J2 Global (NASDAQ:JCOM) Share Price Passes Above 50 Day Moving Average of $86.09

J2 Global Inc (NASDAQ:JCOM)’s share price crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $86.09 and traded as high as $88.42. J2 Global shares last traded at $88.42, with a volume of 2,926 shares traded.

JCOM has been the subject of a number of recent research reports. Wedbush increased their price objective on J2 Global from $95.00 to $105.00 and gave the stock an “outperform” rating in a research report on Thursday, May 9th. Zacks Investment Research raised 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. Citigroup increased their price objective on J2 Global from $86.00 to $95.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 3rd. Finally, DA Davidson set a $110.00 price objective on J2 Global and gave the stock a “buy” rating in a research report on Monday, April 22nd. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. J2 Global presently has a consensus rating of “Buy” and an average target price of $100.20.

The company has a market capitalization of $4.35 billion, a P/E ratio of 15.02, a price-to-earnings-growth ratio of 1.64 and a beta of 0.86. The business has a 50-day moving average of $86.05. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.01.

J2 Global (NASDAQ:JCOM) last issued its earnings results 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. The business had revenue of $299.90 million during the quarter, compared to the consensus estimate of $296.12 million. J2 Global had a return on equity of 28.93% and a net margin of 11.60%. The company’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same period in the prior year, the business posted $1.22 EPS. As a group, research analysts expect that J2 Global Inc will post 6.65 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 4th. Stockholders of record on Monday, May 20th were paid a dividend of $0.455 per share. This represents a $1.82 dividend on an annualized basis and a dividend yield of 2.05%. This is an increase from J2 Global’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend was Friday, May 17th. J2 Global’s dividend payout ratio is 30.74%.

In other news, insider Steve P. Dunn sold 3,263 shares of the stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $87.00, for a total transaction of $283,881.00. Following the completion of the transaction, the insider now directly owns 19,544 shares of the company’s stock, valued at approximately $1,700,328. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Jeremy Rossen sold 2,213 shares of the stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $86.30, for a total value of $190,981.90. Following the transaction, the vice president now directly owns 36,440 shares of the company’s stock, valued at $3,144,772. The disclosure for this sale can be found here. Over the last three months, insiders have sold 21,102 shares of company stock valued at $1,830,912. Company insiders own 5.90% of the company’s stock.

Hedge funds have recently modified their holdings of the company. Tortoise Index Solutions LLC purchased a new position in shares of J2 Global during the 1st quarter worth approximately $28,000. Hussman Strategic Advisors Inc. purchased a new position in shares of J2 Global during the 1st quarter worth approximately $52,000. Parametrica Management Ltd purchased a new position in shares of J2 Global during the 4th quarter worth approximately $204,000. Yorktown Management & Research Co Inc purchased a new position in shares of J2 Global during the 1st quarter worth approximately $208,000. Finally, Brinker Capital Inc. purchased a new position in shares of J2 Global during the 1st quarter worth approximately $211,000. 99.90% of the stock is owned by institutional investors and hedge funds.

J2 Global Company Profile (NASDAQ:JCOM)

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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