J2 Global Inc (JCOM) Shares Bought by Crossmark Global Holdings Inc.
Crossmark Global Holdings Inc. raised its position in J2 Global Inc (NASDAQ:JCOM) by 3.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 97,574 shares of the technology company’s stock after buying an additional 3,353 shares during the quarter. Crossmark Global Holdings Inc. owned about 0.20% of J2 Global worth $8,084,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently modified their holdings of the business. First Trust Advisors LP raised its stake in shares of J2 Global by 13.5% in the third quarter. First Trust Advisors LP now owns 1,965,705 shares of the technology company’s stock valued at $162,859,000 after buying an additional 234,167 shares during the period. Macquarie Group Ltd. raised its stake in shares of J2 Global by 18.8% in the second quarter. Macquarie Group Ltd. now owns 1,016,872 shares of the technology company’s stock valued at $88,071,000 after buying an additional 161,215 shares during the period. Bank of New York Mellon Corp raised its stake in shares of J2 Global by 3.6% in the second quarter. Bank of New York Mellon Corp now owns 789,890 shares of the technology company’s stock valued at $68,412,000 after buying an additional 27,483 shares during the period. Northern Trust Corp raised its stake in shares of J2 Global by 2.0% in the second quarter. Northern Trust Corp now owns 779,347 shares of the technology company’s stock valued at $67,499,000 after buying an additional 15,330 shares during the period. Finally, Glenmede Trust Co. NA raised its stake in shares of J2 Global by 3.0% in the second quarter. Glenmede Trust Co. NA now owns 717,468 shares of the technology company’s stock valued at $62,140,000 after buying an additional 21,033 shares during the period. Hedge funds and other institutional investors own 98.54% of the company’s stock.
In related news, insider Steve P. Dunn sold 1,052 shares of the business’s stock in a transaction dated Wednesday, August 29th. The stock was sold at an average price of $83.90, for a total transaction of $88,262.80. Following the completion of the transaction, the insider now directly owns 18,416 shares in the company, valued at $1,545,102.40. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Vivek Shah sold 3,000 shares of the business’s stock in a transaction dated Monday, September 17th. The stock was sold at an average price of $82.23, for a total value of $246,690.00. Following the transaction, the chief executive officer now owns 720,830 shares of the company’s stock, valued at $59,273,850.90. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 9,509 shares of company stock worth $752,037. 5.97% of the stock is currently owned by corporate insiders.
J2 Global (NASDAQ:JCOM) last released its quarterly earnings data on Monday, November 5th. The technology company reported $1.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.41 by $0.12. J2 Global had a return on equity of 26.70% and a net margin of 10.86%. The company had revenue of $292.72 million for the quarter, compared to analyst estimates of $295.19 million. Research analysts forecast that J2 Global Inc will post 5.81 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 5th. Investors of record on Monday, November 19th will be paid a dividend of $0.435 per share. This represents a $1.74 dividend on an annualized basis and a dividend yield of 2.39%. This is a positive change from J2 Global’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend is Friday, November 16th. J2 Global’s payout ratio is presently 32.16%.
Several analysts have issued reports on the company. Zacks Investment Research restated a “hold” rating on shares of J2 Global in a research note on Tuesday, November 13th. Robert W. Baird restated a “buy” rating and issued a $92.00 target price on shares of J2 Global in a research note on Monday, August 13th. BidaskClub upgraded J2 Global from a “sell” rating to a “hold” rating in a research note on Wednesday, August 29th. ValuEngine lowered J2 Global from a “hold” rating to a “sell” rating in a research note on Tuesday, November 6th. Finally, Wedbush restated a “buy” rating and issued a $95.00 target price on shares of J2 Global in a research note on Tuesday, November 6th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $93.25.
J2 Global Profile
j2 Global, Inc, together with its subsidiaries, engages in the provision of Internet services worldwide. It operates through two segments, Cloud Services and Digital Media. The Cloud Services segment offers cloud services to sole proprietors, small to medium-sized businesses and enterprises, and government organizations.
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