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).
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