J2 Global (JCOM) PT Raised to $95.00

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.

J2 Global (NASDAQ:JCOM) last posted its quarterly earnings results on Tuesday, February 6th. The technology company reported $1.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.70 by $0.09. J2 Global had a net margin of 12.47% and a return on equity of 27.28%. The company had revenue of $316.38 million during the quarter, compared to analyst estimates of $319.00 million. During the same period last year, the firm posted $1.49 EPS. J2 Global’s revenue for the quarter was up 25.6% compared to the same quarter last year. equities analysts predict that J2 Global will post 5.84 earnings per share for the current fiscal year.

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).

Analyst Recommendations for J2 Global (NASDAQ:JCOM)

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