j2 Global Inc. (JCOM) Insider Steve P. Dunn Sells 2,958 Shares of Stock
j2 Global Inc. (NASDAQ:JCOM) insider Steve P. Dunn sold 2,958 shares of the business’s stock in a transaction on Tuesday, November 15th. The stock was sold at an average price of $73.50, for a total transaction of $217,413.00. Following the transaction, the insider now owns 21,867 shares of the company’s stock, valued at approximately $1,607,224.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of j2 Global Inc. (NASDAQ:JCOM) traded up 0.74% during midday trading on Thursday, hitting $74.62. 146,562 shares of the stock were exchanged. The firm has a 50-day moving average price of $67.87 and a 200-day moving average price of $66.54. j2 Global Inc. has a 12-month low of $55.43 and a 12-month high of $84.15. The company has a market cap of $3586.01 billion, a PE ratio of 25.29 and a beta of 1.03.
j2 Global (NASDAQ:JCOM) last issued its earnings results on Tuesday, November 1st. The company reported $1.25 EPS for the quarter, beating the Zacks’ 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 business had revenue of $210.10 million for the quarter, compared to the consensus estimate of $211.46 million. During the same quarter last year, the firm posted $1.04 EPS. The business’s revenue for the quarter was up 17.6% compared to the same quarter last year. On average, equities analysts predict that j2 Global Inc. will post $4.90 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, December 5th. Investors of record on Friday, November 18th will be issued a dividend of $0.355 per share. This represents a $1.42 dividend on an annualized basis and a yield of 1.92%. This is a positive change from j2 Global’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend is Wednesday, November 16th. j2 Global’s dividend payout ratio (DPR) is presently 46.62%.
A number of brokerages recently weighed in on JCOM. Zacks Investment Research raised shares of j2 Global from a “hold” rating to a “buy” rating and set a $78.00 price target for the company in a research report on Friday, August 5th. Robert W. Baird began coverage on shares of j2 Global in a research report on Tuesday, August 30th. They issued an “outperform” rating and a $83.00 price target for the company. Finally, Citigroup Inc. reissued a “buy” rating and issued a $73.00 price target on shares of j2 Global in a research report on Wednesday, August 17th.
Large investors have recently added to or reduced their stakes in the stock. Nisa Investment Advisors LLC raised its stake in j2 Global by 0.3% in the second quarter. Nisa Investment Advisors LLC now owns 31,400 shares of the company’s stock worth $1,984,000 after buying an additional 100 shares during the last quarter. Capstone Asset Management Co. raised its stake in j2 Global by 19.7% in the second quarter. Capstone Asset Management Co. now owns 6,143 shares of the company’s stock worth $388,000 after buying an additional 1,010 shares during the last quarter. Fisher Asset Management LLC raised its position in shares of j2 Global by 2.8% in the second quarter. Fisher Asset Management LLC now owns 140,924 shares of the company’s stock valued at $9,174,000 after buying an additional 3,899 shares in the last quarter. Quotient Investors LLC raised its position in shares of j2 Global by 14.3% in the second quarter. Quotient Investors LLC now owns 9,600 shares of the company’s stock valued at $606,000 after buying an additional 1,200 shares in the last quarter. Finally, BNP Paribas Arbitrage SA raised its position in shares of j2 Global by 57,369.4% in the second quarter. BNP Paribas Arbitrage SA now owns 20,689 shares of the company’s stock valued at $1,307,000 after buying an additional 20,653 shares in the last quarter.
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).
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