Seizert Capital Partners LLC Trims Holdings in J2 Global Inc (NASDAQ:JCOM)

Seizert Capital Partners LLC trimmed its position in J2 Global Inc (NASDAQ:JCOM) by 4.2% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,438 shares of the technology company’s stock after selling 633 shares during the period. Seizert Capital Partners LLC’s holdings in J2 Global were worth $1,283,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Tortoise Index Solutions LLC purchased a new position in J2 Global in the 1st quarter valued at about $28,000. Truvestments Capital LLC lifted its holdings in J2 Global by 258.9% in the 2nd quarter. Truvestments Capital LLC now owns 402 shares of the technology company’s stock valued at $36,000 after purchasing an additional 290 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. purchased a new position in J2 Global in the 2nd quarter valued at about $44,000. Hussman Strategic Advisors Inc. purchased a new position in J2 Global in the 1st quarter valued at about $52,000. Finally, III Capital Management purchased a new position in J2 Global in the 2nd quarter valued at about $105,000.

JCOM traded down $1.52 on Friday, reaching $82.42. 333,629 shares of the company’s stock were exchanged, compared to its average volume of 383,678. The company’s 50 day moving average is $86.36 and its 200-day moving average is $85.94. The company has a market cap of $4.11 billion, a price-to-earnings ratio of 13.92 and a beta of 0.83. J2 Global Inc has a twelve month low of $65.07 and a twelve month high of $92.00. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.94 and a current ratio of 0.94.

J2 Global (NASDAQ:JCOM) last posted its earnings results on Tuesday, August 6th. The technology company reported $1.47 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.42 by $0.05. The firm had revenue of $322.43 million during the quarter, compared to the consensus estimate of $320.25 million. J2 Global had a net margin of 11.61% and a return on equity of 28.85%. The company’s revenue was up 12.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.50 EPS. Sell-side analysts forecast that J2 Global Inc will post 6.63 EPS for the current year.

In related news, VP Jeremy Rossen sold 2,617 shares of the stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $83.50, for a total transaction of $218,519.50. Following the completion of the sale, the vice president now owns 32,440 shares of the company’s stock, valued at approximately $2,708,740. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 5.90% of the stock is currently owned by corporate insiders.

A number of research analysts have issued reports on JCOM shares. Wedbush upped their target price on shares of J2 Global from $95.00 to $105.00 and gave the company an “outperform” rating in a report on Thursday, May 9th. BidaskClub lowered shares of J2 Global from a “hold” rating to a “sell” rating in a report on Wednesday, August 7th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $102.25.

About J2 Global

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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