Brown Advisory Inc. lifted its holdings in j2 Global, Inc. (NASDAQ:JCOM) by 45.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,204 shares of the technology company’s stock after buying an additional 1,947 shares during the period. Brown Advisory Inc.’s holdings in j2 Global were worth $458,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also bought and sold shares of the company. Schwab Charles Investment Management Inc. lifted its stake in shares of j2 Global by 3.5% in the third quarter. Schwab Charles Investment Management Inc. now owns 366,525 shares of the technology company’s stock worth $27,079,000 after buying an additional 12,351 shares in the last quarter. Schroder Investment Management Group lifted its stake in shares of j2 Global by 4.3% in the third quarter. Schroder Investment Management Group now owns 835,311 shares of the technology company’s stock worth $62,005,000 after buying an additional 34,812 shares in the last quarter. Legal & General Group Plc lifted its stake in shares of j2 Global by 12.9% in the third quarter. Legal & General Group Plc now owns 42,475 shares of the technology company’s stock worth $3,141,000 after buying an additional 4,846 shares in the last quarter. Eagle Asset Management Inc. purchased a new position in shares of j2 Global in the third quarter worth about $2,715,000. Finally, AGF Investments Inc. lifted its stake in shares of j2 Global by 47.2% in the third quarter. AGF Investments Inc. now owns 239,084 shares of the technology company’s stock worth $17,664,000 after buying an additional 76,655 shares in the last quarter.
A number of equities analysts have commented on the stock. BidaskClub downgraded shares of j2 Global from a “hold” rating to a “sell” rating in a research note on Thursday. Zacks Investment Research downgraded shares of j2 Global from a “hold” rating to a “sell” rating in a research note on Friday, October 20th. ValuEngine raised shares of j2 Global from a “hold” rating to a “buy” rating in a research note on Wednesday, October 11th. Finally, Robert W. Baird reaffirmed a “buy” rating and set a $94.00 target price on shares of j2 Global in a research note on Friday, September 1st. Two analysts have rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $101.75.
j2 Global, Inc. (NASDAQ:JCOM) opened at $73.21 on Monday. The company has a debt-to-equity ratio of 1.02, a quick ratio of 2.79 and a current ratio of 2.79. j2 Global, Inc. has a 52 week low of $71.09 and a 52 week high of $91.48. The company has a market cap of $3,544.01, a PE ratio of 14.27 and a beta of 0.87.
j2 Global (NASDAQ:JCOM) last issued its earnings results on Thursday, November 2nd. The technology company reported $1.34 EPS for the quarter, missing analysts’ consensus estimates of $1.36 by ($0.02). j2 Global had a return on equity of 26.43% and a net margin of 12.60%. The firm had revenue of $273.60 million for the quarter, compared to analysts’ expectations of $272.84 million. During the same period last year, the firm earned $1.25 earnings per share. j2 Global’s revenue for the quarter was up 30.2% on a year-over-year basis. equities analysts predict that j2 Global, Inc. will post 5.35 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, December 5th. Stockholders of record on Friday, November 17th were paid a $0.395 dividend. This represents a $1.58 dividend on an annualized basis and a dividend yield of 2.16%. This is an increase from j2 Global’s previous quarterly dividend of $0.39. The ex-dividend date of this dividend was Thursday, November 16th. j2 Global’s payout ratio is 58.52%.
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j2 Global Company 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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