Insider Buying: J2 Global (JCOM) Director Buys $24,946.48 in Stock

J2 Global (NASDAQ:JCOM) Director Sarah Ann Fay acquired 289 shares of the stock in a transaction dated Monday, May 21st. The stock was acquired at an average price of $86.32 per share, for a total transaction of $24,946.48. Following the purchase, the director now directly owns 3,020 shares in the company, valued at $260,686.40. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Sarah Ann Fay also recently made the following trade(s):

  • On Wednesday, March 14th, Sarah Ann Fay acquired 296 shares of J2 Global stock. The stock was acquired at an average price of $84.14 per share, for a total transaction of $24,905.44.

J2 Global traded up $0.16, reaching $86.66, on Friday, according to MarketBeat Ratings. 2,563 shares of the stock were exchanged, compared to its average volume of 376,291. J2 Global has a one year low of $70.27 and a one year high of $90.90. The stock has a market cap of $4.26 billion, a price-to-earnings ratio of 16.01, a PEG ratio of 1.94 and a beta of 0.84. The company has a current ratio of 2.22, a quick ratio of 2.22 and a debt-to-equity ratio of 0.97.

J2 Global (NASDAQ:JCOM) last released its earnings results on Monday, May 7th. The technology company reported $1.22 EPS for the quarter, topping analysts’ consensus estimates of $1.20 by $0.02. J2 Global had a net margin of 11.58% and a return on equity of 26.09%. The company had revenue of $280.62 million for the quarter, compared to analysts’ expectations of $274.66 million. During the same quarter last year, the business earned $0.41 EPS. sell-side analysts forecast that J2 Global will post 5.59 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, June 1st. Shareholders of record on Friday, May 18th will be paid a dividend of $0.415 per share. This is a boost from J2 Global’s previous quarterly dividend of $0.41. The ex-dividend date is Thursday, May 17th. This represents a $1.66 dividend on an annualized basis and a yield of 1.92%. J2 Global’s dividend payout ratio (DPR) is presently 30.68%.

Several equities analysts have recently weighed in on the stock. BidaskClub cut shares of J2 Global from a “strong-buy” rating to a “buy” rating in a research note on Thursday, May 17th. William Blair reiterated an “outperform” rating on shares of J2 Global in a research note on Wednesday, February 7th. Zacks Investment Research upgraded shares of J2 Global from a “sell” rating to a “hold” rating in a research note on Wednesday, April 11th. ValuEngine cut shares of J2 Global from a “buy” rating to a “hold” rating in a research note on Thursday, March 1st. Finally, Robert W. Baird raised their target price on shares of J2 Global from $94.00 to $95.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 7th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. J2 Global currently has an average rating of “Buy” and a consensus target price of $94.33.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in J2 Global by 47.3% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,588 shares of the technology company’s stock worth $194,000 after acquiring an additional 831 shares during the period. Hsbc Holdings PLC bought a new stake in J2 Global during the 1st quarter worth approximately $213,000. Oppenheimer & Co. Inc. bought a new stake in J2 Global during the 4th quarter worth approximately $210,000. Parametrica Management Ltd bought a new stake in shares of J2 Global during the first quarter valued at approximately $224,000. Finally, Wolverine Asset Management LLC bought a new stake in shares of J2 Global during the fourth quarter valued at approximately $222,000. Institutional investors own 98.95% of the company’s stock.

About J2 Global

j2 Global, Inc, together with its subsidiaries, engages in the provision of Internet services worldwide. It operates through two segments, Cloud Services and Digital Media. The Cloud Services segment offers cloud services to sole proprietors, small to medium-sized businesses and enterprises, and government organizations.

Insider Buying and Selling by Quarter for J2 Global (NASDAQ:JCOM)

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