QS Investors LLC Trims Stake in J2 Global (JCOM)

QS Investors LLC decreased its position in J2 Global (NASDAQ:JCOM) by 4.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 55,458 shares of the technology company’s stock after selling 2,462 shares during the period. QS Investors LLC owned about 0.11% of J2 Global worth $4,161,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. TimesSquare Capital Management LLC lifted its stake in J2 Global by 4.0% in the fourth quarter. TimesSquare Capital Management LLC now owns 1,859,532 shares of the technology company’s stock valued at $139,521,000 after purchasing an additional 71,165 shares during the last quarter. First Trust Advisors LP lifted its position 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 worth $100,830,000 after acquiring an additional 172,539 shares in the last quarter. Jackson Square Partners LLC lifted its position in shares of J2 Global by 1.3% during the fourth quarter. Jackson Square Partners LLC now owns 1,330,098 shares of the technology company’s stock worth $99,797,000 after acquiring an additional 16,723 shares in the last quarter. Macquarie Group Ltd. lifted its position in shares of J2 Global by 6.1% during the third quarter. Macquarie Group Ltd. now owns 1,067,179 shares of the technology company’s stock worth $78,843,000 after acquiring an additional 61,641 shares in the last quarter. Finally, Schroder Investment Management Group lifted its position in shares of J2 Global by 4.3% during the third quarter. Schroder Investment Management Group now owns 835,311 shares of the technology company’s stock worth $62,005,000 after acquiring an additional 34,812 shares in the last quarter.

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JCOM has been the topic of several recent research reports. Zacks Investment Research downgraded J2 Global from a “hold” rating to a “strong sell” rating in a research report on Monday, February 12th. DA Davidson initiated coverage on J2 Global in a research report on Friday, February 2nd. They set a “buy” rating and a $95.00 target price on the stock. BidaskClub upgraded J2 Global from a “hold” rating to a “buy” rating in a research report on Friday, March 9th. Robert W. Baird increased their target price on J2 Global from $94.00 to $95.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 7th. Finally, ValuEngine downgraded J2 Global from a “buy” rating to a “hold” rating in a research report on Thursday, March 1st. One investment analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the stock. The company presently has an average 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 on Thursday, February 15th. The shares were sold at an average price of $76.59, for a total value of $229,770.00. Following the sale, the chief executive officer now owns 745,232 shares in the company, valued at approximately $57,077,318.88. The sale was disclosed in a 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 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 completion of the sale, the insider now owns 246,395 shares in the company, valued at approximately $20,857,336.75. The disclosure for this sale can be found here. Insiders have sold 29,663 shares of company stock valued at $2,460,483 in the last three months. 5.15% of the stock is owned by insiders.

JCOM traded down $0.80 during trading on Friday, reaching $77.11. The stock had a trading volume of 303,955 shares, compared to its average volume of 485,071. J2 Global has a one year low of $70.27 and a one year high of $91.48. The stock has a market cap of $3,824.27, a PE ratio of 14.25, a P/E/G ratio of 1.75 and a beta of 0.84. The company has a quick ratio of 2.34, a current ratio of 2.34 and a debt-to-equity ratio of 0.98.

J2 Global (NASDAQ:JCOM) last announced its quarterly earnings data on Tuesday, February 6th. The technology company reported $1.79 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.70 by $0.09. J2 Global had a return on equity of 26.82% and a net margin of 12.47%. The firm had revenue of $316.38 million for the quarter, compared to analysts’ expectations of $319.00 million. During the same period last year, the firm earned $1.49 earnings per share. The company’s revenue for the quarter was up 25.6% compared to the same quarter last year. equities analysts anticipate that J2 Global will post 5.55 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, March 9th. Investors of record on Thursday, February 22nd were given a dividend of $0.405 per share. The ex-dividend date was Wednesday, February 21st. This represents a $1.62 annualized dividend and a dividend yield of 2.10%. This is an increase from J2 Global’s previous quarterly dividend of $0.40. J2 Global’s dividend payout ratio (DPR) is 29.94%.

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J2 Global Profile

j2 Global, Inc, together with its subsidiaries, engages in the provision of Internet services worldwide. It operates through two segments, Cloud Services and Digital Media. The Cloud Services segment offers cloud services to sole proprietors, small to medium-sized businesses and enterprises, and government organizations.

Institutional Ownership by Quarter for J2 Global (NASDAQ:JCOM)

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