Meitav Dash Investments Ltd. raised its stake in shares of J2 Global Inc (NASDAQ:JCOM) by 3.2% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 7,920 shares of the technology company’s stock after acquiring an additional 244 shares during the quarter. Meitav Dash Investments Ltd.’s holdings in J2 Global were worth $681,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently modified their holdings of JCOM. Norges Bank bought a new stake in J2 Global during the 4th quarter worth about $38,850,000. Clark Capital Management Group Inc. raised its holdings in J2 Global by 873.1% during the 1st quarter. Clark Capital Management Group Inc. now owns 316,871 shares of the technology company’s stock worth $27,441,000 after purchasing an additional 284,308 shares during the last quarter. Nordea Investment Management AB grew its position in shares of J2 Global by 35.0% during the 4th quarter. Nordea Investment Management AB now owns 908,821 shares of the technology company’s stock worth $63,055,000 after buying an additional 235,849 shares during the period. D. E. Shaw & Co. Inc. grew its position in shares of J2 Global by 156.2% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 309,016 shares of the technology company’s stock worth $21,440,000 after buying an additional 188,393 shares during the period. Finally, Segall Bryant & Hamill LLC grew its position in shares of J2 Global by 3,696.5% during the 4th quarter. Segall Bryant & Hamill LLC now owns 173,842 shares of the technology company’s stock worth $12,061,000 after buying an additional 169,263 shares during the period. 99.90% of the stock is owned by institutional investors.
Several equities analysts have recently issued reports on the company. Wedbush boosted their target price on J2 Global from $95.00 to $105.00 and gave the stock an “outperform” rating in a research report on Thursday, May 9th. DA Davidson set a $110.00 price objective on J2 Global and gave the company a “buy” rating in a research report on Monday, April 22nd. Zacks Investment Research upgraded J2 Global from a “hold” rating to a “buy” rating and set a $99.00 price objective for the company in a research report on Wednesday, April 17th. Finally, Citigroup boosted their price objective on J2 Global from $86.00 to $95.00 and gave the company a “neutral” rating in a research report on Wednesday, April 3rd. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $100.20.
NASDAQ JCOM traded up $1.75 during trading on Friday, hitting $88.89. The stock had a trading volume of 540,306 shares, compared to its average volume of 399,262. The firm has a market cap of $4.35 billion, a P/E ratio of 15.02, a PEG ratio of 1.64 and a beta of 0.86. The company has a 50-day moving average price of $86.05. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.25 and a quick ratio of 1.25. J2 Global Inc has a 12 month low of $65.07 and a 12 month high of $90.99.
J2 Global (NASDAQ:JCOM) last announced its quarterly earnings data on Tuesday, May 7th. The technology company reported $1.33 earnings per share (EPS) for the quarter, topping 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 company had revenue of $299.90 million for the quarter, compared to analysts’ expectations of $296.12 million. During the same quarter in the prior year, the business posted $1.22 EPS. The business’s revenue was up 6.9% compared to the same quarter last year. Sell-side analysts expect that J2 Global Inc will post 6.65 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 4th. Investors of record on Monday, May 20th were paid a $0.455 dividend. This represents a $1.82 dividend on an annualized basis and a yield of 2.05%. The ex-dividend date of this dividend was Friday, May 17th. This is a boost from J2 Global’s previous quarterly dividend of $0.45. J2 Global’s dividend payout ratio is 30.74%.
J2 Global Company 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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