J2 Global Inc (NASDAQ:JCOM) CEO Vivek Shah sold 3,000 shares of the stock in a transaction on Thursday, March 15th. The shares were sold at an average price of $82.90, for a total transaction of $248,700.00. Following the completion of the sale, the chief executive officer now directly owns 742,232 shares of the company’s stock, valued at $61,531,032.80. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Vivek Shah also recently made the following trade(s):

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  • On Thursday, February 15th, Vivek Shah sold 3,000 shares of J2 Global stock. The shares were sold at an average price of $76.59, for a total transaction of $229,770.00.
  • On Tuesday, January 16th, Vivek Shah sold 3,000 shares of J2 Global stock. The shares were sold at an average price of $77.63, for a total transaction of $232,890.00.

Shares of J2 Global Inc (NASDAQ JCOM) traded up $0.16 during trading on Friday, reaching $83.06. 815,283 shares of the company’s stock were exchanged, compared to its average volume of 321,809. J2 Global Inc has a 12-month low of $70.27 and a 12-month high of $91.48. The company has a market cap of $4,070.02, a P/E ratio of 29.35, a PEG ratio of 1.87 and a beta of 0.94. The company has a current ratio of 2.34, a quick ratio of 2.34 and a debt-to-equity ratio of 0.98.

J2 Global (NASDAQ:JCOM) last announced its quarterly earnings data on Tuesday, February 6th. The technology company reported $1.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.70 by $0.09. J2 Global had a net margin of 12.47% and a return on equity of 26.82%. The company had revenue of $316.38 million during the quarter, compared to analysts’ expectations of $319.00 million. During the same quarter in the prior year, the company posted $1.49 EPS. The business’s revenue was up 25.6% on a year-over-year basis. analysts forecast that J2 Global Inc will post 5.55 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 9th. Stockholders of record on Thursday, February 22nd were paid a $0.405 dividend. This is a boost from J2 Global’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Wednesday, February 21st. This represents a $1.62 dividend on an annualized basis and a dividend yield of 1.95%. J2 Global’s dividend payout ratio is currently 57.24%.

Several hedge funds have recently made changes to their positions in the company. Pacer Advisors Inc. raised its stake in shares of J2 Global by 11.6% in the 3rd quarter. Pacer Advisors Inc. now owns 6,514 shares of the technology company’s stock valued at $481,000 after buying an additional 675 shares in the last quarter. California Public Employees Retirement System raised its stake in shares of J2 Global by 0.7% in the 4th quarter. California Public Employees Retirement System now owns 114,289 shares of the technology company’s stock valued at $8,575,000 after buying an additional 794 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of J2 Global by 47.3% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,588 shares of the technology company’s stock valued at $194,000 after buying an additional 831 shares in the last quarter. Teachers Retirement System of The State of Kentucky raised its stake in shares of J2 Global by 2.9% in the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 29,100 shares of the technology company’s stock valued at $2,184,000 after buying an additional 832 shares in the last quarter. Finally, Aperio Group LLC raised its stake in shares of J2 Global by 2.2% in the 4th quarter. Aperio Group LLC now owns 42,080 shares of the technology company’s stock valued at $3,157,000 after buying an additional 909 shares in the last quarter.

A number of brokerages have weighed in on JCOM. BidaskClub raised shares of J2 Global from a “hold” rating to a “buy” rating in a report on Friday, March 9th. DA Davidson began coverage on shares of J2 Global in a report on Friday, February 2nd. They issued a “buy” rating and a $95.00 price target for the company. Zacks Investment Research raised shares of J2 Global from a “sell” rating to a “hold” rating in a report on Tuesday, December 19th. Robert W. Baird increased their price target on shares of J2 Global from $94.00 to $95.00 and gave the company an “outperform” rating in a report on Wednesday, February 7th. Finally, ValuEngine downgraded shares of J2 Global from a “buy” rating to a “hold” rating in a report on Thursday, March 1st. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $99.50.

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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).

Insider Buying and Selling by Quarter for J2 Global (NASDAQ:JCOM)

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