Dynamic Technology Lab Private Ltd trimmed its holdings in shares of J2 Global Inc (NASDAQ:JCOM) by 33.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,855 shares of the technology company’s stock after selling 3,939 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in J2 Global were worth $620,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Hsbc Holdings PLC purchased a new position in shares of J2 Global in the 1st quarter worth about $213,000. Parametrica Management Ltd purchased a new position in shares of J2 Global in the 1st quarter worth about $224,000. Wolverine Asset Management LLC purchased a new position in shares of J2 Global in the 4th quarter worth about $222,000. Zeke Capital Advisors LLC purchased a new position in shares of J2 Global in the 4th quarter worth about $224,000. Finally, Campbell & CO Investment Adviser LLC purchased a new position in shares of J2 Global in the 1st quarter worth about $236,000.
A number of research firms have recently issued reports on JCOM. BidaskClub upgraded J2 Global from a “buy” rating to a “strong-buy” rating in a report on Thursday, June 21st. DA Davidson increased their target price on J2 Global to $100.00 and gave the company a “buy” rating in a report on Wednesday, May 9th. Zacks Investment Research upgraded J2 Global from a “sell” rating to a “hold” rating in a report on Wednesday, April 11th. Finally, William Blair restated an “outperform” rating on shares of J2 Global in a report on Tuesday, March 27th. Three equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $94.33.
Shares of JCOM stock opened at $86.61 on Friday. The stock has a market cap of $4.19 billion, a P/E ratio of 16.01, a P/E/G ratio of 1.91 and a beta of 0.85. J2 Global Inc has a 1-year low of $70.27 and a 1-year high of $91.58. The company has a debt-to-equity ratio of 0.97, a current ratio of 2.22 and a quick ratio of 2.22.
J2 Global (NASDAQ:JCOM) last issued its earnings results on Monday, May 7th. The technology company reported $1.22 earnings per share for the quarter, beating the consensus estimate of $1.20 by $0.02. The company had revenue of $280.62 million during the quarter, compared to analysts’ expectations of $274.66 million. J2 Global had a return on equity of 26.09% and a net margin of 11.58%. During the same period in the prior year, the business posted $0.41 EPS. equities research analysts expect that J2 Global Inc will post 5.59 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, June 1st. Investors of record on Friday, May 18th were issued a dividend of $0.415 per share. The ex-dividend date was Thursday, May 17th. This is a boost from J2 Global’s previous quarterly dividend of $0.41. This represents a $1.66 annualized dividend and a yield of 1.92%. J2 Global’s dividend payout ratio is currently 30.68%.
In related news, CEO Vivek Shah sold 3,000 shares of the stock in a transaction dated Monday, April 16th. The stock was sold at an average price of $79.70, for a total transaction of $239,100.00. Following the completion of the sale, the chief executive officer now directly owns 739,232 shares in the company, valued at approximately $58,916,790.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Robert J. Cresci sold 10,000 shares of the stock in a transaction dated Wednesday, April 11th. The shares were sold at an average price of $78.85, for a total value of $788,500.00. Following the sale, the director now owns 85,569 shares of the company’s stock, valued at $6,747,115.65. The disclosure for this sale can be found here. Insiders have sold a total of 41,557 shares of company stock valued at $3,443,186 over the last 90 days. 5.15% of the stock is currently owned by company insiders.
J2 Global Company Profile
j2 Global, Inc, together with its subsidiaries, engages in the provision of Internet services worldwide. It operates through two segments, Cloud Services and Digital Media. The Cloud Services segment offers cloud services to sole proprietors, small to medium-sized businesses and enterprises, and government organizations.
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