J2 Global Inc (JCOM) CEO Vivek Shah Sells 3,000 Shares

J2 Global Inc (NASDAQ:JCOM) CEO Vivek Shah sold 3,000 shares of the firm’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $76.59, for a total value of $229,770.00. Following the completion of the sale, the chief executive officer now directly owns 745,232 shares in the company, valued at $57,077,318.88. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Vivek Shah also recently made the following trade(s):

  • On Tuesday, January 16th, Vivek Shah sold 3,000 shares of J2 Global stock. The stock was sold at an average price of $77.63, for a total value of $232,890.00.

J2 Global Inc (NASDAQ JCOM) opened at $77.19 on Thursday. The company has a market capitalization of $3,760.88, a PE ratio of 27.28, a PEG ratio of 1.75 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 twelve month low of $70.27 and a twelve month high of $91.48.

J2 Global (NASDAQ:JCOM) last released its quarterly earnings data on Tuesday, February 6th. The technology company reported $1.79 EPS for the quarter, topping analysts’ consensus estimates of $1.70 by $0.09. The company had revenue of $316.38 million for the quarter, compared to the consensus estimate 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 last year, the business posted $1.49 EPS. equities research analysts anticipate that J2 Global Inc will post 5.55 earnings per share for the current year.

The company 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 $0.405 dividend. This represents a $1.62 dividend on an annualized basis and a dividend yield of 2.10%. This is an increase from J2 Global’s previous quarterly dividend of $0.40. The ex-dividend date is Wednesday, February 21st. J2 Global’s dividend payout ratio (DPR) is 55.83%.

A number of analysts have issued reports on the company. BidaskClub raised J2 Global from a “sell” rating to a “hold” rating in a research note on Friday, February 16th. DA Davidson assumed coverage on J2 Global in a research note on Friday, February 2nd. They issued a “buy” rating and a $95.00 price target on the stock. William Blair reissued an “outperform” rating on shares of J2 Global in a research note on Wednesday, February 7th. Robert W. Baird raised their price target on J2 Global from $94.00 to $95.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 7th. Finally, Zacks Investment Research lowered J2 Global from a “hold” rating to a “strong sell” rating in a research note on Monday, February 12th. 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. The stock presently has a consensus rating of “Buy” and a consensus price target of $99.50.

Several institutional investors have recently added to or reduced their stakes in the company. TimesSquare Capital Management LLC raised its holdings in shares of J2 Global by 4.0% in the 4th quarter. TimesSquare Capital Management LLC now owns 1,859,532 shares of the technology company’s stock worth $139,521,000 after purchasing an additional 71,165 shares during the period. Principal Financial Group Inc. raised its holdings in shares of J2 Global by 14.0% in the 3rd quarter. Principal Financial Group Inc. now owns 1,475,529 shares of the technology company’s stock worth $109,013,000 after purchasing an additional 181,704 shares during the period. First Trust Advisors LP raised its holdings in shares of J2 Global by 14.7% in the 4th quarter. First Trust Advisors LP now owns 1,343,863 shares of the technology company’s stock worth $100,830,000 after purchasing an additional 172,539 shares during the period. Jackson Square Partners LLC raised its holdings in shares of J2 Global by 1.3% in the 4th quarter. Jackson Square Partners LLC now owns 1,330,098 shares of the technology company’s stock worth $99,797,000 after purchasing an additional 16,723 shares during the period. Finally, Macquarie Group Ltd. raised its holdings in shares of J2 Global by 6.1% in the 3rd quarter. Macquarie Group Ltd. now owns 1,067,179 shares of the technology company’s stock worth $78,843,000 after purchasing an additional 61,641 shares during the period.

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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).

Insider Buying and Selling by Quarter for J2 Global (NASDAQ:JCOM)

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