J2 Global (NASDAQ:JCOM) Director Sarah Ann Fay acquired 289 shares of the company’s stock in a transaction dated Monday, May 21st. The shares were bought at an average cost of $86.32 per share, with a total value of $24,946.48. Following the completion of the acquisition, the director now directly owns 3,020 shares in the company, valued at approximately $260,686.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.
Sarah Ann Fay also recently made the following trade(s):
- On Wednesday, March 14th, Sarah Ann Fay bought 296 shares of J2 Global stock. The stock was acquired at an average price of $84.14 per share, for a total transaction of $24,905.44.
J2 Global traded down $1.44, reaching $85.23, during trading hours on Tuesday, MarketBeat.com reports. The company’s stock had a trading volume of 261,000 shares, compared to its average volume of 370,182. The stock has a market cap of $4.23 billion, a PE ratio of 15.75, a PEG ratio of 1.93 and a beta of 0.84. J2 Global has a 1 year low of $70.27 and a 1 year high of $90.90. The company has a quick ratio of 2.22, a current ratio of 2.22 and a debt-to-equity ratio of 0.97.
J2 Global (NASDAQ:JCOM) last issued its earnings results on Monday, May 7th. The technology company reported $1.22 EPS for the quarter, topping analysts’ consensus estimates of $1.20 by $0.02. The company had revenue of $280.62 million for the quarter, compared to analysts’ expectations of $274.66 million. J2 Global had a net margin of 11.58% and a return on equity of 26.09%. During the same quarter last year, the company earned $0.41 EPS. sell-side analysts anticipate that J2 Global will post 5.59 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 1st. Shareholders of record on Friday, May 18th will be given a $0.415 dividend. This is a boost from J2 Global’s previous quarterly dividend of $0.41. The ex-dividend date is Thursday, May 17th. This represents a $1.66 dividend on an annualized basis and a dividend yield of 1.95%. J2 Global’s payout ratio is presently 30.68%.
Several hedge funds have recently added to or reduced their stakes in JCOM. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of J2 Global by 47.3% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,588 shares of the technology company’s stock valued at $194,000 after acquiring an additional 831 shares during the period. Oppenheimer & Co. Inc. purchased a new position in shares of J2 Global in the fourth quarter valued at about $210,000. Hsbc Holdings PLC purchased a new position in shares of J2 Global in the first quarter valued at about $213,000. Wolverine Asset Management LLC purchased a new position in shares of J2 Global in the fourth quarter valued at about $222,000. Finally, Zeke Capital Advisors LLC purchased a new position in shares of J2 Global in the fourth quarter valued at about $224,000. Hedge funds and other institutional investors own 98.95% of the company’s stock.
A number of equities analysts recently commented on JCOM shares. DA Davidson started coverage on shares of J2 Global in a research report on Friday, February 2nd. They issued a “buy” rating and a $95.00 target price on the stock. Robert W. Baird lifted their target price on shares of J2 Global from $94.00 to $95.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 7th. William Blair reiterated an “outperform” rating on shares of J2 Global in a research report on Wednesday, February 7th. Zacks Investment Research cut shares of J2 Global from a “hold” rating to a “strong sell” rating in a research report on Monday, February 12th. Finally, BidaskClub upgraded shares of J2 Global from a “sell” rating to a “hold” rating in a research report on Friday, February 16th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $94.33.
About J2 Global
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.
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