j2 Global Inc. (NASDAQ:JCOM) announced a quarterly dividend on Tuesday, November 1st. Shareholders of record on Friday, November 18th will be paid a dividend of 0.355 per share on Monday, December 5th. This represents a $1.42 dividend on an annualized basis and a yield of 1.94%. The ex-dividend date is Wednesday, November 16th. This is an increase from j2 Global’s previous quarterly dividend of $0.35.

Shares of j2 Global (NASDAQ:JCOM) opened at 73.18 on Tuesday. j2 Global has a 12 month low of $55.43 and a 12 month high of $84.15. The stock has a market cap of $3.52 billion, a price-to-earnings ratio of 24.82 and a beta of 1.03. The firm has a 50-day moving average price of $67.45 and a 200-day moving average price of $66.41.

j2 Global (NASDAQ:JCOM) last released its quarterly earnings results on Tuesday, November 1st. The company reported $1.25 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.24 by $0.01. j2 Global had a net margin of 17.50% and a return on equity of 25.08%. The firm had revenue of $210.10 million for the quarter, compared to the consensus estimate of $211.46 million. During the same quarter in the previous year, the firm posted $1.04 EPS. The firm’s quarterly revenue was up 17.6% on a year-over-year basis. Equities analysts expect that j2 Global will post $4.90 EPS for the current fiscal year.

Dividend History for j2 Global (NASDAQ:JCOM)

In other j2 Global news, Director W Brian Kretzmer sold 6,600 shares of the firm’s stock in a transaction on Tuesday, August 30th. The shares were sold at an average price of $67.95, for a total transaction of $448,470.00. Following the completion of the transaction, the director now directly owns 14,897 shares of the company’s stock, valued at approximately $1,012,251.15. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Stephen Ross sold 19,836 shares of j2 Global stock in a transaction dated Tuesday, September 13th. The shares were sold at an average price of $67.84, for a total transaction of $1,345,674.24. Following the completion of the transaction, the director now directly owns 28,107 shares of the company’s stock, valued at $1,906,778.88. The disclosure for this sale can be found here. Company insiders own 5.11% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of JCOM. American Century Companies Inc. raised its position in j2 Global by 360.8% in the second quarter. American Century Companies Inc. now owns 450,624 shares of the company’s stock valued at $28,466,000 after buying an additional 352,826 shares during the period. BlackRock Investment Management LLC raised its position in j2 Global by 4.5% in the second quarter. BlackRock Investment Management LLC now owns 290,184 shares of the company’s stock valued at $18,331,000 after buying an additional 12,464 shares during the period. BlackRock Inc. raised its position in j2 Global by 18.1% in the second quarter. BlackRock Inc. now owns 21,565 shares of the company’s stock valued at $1,362,000 after buying an additional 3,304 shares during the period. BlackRock Fund Advisors raised its position in j2 Global by 1.3% in the second quarter. BlackRock Fund Advisors now owns 2,393,136 shares of the company’s stock valued at $151,174,000 after buying an additional 31,413 shares during the period. Finally, BlackRock Institutional Trust Company N.A. raised its position in j2 Global by 1.2% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 1,385,882 shares of the company’s stock valued at $87,546,000 after buying an additional 16,739 shares during the period.

Several research firms recently issued reports on JCOM. Robert W. Baird began coverage on shares of j2 Global in a research note on Tuesday, August 30th. They set an “outperform” rating and a $83.00 price target on the stock. Citigroup Inc. reaffirmed a “buy” rating and set a $73.00 price target on shares of j2 Global in a research note on Wednesday, August 17th. Finally, Zacks Investment Research raised shares of j2 Global from a “hold” rating to a “buy” rating and set a $78.00 price target on the stock in a research note on Friday, August 5th.

About j2 Global

j2 Global, Inc is a provider of services delivered through the Internet. The Company provides cloud services to businesses of all sizes, from individuals to enterprises. The Company operates in two segments: Business Cloud Services and Digital Media. The Company’s Digital Media business segment consists of the Web properties and business operations of Ziff Davis, Inc (Ziff Davis).

5 Day Chart for NASDAQ:JCOM

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