Zurcher Kantonalbank Zurich Cantonalbank Acquires 241 Shares of j2 Global, Inc. (JCOM)

Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of j2 Global, Inc. (NASDAQ:JCOM) by 15.9% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,757 shares of the technology company’s stock after purchasing an additional 241 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in j2 Global were worth $150,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Sage Capital Advisors llc acquired a new position in j2 Global during the second quarter worth $1,409,000. Brookstone Capital Management acquired a new position in j2 Global during the second quarter worth $271,000. Pacer Advisors Inc. boosted its holdings in j2 Global by 11.9% during the second quarter. Pacer Advisors Inc. now owns 5,839 shares of the technology company’s stock worth $497,000 after purchasing an additional 621 shares during the last quarter. Bridge City Capital LLC acquired a new position in j2 Global during the second quarter worth $2,084,000. Finally, Boston Private Wealth LLC boosted its holdings in j2 Global by 17.2% during the second quarter. Boston Private Wealth LLC now owns 7,451 shares of the technology company’s stock worth $634,000 after purchasing an additional 1,091 shares during the last quarter.

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j2 Global, Inc. (NASDAQ JCOM) opened at 73.37 on Wednesday. The company’s 50-day moving average is $75.01 and its 200 day moving average is $82.67. The firm has a market cap of $3.55 billion, a PE ratio of 24.58 and a beta of 0.97. j2 Global, Inc. has a one year low of $62.55 and a one year high of $91.48.

j2 Global (NASDAQ:JCOM) last announced 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). The business had revenue of $273.20 million for the quarter, compared to the consensus estimate of $271.89 million. j2 Global had a net margin of 14.74% and a return on equity of 26.62%. The business’s revenue for the quarter was up 29.0% compared to the same quarter last year. During the same quarter last year, the firm posted $1.21 EPS. Equities analysts anticipate that j2 Global, Inc. will post $5.76 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Monday, August 14th were paid a dividend of $0.385 per share. This represents a $1.54 dividend on an annualized basis and a yield of 2.10%. The ex-dividend date of this dividend was Thursday, August 10th. This is a positive change from j2 Global’s previous quarterly dividend of $0.38. j2 Global’s payout ratio is 51.68%.

Several brokerages recently commented on JCOM. Robert W. Baird restated a “buy” rating and set a $94.00 target price on shares of j2 Global in a report on Friday, September 1st. BidaskClub cut shares of j2 Global from a “buy” rating to a “hold” rating in a report on Wednesday, July 5th. ValuEngine cut shares of j2 Global from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Citigroup Inc. reduced their target price 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. Finally, Zacks Investment Research cut shares of j2 Global from a “hold” rating to a “sell” rating in a report on Wednesday, August 9th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $100.60.

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

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