8,164 Shares in J2 Global Inc (NASDAQ:JCOM) Acquired by Two Sigma Advisers LP

Two Sigma Advisers LP acquired a new position in J2 Global Inc (NASDAQ:JCOM) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 8,164 shares of the technology company’s stock, valued at approximately $566,000.

Other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. increased its stake in shares of J2 Global by 1.8% in the 3rd quarter. Vanguard Group Inc. now owns 4,341,776 shares of the technology company’s stock valued at $359,716,000 after purchasing an additional 78,738 shares in the last quarter. Vanguard Group Inc increased its stake in shares of J2 Global by 1.8% in the 3rd quarter. Vanguard Group Inc now owns 4,341,776 shares of the technology company’s stock valued at $359,716,000 after purchasing an additional 78,738 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of J2 Global by 6.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 942,566 shares of the technology company’s stock valued at $65,395,000 after purchasing an additional 53,199 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of J2 Global by 5.9% in the 3rd quarter. Bank of New York Mellon Corp now owns 836,538 shares of the technology company’s stock valued at $69,308,000 after purchasing an additional 46,648 shares in the last quarter. Finally, Northern Trust Corp increased its stake in shares of J2 Global by 2.4% in the 4th quarter. Northern Trust Corp now owns 783,375 shares of the technology company’s stock valued at $54,351,000 after purchasing an additional 18,656 shares in the last quarter. 99.90% of the stock is owned by hedge funds and other institutional investors.

In other J2 Global news, insider R Scott Turicchi sold 9,808 shares of the business’s stock in a transaction that occurred on Friday, February 15th. The stock was sold at an average price of $83.60, for a total value of $819,948.80. Following the sale, the insider now owns 288,127 shares of the company’s stock, valued at $24,087,417.20. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director W Brian Kretzmer sold 6,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $84.17, for a total value of $505,020.00. Following the completion of the sale, the director now directly owns 12,764 shares in the company, valued at approximately $1,074,345.88. The disclosure for this sale can be found here. In the last three months, insiders sold 67,863 shares of company stock worth $5,742,930. 5.90% of the stock is owned by corporate insiders.

Shares of J2 Global stock traded down $1.61 on Friday, hitting $88.99. 837,790 shares of the company were exchanged, compared to its average volume of 327,576. J2 Global Inc has a 1-year low of $65.07 and a 1-year high of $91.58. The stock has a market cap of $4.42 billion, a P/E ratio of 15.03, a P/E/G ratio of 1.70 and a beta of 0.88. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.30 and a quick ratio of 1.50.

J2 Global (NASDAQ:JCOM) last released its quarterly earnings data on Tuesday, May 7th. The technology company reported $1.33 EPS for the quarter, beating analysts’ consensus estimates of $1.19 by $0.14. J2 Global had a return on equity of 28.93% and a net margin of 11.60%. The firm had revenue of $299.90 million for the quarter, compared to analysts’ expectations of $296.12 million. During the same period in the prior year, the firm posted $1.22 earnings per share. The firm’s quarterly revenue was up 6.9% on a year-over-year basis. As a group, research analysts expect that J2 Global Inc will post 6.65 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 4th. Shareholders of record on Monday, May 20th will be given a $0.455 dividend. This is a positive change from J2 Global’s previous quarterly dividend of $0.45. The ex-dividend date is Friday, May 17th. This represents a $1.82 dividend on an annualized basis and a yield of 2.05%. J2 Global’s payout ratio is presently 30.07%.

JCOM has been the subject of several recent analyst reports. DA Davidson set a $110.00 price target on J2 Global and gave the company a “buy” rating in a research note on Monday, April 22nd. Zacks Investment Research upgraded J2 Global from a “hold” rating to a “buy” rating and set a $99.00 price target for the company in a research note on Wednesday, April 17th. BidaskClub upgraded J2 Global from a “hold” rating to a “buy” rating in a report on Tuesday, February 5th. Citigroup lifted their price objective on J2 Global from $84.00 to $86.00 and gave the stock a “neutral” rating in a report on Thursday, February 14th. Finally, Wedbush lifted their price objective on J2 Global from $95.00 to $105.00 and gave the stock an “outperform” rating in a report on Thursday. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $100.20.

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J2 Global Profile

j2 Global, Inc, together with its subsidiaries, provides Internet services worldwide. It operates through three segments: Fax and Email Marketing; Voice, Backup, and Security; and Digital Media. The company offers cloud services to sole proprietors, small to medium-sized businesses and enterprises, and government organizations.

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

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