J2 Global Inc (NASDAQ:JCOM) Shares Bought by Bridge City Capital LLC

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Bridge City Capital LLC increased its holdings in J2 Global Inc (NASDAQ:JCOM) by 27.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 37,241 shares of the technology company’s stock after buying an additional 8,081 shares during the quarter. J2 Global comprises approximately 1.5% of Bridge City Capital LLC’s investment portfolio, making the stock its 19th largest holding. Bridge City Capital LLC owned 0.08% of J2 Global worth $3,382,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of JCOM. Point72 Asset Management L.P. acquired a new position in J2 Global in the 2nd quarter worth approximately $27,000. Whittier Trust Co. increased its holdings in J2 Global by 78.9% in the 3rd quarter. Whittier Trust Co. now owns 322 shares of the technology company’s stock worth $29,000 after buying an additional 142 shares during the period. Truvestments Capital LLC increased its holdings in J2 Global by 258.9% in the 2nd quarter. Truvestments Capital LLC now owns 402 shares of the technology company’s stock worth $36,000 after buying an additional 290 shares during the period. Harel Insurance Investments & Financial Services Ltd. acquired a new position in J2 Global in the 2nd quarter worth approximately $44,000. Finally, Quantamental Technologies LLC acquired a new position in J2 Global in the 2nd quarter worth approximately $50,000.

J2 Global stock opened at $94.14 on Wednesday. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 1.09. J2 Global Inc has a 12 month low of $65.07 and a 12 month high of $96.53. The stock’s 50 day simple moving average is $91.05 and its two-hundred day simple moving average is $87.73. The firm has a market cap of $4.65 billion, a PE ratio of 15.90 and a beta of 0.80.

J2 Global (NASDAQ:JCOM) last released its quarterly earnings data on Tuesday, August 6th. The technology company reported $1.47 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.42 by $0.05. J2 Global had a return on equity of 28.85% and a net margin of 11.61%. The business had revenue of $322.43 million for the quarter, compared to analyst estimates of $320.25 million. During the same quarter in the prior year, the firm posted $1.50 EPS. The business’s quarterly revenue was up 12.0% compared to the same quarter last year. On average, equities research analysts forecast that J2 Global Inc will post 6.63 EPS for the current year.

In other J2 Global news, Director W Brian Kretzmer sold 1,800 shares of the company’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $87.03, for a total value of $156,654.00. Following the sale, the director now owns 7,256 shares in the company, valued at approximately $631,489.68. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Jeremy Rossen sold 2,617 shares of the company’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $83.50, for a total value of $218,519.50. Following the completion of the sale, the vice president now owns 32,440 shares in the company, valued at approximately $2,708,740. The disclosure for this sale can be found here. Corporate insiders own 5.90% of the company’s stock.

Several equities analysts recently weighed in on the stock. JMP Securities reiterated a “market outperform” rating and issued a $105.00 price target (up previously from $100.00) on shares of J2 Global in a report on Thursday, October 3rd. Sidoti increased their price target on shares of J2 Global from $110.00 to $116.00 and gave the stock a “buy” rating in a report on Friday, September 6th. BidaskClub upgraded shares of J2 Global from a “buy” rating to a “strong-buy” rating in a report on Saturday, October 12th. Zacks Investment Research upgraded shares of J2 Global from a “hold” rating to a “buy” rating and set a $99.00 price target on the stock in a report on Friday, October 11th. Finally, ValuEngine downgraded shares of J2 Global from a “hold” rating to a “sell” rating in a report on Wednesday, October 2nd. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $105.00.

J2 Global Company Profile

j2 Global, Inc, together with its subsidiaries, provides Internet services worldwide. It operates through three segments: Fax and Email Marketing; Voice, Backup, and Security; and Digital Media. The company offers cloud services to sole proprietors, small to medium-sized businesses and enterprises, and government organizations.

See Also: Straddles

Institutional Ownership by Quarter for J2 Global (NASDAQ:JCOM)

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