Schwab Charles Investment Management Inc. grew its position in shares of J2 Global Inc (NASDAQ:JCOM) by 4.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 381,025 shares of the technology company’s stock after buying an additional 14,500 shares during the period. Schwab Charles Investment Management Inc. owned 0.79% of J2 Global worth $28,589,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently modified their holdings of JCOM. Advisor Group Inc. raised its stake 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 valued at $195,000 after purchasing an additional 43 shares during the period. The Manufacturers Life Insurance Company raised its stake in shares of J2 Global by 0.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 105,338 shares of the technology company’s stock valued at $8,964,000 after purchasing an additional 635 shares during the period. Pacer Advisors Inc. raised its stake in shares of J2 Global by 11.6% during the 3rd quarter. Pacer Advisors Inc. now owns 6,514 shares of the technology company’s stock valued at $481,000 after purchasing an additional 675 shares during the period. Cardinal Capital Management raised its stake in shares of J2 Global by 8.6% during the 3rd quarter. Cardinal Capital Management now owns 9,731 shares of the technology company’s stock valued at $718,000 after purchasing an additional 767 shares during the period. Finally, Brookstone Capital Management raised its stake in shares of J2 Global by 35.5% during the 3rd quarter. Brookstone Capital Management now owns 4,316 shares of the technology company’s stock valued at $319,000 after purchasing an additional 1,130 shares during the period.
JCOM has been the topic of a number of analyst reports. Zacks Investment Research lowered J2 Global from a “hold” rating to a “sell” rating in a research note on Friday, October 20th. BidaskClub lowered J2 Global from a “hold” rating to a “sell” rating in a research note on Thursday, December 7th. William Blair reiterated an “outperform” rating on shares of J2 Global in a research note on Wednesday, February 7th. DA Davidson initiated coverage on J2 Global in a research note on Friday, February 2nd. They set a “buy” rating and a $95.00 price objective on the stock. Finally, Robert W. Baird boosted their price objective on J2 Global from $94.00 to $95.00 and gave the company an “outperform” rating in a research note on Wednesday, February 7th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the stock. J2 Global has a consensus rating of “Hold” and a consensus target price of $99.50.
J2 Global Inc (NASDAQ:JCOM) opened at $74.33 on Wednesday. The firm has a market capitalization of $3,546.92, a PE ratio of 13.69, 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 one year low of $70.27 and a one year high of $91.48.
J2 Global (NASDAQ:JCOM) last announced its earnings results on Tuesday, February 6th. The technology company reported $1.79 earnings per share for the quarter, topping analysts’ consensus estimates of $1.70 by $0.09. The business had revenue of $316.38 million for the quarter, compared to analyst estimates of $319.00 million. J2 Global had a return on equity of 26.82% and a net margin of 12.47%. The company’s quarterly revenue was up 25.6% compared to the same quarter last year. During the same period in the prior year, the company earned $1.49 EPS. equities analysts predict that J2 Global Inc will post 5.55 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 9th. Shareholders of record on Thursday, February 22nd will be paid a $0.405 dividend. This is a positive change from J2 Global’s previous quarterly dividend of $0.40. This represents a $1.62 dividend on an annualized basis and a yield of 2.18%. The ex-dividend date of this dividend is Wednesday, February 21st. J2 Global’s dividend payout ratio is currently 55.83%.
In other J2 Global news, CEO Vivek Shah sold 3,000 shares of the company’s stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $77.63, for a total value of $232,890.00. Following the transaction, the chief executive officer now directly owns 748,232 shares in the company, valued at approximately $58,085,250.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 5.15% of the stock is owned by corporate insiders.
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About J2 Global
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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