Opus Capital Group LLC lessened its position in shares of J2 Global Inc (NASDAQ:JCOM) by 92.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,891 shares of the technology company’s stock after selling 33,860 shares during the period. Opus Capital Group LLC’s holdings in J2 Global were worth $217,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Advisor Group Inc. increased its stake in J2 Global by 1.7% in the second quarter. Advisor Group Inc. now owns 2,535 shares of the technology company’s stock valued at $195,000 after purchasing an additional 43 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in J2 Global by 47.3% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,588 shares of the technology company’s stock valued at $194,000 after purchasing an additional 831 shares in the last quarter. Parametrica Management Ltd bought a new stake in J2 Global in the third quarter valued at $229,000. Shelton Capital Management bought a new stake in J2 Global in the second quarter valued at $277,000. Finally, Raymond James Financial Services Advisors Inc. bought a new stake in J2 Global in the third quarter valued at $250,000.
In other news, CEO Vivek Shah sold 3,000 shares of J2 Global stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $77.63, for a total transaction of $232,890.00. Following the completion of the transaction, the chief executive officer now directly owns 748,232 shares in the company, valued at $58,085,250.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 5.15% of the stock is owned by company insiders.
JCOM has been the subject of several research analyst reports. Zacks Investment Research downgraded shares of J2 Global from a “hold” rating to a “sell” rating in a research note on Friday, October 20th. BidaskClub downgraded shares of J2 Global from a “hold” rating to a “sell” rating in a research note on Thursday, December 7th. William Blair reaffirmed an “outperform” rating on shares of J2 Global in a research note on Wednesday, February 7th. DA Davidson initiated coverage on shares of J2 Global in a research note on Friday, February 2nd. They issued a “buy” rating and a $95.00 price target for the company. Finally, Robert W. Baird lifted their price target on shares of J2 Global from $94.00 to $95.00 and gave the company an “outperform” rating in a research note on Wednesday, February 7th. Two analysts have rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $99.50.
Shares of J2 Global Inc (JCOM) traded up $1.06 during midday trading on Wednesday, hitting $74.33. 326,300 shares of the stock were exchanged, compared to its average volume of 342,249. The firm has a market capitalization of $3,546.92, a PE ratio of 26.27, a P/E/G ratio of 1.65 and a beta of 0.89. J2 Global Inc has a 52-week low of $70.27 and a 52-week high of $91.48. The company has a debt-to-equity ratio of 0.98, a current ratio of 2.34 and a quick ratio of 2.79.
J2 Global (NASDAQ:JCOM) last issued its quarterly earnings data on Tuesday, February 6th. The technology company reported $1.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.70 by $0.09. The firm had revenue of $316.38 million during the quarter, compared to analysts’ expectations of $319.00 million. J2 Global had a net margin of 12.47% and a return on equity of 26.82%. The business’s revenue was up 25.6% on a year-over-year basis. During the same period last year, the company earned $1.49 earnings per share. research analysts forecast that J2 Global Inc will post 5.55 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 9th. Stockholders of record on Thursday, February 22nd will be issued a dividend of $0.405 per share. This is a boost from J2 Global’s previous quarterly dividend of $0.40. This represents a $1.62 dividend on an annualized basis and a dividend yield of 2.18%. The ex-dividend date of this dividend is Wednesday, February 21st. J2 Global’s dividend payout ratio (DPR) is currently 55.83%.
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J2 Global Company 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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