J2 Global Inc (NASDAQ:JCOM) Shares Purchased by Hancock Whitney Corp

Hancock Whitney Corp increased its position in shares of J2 Global Inc (NASDAQ:JCOM) by 1.4% during the 2nd quarter, HoldingsChannel reports. The fund owned 52,627 shares of the technology company’s stock after acquiring an additional 742 shares during the quarter. Hancock Whitney Corp’s holdings in J2 Global were worth $4,678,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in JCOM. Point72 Asset Management L.P. purchased a new stake in shares of J2 Global during the second quarter worth approximately $27,000. Tortoise Index Solutions LLC acquired a new position in J2 Global during the 1st quarter valued at approximately $28,000. Truvestments Capital LLC boosted its position in J2 Global by 258.9% during 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 during the period. Harel Insurance Investments & Financial Services Ltd. acquired a new position in J2 Global during the 2nd quarter valued at approximately $44,000. Finally, Quantamental Technologies LLC acquired a new position in J2 Global during the 2nd quarter valued at approximately $50,000.

JCOM stock traded up $0.71 during trading on Thursday, reaching $88.87. 60,696 shares of the company’s stock were exchanged, compared to its average volume of 361,531. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 1.09. J2 Global Inc has a 1-year low of $65.07 and a 1-year high of $92.28. The company’s fifty day moving average price is $86.72 and its 200-day moving average price is $86.95. The firm has a market cap of $4.44 billion, a PE ratio of 15.01 and a beta of 0.80.

J2 Global (NASDAQ:JCOM) last announced its quarterly 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. J2 Global had a return on equity of 28.85% and a net margin of 11.61%. The company had revenue of $322.43 million during the quarter, compared to analyst estimates of $320.25 million. During the same quarter in the previous year, the firm posted $1.50 EPS. The firm’s quarterly revenue was up 12.0% on a year-over-year basis. As a group, sell-side analysts expect that J2 Global Inc will post 6.63 earnings per share for the current fiscal year.

A number of research analysts recently issued reports on the company. Sidoti boosted their price objective on J2 Global from $110.00 to $116.00 and gave the company a “buy” rating in a research report on Friday, September 6th. ValuEngine lowered J2 Global from a “hold” rating to a “sell” rating in a research report on Wednesday. BidaskClub upgraded J2 Global from a “hold” rating to a “buy” rating in a research report on Saturday, September 14th. Finally, JMP Securities reiterated a “market outperform” rating and set a $105.00 price target (up previously from $100.00) on shares of J2 Global in a research report on Thursday. One analyst has rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating to the stock. J2 Global currently has a consensus rating of “Buy” and an average target price of $105.00.

In other news, VP Jeremy Rossen sold 2,617 shares of the company’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $83.50, for a total value of $218,519.50. Following the completion of the sale, the vice president now owns 32,440 shares in the company, valued at $2,708,740. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director W Brian Kretzmer sold 1,800 shares of the company’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $87.03, for a total value of $156,654.00. Following the completion of the sale, the director now owns 7,256 shares of the company’s stock, valued at approximately $631,489.68. The disclosure for this sale can be found here. Insiders own 5.90% of the company’s stock.

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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