SG Americas Securities LLC Acquires 12,542 Shares of J2 Global Inc (JCOM)
SG Americas Securities LLC raised its holdings in shares of J2 Global Inc (NASDAQ:JCOM) by 180.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,501 shares of the technology company’s stock after purchasing an additional 12,542 shares during the quarter. SG Americas Securities LLC’s holdings in J2 Global were worth $1,463,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in the business. Advisor Group Inc. increased its stake in J2 Global by 1.7% during the 2nd quarter. Advisor Group Inc. now owns 2,535 shares of the technology company’s stock valued at $195,000 after purchasing an additional 43 shares in the last quarter. Ameritas Investment Partners Inc. increased its stake in J2 Global by 1.8% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 18,502 shares of the technology company’s stock valued at $1,574,000 after purchasing an additional 331 shares in the last quarter. The Manufacturers Life Insurance Company increased its stake in J2 Global by 0.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 105,338 shares of the technology company’s stock valued at $8,964,000 after purchasing an additional 635 shares in the last quarter. Pacer Advisors Inc. increased its stake in J2 Global by 11.6% during the 3rd quarter. Pacer Advisors Inc. now owns 6,514 shares of the technology company’s stock valued at $481,000 after purchasing an additional 675 shares in the last quarter. Finally, Cardinal Capital Management increased its stake in J2 Global by 8.6% during the 3rd quarter. Cardinal Capital Management now owns 9,731 shares of the technology company’s stock valued at $718,000 after purchasing an additional 767 shares in the last quarter.
In other news, CEO Vivek Shah sold 3,000 shares of the company’s stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $77.63, for a total value of $232,890.00. Following the completion of the sale, the chief executive officer now owns 748,232 shares in the company, valued at approximately $58,085,250.16. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 5.15% of the company’s stock.
J2 Global (NASDAQ:JCOM) last posted its earnings results on Tuesday, February 6th. The technology company reported $1.79 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.70 by $0.09. J2 Global had a net margin of 12.47% and a return on equity of 26.82%. The firm had revenue of $316.38 million during the quarter, compared to analyst estimates of $319.00 million. During the same quarter in the prior year, the business posted $1.49 EPS. The business’s revenue was up 25.6% compared to the same quarter last year. research analysts expect that J2 Global Inc will post 5.65 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 9th. Stockholders of record on Thursday, February 22nd will be paid a $0.405 dividend. This is a positive change from J2 Global’s previous quarterly dividend of $0.40. The ex-dividend date is Wednesday, February 21st. This represents a $1.62 annualized dividend and a dividend yield of 2.24%. J2 Global’s dividend payout ratio is presently 55.83%.
A number of analysts have commented on JCOM shares. DA Davidson started coverage on shares of J2 Global in a research note on Friday, February 2nd. They set a “buy” rating and a $95.00 price target for the company. Zacks Investment Research upgraded shares of J2 Global from a “sell” rating to a “hold” rating in a research note on Tuesday, December 19th. William Blair restated an “outperform” rating on shares of J2 Global in a research note on Wednesday. Robert W. Baird boosted their price target on shares of J2 Global from $94.00 to $95.00 and gave the company an “outperform” rating in a research note on Wednesday. Finally, BidaskClub lowered shares of J2 Global from a “hold” rating to a “sell” rating in a research note on Thursday, December 7th. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $100.60.
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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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