Jackson Square Partners LLC boosted its position in j2 Global, Inc. (NASDAQ:JCOM) by 2.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,313,375 shares of the technology company’s stock after acquiring an additional 34,787 shares during the period. Jackson Square Partners LLC owned 2.71% of j2 Global worth $97,032,000 at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in j2 Global by 15.9% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,757 shares of the technology company’s stock valued at $150,000 after acquiring an additional 241 shares during the last quarter. First Mercantile Trust Co. boosted its holdings in j2 Global by 1.9% during the second quarter. First Mercantile Trust Co. now owns 2,150 shares of the technology company’s stock worth $183,000 after buying an additional 40 shares during the last quarter. Advisor Group Inc. boosted its holdings in j2 Global by 1.7% during the second quarter. Advisor Group Inc. now owns 2,535 shares of the technology company’s stock worth $195,000 after buying an additional 43 shares during the last quarter. World Asset Management Inc boosted its holdings in j2 Global by 2.0% during the second quarter. World Asset Management Inc now owns 3,025 shares of the technology company’s stock worth $257,000 after buying an additional 59 shares during the last quarter. Finally, Parametrica Management Ltd bought a new position in j2 Global during the third quarter worth about $229,000.
JCOM has been the topic of a number of recent analyst reports. BidaskClub cut j2 Global from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 9th. Zacks Investment Research cut j2 Global from a “hold” rating to a “sell” rating in a report on Wednesday, August 9th. Robert W. Baird restated a “buy” rating and set a $94.00 target price on shares of j2 Global in a report on Friday, September 1st. Finally, ValuEngine cut j2 Global from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $101.75.
j2 Global, Inc. (JCOM) opened at $74.85 on Thursday. The company has a current ratio of 2.79, a quick ratio of 2.79 and a debt-to-equity ratio of 1.02. j2 Global, Inc. has a 1-year low of $71.09 and a 1-year high of $91.48. The stock has a market capitalization of $3,640.83, a PE ratio of 14.66 and a beta of 0.87.
j2 Global (NASDAQ:JCOM) last issued its earnings results on Thursday, November 2nd. The technology company reported $1.34 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.36 by ($0.02). j2 Global had a return on equity of 26.43% and a net margin of 12.60%. The company had revenue of $273.60 million for the quarter, compared to the consensus estimate of $272.84 million. During the same quarter last year, the business posted $1.25 EPS. j2 Global’s quarterly revenue was up 30.2% on a year-over-year basis. sell-side analysts expect that j2 Global, Inc. will post 5.35 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 5th. Stockholders of record on Friday, November 17th were given a dividend of $0.395 per share. The ex-dividend date was Thursday, November 16th. This represents a $1.58 dividend on an annualized basis and a dividend yield of 2.11%. This is a positive change from j2 Global’s previous quarterly dividend of $0.39. j2 Global’s dividend payout ratio (DPR) is currently 58.52%.
In other news, VP Jeremy Rossen sold 2,514 shares of the firm’s stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $74.05, for a total transaction of $186,161.70. Following the sale, the vice president now owns 26,372 shares of the company’s stock, valued at $1,952,846.60. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 5.15% of the company’s stock.
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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