BidaskClub downgraded shares of j2 Global (NASDAQ:JCOM) from a hold rating to a sell rating in a research report released on Thursday morning.
Several other equities analysts also recently issued reports on the stock. Zacks Investment Research downgraded shares of j2 Global from a hold rating to a sell rating in a report on Friday, October 20th. ValuEngine raised shares of j2 Global from a hold rating to a buy rating in a report on Wednesday, October 11th. Finally, Robert W. Baird reaffirmed a buy rating and set a $94.00 price objective on shares of j2 Global in a report on Friday, September 1st. Two analysts have rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of Hold and an average target price of $101.75.
j2 Global (NASDAQ JCOM) traded down $1.65 on Thursday, reaching $73.21. 381,220 shares of the company’s stock traded hands, compared to its average volume of 364,031. The company has a current ratio of 2.79, a quick ratio of 2.79 and a debt-to-equity ratio of 1.02. The stock has a market capitalization of $3,623.40, a P/E ratio of 14.59 and a beta of 0.87. j2 Global has a fifty-two week low of $71.09 and a fifty-two week high of $91.48.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 5th. Shareholders of record on Friday, November 17th were issued a dividend of $0.395 per share. This represents a $1.58 annualized dividend and a yield of 2.16%. This is an increase 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 (DPR) is presently 58.52%.
In other news, VP Jeremy Rossen sold 2,514 shares of the stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $74.05, for a total value of $186,161.70. Following the completion of the sale, the vice president now directly owns 26,372 shares in the company, valued at $1,952,846.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 5.15% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of JCOM. FMR LLC increased its position in j2 Global by 19.9% during the second quarter. FMR LLC now owns 6,055,030 shares of the technology company’s stock worth $515,222,000 after purchasing an additional 1,004,664 shares during the last quarter. Koch Industries Inc. increased its position in shares of j2 Global by 15,945.3% during the second quarter. Koch Industries Inc. now owns 835,159 shares of the technology company’s stock valued at $825,000 after acquiring an additional 829,954 shares during the last quarter. Nordea Investment Management AB increased its position in shares of j2 Global by 3,312.3% during the second quarter. Nordea Investment Management AB now owns 651,653 shares of the technology company’s stock valued at $55,449,000 after acquiring an additional 632,556 shares during the last quarter. Janus Henderson Group PLC increased its position in shares of j2 Global by 283.8% during the second quarter. Janus Henderson Group PLC now owns 831,287 shares of the technology company’s stock valued at $70,734,000 after acquiring an additional 614,707 shares during the last quarter. Finally, Principal Financial Group Inc. increased its position in shares of j2 Global by 88.1% during the second quarter. Principal Financial Group Inc. now owns 1,293,825 shares of the technology company’s stock valued at $110,092,000 after acquiring an additional 606,091 shares during the last quarter.
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).
Receive News & Ratings for j2 Global Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for j2 Global Inc. and related companies with MarketBeat.com's FREE daily email newsletter.