First Republic Investment Management Inc. raised its position in shares of J2 Global Inc (NASDAQ:JCOM) by 29.9% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 5,912 shares of the technology company’s stock after acquiring an additional 1,362 shares during the period. First Republic Investment Management Inc.’s holdings in J2 Global were worth $512,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of JCOM. Prudential Financial Inc. grew its holdings in shares of J2 Global by 11.0% during the 1st quarter. Prudential Financial Inc. now owns 40,076 shares of the technology company’s stock valued at $3,163,000 after acquiring an additional 3,977 shares in the last quarter. Swiss National Bank grew its holdings in shares of J2 Global by 2.2% during the 1st quarter. Swiss National Bank now owns 84,131 shares of the technology company’s stock valued at $6,640,000 after acquiring an additional 1,800 shares in the last quarter. Aperio Group LLC grew its holdings in shares of J2 Global by 6.8% during the 1st quarter. Aperio Group LLC now owns 44,954 shares of the technology company’s stock valued at $3,548,000 after acquiring an additional 2,874 shares in the last quarter. Federated Investors Inc. PA grew its holdings in shares of J2 Global by 39.8% during the 1st quarter. Federated Investors Inc. PA now owns 30,109 shares of the technology company’s stock valued at $2,376,000 after acquiring an additional 8,572 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan grew its holdings in shares of J2 Global by 4.3% during the 1st quarter. Municipal Employees Retirement System of Michigan now owns 15,250 shares of the technology company’s stock valued at $1,204,000 after acquiring an additional 630 shares in the last quarter. Institutional investors and hedge funds own 99.75% of the company’s stock.

JCOM has been the topic of several research analyst reports. BidaskClub upgraded shares of J2 Global from a “sell” rating to a “hold” rating in a report on Wednesday, August 29th. Citigroup lowered their price target on shares of J2 Global from $88.00 to $86.00 and set a “neutral” rating on the stock in a report on Monday, August 13th. Finally, Robert W. Baird restated a “buy” rating and set a $92.00 price target on shares of J2 Global in a report on Monday, August 13th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $92.67.

In related news, CEO Vivek Shah sold 3,000 shares of the company’s stock in a transaction on Monday, September 17th. The shares were sold at an average price of $82.23, for a total value of $246,690.00. Following the completion of the sale, the chief executive officer now directly owns 720,830 shares in the company, valued at $59,273,850.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Steve P. Dunn sold 1,052 shares of the company’s stock in a transaction on Wednesday, August 29th. The stock was sold at an average price of $83.90, for a total transaction of $88,262.80. Following the completion of the sale, the insider now owns 18,416 shares of the company’s stock, valued at $1,545,102.40. The disclosure for this sale can be found here. Insiders sold 12,509 shares of company stock valued at $1,042,107 over the last quarter. 5.97% of the stock is currently owned by corporate insiders.

J2 Global stock opened at $81.98 on Tuesday. The company has a debt-to-equity ratio of 0.98, a quick ratio of 2.17 and a current ratio of 2.17. J2 Global Inc has a 12 month low of $70.27 and a 12 month high of $91.58. The firm has a market cap of $4.01 billion, a PE ratio of 14.93, a P/E/G ratio of 1.76 and a beta of 0.89.

J2 Global (NASDAQ:JCOM) last issued its quarterly earnings data on Thursday, August 9th. The technology company reported $1.50 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.44 by $0.06. The firm had revenue of $287.89 million during the quarter, compared to analysts’ expectations of $299.59 million. J2 Global had a net margin of 11.19% and a return on equity of 26.39%. J2 Global’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same period in the prior year, the company posted $1.33 earnings per share. equities analysts expect that J2 Global Inc will post 5.79 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 4th. Investors of record on Monday, August 20th were issued a $0.425 dividend. The ex-dividend date of this dividend was Friday, August 17th. This is a boost from J2 Global’s previous quarterly dividend of $0.42. This represents a $1.70 dividend on an annualized basis and a yield of 2.07%. J2 Global’s dividend payout ratio is currently 31.42%.

J2 Global Profile

j2 Global, Inc, together with its subsidiaries, engages in the provision of Internet services worldwide. It operates through two segments, Cloud Services and Digital Media. The Cloud Services segment 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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