Schwab Charles Investment Management Inc. grew its stake in j2 Global, Inc. (NASDAQ:JCOM) by 3.5% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 366,525 shares of the technology company’s stock after acquiring an additional 12,351 shares during the quarter. Schwab Charles Investment Management Inc. owned about 0.76% of j2 Global worth $27,079,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of j2 Global by 15.9% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,757 shares of the technology company’s stock worth $150,000 after purchasing an additional 241 shares during the last quarter. First Mercantile Trust Co. increased its position in shares of j2 Global by 1.9% during the 2nd quarter. First Mercantile Trust Co. now owns 2,150 shares of the technology company’s stock worth $183,000 after purchasing an additional 40 shares during the last quarter. Advisor Group Inc. increased its position in shares of j2 Global by 1.7% during the 2nd quarter. Advisor Group Inc. now owns 2,535 shares of the technology company’s stock worth $195,000 after purchasing an additional 43 shares during the last quarter. Parametrica Management Ltd acquired a new stake in shares of j2 Global during the 3rd quarter worth about $229,000. Finally, Raymond James Financial Services Advisors Inc. acquired a new stake in shares of j2 Global during the 3rd quarter worth about $250,000.
j2 Global, Inc. (NASDAQ:JCOM) opened at $75.20 on Wednesday. j2 Global, Inc. has a twelve month low of $71.09 and a twelve month high of $91.48. The company has a market capitalization of $3,627.76, a PE ratio of 14.61 and a beta of 0.87. The company has a current ratio of 2.79, a quick ratio of 2.79 and a debt-to-equity ratio of 1.02.
j2 Global (NASDAQ:JCOM) last announced its earnings results on Thursday, November 2nd. The technology company reported $1.34 EPS for the quarter, missing analysts’ consensus estimates of $1.36 by ($0.02). j2 Global had a net margin of 12.60% and a return on equity of 26.43%. The firm had revenue of $273.60 million for the quarter, compared to analysts’ expectations of $272.84 million. During the same quarter last year, the business earned $1.25 earnings per share. The business’s revenue was up 30.2% compared to the same quarter last year. equities analysts anticipate that j2 Global, Inc. will post 5.35 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, December 5th. Investors of record on Friday, November 17th were issued a dividend of $0.395 per share. This represents a $1.58 dividend on an annualized basis and a yield of 2.10%. This is a boost from j2 Global’s previous quarterly dividend of $0.39. The ex-dividend date of this dividend was Thursday, November 16th. j2 Global’s dividend payout ratio (DPR) is 58.52%.
A number of analysts recently issued reports on the company. BidaskClub downgraded j2 Global from a “hold” rating to a “sell” rating in a research report on Thursday, December 7th. Zacks Investment Research upgraded j2 Global from a “sell” rating to a “hold” rating in a report on Wednesday, October 4th. ValuEngine cut j2 Global from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Finally, Robert W. Baird restated 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 assigned a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $101.75.
In related news, VP Jeremy Rossen sold 2,514 shares of the firm’s stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $74.05, for a total transaction of $186,161.70. Following the completion of the transaction, the vice president now directly owns 26,372 shares in the company, valued at approximately $1,952,846.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 5.15% of the company’s stock.
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j2 Global 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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