J2 Global (JCOM) Upgraded at BidaskClub

BidaskClub upgraded shares of J2 Global (NASDAQ:JCOM) from a sell rating to a hold rating in a research note issued to investors on Friday morning.

A number of other equities analysts also recently commented on the stock. Zacks Investment Research downgraded shares of J2 Global from a hold rating to a strong sell rating in a research note on Monday, February 12th. William Blair restated an outperform rating on shares of J2 Global in a research note on Wednesday, February 7th. Robert W. Baird upped their target price on shares of J2 Global from $94.00 to $95.00 and gave the stock an outperform rating in a research note on Wednesday, February 7th. Finally, DA Davidson assumed coverage on shares of J2 Global in a research note on Friday, February 2nd. They issued a buy rating and a $95.00 target price on the stock. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company’s stock. The company has a consensus rating of Buy and an average price target of $99.50.

J2 Global (NASDAQ JCOM) opened at $77.38 on Friday. The company has a debt-to-equity ratio of 0.98, a current ratio of 2.34 and a quick ratio of 2.79. The company has a market cap of $3,745.88, a PE ratio of 14.46, a price-to-earnings-growth ratio of 1.74 and a beta of 0.89. J2 Global has a one year low of $70.27 and a one year high of $91.48.

J2 Global (NASDAQ:JCOM) last issued its earnings results on Tuesday, February 6th. The technology company reported $1.79 EPS for the quarter, topping the Zacks’ consensus estimate of $1.70 by $0.09. The business had revenue of $316.38 million for the quarter, compared to the consensus estimate of $319.00 million. J2 Global had a net margin of 12.47% and a return on equity of 26.82%. The company’s revenue for the quarter was up 25.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.49 EPS. sell-side analysts anticipate that J2 Global will post 5.55 earnings per share for the current fiscal 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 paid a dividend of $0.405 per share. The ex-dividend date is Wednesday, February 21st. This is an increase 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 2.09%. J2 Global’s dividend payout ratio (DPR) is currently 55.83%.

In other news, CEO Vivek Shah sold 3,000 shares of the stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $77.63, for a total transaction of $232,890.00. Following the transaction, the chief executive officer now directly owns 748,232 shares in the company, valued at $58,085,250.16. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 5.15% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in JCOM. Principal Financial Group Inc. boosted its stake in shares of J2 Global by 14.0% during the third quarter. Principal Financial Group Inc. now owns 1,475,529 shares of the technology company’s stock valued at $109,013,000 after purchasing an additional 181,704 shares in the last quarter. First Trust Advisors LP boosted its stake in shares of J2 Global by 14.7% during the fourth quarter. First Trust Advisors LP now owns 1,343,863 shares of the technology company’s stock valued at $100,830,000 after purchasing an additional 172,539 shares in the last quarter. Glenmede Trust Co. NA boosted its stake in shares of J2 Global by 30.0% during the fourth quarter. Glenmede Trust Co. NA now owns 696,435 shares of the technology company’s stock valued at $52,251,000 after purchasing an additional 160,917 shares in the last quarter. Lazard Asset Management LLC boosted its stake in shares of J2 Global by 30.5% during the fourth quarter. Lazard Asset Management LLC now owns 584,881 shares of the technology company’s stock valued at $43,883,000 after purchasing an additional 136,589 shares in the last quarter. Finally, Guggenheim Capital LLC boosted its stake in shares of J2 Global by 228.2% during the fourth quarter. Guggenheim Capital LLC now owns 187,471 shares of the technology company’s stock valued at $14,067,000 after purchasing an additional 130,353 shares in the last quarter.

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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).

Analyst Recommendations for J2 Global (NASDAQ:JCOM)

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