Guggenheim Capital LLC boosted its stake in shares of J2 Global Inc (NASDAQ:JCOM) by 228.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 187,471 shares of the technology company’s stock after buying an additional 130,353 shares during the quarter. Guggenheim Capital LLC’s holdings in J2 Global were worth $14,067,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently made changes to their positions in JCOM. First Trust Advisors LP lifted its holdings in J2 Global by 14.7% during the 4th quarter. First Trust Advisors LP now owns 1,343,863 shares of the technology company’s stock valued at $100,830,000 after buying an additional 172,539 shares in the last quarter. Lazard Asset Management LLC lifted its holdings in J2 Global by 30.5% during the 4th quarter. Lazard Asset Management LLC now owns 584,881 shares of the technology company’s stock valued at $43,883,000 after buying an additional 136,589 shares in the last quarter. AXA bought a new stake in J2 Global during the 3rd quarter valued at about $6,029,000. AGF Investments Inc. lifted its holdings in J2 Global by 47.2% during the 3rd quarter. AGF Investments Inc. now owns 239,084 shares of the technology company’s stock valued at $17,664,000 after buying an additional 76,655 shares in the last quarter. Finally, TimesSquare Capital Management LLC lifted its holdings in J2 Global by 4.0% during the 4th quarter. TimesSquare Capital Management LLC now owns 1,859,532 shares of the technology company’s stock valued at $139,521,000 after buying an additional 71,165 shares in the last quarter.
JCOM has been the subject of a number of research analyst reports. BidaskClub lowered shares of J2 Global from a “hold” rating to a “sell” rating in a report on Thursday, December 7th. Zacks Investment Research lowered shares of J2 Global from a “hold” rating to a “strong sell” rating in a report on Monday, February 12th. DA Davidson initiated coverage on shares of J2 Global in a report on Friday, February 2nd. They set a “buy” rating and a $95.00 price objective for the company. Robert W. Baird lifted their price objective on shares of J2 Global from $94.00 to $95.00 and gave the company an “outperform” rating in a report on Wednesday, February 7th. Finally, ValuEngine lowered shares of J2 Global from a “buy” rating to a “hold” rating in a report on Thursday, March 1st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $99.50.
In other J2 Global news, CEO Vivek Shah sold 3,000 shares of the business’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $76.59, for a total transaction of $229,770.00. Following the sale, the chief executive officer now owns 745,232 shares of the company’s stock, valued at approximately $57,077,318.88. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider R Scott Turicchi sold 20,663 shares of the business’s stock in a transaction that occurred on Monday, March 12th. The stock was sold at an average price of $84.65, for a total transaction of $1,749,122.95. Following the sale, the insider now directly owns 246,395 shares in the company, valued at approximately $20,857,336.75. The disclosure for this sale can be found here. In the last 90 days, insiders sold 29,663 shares of company stock valued at $2,460,483. Company insiders own 5.15% of the company’s stock.
Shares of J2 Global Inc (NASDAQ JCOM) opened at $78.72 on Friday. J2 Global Inc has a twelve month low of $70.27 and a twelve month 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 2.34. The company has a market cap of $3,960.54, a PE ratio of 27.82, a PEG ratio of 1.82 and a beta of 0.94.
J2 Global (NASDAQ:JCOM) last posted its quarterly earnings results on Tuesday, February 6th. The technology company reported $1.79 EPS for the quarter, beating the consensus estimate of $1.70 by $0.09. J2 Global had a net margin of 12.47% and a return on equity of 26.82%. The business had revenue of $316.38 million during the quarter, compared to analyst estimates of $319.00 million. During the same quarter in the previous year, the business posted $1.49 EPS. The company’s quarterly revenue was up 25.6% compared to the same quarter last year. sell-side analysts expect that J2 Global Inc will post 5.55 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, March 9th. Stockholders of record on Thursday, February 22nd were issued a $0.405 dividend. The ex-dividend date was Wednesday, February 21st. This represents a $1.62 annualized dividend and a dividend yield of 2.06%. This is a positive change from J2 Global’s previous quarterly dividend of $0.40. J2 Global’s payout ratio is currently 57.24%.
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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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