Parametrica Management Ltd Invests $341,000 in j2 Global Inc. (JCOM)
Parametrica Management Ltd acquired a new stake in j2 Global Inc. (NASDAQ:JCOM) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,399 shares of the company’s stock, valued at approximately $341,000.
Other large investors have also bought and sold shares of the company. Acrospire Investment Management LLC acquired a new stake in j2 Global during the first quarter valued at approximately $111,000. LS Investment Advisors LLC boosted its position in shares of j2 Global by 73.7% in the second quarter. LS Investment Advisors LLC now owns 2,799 shares of the company’s stock valued at $177,000 after buying an additional 1,188 shares during the period. Mount Lucas Management LP boosted its position in shares of j2 Global by 10.7% in the first quarter. Mount Lucas Management LP now owns 3,747 shares of the company’s stock valued at $231,000 after buying an additional 363 shares during the period. Fox Run Management L.L.C. purchased a new position in shares of j2 Global during the second quarter valued at about $253,000. Finally, Bayesian Capital Management LP purchased a new position in shares of j2 Global during the first quarter valued at about $377,000.
j2 Global Inc. (NASDAQ:JCOM) traded down 0.28% on Friday, hitting $68.11. 613,013 shares of the stock traded hands. The firm has a 50-day moving average price of $67.81 and a 200-day moving average price of $65.12. The company has a market capitalization of $3.27 billion, a PE ratio of 24.51 and a beta of 1.21. j2 Global Inc. has a 12 month low of $55.43 and a 12 month high of $84.15.
j2 Global (NASDAQ:JCOM) last posted its quarterly earnings results on Wednesday, August 3rd. The company reported $1.21 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.15 by $0.06. The company had revenue of $211.80 million for the quarter, compared to the consensus estimate of $206.41 million. j2 Global had a net margin of 17.16% and a return on equity of 24.28%. The firm’s revenue was up 20.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.99 EPS. Analysts forecast that j2 Global Inc. will post $4.90 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, September 1st. Shareholders of record on Wednesday, August 17th were issued a dividend of $0.345 per share. This represents a $1.38 annualized dividend and a yield of 2.03%. This is a boost from j2 Global’s previous quarterly dividend of $0.34. The ex-dividend date of this dividend was Monday, August 15th. j2 Global’s dividend payout ratio is presently 49.46%.
Several research analysts have issued reports on JCOM shares. Robert W. Baird started coverage on shares of j2 Global in a report on Tuesday, August 30th. They issued an “outperform” rating and a $83.00 target price for the company. Citigroup Inc. reaffirmed a “buy” rating and issued a $73.00 target price on shares of j2 Global in a report on Wednesday, August 17th. Finally, Zacks Investment Research raised shares of j2 Global from a “hold” rating to a “buy” rating and set a $78.00 target price for the company in a report on Friday, August 5th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. j2 Global has a consensus rating of “Buy” and an average price target of $85.17.
In other j2 Global news, Director W Brian Kretzmer sold 6,600 shares of the stock in a transaction dated Tuesday, August 30th. The shares were sold at an average price of $67.95, for a total transaction of $448,470.00. Following the transaction, the director now directly owns 14,897 shares in the company, valued at approximately $1,012,251.15. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Jeremy Rossen sold 1,014 shares of the stock in a transaction dated Thursday, August 25th. The stock was sold at an average price of $67.01, for a total transaction of $67,948.14. Following the transaction, the vice president now owns 24,708 shares in the company, valued at $1,655,683.08. The disclosure for this sale can be found here. Company insiders own 5.11% of the company’s stock.
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).
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