Northwestern Mutual Investment Management Company LLC lessened its position in shares of j2 Global, Inc. (NASDAQ:JCOM) by 3.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,986 shares of the technology company’s stock after selling 315 shares during the period. Northwestern Mutual Investment Management Company LLC’s holdings in j2 Global were worth $504,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently modified their holdings of the company. BlackRock Inc. lifted its holdings in shares of j2 Global by 21,973.5% during the 1st quarter. BlackRock Inc. now owns 4,838,726 shares of the technology company’s stock worth $406,018,000 after acquiring an additional 4,816,805 shares during the period. Vanguard Group Inc. lifted its holdings in shares of j2 Global by 4.7% during the 1st quarter. Vanguard Group Inc. now owns 3,781,603 shares of the technology company’s stock worth $317,314,000 after acquiring an additional 170,245 shares during the period. William Blair Investment Management LLC lifted its holdings in shares of j2 Global by 20.0% during the 2nd quarter. William Blair Investment Management LLC now owns 3,114,743 shares of the technology company’s stock worth $265,033,000 after acquiring an additional 518,998 shares during the period. State Street Corp lifted its holdings in shares of j2 Global by 6.6% during the 1st quarter. State Street Corp now owns 1,603,454 shares of the technology company’s stock worth $134,551,000 after acquiring an additional 99,731 shares during the period. Finally, Principal Financial Group Inc. lifted its holdings in shares of j2 Global by 88.1% during the 2nd quarter. Principal Financial Group Inc. now owns 1,293,825 shares of the technology company’s stock worth $110,092,000 after acquiring an additional 606,091 shares during the period.

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A number of brokerages have recently weighed in on JCOM. BidaskClub raised shares of j2 Global from a “hold” rating to a “buy” rating in a report on Saturday, June 24th. Citigroup Inc. cut their price target on shares of j2 Global from $89.00 to $88.00 and set a “neutral” rating for the company in a report on Monday, August 7th. Zacks Investment Research downgraded shares of j2 Global from a “hold” rating to a “sell” rating in a report on Wednesday, August 9th. Robert W. Baird reaffirmed a “buy” rating and set a $94.00 price target on shares of j2 Global in a report on Friday, September 1st. Finally, ValuEngine downgraded shares of j2 Global from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. j2 Global currently has an average rating of “Hold” and an average price target of $100.60.

j2 Global, Inc. (NASDAQ:JCOM) opened at 75.75 on Wednesday. The company has a 50-day moving average of $76.86 and a 200 day moving average of $83.02. The company has a market cap of $3.66 billion, a P/E ratio of 25.38 and a beta of 0.97. j2 Global, Inc. has a 52 week low of $62.55 and a 52 week high of $91.48.

j2 Global (NASDAQ:JCOM) last released its quarterly earnings results on Thursday, August 3rd. The technology company reported $1.25 EPS for the quarter, missing the Zacks’ consensus estimate of $1.31 by ($0.06). j2 Global had a return on equity of 26.62% and a net margin of 14.74%. The company had revenue of $273.20 million during the quarter, compared to analysts’ expectations of $271.89 million. During the same period in the prior year, the firm earned $1.21 EPS. j2 Global’s quarterly revenue was up 29.0% on a year-over-year basis. On average, equities analysts forecast that j2 Global, Inc. will post $5.76 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Monday, August 14th were issued a $0.385 dividend. This represents a $1.54 dividend on an annualized basis and a dividend yield of 2.03%. This is a positive change from j2 Global’s previous quarterly dividend of $0.38. The ex-dividend date was Thursday, August 10th. j2 Global’s payout ratio is presently 51.68%.

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).

Institutional Ownership by Quarter for j2 Global (NASDAQ:JCOM)

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