Swiss National Bank boosted its stake in shares of j2 Global, Inc. (NASDAQ:JCOM) by 6.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 80,031 shares of the technology company’s stock after purchasing an additional 4,600 shares during the quarter. Swiss National Bank owned about 0.17% of j2 Global worth $6,810,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of JCOM. Capstone Asset Management Co. lifted its holdings in shares of j2 Global by 6.0% during the first quarter. Capstone Asset Management Co. now owns 3,703 shares of the technology company’s stock worth $311,000 after buying an additional 210 shares in the last quarter. Great West Life Assurance Co. Can lifted its holdings in shares of j2 Global by 3.8% during the first quarter. Great West Life Assurance Co. Can now owns 28,224 shares of the technology company’s stock worth $2,367,000 after buying an additional 1,022 shares in the last quarter. State Board of Administration of Florida Retirement System lifted its holdings in shares of j2 Global by 1.2% during the first quarter. State Board of Administration of Florida Retirement System now owns 22,191 shares of the technology company’s stock worth $1,862,000 after buying an additional 260 shares in the last quarter. Comerica Bank lifted its holdings in shares of j2 Global by 4.6% during the first quarter. Comerica Bank now owns 38,001 shares of the technology company’s stock worth $3,418,000 after buying an additional 1,678 shares in the last quarter. Finally, World Asset Management Inc lifted its holdings in shares of j2 Global by 1.8% during the first quarter. World Asset Management Inc now owns 2,966 shares of the technology company’s stock worth $249,000 after buying an additional 52 shares in the last quarter.
j2 Global, Inc. (NASDAQ JCOM) opened at 74.13 on Friday. The firm has a market cap of $3.58 billion, a P/E ratio of 24.83 and a beta of 0.97. j2 Global, Inc. has a 1-year low of $62.55 and a 1-year high of $91.48. The company has a 50-day moving average price of $75.63 and a 200-day moving average price of $82.77.
j2 Global (NASDAQ:JCOM) last issued its earnings results on Thursday, August 3rd. The technology company reported $1.25 EPS for the quarter, missing the consensus estimate of $1.31 by ($0.06). j2 Global had a return on equity of 26.62% and a net margin of 14.74%. The company had revenue of $273.20 million during the quarter, compared to the consensus estimate of $271.89 million. During the same quarter in the prior year, the business earned $1.21 EPS. The firm’s revenue for the quarter was up 29.0% compared to the same quarter last year. On average, equities research analysts forecast that j2 Global, Inc. will post $5.76 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Monday, August 14th were paid a $0.385 dividend. The ex-dividend date was Thursday, August 10th. This represents a $1.54 annualized dividend and a yield of 2.08%. This is an increase from j2 Global’s previous quarterly dividend of $0.38. j2 Global’s dividend payout ratio (DPR) is currently 51.68%.
A number of research firms have recently weighed in on JCOM. BidaskClub raised j2 Global from a “hold” rating to a “buy” rating in a report on Saturday, June 24th. Citigroup Inc. dropped their target price on j2 Global from $89.00 to $88.00 and set a “neutral” rating for the company in a report on Monday, August 7th. Zacks Investment Research downgraded j2 Global from a “hold” rating to a “sell” rating in a report on Wednesday, August 9th. Robert W. Baird reissued a “buy” rating and set a $94.00 target price on shares of j2 Global in a report on Friday, September 1st. Finally, ValuEngine downgraded j2 Global from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $100.60.
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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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