Jackson Square Partners LLC lifted its holdings in shares of J2 Global Inc (NASDAQ:JCOM) by 2.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,313,375 shares of the technology company’s stock after purchasing an additional 34,787 shares during the quarter. Jackson Square Partners LLC owned approximately 2.71% of J2 Global worth $97,032,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. AMP Capital Investors Ltd boosted its holdings in J2 Global by 42.5% in the 3rd quarter. AMP Capital Investors Ltd now owns 28,352 shares of the technology company’s stock valued at $2,094,000 after purchasing an additional 8,452 shares during the period. Royce & Associates LP raised its stake in shares of J2 Global by 4.8% in the 3rd quarter. Royce & Associates LP now owns 237,999 shares of the technology company’s stock valued at $17,583,000 after buying an additional 11,000 shares in the last quarter. Stifel Financial Corp raised its stake in shares of J2 Global by 7.2% in the 3rd quarter. Stifel Financial Corp now owns 301,010 shares of the technology company’s stock valued at $22,293,000 after buying an additional 20,151 shares in the last quarter. Brown Advisory Inc. raised its stake in shares of J2 Global by 45.7% in the 3rd quarter. Brown Advisory Inc. now owns 6,204 shares of the technology company’s stock valued at $458,000 after buying an additional 1,947 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. raised its stake in shares of J2 Global by 3.5% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 366,525 shares of the technology company’s stock valued at $27,079,000 after buying an additional 12,351 shares in the last quarter.
A number of equities research analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of J2 Global from a “sell” rating to a “hold” rating in a research report on Tuesday, December 19th. BidaskClub cut shares of J2 Global from a “hold” rating to a “sell” rating in a research report on Thursday, December 7th. ValuEngine upgraded shares of J2 Global from a “hold” rating to a “buy” rating in a research report on Wednesday, October 11th. Finally, Robert W. Baird reaffirmed a “buy” rating and issued a $94.00 target price on shares of J2 Global in a research note on Friday, September 1st. 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 currently has an average rating of “Hold” and a consensus price target of $101.75.
Shares of J2 Global Inc (NASDAQ:JCOM) traded up $0.29 on Friday, reaching $75.03. 265,917 shares of the company’s stock were exchanged, compared to its average volume of 304,527. 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 1 year low of $71.09 and a 1 year high of $91.48. The company has a market capitalization of $3,618.08, a price-to-earnings ratio of 27.79 and a beta of 0.87.
J2 Global (NASDAQ:JCOM) last posted its quarterly earnings data on Thursday, November 2nd. The technology company reported $1.34 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.36 by ($0.02). J2 Global had a net margin of 12.60% and a return on equity of 26.43%. The business had revenue of $273.60 million during the quarter, compared to analyst estimates of $272.84 million. During the same quarter last year, the business earned $1.25 earnings per share. J2 Global’s revenue for the quarter was up 30.2% on a year-over-year basis. research analysts forecast that J2 Global Inc will post 5.35 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, December 5th. Investors of record on Friday, November 17th were issued a dividend of $0.395 per share. This represents a $1.58 dividend on an annualized basis and a yield of 2.11%. This is an increase from J2 Global’s previous quarterly dividend of $0.39. The ex-dividend date was Thursday, November 16th. J2 Global’s payout ratio is presently 58.52%.
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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