Royce & Associates LP Grows Position in j2 Global, Inc. (JCOM)
Royce & Associates LP boosted its holdings in j2 Global, Inc. (NASDAQ:JCOM) by 4.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 237,999 shares of the technology company’s stock after purchasing an additional 11,000 shares during the quarter. Royce & Associates LP owned about 0.49% of j2 Global worth $17,583,000 at the end of the most recent quarter.
A number of other hedge funds have also added to or reduced their stakes in JCOM. Zurcher Kantonalbank Zurich Cantonalbank raised its position in j2 Global by 15.9% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,757 shares of the technology company’s stock worth $150,000 after buying an additional 241 shares during the last quarter. First Mercantile Trust Co. raised its position in j2 Global by 1.9% during the 2nd quarter. First Mercantile Trust Co. now owns 2,150 shares of the technology company’s stock worth $183,000 after buying an additional 40 shares during the last quarter. Advisor Group Inc. raised its position in j2 Global by 1.7% during the 2nd quarter. Advisor Group Inc. now owns 2,535 shares of the technology company’s stock worth $195,000 after buying an additional 43 shares during the last quarter. Parametrica Management Ltd purchased a new position in j2 Global during the 3rd quarter worth $229,000. Finally, Raymond James Financial Services Advisors Inc. purchased a new position in j2 Global during the 3rd quarter worth $250,000.
A number of equities analysts have commented on JCOM shares. Robert W. Baird restated a “buy” rating and set a $94.00 price objective on shares of j2 Global in a research report on Friday, September 1st. ValuEngine downgraded shares of j2 Global from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Zacks Investment Research upgraded shares of j2 Global from a “sell” rating to a “hold” rating in a research report on Wednesday, October 4th. Finally, BidaskClub downgraded shares of j2 Global from a “hold” rating to a “sell” rating in a research report on Thursday. Two analysts have rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $101.75.
j2 Global, Inc. (JCOM) opened at $73.21 on Monday. The company has a debt-to-equity ratio of 1.02, a quick ratio of 2.79 and a current ratio of 2.79. j2 Global, Inc. has a 12 month low of $71.09 and a 12 month high of $91.48. The firm has a market cap of $3,544.01, a price-to-earnings ratio of 14.27 and a beta of 0.87.
j2 Global (NASDAQ:JCOM) last posted its quarterly earnings results on Thursday, November 2nd. The technology company reported $1.34 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.36 by ($0.02). j2 Global had a return on equity of 26.43% and a net margin of 12.60%. The company had revenue of $273.60 million for the quarter, compared to analyst estimates of $272.84 million. During the same period last year, the company earned $1.25 earnings per share. The business’s revenue for the quarter was up 30.2% compared to the same quarter last year. research analysts predict that j2 Global, Inc. will post 5.35 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, December 5th. Stockholders of record on Friday, November 17th were paid a dividend of $0.395 per share. The ex-dividend date of this dividend was Thursday, November 16th. This is a boost from j2 Global’s previous quarterly dividend of $0.39. This represents a $1.58 dividend on an annualized basis and a dividend yield of 2.16%. j2 Global’s dividend payout ratio is 58.52%.
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j2 Global Profile
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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