New Mexico Educational Retirement Board increased its stake in shares of J2 Global Inc (NASDAQ:JCOM) by 37.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,000 shares of the technology company’s stock after purchasing an additional 3,000 shares during the quarter. New Mexico Educational Retirement Board’s holdings in J2 Global were worth $823,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Ladenburg Thalmann Financial Services Inc. grew its stake in J2 Global by 13.5% during the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,150 shares of the technology company’s stock worth $108,000 after purchasing an additional 137 shares in the last quarter. Rockefeller Capital Management L.P. grew its stake in J2 Global by 81.3% during the 1st quarter. Rockefeller Capital Management L.P. now owns 437 shares of the technology company’s stock worth $33,000 after purchasing an additional 196 shares in the last quarter. First Mercantile Trust Co. grew its stake in J2 Global by 17.1% during the 1st quarter. First Mercantile Trust Co. now owns 1,428 shares of the technology company’s stock worth $107,000 after purchasing an additional 209 shares in the last quarter. Mason Street Advisors LLC grew its stake in J2 Global by 1.0% during the 4th quarter. Mason Street Advisors LLC now owns 24,623 shares of the technology company’s stock worth $2,307,000 after purchasing an additional 252 shares in the last quarter. Finally, Baird Financial Group Inc. grew its stake in J2 Global by 0.4% during the 1st quarter. Baird Financial Group Inc. now owns 84,859 shares of the technology company’s stock worth $6,352,000 after purchasing an additional 298 shares in the last quarter.

J2 Global stock opened at $69.07 on Tuesday. J2 Global Inc has a fifty-two week low of $58.00 and a fifty-two week high of $104.57. The company has a debt-to-equity ratio of 1.25, a quick ratio of 2.12 and a current ratio of 2.12. The company has a market capitalization of $3.30 billion, a P/E ratio of 19.19, a PEG ratio of 1.34 and a beta of 0.73. The stock has a 50-day simple moving average of $75.98 and a 200-day simple moving average of $84.17.

J2 Global (NASDAQ:JCOM) last posted its earnings results on Monday, May 11th. The technology company reported $1.40 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.35 by $0.05. J2 Global had a return on equity of 27.28% and a net margin of 12.81%. The business had revenue of $332.40 million during the quarter, compared to the consensus estimate of $331.36 million. During the same period in the previous year, the business earned $1.40 EPS. The business’s quarterly revenue was up 10.8% on a year-over-year basis. As a group, analysts forecast that J2 Global Inc will post 6.45 earnings per share for the current year.

Several research analysts recently commented on the company. Wedbush lowered their target price on J2 Global from $110.00 to $100.00 and set an “outperform” rating for the company in a research note on Wednesday, May 13th. Citigroup lowered their price objective on J2 Global from $110.00 to $87.00 and set a “neutral” rating for the company in a research report on Monday, April 20th. ValuEngine cut J2 Global from a “hold” rating to a “sell” rating in a research report on Friday, May 1st. TheStreet cut J2 Global from a “b-” rating to a “c+” rating in a research report on Wednesday, March 25th. Finally, Barclays started coverage on J2 Global in a research report on Thursday, April 2nd. They set an “equal weight” rating and a $84.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and nine have assigned a buy rating to the stock. J2 Global has a consensus rating of “Buy” and an average price target of $101.33.

J2 Global Company Profile

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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Institutional Ownership by Quarter for J2 Global (NASDAQ:JCOM)

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