j2 Global Inc. (JCOM) Given “Buy” Rating at JMP Securities
A number of other equities analysts have also recently commented on the company. Zacks Investment Research cut j2 Global from a buy rating to a strong sell rating in a report on Tuesday, October 4th. Robert W. Baird began coverage on j2 Global in a report on Tuesday, August 30th. They set an outperform rating and a $83.00 price target on the stock. Finally, Citigroup Inc. reissued a buy rating and set a $73.00 price target on shares of j2 Global in a report on Wednesday, August 17th.
Shares of j2 Global (NASDAQ:JCOM) opened at 74.69 on Monday. The stock has a 50 day moving average of $68.53 and a 200 day moving average of $66.80. j2 Global has a one year low of $55.43 and a one year high of $84.15. The stock has a market cap of $3.59 billion, a P/E ratio of 25.33 and a beta of 1.03.
j2 Global (NASDAQ:JCOM) last announced its earnings results on Tuesday, November 1st. The company reported $1.25 EPS for the quarter, topping the Zacks’ consensus estimate of $1.24 by $0.01. j2 Global had a return on equity of 25.08% and a net margin of 17.50%. The company had revenue of $210.10 million for the quarter, compared to analysts’ expectations of $211.46 million. During the same period last year, the firm earned $1.04 EPS. j2 Global’s revenue for the quarter was up 17.6% compared to the same quarter last year. Equities analysts expect that j2 Global will post $4.90 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, December 5th. Shareholders of record on Friday, November 18th will be issued a dividend of $0.355 per share. The ex-dividend date of this dividend is Wednesday, November 16th. This is a boost from j2 Global’s previous quarterly dividend of $0.35. This represents a $1.42 dividend on an annualized basis and a yield of 1.90%. j2 Global’s dividend payout ratio (DPR) is currently 47.97%.
In other news, Director W Brian Kretzmer sold 6,600 shares of the firm’s stock in a transaction dated Tuesday, August 30th. The stock was 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 owns 14,897 shares in the company, valued at $1,012,251.15. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Steve P. Dunn sold 2,958 shares of the firm’s stock in a transaction dated Tuesday, November 15th. The shares were sold at an average price of $73.50, for a total value 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 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 modified their holdings of the stock. Advisor Group Inc. purchased a new position in shares of j2 Global during the second quarter worth $101,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of j2 Global by 13.7% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,516 shares of the company’s stock worth $101,000 after buying an additional 183 shares during the last quarter. LS Investment Advisors LLC raised its position in shares of j2 Global by 73.7% in the second quarter. LS Investment Advisors LLC now owns 2,799 shares of the company’s stock worth $177,000 after buying an additional 1,188 shares during the last quarter. Tower Research Capital LLC TRC raised its position in shares of j2 Global by 904.6% in the second quarter. Tower Research Capital LLC TRC now owns 3,074 shares of the company’s stock worth $194,000 after buying an additional 2,768 shares during the last quarter. Finally, Societe Generale purchased a new position in shares of j2 Global during the second quarter worth $196,000.
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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