SG Americas Securities LLC Raises Stake in J2 Global Inc (NASDAQ:JCOM)

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SG Americas Securities LLC boosted its stake in J2 Global Inc (NASDAQ:JCOM) by 9.2% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 14,356 shares of the technology company’s stock after acquiring an additional 1,207 shares during the quarter. SG Americas Securities LLC’s holdings in J2 Global were worth $907,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Vident Investment Advisory LLC raised its position in shares of J2 Global by 10.3% in the 2nd quarter. Vident Investment Advisory LLC now owns 23,867 shares of the technology company’s stock valued at $1,508,000 after purchasing an additional 2,228 shares in the last quarter. Raymond James Financial Services Advisors Inc. acquired a new position in shares of J2 Global in the 2nd quarter valued at approximately $844,000. Cardinal Capital Management raised its position in shares of J2 Global by 7.3% in the 2nd quarter. Cardinal Capital Management now owns 9,207 shares of the technology company’s stock valued at $581,000 after purchasing an additional 624 shares in the last quarter. Exchange Traded Concepts LLC acquired a new stake in shares of J2 Global during the 2nd quarter valued at approximately $241,000. Finally, Envestnet Asset Management Inc. raised its position in shares of J2 Global by 18.3% during the 2nd quarter. Envestnet Asset Management Inc. now owns 18,679 shares of the technology company’s stock valued at $1,181,000 after acquiring an additional 2,892 shares in the last quarter.

Several equities research analysts recently issued reports on the company. Susquehanna Bancshares dropped their price target on J2 Global from $130.00 to $120.00 in a research report on Wednesday, May 13th. JPMorgan Chase & Co. dropped their price target on J2 Global from $105.00 to $100.00 and set an “overweight” rating on the stock in a research report on Thursday, May 14th. JMP Securities dropped their price target on J2 Global from $105.00 to $98.00 and set a “market outperform” rating on the stock in a research report on Wednesday, May 13th. Wedbush dropped their target price on J2 Global from $110.00 to $100.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 13th. Finally, BidaskClub lowered J2 Global from a “sell” rating to a “strong sell” rating in a research report on Wednesday, July 8th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and nine have issued a buy rating to the stock. J2 Global currently has an average rating of “Buy” and an average price target of $100.92.

NASDAQ:JCOM opened at $56.72 on Friday. J2 Global Inc has a 1 year low of $53.24 and a 1 year high of $104.57. The stock has a market cap of $2.68 billion, a price-to-earnings ratio of 15.76, a PEG ratio of 1.11 and a beta of 0.72. The business has a fifty day moving average of $63.69 and a 200-day moving average of $78.38. The company has a debt-to-equity ratio of 1.25, a quick ratio of 2.12 and a current ratio of 2.12.

J2 Global (NASDAQ:JCOM) last released its quarterly earnings results on Monday, May 11th. The technology company reported $1.40 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.35 by $0.05. J2 Global had a return on equity of 27.28% and a net margin of 12.81%. The company had revenue of $332.40 million during the quarter, compared to analysts’ expectations of $331.36 million. During the same quarter in the prior year, the business posted $1.40 earnings per share. The company’s revenue for the quarter was up 10.8% compared to the same quarter last year. On average, equities research analysts predict that J2 Global Inc will post 6.35 EPS for the current year.

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.

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

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