J2 Global Inc (NASDAQ:JCOM) has earned a consensus rating of “Buy” from the eight ratings firms that are currently covering the stock, MarketBeat reports. Four analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $93.25.
Several analysts have recently commented on the company. Zacks Investment Research raised J2 Global from a “sell” rating to a “hold” rating in a report on Thursday. Citigroup raised their price target on J2 Global from $84.00 to $86.00 and gave the company a “neutral” rating in a report on Thursday, February 14th. BidaskClub raised J2 Global from a “hold” rating to a “buy” rating in a research note on Tuesday, February 5th. Wedbush reaffirmed a “buy” rating and issued a $95.00 price objective on shares of J2 Global in a research note on Tuesday, November 6th. Finally, ValuEngine raised J2 Global from a “sell” rating to a “hold” rating in a research note on Thursday, December 13th.
Shares of JCOM traded up $1.29 during mid-day trading on Friday, hitting $86.52. The company’s stock had a trading volume of 494,756 shares, compared to its average volume of 448,565. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.50 and a quick ratio of 1.75. The stock has a market capitalization of $4.22 billion, a P/E ratio of 14.61, a P/E/G ratio of 1.73 and a beta of 0.91. J2 Global has a 1-year low of $65.07 and a 1-year high of $91.58.
J2 Global (NASDAQ:JCOM) last posted its quarterly earnings results on Tuesday, February 12th. The technology company reported $2.11 EPS for the quarter, beating the consensus estimate of $1.89 by $0.22. The business had revenue of $346.10 million during the quarter, compared to analysts’ expectations of $342.12 million. J2 Global had a return on equity of 28.12% and a net margin of 10.66%. The company’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same period last year, the firm earned $1.79 EPS. Research analysts anticipate that J2 Global will post 6.2 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 12th. Investors of record on Monday, February 25th will be paid a $0.445 dividend. This is an increase from J2 Global’s previous quarterly dividend of $0.44. This represents a $1.78 annualized dividend and a yield of 2.06%. The ex-dividend date is Friday, February 22nd. J2 Global’s dividend payout ratio (DPR) is presently 29.39%.
In other J2 Global news, CEO Vivek Shah sold 3,000 shares of the firm’s stock in a transaction on Monday, December 17th. The stock was sold at an average price of $70.24, for a total transaction of $210,720.00. Following the completion of the transaction, the chief executive officer now owns 711,830 shares of the company’s stock, valued at $49,998,939.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider R Scott Turicchi sold 9,808 shares of the firm’s stock in a transaction on Friday, February 15th. The stock was sold at an average price of $83.60, for a total value of $819,948.80. Following the transaction, the insider now directly owns 288,127 shares of the company’s stock, valued at approximately $24,087,417.20. The disclosure for this sale can be found here. Insiders sold a total of 31,465 shares of company stock valued at $2,596,107 over the last ninety days. 5.97% of the stock is currently owned by company insiders.
A number of institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its position in J2 Global by 1.8% during the third quarter. Vanguard Group Inc. now owns 4,341,776 shares of the technology company’s stock worth $359,716,000 after buying an additional 78,738 shares in the last quarter. Vanguard Group Inc increased its position in J2 Global by 1.8% during the third quarter. Vanguard Group Inc now owns 4,341,776 shares of the technology company’s stock worth $359,716,000 after buying an additional 78,738 shares in the last quarter. William Blair Investment Management LLC increased its position in J2 Global by 4.1% during the third quarter. William Blair Investment Management LLC now owns 2,499,131 shares of the technology company’s stock worth $207,053,000 after buying an additional 97,492 shares in the last quarter. First Trust Advisors LP increased its position in J2 Global by 13.5% during the third quarter. First Trust Advisors LP now owns 1,965,705 shares of the technology company’s stock worth $162,859,000 after buying an additional 234,167 shares in the last quarter. Finally, Macquarie Group Ltd. increased its position in J2 Global by 8.6% during the fourth quarter. Macquarie Group Ltd. now owns 1,277,790 shares of the technology company’s stock worth $88,653,000 after buying an additional 100,689 shares in the last quarter. 99.90% of the stock is owned by institutional investors.
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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