J2 Global (NASDAQ:JCOM) had its price target boosted by Robert W. Baird from $94.00 to $95.00 in a report issued on Wednesday. Robert W. Baird currently has an outperform rating on the technology company’s stock.
JCOM has been the topic of a number of other research reports. DA Davidson assumed coverage on shares of J2 Global in a research note on Friday, February 2nd. They set a buy rating and a $95.00 price objective on the stock. ValuEngine raised shares of J2 Global from a hold rating to a buy rating in a research note on Wednesday, October 11th. Zacks Investment Research raised shares of J2 Global from a sell rating to a hold rating in a research note on Tuesday, December 19th. Finally, BidaskClub cut shares of J2 Global from a hold rating to a sell rating in a research note on Thursday, December 7th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the company’s stock. The company presently has an average rating of Buy and a consensus target price of $100.60.
J2 Global (NASDAQ:JCOM) opened at $74.80 on Wednesday. J2 Global has a 1 year low of $71.09 and a 1 year high of $91.48. The company has a debt-to-equity ratio of 1.02, a quick ratio of 2.79 and a current ratio of 2.79. The stock has a market cap of $3,591.94, a P/E ratio of 26.43, a price-to-earnings-growth ratio of 1.59 and a beta of 0.89.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 9th. Stockholders of record on Thursday, February 22nd will be paid a dividend of $0.405 per share. This is a boost from J2 Global’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Wednesday, February 21st. This represents a $1.62 dividend on an annualized basis and a dividend yield of 2.17%. J2 Global’s dividend payout ratio (DPR) is presently 55.83%.
In other news, CEO Vivek Shah sold 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $77.63, for a total transaction of $232,890.00. Following the sale, the chief executive officer now owns 748,232 shares of the company’s stock, valued at approximately $58,085,250.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 5.15% of the stock is owned by company insiders.
A number of institutional investors have recently added to or reduced their stakes in the stock. Advisor Group Inc. grew its stake in J2 Global by 1.7% in the 2nd quarter. Advisor Group Inc. now owns 2,535 shares of the technology company’s stock valued at $195,000 after acquiring an additional 43 shares during the period. Ameritas Investment Partners Inc. grew its stake in J2 Global by 1.8% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 18,502 shares of the technology company’s stock valued at $1,574,000 after acquiring an additional 331 shares during the period. The Manufacturers Life Insurance Company grew its stake in J2 Global by 0.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 105,338 shares of the technology company’s stock valued at $8,964,000 after acquiring an additional 635 shares during the period. Pacer Advisors Inc. grew its stake in J2 Global by 11.6% in the 3rd quarter. Pacer Advisors Inc. now owns 6,514 shares of the technology company’s stock valued at $481,000 after acquiring an additional 675 shares during the period. Finally, Cardinal Capital Management grew its stake in J2 Global by 8.6% in the 3rd quarter. Cardinal Capital Management now owns 9,731 shares of the technology company’s stock valued at $718,000 after acquiring an additional 767 shares during the period.
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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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