Aperio Group LLC raised its holdings in J2 Global Inc (NASDAQ:JCOM) by 2.2% during the fourth quarter, Holdings Channel reports. The institutional investor owned 42,080 shares of the technology company’s stock after buying an additional 909 shares during the quarter. Aperio Group LLC’s holdings in J2 Global were worth $3,157,000 at the end of the most recent quarter.
Other hedge funds have also modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of J2 Global by 47.3% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,588 shares of the technology company’s stock worth $194,000 after buying an additional 831 shares during the last quarter. Parametrica Management Ltd bought a new stake in shares of J2 Global in the 3rd quarter worth approximately $229,000. Raymond James Financial Services Advisors Inc. bought a new stake in shares of J2 Global in the 3rd quarter worth approximately $250,000. Eqis Capital Management Inc. bought a new stake in shares of J2 Global in the 3rd quarter worth approximately $298,000. Finally, First Republic Investment Management Inc. grew its position in shares of J2 Global by 46.3% in the 3rd quarter. First Republic Investment Management Inc. now owns 4,173 shares of the technology company’s stock worth $309,000 after buying an additional 1,321 shares during the last quarter.
JCOM has been the topic of a number of recent analyst reports. Zacks Investment Research lowered J2 Global from a “hold” rating to a “strong sell” rating in a research report on Monday, February 12th. DA Davidson began coverage on J2 Global in a research report on Friday, February 2nd. They set a “buy” rating and a $95.00 price target on the stock. BidaskClub lowered J2 Global from a “hold” rating to a “sell” rating in a research report on Thursday, December 7th. Robert W. Baird lifted their price target on J2 Global from $94.00 to $95.00 and gave the company an “outperform” rating in a research report on Wednesday, February 7th. Finally, William Blair restated an “outperform” rating on shares of J2 Global in a research report on Wednesday, February 7th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $99.50.
Shares of J2 Global Inc (JCOM) opened at $77.38 on Monday. The company has a debt-to-equity ratio of 0.98, a quick ratio of 2.79 and a current ratio of 2.34. J2 Global Inc has a 1 year low of $70.27 and a 1 year high of $91.48. The firm has a market capitalization of $3,750.00, a P/E ratio of 27.25, a P/E/G ratio of 1.74 and a beta of 0.89.
J2 Global (NASDAQ:JCOM) last released its quarterly earnings results on Tuesday, February 6th. The technology company reported $1.79 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.70 by $0.09. J2 Global had a return on equity of 26.82% and a net margin of 12.47%. The company had revenue of $316.38 million for the quarter, compared to analyst estimates of $319.00 million. During the same period in the previous year, the company posted $1.49 earnings per share. The firm’s revenue was up 25.6% on a year-over-year basis. research analysts predict that J2 Global Inc will post 5.55 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 9th. Investors of record on Thursday, February 22nd will be given a dividend of $0.405 per share. The ex-dividend date of this dividend is Wednesday, February 21st. This is a positive change from J2 Global’s previous quarterly dividend of $0.40. This represents a $1.62 annualized dividend and a dividend yield of 2.09%. J2 Global’s payout ratio is currently 55.63%.
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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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