Rothschild & Co. Asset Management US Inc. decreased its stake in J2 Global Inc (NASDAQ:JCOM) by 0.3% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 439,328 shares of the technology company’s stock after selling 1,118 shares during the quarter. Rothschild & Co. Asset Management US Inc.’s holdings in J2 Global were worth $38,046,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors also recently added to or reduced their stakes in JCOM. Pearl River Capital LLC purchased a new stake in shares of J2 Global during the 4th quarter worth about $30,000. Benjamin F. Edwards & Company Inc. grew its holdings in shares of J2 Global by 68.4% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 645 shares of the technology company’s stock worth $45,000 after purchasing an additional 262 shares in the last quarter. Hussman Strategic Advisors Inc. acquired a new stake in shares of J2 Global during the 1st quarter worth approximately $52,000. Parametrica Management Ltd acquired a new stake in shares of J2 Global during the 4th quarter worth approximately $204,000. Finally, Brinker Capital Inc. acquired a new stake in shares of J2 Global during the 1st quarter worth approximately $211,000. Institutional investors and hedge funds own 99.90% of the company’s stock.
Shares of NASDAQ:JCOM traded down $0.18 during trading on Wednesday, hitting $87.05. 748 shares of the stock were exchanged, compared to its average volume of 367,554. J2 Global Inc has a 1-year low of $65.07 and a 1-year high of $91.58. The firm has a market capitalization of $4.23 billion, a PE ratio of 14.70, a PEG ratio of 1.63 and a beta of 0.88. The company has a current ratio of 1.25, a quick ratio of 1.50 and a debt-to-equity ratio of 1.01.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 4th. Investors of record on Monday, May 20th will be paid 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 annualized dividend and a yield of 2.09%. J2 Global’s payout ratio is currently 30.07%.
Several brokerages have recently weighed in on JCOM. 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, May 9th. DA Davidson set a $110.00 price objective on J2 Global and gave the stock a “buy” rating in a report on Monday, April 22nd. Zacks Investment Research raised J2 Global from a “hold” rating to a “buy” rating and set a $99.00 price objective on the stock in a report on Wednesday, April 17th. Citigroup lifted their price objective on J2 Global from $86.00 to $95.00 and gave the stock a “neutral” rating in a report on Wednesday, April 3rd. Finally, BidaskClub raised J2 Global from a “hold” rating to a “buy” rating in a report on Tuesday, February 5th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. J2 Global currently has an average rating of “Buy” and an average price target of $100.20.
In related news, Director Douglas Y. Bech sold 4,307 shares of the business’s stock in a transaction on Thursday, February 21st. The stock was sold at an average price of $85.12, for a total value of $366,611.84. Following the sale, the director now owns 123,081 shares of the company’s stock, valued at approximately $10,476,654.72. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director W Brian Kretzmer sold 6,000 shares of the business’s stock in a transaction 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 ninety days, insiders sold 64,807 shares of company stock worth $5,555,067. 5.90% of the stock is owned by insiders.
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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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