Dimensional Fund Advisors LP lessened its holdings in J2 Global Inc (NASDAQ:JCOM) by 0.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 794,840 shares of the technology company’s stock after selling 6,706 shares during the period. Dimensional Fund Advisors LP owned 1.64% of J2 Global worth $58,723,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also bought and sold shares of JCOM. FMR LLC raised its stake in J2 Global by 19.9% in the 2nd quarter. FMR LLC now owns 6,055,030 shares of the technology company’s stock valued at $515,222,000 after acquiring an additional 1,004,664 shares during the period. Koch Industries Inc. grew its holdings in J2 Global by 15,945.3% in the 2nd quarter. Koch Industries Inc. now owns 835,159 shares of the technology company’s stock valued at $825,000 after buying an additional 829,954 shares in the last quarter. Nordea Investment Management AB grew its holdings in J2 Global by 3,312.3% in the 2nd quarter. Nordea Investment Management AB now owns 651,653 shares of the technology company’s stock valued at $55,449,000 after buying an additional 632,556 shares in the last quarter. Janus Henderson Group PLC grew its holdings in J2 Global by 283.8% in the 2nd quarter. Janus Henderson Group PLC now owns 831,287 shares of the technology company’s stock valued at $70,734,000 after buying an additional 614,707 shares in the last quarter. Finally, Principal Financial Group Inc. grew its holdings in J2 Global by 14.0% in the 3rd quarter. Principal Financial Group Inc. now owns 1,475,529 shares of the technology company’s stock valued at $109,013,000 after buying an additional 181,704 shares in the last quarter.
A number of brokerages have commented on JCOM. ValuEngine raised J2 Global from a “hold” rating to a “buy” rating in a report on Wednesday, October 11th. Zacks Investment Research raised J2 Global from a “sell” rating to a “hold” rating in a report on Tuesday, December 19th. Finally, BidaskClub lowered J2 Global from a “hold” rating to a “sell” rating in a report on Thursday, December 7th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $101.75.
J2 Global Inc (NASDAQ:JCOM) opened at $75.03 on Tuesday. The company has a quick ratio of 2.79, a current ratio of 2.79 and a debt-to-equity ratio of 1.02. J2 Global Inc has a 1-year low of $71.09 and a 1-year high of $91.48. The company has a market capitalization of $3,620.00, a price-to-earnings ratio of 27.79 and a beta of 0.87.
J2 Global (NASDAQ:JCOM) last issued its quarterly earnings data 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 net margin of 12.60% and a return on equity of 26.43%. The firm had revenue of $273.60 million during the quarter, compared to analyst estimates of $272.84 million. During the same period in the prior year, the company earned $1.25 earnings per share. The business’s quarterly revenue was up 30.2% compared to the same quarter last year. equities research analysts predict that J2 Global Inc will post 5.35 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 5th. Shareholders of record on Friday, November 17th were issued a $0.395 dividend. This represents a $1.58 dividend on an annualized basis and a yield of 2.11%. This is a positive change from J2 Global’s previous quarterly dividend of $0.39. The ex-dividend date of this dividend was Thursday, November 16th. J2 Global’s dividend payout ratio is currently 58.52%.
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About J2 Global
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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