J2 Global Inc (NASDAQ:JCOM) Shares Sold by Strategic Global Advisors LLC
Strategic Global Advisors LLC decreased its holdings in J2 Global Inc (NASDAQ:JCOM) by 5.4% in the 2nd quarter, HoldingsChannel reports. The fund owned 17,376 shares of the technology company’s stock after selling 989 shares during the quarter. Strategic Global Advisors LLC’s holdings in J2 Global were worth $1,545,000 at the end of the most recent reporting period.
Other institutional investors have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its stake in shares of J2 Global by 6.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 942,566 shares of the technology company’s stock worth $65,395,000 after acquiring an additional 53,199 shares in the last quarter. Geode Capital Management LLC raised its holdings in J2 Global by 8.3% during the fourth quarter. Geode Capital Management LLC now owns 566,652 shares of the technology company’s stock worth $39,314,000 after purchasing an additional 43,571 shares during the last quarter. Mercer Global Advisors Inc. ADV purchased a new stake in J2 Global during the first quarter worth $220,000. Texas Permanent School Fund boosted its position in J2 Global by 2.6% during the first quarter. Texas Permanent School Fund now owns 31,449 shares of the technology company’s stock worth $2,723,000 after purchasing an additional 808 shares in the last quarter. Finally, South Dakota Investment Council acquired a new stake in J2 Global in the first quarter valued at $775,000.
A number of research analysts have recently weighed in on JCOM shares. Sidoti raised their price target on J2 Global from $110.00 to $116.00 and gave the company a “buy” rating in a research report on Friday, September 6th. BidaskClub raised J2 Global from a “sell” rating to a “hold” rating in a research note on Saturday. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $105.00.
Shares of JCOM stock traded up $1.01 during trading hours on Wednesday, hitting $90.22. The company’s stock had a trading volume of 14,980 shares, compared to its average volume of 301,369. The business has a fifty day moving average of $84.90 and a 200-day moving average of $86.40. The stock has a market cap of $4.36 billion, a price-to-earnings ratio of 15.24 and a beta of 0.82. J2 Global Inc has a twelve month low of $65.07 and a twelve month high of $92.00. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 1.09.
J2 Global (NASDAQ:JCOM) last issued its quarterly earnings data on Tuesday, August 6th. The technology company reported $1.47 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 firm had revenue of $322.43 million during the quarter, compared to the consensus estimate of $320.25 million. During the same period in the previous year, the firm posted $1.50 EPS. The company’s quarterly revenue was up 12.0% compared to the same quarter last year. On average, equities analysts expect that J2 Global Inc will post 6.63 EPS for the current fiscal year.
About J2 Global
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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