Corbyn Investment Management Inc. MD lifted its stake in J2 Global Inc (NASDAQ:JCOM) by 57.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 113,597 shares of the technology company’s stock after purchasing an additional 41,275 shares during the quarter. J2 Global comprises about 2.9% of Corbyn Investment Management Inc. MD’s portfolio, making the stock its 14th largest holding. Corbyn Investment Management Inc. MD owned about 0.23% of J2 Global worth $8,523,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently made changes to their positions in the company. Crossmark Global Holdings Inc. grew its stake in shares of J2 Global by 34.3% during the 4th quarter. Crossmark Global Holdings Inc. now owns 5,926 shares of the technology company’s stock worth $445,000 after purchasing an additional 1,513 shares during the period. Stephens Inc. AR acquired a new stake in shares of J2 Global during the 4th quarter worth approximately $313,000. US Bancorp DE grew its stake in shares of J2 Global by 8.4% during the 4th quarter. US Bancorp DE now owns 18,911 shares of the technology company’s stock worth $1,420,000 after purchasing an additional 1,471 shares during the period. Aperio Group LLC grew its stake in shares of J2 Global by 2.2% during the 4th quarter. Aperio Group LLC now owns 42,080 shares of the technology company’s stock worth $3,157,000 after purchasing an additional 909 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of J2 Global by 47.3% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,588 shares of the technology company’s stock worth $194,000 after purchasing an additional 831 shares during the period.
A number of brokerages have recently issued reports on JCOM. DA Davidson began coverage on J2 Global in a research report on Friday, February 2nd. They set a “buy” rating and a $95.00 target price on the stock. Zacks Investment Research upgraded J2 Global from a “sell” rating to a “hold” rating in a research report on Tuesday, December 19th. Robert W. Baird raised their price objective on J2 Global from $94.00 to $95.00 and gave the company an “outperform” rating in a report on Wednesday, February 7th. BidaskClub lowered J2 Global from a “hold” rating to a “sell” rating in a report on Thursday, December 7th. Finally, William Blair restated an “outperform” rating on shares of J2 Global in a report on Wednesday, February 7th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $99.50.
In related news, CEO Vivek Shah sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $77.63, for a total transaction of $232,890.00. Following the completion of the sale, the chief executive officer now owns 748,232 shares in the company, valued at $58,085,250.16. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 5.15% of the stock is owned by insiders.
Shares of J2 Global Inc (NASDAQ JCOM) traded up $1.06 during trading hours on Wednesday, hitting $74.33. The company had a trading volume of 326,300 shares, compared to its average volume of 337,936. The firm has a market cap of $3,546.92, a P/E ratio of 26.27, a price-to-earnings-growth ratio of 1.65 and a beta of 0.89. The company has a quick ratio of 2.79, a current ratio of 2.34 and a debt-to-equity ratio of 0.98. J2 Global Inc has a 1 year low of $70.27 and a 1 year high of $91.48.
J2 Global (NASDAQ:JCOM) last released its earnings results on Tuesday, February 6th. The technology company reported $1.79 earnings per share for the quarter, beating the consensus estimate of $1.70 by $0.09. J2 Global had a return on equity of 26.82% and a net margin of 12.47%. The company had revenue of $316.38 million during the quarter, compared to the consensus estimate of $319.00 million. During the same period in the previous year, the company posted $1.49 EPS. J2 Global’s revenue was up 25.6% compared to the same quarter last year. sell-side analysts expect that J2 Global Inc will post 5.55 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 9th. Investors of record on Thursday, February 22nd will be paid a dividend of $0.405 per share. This is a boost from J2 Global’s previous quarterly dividend of $0.40. The ex-dividend date is Wednesday, February 21st. This represents a $1.62 annualized dividend and a yield of 2.18%. J2 Global’s payout ratio is presently 55.83%.
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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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