Swiss National Bank boosted its position in shares of J2 Global Inc (NASDAQ:JCOM) by 2.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 82,331 shares of the technology company’s stock after purchasing an additional 2,300 shares during the quarter. Swiss National Bank’s holdings in J2 Global were worth $6,177,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently bought and sold shares of JCOM. APG Asset Management N.V. purchased a new stake in J2 Global during the third quarter worth $1,906,000. Raymond James Financial Services Advisors Inc. purchased a new stake in J2 Global during the third quarter worth $250,000. Crossmark Global Holdings Inc. purchased a new stake in J2 Global during the third quarter worth $326,000. Parametrica Management Ltd purchased a new stake in J2 Global during the third quarter worth $229,000. Finally, Adams Diversified Equity Fund Inc. purchased a new stake in J2 Global during the third quarter worth $983,000.
In other news, CEO Vivek Shah sold 3,000 shares of the company’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $76.59, for a total value of $229,770.00. Following the sale, the chief executive officer now directly owns 745,232 shares in the company, valued at $57,077,318.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 5.15% of the stock is owned by corporate insiders.
Shares of J2 Global Inc (NASDAQ JCOM) opened at $78.03 on Tuesday. The company has a debt-to-equity ratio of 0.98, a current ratio of 2.34 and a quick ratio of 2.79. J2 Global Inc has a 12-month low of $70.27 and a 12-month high of $91.48. The stock has a market capitalization of $3,756.04, a price-to-earnings ratio of 27.57, a PEG ratio of 1.75 and a beta of 0.89.
J2 Global (NASDAQ:JCOM) last issued its quarterly earnings data on Tuesday, February 6th. The technology company reported $1.79 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.70 by $0.09. J2 Global had a return on equity of 26.82% and a net margin of 12.47%. The business had revenue of $316.38 million for the quarter, compared to the consensus estimate of $319.00 million. During the same period in the prior year, the business earned $1.49 earnings per share. The business’s revenue was up 25.6% on a year-over-year basis. sell-side analysts anticipate that J2 Global Inc will post 5.55 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 9th. Stockholders of record on Thursday, February 22nd will be given a $0.405 dividend. This is an increase from J2 Global’s previous quarterly dividend of $0.40. This represents a $1.62 annualized dividend and a dividend yield of 2.08%. The ex-dividend date is Wednesday, February 21st. J2 Global’s dividend payout ratio is currently 57.24%.
J2 Global 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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