transaction dated Tuesday, June 6th. The stock was sold at an average price of $86.20, for a total value of $115,163.20. Following the completion of the sale, the director now owns 11,607 shares of the company’s stock, valued at $1,000,523.40. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Douglas Y. Bech sold 15,000 shares of the firm’s stock in a transaction dated Monday, June 12th. The stock was 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 disclosure for this sale can be found here. In the last three months, insiders sold 19,664 shares of company stock valued at $1,688,040. Corporate insiders own 5.15% of the company’s stock.
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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