Corbyn Investment Management Inc. MD Raises Holdings in J2 Global Inc (NASDAQ:JCOM)

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).

Institutional Ownership by Quarter for J2 Global (NASDAQ:JCOM)

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