Profund Advisors LLC decreased its holdings in J2 Global Inc (NASDAQ:JCOM) by 1.4% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 37,450 shares of the technology company’s stock after selling 519 shares during the period. Profund Advisors LLC’s holdings in J2 Global were worth $3,329,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Bridge City Capital LLC increased its holdings in shares of J2 Global by 0.5% in the 2nd quarter. Bridge City Capital LLC now owns 29,160 shares of the technology company’s stock valued at $2,592,000 after acquiring an additional 144 shares during the period. Meitav Dash Investments Ltd. increased its stake in shares of J2 Global by 3.2% in the 1st quarter. Meitav Dash Investments Ltd. now owns 7,920 shares of the technology company’s stock valued at $681,000 after purchasing an additional 244 shares in the last quarter. Oregon Public Employees Retirement Fund increased its stake in J2 Global by 1.4% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 19,100 shares of the technology company’s stock worth $1,698,000 after buying an additional 265 shares in the last quarter. Truvestments Capital LLC lifted its holdings in J2 Global by 258.9% in the second quarter. Truvestments Capital LLC now owns 402 shares of the technology company’s stock valued at $36,000 after acquiring an additional 290 shares during the last quarter. Finally, Tortoise Index Solutions LLC acquired a new position in J2 Global in the first quarter valued at approximately $28,000.

Shares of JCOM traded down $0.19 during mid-day trading on Friday, hitting $91.00. 10,593 shares of the company’s stock were exchanged, compared to its average volume of 305,274. J2 Global Inc has a fifty-two week low of $65.07 and a fifty-two week high of $92.00. The firm has a market capitalization of $4.45 billion, a P/E ratio of 15.38 and a beta of 0.82. The business’s 50 day moving average is $84.93 and its two-hundred day moving average is $86.42. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 1.09.

J2 Global (NASDAQ:JCOM) last announced its quarterly earnings data on Tuesday, August 6th. The technology company reported $1.47 EPS for the quarter, beating the Zacks’ consensus estimate of $1.42 by $0.05. J2 Global had a net margin of 11.61% and a return on equity of 28.85%. The firm had revenue of $322.43 million during the quarter, compared to the consensus estimate of $320.25 million. During the same quarter last year, the firm earned $1.50 earnings per share. The firm’s revenue was up 12.0% compared to the same quarter last year. On average, equities research analysts forecast that J2 Global Inc will post 6.63 earnings per share for the current year.

A number of research analysts have commented on the company. Sidoti upped their price target on J2 Global from $110.00 to $116.00 and gave the stock a “buy” rating in a research note on Friday, September 6th. BidaskClub raised J2 Global from a “sell” rating to a “hold” rating in a research report on Saturday, September 7th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $105.00.

In other J2 Global news, VP Jeremy Rossen sold 2,617 shares of J2 Global stock in a transaction on Monday, August 19th. The shares were sold at an average price of $83.50, for a total value of $218,519.50. Following the transaction, the vice president now owns 32,440 shares in the company, valued at approximately $2,708,740. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director W Brian Kretzmer sold 1,800 shares of J2 Global stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $87.03, for a total transaction of $156,654.00. Following the completion of the transaction, the director now owns 7,256 shares in the company, valued at approximately $631,489.68. The disclosure for this sale can be found here. 5.90% of the stock is currently owned by insiders.

J2 Global 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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