Royal Bank of Canada lifted its position in shares of j2 Global, Inc. (NASDAQ:JCOM) by 0.4% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 253,013 shares of the technology company’s stock after purchasing an additional 978 shares during the quarter. Royal Bank of Canada owned about 0.52% of j2 Global worth $21,529,000 as of its most recent filing with the SEC.
Several other large investors have also recently modified their holdings of the company. Alps Advisors Inc. grew its holdings in shares of j2 Global by 0.3% during the 2nd quarter. Alps Advisors Inc. now owns 5,629 shares of the technology company’s stock worth $479,000 after purchasing an additional 15 shares during the period. First Mercantile Trust Co. boosted its holdings in j2 Global by 1.9% in the 2nd quarter. First Mercantile Trust Co. now owns 2,150 shares of the technology company’s stock worth $183,000 after acquiring an additional 40 shares during the period. Advisor Group Inc. boosted its holdings in j2 Global by 1.7% in the 2nd quarter. Advisor Group Inc. now owns 2,535 shares of the technology company’s stock worth $195,000 after acquiring an additional 43 shares during the period. World Asset Management Inc boosted its holdings in j2 Global by 2.0% in the 2nd quarter. World Asset Management Inc now owns 3,025 shares of the technology company’s stock worth $257,000 after acquiring an additional 59 shares during the period. Finally, Chase Investment Counsel Corp boosted its holdings in j2 Global by 1.3% in the 2nd quarter. Chase Investment Counsel Corp now owns 7,271 shares of the technology company’s stock worth $618,000 after acquiring an additional 96 shares during the period.
Shares of j2 Global, Inc. (NASDAQ JCOM) opened at 76.71 on Wednesday. The firm has a market capitalization of $3.71 billion, a price-to-earnings ratio of 25.70 and a beta of 0.94. j2 Global, Inc. has a 12 month low of $62.55 and a 12 month high of $91.48. The firm has a 50-day moving average price of $74.10 and a 200 day moving average price of $81.60.
j2 Global (NASDAQ:JCOM) last issued its quarterly earnings data on Thursday, August 3rd. The technology company reported $1.25 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.31 by ($0.06). j2 Global had a net margin of 14.74% and a return on equity of 26.62%. The business had revenue of $273.20 million during the quarter, compared to the consensus estimate of $271.89 million. During the same quarter in the previous year, the firm posted $1.21 EPS. The company’s revenue for the quarter was up 29.0% compared to the same quarter last year. On average, analysts anticipate that j2 Global, Inc. will post $5.76 EPS for the current fiscal year.
Several research firms have recently commented on JCOM. Zacks Investment Research upgraded j2 Global from a “sell” rating to a “hold” rating in a research note on Wednesday, October 4th. Robert W. Baird reissued a “buy” rating and set a $94.00 price target on shares of j2 Global in a research report on Friday, September 1st. BidaskClub lowered j2 Global from a “buy” rating to a “hold” rating in a research report on Wednesday, July 5th. ValuEngine lowered j2 Global from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Finally, Citigroup Inc. dropped their price target on j2 Global from $89.00 to $88.00 and set a “neutral” rating on the stock in a research report on Monday, August 7th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $101.75.
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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