Duality Advisers LP acquired a new position in J2 Global Inc (NASDAQ:JCOM) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 19,245 shares of the technology company’s stock, valued at approximately $1,216,000.
Several other large investors have also added to or reduced their stakes in JCOM. William Blair Investment Management LLC lifted its position in J2 Global by 4.8% during the first quarter. William Blair Investment Management LLC now owns 2,590,038 shares of the technology company’s stock valued at $193,864,000 after purchasing an additional 119,082 shares during the period. Janus Henderson Group PLC lifted its holdings in shares of J2 Global by 2.5% in the 1st quarter. Janus Henderson Group PLC now owns 1,746,005 shares of the technology company’s stock valued at $130,688,000 after buying an additional 42,336 shares during the period. First Trust Advisors LP boosted its stake in shares of J2 Global by 8.3% in the first quarter. First Trust Advisors LP now owns 1,250,356 shares of the technology company’s stock worth $93,589,000 after buying an additional 95,785 shares during the last quarter. Macquarie Group Ltd. grew its holdings in J2 Global by 9.0% during the fourth quarter. Macquarie Group Ltd. now owns 1,106,870 shares of the technology company’s stock worth $103,724,000 after acquiring an additional 91,386 shares during the period. Finally, Geode Capital Management LLC raised its position in J2 Global by 4.7% during the first quarter. Geode Capital Management LLC now owns 761,300 shares of the technology company’s stock valued at $57,027,000 after acquiring an additional 33,832 shares in the last quarter.
A number of equities research analysts have recently commented on JCOM shares. Wedbush dropped their price objective on shares of J2 Global from $110.00 to $100.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 13th. Barclays dropped their price target on shares of J2 Global from $84.00 to $79.00 and set an “equal weight” rating on the stock in a research report on Monday, July 20th. ValuEngine downgraded shares of J2 Global from a “hold” rating to a “sell” rating in a research report on Friday, May 1st. BidaskClub cut J2 Global from a “sell” rating to a “strong sell” rating in a research report on Wednesday, July 8th. Finally, JPMorgan Chase & Co. reduced their price target on J2 Global from $105.00 to $100.00 and set an “overweight” rating for the company in a report on Thursday, May 14th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $100.92.
NASDAQ:JCOM opened at $56.72 on Friday. The stock has a 50 day moving average of $63.69 and a two-hundred day moving average of $78.38. J2 Global Inc has a 12 month low of $53.24 and a 12 month high of $104.57. The firm has a market cap of $2.71 billion, a P/E ratio of 15.76, a price-to-earnings-growth ratio of 1.12 and a beta of 0.72. The company has a current ratio of 2.12, a quick ratio of 2.12 and a debt-to-equity ratio of 1.25.
J2 Global (NASDAQ:JCOM) last issued its quarterly earnings results on Monday, May 11th. The technology company reported $1.40 earnings per share (EPS) for the quarter, topping the Zacks’ 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 firm had revenue of $332.40 million for the quarter, compared to analyst estimates of $331.36 million. During the same period in the previous year, the company posted $1.40 earnings per share. The business’s revenue was up 10.8% on a year-over-year basis. On average, research analysts forecast that J2 Global Inc will post 6.35 earnings per share for the current year.
J2 Global 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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